Stocks book 5 straight days of gains, exit correction territory

Stocks book 5 straight days of gains, exit correction territory

Stocks spent Thursday in a tug-of-war between discouraging company news and encouraging statements from the Federal Reserve chairman. Initially, downbeat company reports held sway; but by the market’s close, stocks had booked their fifth straight day of gains. Continue Reading Below Significantly, the string of daily market gains resulted in two major equity averages exiting correction territory. MORE FROM FOX BUSINESS.COM Early Thursday department store shares tumbled after Macy’s turned in disappointing same-store sales during the critical holiday…

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Oil falls 1 pct on swelling US supply, concerns on trade talks

Oil falls 1 pct on swelling US supply, concerns on trade talks

Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction to trade talks between the United States and China, the world’s two largest oil consumers, that finished without concrete details to ending their dispute. Continue…

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Constellation Brands: Cannabis investment will weigh on bottom line in 2019

Constellation Brands: Cannabis investment will weigh on bottom line in 2019

Constellation Brands shares slumped more than 8 percent in trading Wednesday after the Corona beer parent warned of sagging wine sales and said its investment in Canadian pot company Canopy Growth would cut into its earnings in fiscal 2019. Continue Reading Below The company said interest payments related to its debt-financed, $4 billion investment in Canopy would shave 25 cents over its estimated earnings per share in 2019. Constellation now expects to earn between $9.20…

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WeWork gets $2B after SoftBank cuts planned investment

WeWork gets $2B after SoftBank cuts planned investment

article REUTERS/Bobby Yip WeWork announced on Tuesday that Japan’s SoftBank raised its stake in the company by $2 billion. Continue Reading Below That brings Softbank’s recent investment in the shared-workspace provider to $6 billion, WeWork said in a statement. MORE FROM FOXBUSINESS.COM The investment is reportedly below the $20 billion in funding the two companies had recently discussed. SoftBank Chief Executive Masayoshi Son cut the size of the investment after his company’s stock tumbled in last month’s global stock…

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Stock futures point to a fourth day of gains on trade optimism

Stock futures point to a fourth day of gains on trade optimism

Equity futures were rising for a fourth day as trade negotiators for the U.S. and China extended talks for an un scheduled third day. Continue Reading Below Dow Jones futures were rising by 0.4 percent. The S&P 500 added 0.4 percent and the Nasdaq Composite was up 0.4 percent. MORE FROM FOXBUSINESS.COM Extending talks fueled optimism the world’s largest economies can strike a trade deal and avoid disrupting the global economy, according to Reuters. The…

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Stocks rise on optimism about trade talks

Stocks rise on optimism about trade talks

U.S. stocks opened higher Wednesday, headed for their fourth straight session of gains, as trade negotiators for the U.S. and China extended talks for an unscheduled third day. Continue Reading Below The decision to keep negotiating fueled optimism the world’s largest economies can strike a trade deal and avoid disrupting the global economy. MORE FROM FOXBUSINESS.COM The U.S. trade delegation was set to return to the United States later on Wednesday after what a U.S….

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Oil climbs on hopes US, China can settle trade disputes

Oil climbs on hopes US, China can settle trade disputes

Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy. Continue Reading Below U.S. West Texas Intermediate (WTI) crude oil futures were at $50.38 per barrel at 0713 GMT, up 60 cents, or 1.2 percent, from their last settlement. That marked the first time this year that WTI has…

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Verizon adds 1.2M wireless customers in 4Q

Verizon adds 1.2M wireless customers in 4Q

Verizon Communications on Tuesday said it recorded 1.2 million net subscriber additions in its fiscal fourth quarter, according to a press release. Continue Reading Below Of the 1.2 million net additions, roughly 650,000 were phone subscribers on monthly payment plans, Verizon Wireless chief Ronan Dunne said while speaking at the Citi 2019 Global TMT West investor conference. A relatively low “churn,” or customer turnover rate, demonstrated “strong customer loyalty” to the Verizon brand, Dunne added….

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Forest fire insurance costs soar: Report

Forest fire insurance costs soar: Report

Natural disasters are costing insurance companies more than ever. Continue Reading Below Forest fires led the way in 2018, with the deadly fire that ravaged northern California the single-most expensive natural disaster of the year, according to a report from Munich Re. MORE FROM FOXBUSINESS.COM The California wildfire that devastated the small town of Paradise in November caused losses of $16.5 billion, of which $12.5 billion were insured. Worldwide natural disasters caused $160 billion in economic damage in…

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Stock futures advance on trade deal hopes

Stock futures advance on trade deal hopes

Equity futures look at add to recent gains as optimism remains for a trade deal between China and the U.S. Continue Reading Below Dow Jones futures were rising by 0.6 percent. The S&P 500 added 0.6 percent and the Nasdaq Composite was up 0.6 percent. MORE FROM FOXBUSINESS.COM U.S. Commerce Secretary Wilbur Ross predicted that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two biggest…

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