Former Goldman Sachs CEO Lloyd Blankfein weighed in on the debate raised this week by lawmakers who want to restrict companies from buying their stock.
In a tweet on Tuesday, Blankfein challenged the premise that corporate stock buybacks divert resources away from workers and meaningful investments. “The money doesn’t vanish,” he said. “It gets reinvested in higher....More>>>
ICICI Bank Ltd (NYSE:IBN)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.46, but opened at $9.26. ICICI Bank shares last traded at $9.00, with a volume of 4372353 shares traded.
A number of equities analysts have recently issued reports on IBN shares. Zacks Investment Research cut shares of ICICI Bank from a “hold” rating....More>>>
September 28, 2018: The S&P 500 closed flat at 2,913.94. The DJIA closed flat at 26,457.56. Separately, the Nasdaq closed flat at 8,046.35.
Friday was a flat day for the broad U.S. markets. All three major indices were fairly positive at one point during the day but ultimately regressed. Crude oil made another solid gain in the session. The S&P 500 sectors were more or less split....More>>>
Six decades ago, one of the most iconic phrases was born: “the golden years.” It was a term coined to describe the advanced years of a person’s lifetime and was meant to convey the joy that could be had during those years.
You see, during the 1950s, Social Security provided a financial safety net for those too old to work. But retirement often meant a potentially lonely....More>>>
February 8, 2018: Markets opened barely mixed Thursday and proceeded to sink for the rest of the day. Volatility based on rising bond yields and January’s sharp rise in equity prices may share a good portion of the blame. Every S&P sector except utilities traded in the red, with financials and telecom faring worst.
WTI crude oil for March delivery settled at $61.15 a barrel, down....More>>>
August 23, 2018: Markets opened mixed again Thursday and once again equities stayed within easy reach of the break-even line. A typical summer-doldrums kind of day with low volume and no big news. The tech sector is the only one to have posted a gain of any size and the big losers were basic materials and energy.
WTI crude oil for October delivery settled at $67.83 a barrel, down 3 cents....More>>>
Gold edged up Wednesday after witnessing its steepest retreat in more than a year in response to the dollar’s strength a day earlier. The metal’s moves, however, were subdued as investors awaited the release of Federal Reserve meeting minutes which is expected to provide another read on the mood at the central bank as it looks to continue to tighten the interest-rate crank this year.
U.S. equities moved higher on Friday thanks to a solid June jobs report that basically maintains the status quo on the economic front: Payroll gains were solid, the unemployment rate drift slightly higher and wage growth remains tepid. Overall, the bulls were encouraged by the “Goldilocks” combination of hiring without inflation that could keep the Federal Reserve from being more aggressive....More>>>
Source: ThinkstockApril 10, 2018: The S&P 500 closed up 1.7% at 2,656.84. The DJIA closed up 1.8% at 24,406.82. Separately, the Nasdaq was up 2.1% at 7,094.30.
Tuesday was another positive day for the broad U.S. markets. Despite a grueling congressional hearing for Facebook CEO Mark Zuckerberg, tech stocks helped to push the markets higher. At the same time, crude oil made an incredible....More>>>
In early 2016, I (Porter) was invited to dinner with one of the most powerful men in the world – the "Metropolitan Man"… We met on the top floor of New York City's Metropolitan Club. There, he warned me that the potential for negative interest rates threatened the entire global financial system. These insights led directly to the launch of my first precious-metals....More>>>
More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show.
The dollar amount of shares shorted on Tesla increased 28 percent in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25 percent, according to FactSet.
“Tesla, which was overtaken by Apple....More>>>
Goldman Sachs Group assumed coverage on shares of Energy Transfer Equity LP Unit (NYSE:ETE) in a report released on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $23.00 target price on the pipeline company’s stock.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Energy Transfer Equity....More>>>
Petrofac (LON:PFC) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued....More>>>
Chicago, IL, based Investment company Ctc Llc buys Amazon.com Inc, SPDR S&P 500, SPDR Gold Trust, Netflix Inc, sells PowerShares QQQ Trust Series 1 during the 3-months ended 2017-06-30, according to the most recent filings of the investment company, Ctc Llc. As of 2017-06-30, Ctc Llc owns 4 stocks with a total value of $204 million. These are the details of the buys and sells.
Investment company Doheny Asset Management buys Euronav NV, Energous Corp, Aqua Metals Inc, Netflix Inc, Facebook Inc, SRC Energy Inc, Tesla Inc, Enbridge Inc, GW Pharmaceuticals PLC, Goldman Sachs Group Inc, sells Exar Corp, Frontier Communications Corp, Gilead Sciences Inc, Check Point Software Technologies, East West Bancorp Inc during the 3-months ended 2017-03-31, according to the most recent....More>>>