Qatar Airways became the fourth airline in the Middle East to announce it would be exempt from measures banning laptops and other large electronic devices in the cabin on U.S. flights. The airline announced that passengers flying to the U.S. would be exempt from the laptop ban on Thursday. It follows announcements from Emirates, Turkish […]
Read moreRetail could be one of the best contrarian plays out there, as long as investors steer clear of the nation’s department stores. Eaton Vance chief equity investment officer Eddie Perkin is making that call. “You have to be careful with the department stores. They’re struggling, and they’ll continue to struggle under the threat of Amazon […]
Read moreWhat a difference a couple of weeks make. After hitting an all-time high in late June, Tesla shares have collapsed 18 percent, if Thursday’s premarket trading level holds, due to mounting concerns about its sales results, competition and the safety of its cars. The electric car maker’s stock fell 3 percent in Thursday premarket trading, […]
Read moreFive stocks in the S&P 500 have risen by more than 50 percent this year: Vertex Pharmaceuticals, Activision Blizzard, Align Technology, CSX and Wynn Resorts. Which one has the best shot at continuing its rally through the rest of the year? Chad Morganlander, portfolio manager at Washington Crossing Advisors, would put his money on shares […]
Read moreApple is gearing up to launch three new iPhones in 2018, according to Japanese financial news outlet Nikkei. Previous reports said Apple plans three new iPhones for this September. Citing two industry sources, Nikkei said next year’s phones will pack brighter and more colorful OLED displays. Apple is only expected to offer a new OLED […]
Read moreThe number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed assembly plants for the annual summer retooling. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 248,000 for the week ended July 1, the Labor Department said on Thursday. Data […]
Read moreQatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines “depending on the share price.” The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares. Al-Baker told reporters in Dublin that Qatar Airways would […]
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Like Fed officials on interest rates, strategists are divided when it comes to the bond market’s direction. The 10-year Treasury note yield hit a seven-week high of 2.357 percent on Wednesday ahead of the release of the minutes from the Federal Reserve’s June meeting. It finished the day slightly lower at 2.32 percent. The note’s […]
Read moreCurrency, United States Finance
Trump endorses NATO's mutual defense pact in Poland, after failing to do so on first Europe trip
President Donald Trump on Thursday explicitly endorsed NATO’s mutual defense clause after failing to do so during his previous European trip. Speaking in Warsaw, Poland, Trump defended his calls for allies in the 28-member North Atlantic Treaty Organization to pay more for their defense. He then endorsed Article 5, which ensures that allies will come […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are lower, with tech leading the way down, after Wednesday’s mixed close actually saw tech stocks rebound higher. OIL/ENERGY -U.S. crude prices are up more than 1 percent, but are still at the $45 a barrel […]
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