The news for stock pickers just keeps getting better — in addition to the overall great year for the market, one of the biggest trends holding back performance has shown a sharp turnaround. Correlation, or the tendency of stocks to move up and down in lockstep, has hit a post-financial […]
FAN Editor
Trump threatens to ‘challenge’ NBC’s license; Comcast shares dip slightly
Shares of NBC-parent Comcast dipped slightly Wednesday after President Donald Trump tweeted about challenging the NBC network license. “With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!” Trump said in a Wednesday tweet […]
GAO investigation exposes security lapses at facilities housing dangerous chemicals
Federal investigators — conducting covert surveillance and other secret operations — successfully breached security at two secure U.S. government facilities in Maryland and Colorado, one containing a nuclear research reactor. “Our covert vulnerability testing identified security vulnerabilities,” warns a report from the Government Accountability Office (GAO), which sent undercover agents […]
GE defends dividend after JPMorgan predicts payout cut is ‘increasingly likely’
JPMorgan isn’t buying the shake-up at General Electric. Analyst Stephen Tusa Jr. said in a Wednesday note that he sees a dividend cut as “increasingly likely” and lowered his price target on the stock by $2 to $20, more than 14 percent below Tuesday’s close. Just like the departure of […]
California couple finds wife’s diamond ring in ashes of their charred home
A couple who lost their home to the California wildfires found a glimmer of hope underneath the destruction. Michael Pond and his wife, Kris Pond, spent hours on Tuesday sifting through the hot rubble where their Santa Rosa home once stood, anxiously searching for Kris’ missing diamond ring. The couple […]
US bombers fly over Sea of Japan in show of force to North Korea
The U.S. military conducted another show of force to North Korea today as long-range B-1 bombers flew a nighttime mission over the Sea of Japan accompanied by Japanese and South Korean fighter aircraft. The two bombers flew to the Sea of Japan from Andersen Air Force Base in Guam. A […]
Robust consumption replacing exports as German growth engine
FILE PHOTO: Steam rises at a coking plant at the steelworks of German steel maker ThyssenKrupp AG in Bruckhausen, a suburb of the western German city of Duisburg October 2, 2012. REUTERS/Ina Fassbender/File Photo October 11, 2017 By Joseph Nasr and Michael Nienaber BERLIN (Reuters) – Robust domestic consumption in […]
Italy’s 5-Star protests as parliament votes on electoral law
5-Star Movement supporters protest in front of Montecitorio government palace in Rome, Italy, October 11, 2017. REUTERS/Alessandro Bianchi October 11, 2017 By Gavin Jones and Steve Scherer ROME (Reuters) – Several hundred supporters of Italy’s 5-Star Movement chanted slogans and waved flags in front of parliament on Wednesday to protest […]
Spain takes step toward direct rule over Catalonia’s independence move
Spanish Prime Minister Mariano Rajoy delivers a statement at the Moncloa Palace in Madrid, Spain, October 11, 2017. REUTERS/Sergio Perez October 11, 2017 By Blanca Rodríguez and Sonya Dowsett MADRID/BARCELONA (Reuters) – Spanish Prime Minister Mariano Rajoy took the first step on Wednesday toward suspending Catalonia’s political autonomy and ruling […]
The Note: Buck stops with Trump on his tax plan
THE TAKE with ABC News’ Rick Klein It’s back to rally mode for President Trump now – and with some urgency. As he heads to Pennsylvania this afternoon, the tax reform push has not so much stalled as it has failed to launch, sidetracked in a unique yet somehow familiar […]