U.S. equities on waffled around record levels on Thursday as earnings season continues while political uncertainty in Washington remains. Bloomberg reported that special counsel Robert Mueller is looking into the business dealings of President Donald Trump, Jared Kushner and other associates. This comes a day after Trump warned Muller against it during an interview with […]
Shares of Home Depot and Lowe’s were slammed Thursday, along Whirlpool, after Amazon threatened to take on the appliance market in a much bigger way in a deal with Sears Holdings. The market cap loss in Home Depot, Lowe’s, Whirlpool and Best Buy was about$13 billion at midday. Amazon stock was up slightly, and Sears […]
The Dow Jones Industrial Average (DJIA) traded in positive territory at the open, but has since moved lower after Amazon claimed Home Depot as its latest victim. The e-tailer inked a deal with Sears Holdings to sell its Kenmore brand, sending the Dow stock spiraling. Negative earnings reactions for American Express and Travelers and a Bloomberg News […]
The oil price has scrambled back up to $50 a barrel for the first time since June after weeks of weaker trading, but a US shale resurgence already threatens to scupper the market’s progress. The price of Brent crude soldiered above the key technical level after the US Energy Information Administration revealed that the country’s […]
U.S stocks are wavering between small gains and losses in early trading on Wall Street on Thursday. Energy and healthcare companies are gaining, but basic materials companies are lower. Investors are focused on second-quarter results from large companies like American Express and Philip Morris as well as the latest commentary from the European Central bank, […]
It pays to be CEO. Even in 1965, chief executive officers were pulling in $843,000 a year, and their compensation has only skyrocketed since. According to a new report from the left-leaning Economic Policy Institute (EPI), CEO pay peaked in 2000 at $20.7 million (in 2016 dollars) and, in 2016, “CEOs in America’s largest firms […]
See more of the story NEW YORK — U.S. stocks are wavering between small gains and losses in early afternoon trading Thursday as some weak earnings put a dent in industrial and basic materials companies. Health care companies including Abbott Laboratories are rising as investors focus on quarterly results as well as the latest commentary […]
U.S. stock indexes essentially hit the snooze bar Thursday as investors were relieved the European Central Bank didn’t announce any changes to its stimulus policies. Europe’s central bank maintained its current policies and ECB President Mario Draghi said the bank hasn’t even set a date for considering changes. Investors were startled a month ago when […]
Home Depot Inc.’s stock HD, -3.91% tumbled 4.2% in morning trade Thursday toward a three-month low, enough to be the Dow Jones Industrial Average’s DJIA, -0.02% biggest loser, in the wake of Sears Holdings Corp.’s SHLD, +11.18% announcement that it will sell appliances through Amazon.com Inc. AMZN, -0.11% Appliances have been among the best performing […]
It’s conventional wisdom that the older you get, the safer your money should be. But what if you’re a retired high net worth investor with $1 million-plus in investable assets? These folks are mostly well-positioned to meet their basic retirement needs, and taking a long-term view, they spurn traditional asset allocation advice, according to a […]
