Tuesday morning brought a bit of a letdown for the stock market, as major indexes pulled back from their big gains from before the holiday weekend. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES:^DJI) was down 32 points to 25,851. Elsewhere, the S&P 500 (SNPINDEX:^GSPC) lost
What do Aretha Franklin, Kurt Cobain, and Prince have in common? Besides being famous and talented, they all died without a will. Pretty amazing, given they all had the money and lawyers to draft a proper estate plan, but for one reason or another they didn't draft one. While the size of your es
This week, Delta Air Lines (DAL) announced plans to expand in Boston, perhaps doing to JetBlue Airways (JBLU) what it did to Alaska Air (ALK) in Seattle. Wolfe Research’s Hunter Keay and Matt Morris consider the implications:
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On Monday,Delta issued a lengthy press release detailing its desire to grow in Boston. The release didnt emphasize the growth....More>>>
Tax audits are in the news more than usual this year, since Donald Trump says the fact that hes being audited by the IRS prevents him from releasing his returns as part of his quest for the presidency.
TOOL: Pinpoint Your Audit Odds
But if being audited blocked the release of a tax return, we never would have seen Barack Obamas or George W. Bushs or Bill Clintons or any other recent....More>>>
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.
According to Clipper Data market intelligence cited by the Financial Times, we’ve seen a 5 percent decline in U.S. crude oil export....More>>>
Today, central banks are acting more aggressively than ever before to stave off deflation and spur global growth. The European Central Bank, the People’s Bank of China, the Bank of Japan, the Bank of England and the Federal Reserve have all embarked on quantitative easing (QE) programs following the 2008 financial crisis.
See Also: Kiplinger’s Economic Outlook on Interest Rates....More>>>
American Express (AXP) is stuck between a rock and a hard place. As it battles MasterCard (MA) and Visa (V), American Express can either try to match their rewards–which will damage its returns–or stand its ground, which will make it hard to compete. Evercore ISI’s David Togut and team explain:
Credit card rewards continue to spiral skywards asAmerican....More>>>
Leerink’s Geoffrey Porges and Assaf Vestin are attending the annual American Society of Clinical Oncology, or ASCO, meeting and came away seeing the “biggest positive impact” forCelgene (CELG), but only a “modest” impact for Amgen (AMGN),Regeneron Pharmaceuticals (REGN) and Gilead Sciences (GILD). They explain:
BMO Capital Markets analyst M. IanSomaiya and team take a look at the “clinical readouts through the end of 2016″ and find upside catalysts for Celgene (CELG), Amgen (AMGN), Biogen (BIIB), and Gilead Sciences (GILD) They explain:
Paulo Fridman/Bloomberg News
Celgene: We believe positive data from the mongersen Phase 2 endoscopy study should move shares higher if....More>>>
A steady stream of multi-factor exchange traded funds have been coming to market for over a year now. Multi-factor ETFs offer investors exposure to several investment factors – the idea being that investors don't need to time when a certain factor will perform well and when others will fall out of favor.
The Global X Scientific Beta US ETF (NYSE: SCIU), which is 14 months old,....More>>>
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Checchi Capital Advisers LLC cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,292 shares of the industrial products company’s stock aft
The stock market was quiet on Wednesday, with different benchmarks reacting to a variety of news events. The release of minutes from the Federal Reserve's most recent monetary policy meeting generally confirmed what most investors had believed about the central bank's future course of action, an
Last Thursday, NVIDIA (NASDAQ:NVDA) reported terrible fourth-quarter results to close out what had been a strong fiscal 2019. For the quarter, revenue fell 24%, earnings per share dropped 48%, and EPS adjusted for one-time items plunged 53%.