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Tag: Finance


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 […]


Industries, Others, Uncategorized

This Is What the Fastest Growing Emerging Economies Have in Common

October 17, 2018

Via: Fortune

By 2030, emerging markets will account for 62% of total growth in global consumption, the equivalent of $15.5 trillion in spending. But some countries are developing more quickly than others. Anu Madgavkar, a partner at McKinsey Global Institute, the business […]


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 […]


Trading

US stock indexes fall further as technology slump continues

October 15, 2018

Via: ABC News

U.S. stocks are mixed Monday as technology companies continue to slump and the Commerce Department said retail sales remained sluggish in September. The S&P 500 and other major U.S. indexes are coming off their worst week since late March as […]


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, […]


News, Uncategorized

Facebook shares dive 19%, shedding $120 billion in market capitalization

July 26, 2018

Via: USA TODAY

SAN FRANCISCO — Facebook shares dove 19 percent Thursday, with the social networking giant shedding about $120 billion in market value after the company warned of slowing sales growth. The decline marked Facebook’s largest stock market decline ever, eclipsing a […]


News

The U.S. Economy May Be Booming, But Americans Aren’t Saving

June 20, 2018

Via: Fortune

Despite recent job gains, rising wages and falling unemployment, almost a quarter of Americans said they still have no emergency savings, according to an annual Bankrate.com report released Wednesday. The number of Americans who said they have no money readily […]


Finance Tech, Trading

Value stocks may break out, helped by rising interest rates, inflation, potential trade war

April 3, 2018

Via: Market Watch

Value stocks, which have been overshadowed by growth stocks including Amazon, Alphabet and Netflix, may make a comeback beginning this year as investors flock to defensive investments. That’s according to Justin Tugman, a portfolio manager at Perkins Investment Management in […]


Finance Tech, Trading

European stocks dive on US trade tensions

April 3, 2018

Via: Business Insider

European stocks started the second quarter on the back foot following a US market sell-off. The majority of European indices did not trade on Monday as the continent observed Easter, but trading in the US resumed, where all three major […]