Earnings season so far is “horrible,” and the one-day decline in shares of companies reporting is tracking as the worst since 2011, according to Bespoke Investment Group. “Ever since mid-September, we’ve been seeing a trend of companies reporting earnings [and] have been declining in reaction to their news,” Bespoke co-founder Paul Hickey said Tuesday in
0 Comments
The impact of the ongoing trade spat between Washington and Beijing is going to have a “minimal” impact for now on China’s luxury shoppers, according to a partner at consulting firm OC&C Strategy Consultants. Most of the impact will be indirect, with the trade tariffs likely affecting the overall Chinese economy and the capacity for
0 Comments
The troubling signs in the stock market — rallies in recession-era favorites like utilities and retailers and breakdowns in economically sensitive stocks tied to construction and housing — are all but lost on the Federal Reserve, Jim Cramer argued Monday. “When I scrutinize the charts of, say, Weyerhaeuser, Vulcan Materials, Martin Marietta Materials, U.S. Concrete,
0 Comments
Brendan McDermid | Reuters A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. Check out the companies making headlines after the bell: Cadence Design Systems shares soared more than
0 Comments
Middle East Monitor | Reuters Saudi dissident Jamal Khashoggi speaks at an event hosted by Middle East Monitor in London Britain, September 29, 2018. Picture taken September 29, 2018. Treasury Secretary Steven Mnuchin met Monday with Saudi Arabia’s crown prince, Mohammed bin Salman, despite the ongoing outrage over the killing of journalist Jamal Khashoggi in
0 Comments
Oilfield services provider Halliburton’s third-quarter profit edged past analysts’ estimates on Monday, helped by its international business, even as pipeline bottlenecks in North America led to fewer well completions. Halliburton, the largest provider of hydraulic fracturing services, has seen demand for its services soften as U.S. producers cut down on spending and transportation bottlenecks in
0 Comments