Drug stocks were regrouping on Monday following last Friday’s losses that came ahead of a Washington Post/60 Minutes report on America’s opioid crisis. Continue Reading Below The sell-off came as it was widely expected that the feature would place some of the blame for the crisis on drug distributors, which […]
FOX News
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 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 […]
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 […]
Exelixis liver cancer drug meets late-stage goal, shares jump
Oct 16 (Reuters) – Exelixis Inc. (EXEL) said on Monday its drug to treat patients with a type of liver cancer met the main goal in a late stage study, sending its shares up 19 percent in premarket trading. Continue Reading Below The drug, cabozantinib, showed statistically significant improvement in […]
US stock futures inch up as earnings head for higher gear
Oct 16 (Reuters) – U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week. Continue Reading Below * Netflix shares were up more than 1 percent ahead of earnings due after the market closes, having […]
Trump Obamacare move seen harming Americans, bipartisan prospects
U.S. President Donald Trump will hurt low-income Americans by doing away with Obamacare subsidies and make it harder for him to engage in bipartisan talks with Democrats as Congress edges toward a possible government shutdown, lawmakers said on Sunday. Continue Reading Below The White House has announced that the Republican […]