FILE PHOTO: The Microsoft logo is shown on the Microsoft Theatre at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo October 16, 2017 By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to resolve a major […]
FAN Editor
Wall Street hits fresh record on financial, tech gains
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 13, 2017. REUTERS/Brendan McDermid October 16, 2017 By Sruthi Shankar (Reuters) – Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as […]
Jockeying for cash: North Korea allows racetrack gambling as sanctions bite
People take part in a horse riding game at the Mirim Equestrian Riding Club in Pyongyang, North Korea October 15, 2017, in this picture released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang. KCNA/via REUTERS October 16, 2017 By Hyonhee Shin SEOUL (Reuters) – Punters in North Korea […]
The charts are pointing to a big breakout for one FANG stock: Technician
Tech has been on a tear this year, and closely watched chart analyst Carter Worth is eyeing one name for an even bigger breakout: Facebook. Facebook along with Apple, Alphabet, Microsoft and Amazon are the top five stocks in the S&P 500 by market cap. Despite the Nasdaq 100 ETF, […]
Dow eyes 23,000 as earnings season heats up
Investors are in the thick of third-quarter earnings season and the Dow stands just 128 points away from 23,000 at the close on Friday. The Nasdaq jumped 14 points ending at a fresh record high. Netflix (NFLX) releases its latest report card after the market closes today. Continue Reading Below […]
Nordstrom family suspends attempt to take retailer private
Oct 16 (Reuters) – Nordstrom Inc. (JWN) said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season. Continue Reading Below The company’s shares dropped about 6 […]
Sears dealt latest blow as Berkowitz resigns from board
Bruce R. Berkowitz has resigned from Sears Holdings Corporation’s (NASDAQ: SHLD) board of directors, effective Oct. 31, 2017, after holding the post for about 20-months. Continue Reading Below Sears is struggling. Last March, in a filing with the Securities Exchange Commission, Sears Holdings issued a going-concern warning letting investors know that the […]
Manufacturing in New York accelerated in October: Survey
WASHINGTON (AP) — Manufacturing activity in New York picked up this month, expanding at the fastest pace in three years. Continue Reading Below The Federal Reserve Bank of New York says its Empire State manufacturing index jumped to 30.2, the highest level since 2014. Any reading above zero points to […]
Wall St higher as bank stocks rebound, Apple gains
A recovery for U.S. banking stocks allied to a 1.5 percent gain for Apple prodded Wall Street’s main indexes higher in early afternoon trading on Monday. Continue Reading Below JPMorgan and Bank of America shares led the advancers on the S&P financial, both rising 1.5 percent as they tracked a […]
Wall St inches higher as bank stocks bounce back
U.S. stocks crept up in late morning trading on Monday as surging Treasury yields led to a rebound in bank stocks after three straight days of losses. Continue Reading Below The benchmark 10-year Treasury yields jumped after Federal Reserve Chair Janet Yellen reaffirmed the central bank’s view on gradual interest […]