South Korea’s proposed military talks aimed at easing tensions between the two Koreas planned for Friday failed to take place after North Korea snubbed a call by the South, a setback for new President Moon Jae-in’s hope of engaging Pyongyang in dialogue. South Korea’s Defense Ministry was expected to issue a statement at 0130 GMT […]
Read moreSix teenagers from a Burundi robotics team have been reported missing after an international competition in Washington and two of them were seen entering Canada, police said on Thursday. The four males and two females were last seen late on Tuesday afternoon when the robotics contest ended at the FIRST Global Challenge, police said. Authorities […]
Read moreCurrency, United States Finance
Strong earthquake of magnitude 6.7 strikes off Turkey coast, two reported killed in Greece
A powerful earthquake of magnitude 6.7 killed two people when it struck near major Turkish and Greek tourist destinations inthe Aegean Sea on Friday, Turkish and Greek officials said. The quake, which struck at 1:31 a.m. (2231 GMT on Thursday), was located off the southwestern coastal city of Marmaris in the Mugla province, the USGS […]
Read moreHomebuilder stocks could see further upside, according to one strategist who sees a strong environment for the homebuilders despite a rough trading day on Thursday. Matt Maley, equity strategist at Miller Tabak, is watching homebuilder stocks closely following Wednesday’s U.S. housing starts data, showing that housing starts rose 8.3 percent to a seasonally adjusted annual […]
Read moreJim Cramer has noticed that there are times when investors decide that certain stocks are not worth owning regardless of their fates, and a lot of the time, it is because of Amazon. “Yet, as is so often with this market, you can’t really see the losses on the surface because the money simply rotates […]
Read moreMicrosoft’s collection of cloud apps for businesses have hit a new milestone. They now bring in more revenue than licenses for desktop Office apps and on-premises servers like Exchange. “For the first time, Office 365 Commercial revenue surpassed revenue from our traditional licensing business,” Microsoft chief financial officer Amy Hood said Thursday on the earnings […]
Read moreIt’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on callers’ favorite stocks at rapid speed: Adobe: “That’s a high-quality problem. [CEO] Shantanu Narayen is out there working for you every minute, and he’s working for my charitable trust. Sometimes I think, ‘Why can’t we own all […]
Read moreEBay on Thursday forecast that adjusted profit this quarter could fall below analysts’ estimates, as it continues to invest in marketing and in revamping its platforms to attract more shoppers, sending shares down more than 4 percent. San Jose, California-based eBay forecast third-quarter adjusted earnings of 46 to 48 cents per share. Analysts on average […]
Read moreSome investors wonder how the FANG stocks, Jim Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet, can go higher without good news driving their runs. “Is their recent rally just the greater fool theory writ large, where you buy them today, confident that someone will pay even more for them tomorrow simply because […]
Read moreAfter KeyCorp’s second-quarter earnings beat Wall Street’s estimates, the stock declined over 3 percent on management’s somewhat tepid full-year guidance, so Chairman and CEO Beth Mooney wanted to clarify the company’s prospects and goals. “We see strength in our company, strong balance sheet, and I do believe, if there is some more clarity and some […]
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