What happened Continue Reading Below Shares of Chinese mobile-based social network Momo Inc. (NASDAQ: MOMO) lost 21.2% last month, according to data from S&P Global Market Intelligence . So what After rising a little over 5% during the balance of last month, Momo shares slid nearly 19% on Nov. 28, […]
FOX Business News
Amazon could be first $2T company: Fmr. Apple CEO John Sculley
As Amazon (AMZN) continues to steamroll into new markets, former Apple CEO and Pepsi president John Sculley told FOX Business that the tech giant might win the race to become the world’s first $2 trillion company. Continue Reading Below “Amazon may not be the first $1 trillion [market cap company], […]
House and Senate reach deal on U.S. tax legislation -Hatch
WASHINGTON, Dec 13 (Reuters) -U.S. Senate Finance Committee Chairman Orrin Hatch said on Wednesday that Republicans in the Senate and House of Representatives had reached a deal on tax reform legislation. Asked by reporters, if an agreement had been reached in negotiations to hammer out differences between two competing tax […]
The Latest: Sources say deal reached on tax overhaul
WASHINGTON – The Latest on the Republican tax overhaul (all times local): Continue Reading Below 11:56 a.m. House and Senate GOP leaders have forged an agreement on a sweeping overhaul of the nation’s tax laws. That paves the way for final votes next week to slash taxes for businesses and […]
Markets Right Now: Tech stocks lead US indexes higher
The latest on developments in financial markets (All times local): Continue Reading Below 11:45 a.m. Stocks are moving higher in midday trading, led by gains in technology companies, which have outpaced the market all year. Health care companies were also higher Wednesday, while banks and energy stocks lagged behind. Western […]
T-Mobile to launch a new television service in 2018, acquire Layer3 TV
FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, California, U.S., May 11, 2017. REUTERS/Mike Blake/File Photo (Reuters) NEW YORK (Reuters) – T-Mobile US Inc said on Wednesday it will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc […]
Malls see more merriment this season than expected: Goldman Sachs
Goldman Sachs (GS) has turned a little optimistic on mall retailers, at least for the short term, following early readings on the holiday shopping season. Continue Reading Below “We are broadly raising estimates and price targets across our coverage for the fourth quarter of 2017 and the first quarter of […]
US stocks edge higher ahead of expected Fed rate hike
U.S. stocks edged higher in early trading Wednesday ahead of an expected interest rate hike from the Federal Reserve. Technology stocks accounted for much of the market’s gains. Health care companies also rose. Banks lagged the most. U.S. crude oil prices were climbing. Continue Reading Below KEEPING SCORE: The Standard […]
How SunPower’s Stock Price Could Double in 2018
Shares of SunPower Corp. (NASDAQ: SPWR) surged as much as 16% in trading Monday on little more than an analyst upgrade and word that a competitor had received an offer to take it private. It was just another episode in a year during which SunPower’s stock has oscillated dramatically on […]
Markets mixed, but hover near record highs as all eyes focus on the Fed
The major U.S. stock indexes were mixed on Wednesday, but were still hovering near record-highs as investors awaited the Federal Reserve’s meeting minutes, while digesting the results of the Alabama Senate race. Continue Reading Below It is widely expected that the Fed will announce an interest rate hike, when they […]