Tag: News

October 19, 2018

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 […]

October 18, 2018

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 […]

October 17, 2018

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 […]

October 16, 2018

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 […]

October 15, 2018

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 […]

October 5, 2018

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, […]

July 26, 2018

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 […]

June 20, 2018

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 […]

January 26, 2018

Like most things that arrive suddenly and unexpectedly, the wave of financial technology startups that appeared at the start of the decade was met with skepticism, apprehension — even contempt. This so-called Fintech Revolution threatened to take down the financial […]

December 6, 2017

Global stock markets mostly fell Wednesday following the latest retreat on Wall Street and as investors awaited a run of U.S. economic data culminating at the end of the week with the latest nonfarm payrolls report. KEEPING SCORE: In Europe, […]