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Category: News


News, Trading, Uncategorized

Tesla slips after Elon Musk announced lower-cost Model 3 (TSLA)

October 19, 2018

Via: Business Insider

Tesla shares slipped Friday morning, down 0.94%, after CEO Elon Musk revealed a lower-cost Model 3 sedan was ready for order on the company’s website. They had gained as much as 2.2% in early action. “Just released lower cost, mid-range […]


News, Trading, Uncategorized

Bank of America downgrades homebuilder stocks as Wall Street grows increasingly bearish on housing

October 18, 2018

Via: CNBC Finance

Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR and lowered its homebuilding estimates for 2018 and 2019. “This morning BofA Merrill Lynch’s US economics team lowered its 2018-2019 housing starts and new home sales forecasts […]


News

Goldman Sachs Profit Jumps as Tax Cuts Fatten the Bottom Line

October 16, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) , in former CEO Lloyd Blankfein’s final quarter as head of the Wall Street firm, said third-quarter profit rose 19% thanks to President Donald Trump’s tax cuts last December. Net income was $2.524 billion, the […]


News

Trump Called the Fed’s Rate Hikes ‘Crazy.’ The Banking World Respectfully Disagrees

October 11, 2018

Via: Fortune

After President Donald Trump attacked the Federal Reserve over its interest rate hikes on Wednesday, senior officials and banking chiefs have raced to defend the U.S. central bank and its chairman, Jerome Powell. In the context of a Wall Street […]


News

Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says

October 5, 2018

Via: CNBC Economy

President Donald Trump’s corporate tax cut and his business deregulation efforts are not just an economic “sugar high,” former Federal Reserve governor Kevin Warsh argued on CNBC Thursday. Most economists “never thought the economy could grow this fast,” said Warsh, […]


Financial Services, Industries, News

Visa and Mastercard Will Pay $6 Billion to End a Massive Price-Fixing Lawsuit

September 18, 2018

Via: Fortune

Visa and Mastercard agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The two card companies will pay between $5.54 […]


News

US small-business confidence just hit its highest level in 45 years

September 11, 2018

Via: Business Insider

US small businesses have never felt this good, at least according to the National Federation of Independent Business’ small business optimism index. The lobbying group’s monthly index hit 108.8 in August, the index’s highest level in its 45 year history. […]


News

Trump’s campaign finance lies are an attack on the laws that protect democracy

August 30, 2018

Via: NBC News

Last week was a bad week for President Donald Trump. Special counsel Robert Mueller secured a guilty verdict against Trump’s former campaign manager Paul Manafort, while his former lawyer Michael Cohen pleaded guilty in the Southern District of New York […]


News

Despite strong economy, many Americans struggling to get by

August 28, 2018

Via: ABC News

Despite a strong economy, about 40 percent of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities. That’s according to an Urban Institute survey of nearly […]


News

Turkey’s economic crisis has gone off the radar — but there’s a huge chance it could get a whole lot worse

August 24, 2018

Via: Business Insider

After the flare-up in Turkey which saw its currency drop 25% in a week, major tensions with the US, and even talk of its entire economy collapsing, things appear to have quietened down over the past few days, as the […]