7.3 C
New York, United States
Sunday, January 22, 2017

Day One for Donald Trump’s Economy, in Charts

The World Economic Forum this year feels like an exercise in ritual self-flagellation, which – as with the old Christian practice of fasting and whipping one's own body – is supposed to purify the si...

Implications Of The Latest Smash In Bristol-Myers Squibb Stock

Shares of Bristol-Myers Squibb Co (NYSE:BMY), a big pharma company trying to pivot toward oncology, have fallen about 9.8% as of 11:50 a.m. EST Friday. An announcement that it won't seek accelerated ...

California gains 3700 jobs in December, pushing unemployment down to 5.2%

TALLAHASSEE, Fla. (AP) – Florida's unemployment remains slightly above the national rate, but Hendry County lags behind. State officials on Friday announced the December unemployment remained at 4.9 ...

What Goldman Sachs and Morgan Stanley fear from Trump

Donald Trump, the 45th president of the United States, will be great for banks. Won't he? After all, there's no shortage of former (Goldman Sachs) bankers on his team, and the volatility surrounding ...

Billionaire Warren Buffett is no big spender

Hillary Clinton supporter Warren Buffett reassures nervous investors that the U.S. economy will be just fine under President Donald Trump. "America works," the chairman and CEO of Berkshire Hathaway ...

City chief plays down Brexit risk as banks move jobs

“Will the UK accept anything just to have a special relationship with Trump?” one senior eurozone official told BuzzFeed News. Alberto Nardelli. BuzzFeed News Europe Editor. View this image ›. Jonath...

FTC not sold on Walgreens’ plan to win nod for Rite Aid deal: Bloomberg

Walgreens said in September it would divest between 500 and 1,000 stores to help get cleared by the Federal Trade Commission for a $9.4 billion deal to acquire Rite Aid, according to Reuters. However...

With 1200 Losing Their Jobs, Lordstown Hopes the Cycle Turns and Plans for a New Economy

The bad news, of course, is that today is the final weekday workday for more than 1,200 employees at the nation's No. 1 automaker's sprawling Lordstown assembly plant. As announced several months ago...

Apple Sues Qualcomm Over Licensing Practices

Apple Inc. sued Qualcomm Inc. alleging the chip supplier demanded unfair terms for its technology, escalating long-simmering tension between companies at the heart of the global smartphone industry. ...

The American Express Company (AXP) Given “Sell” Rating at RBC Capital Markets

American Express reported quarterly earnings per share that fell short of analysts' expectations on Thursday. The credit card issuer posted fourth-quarter adjusted earnings per share of 91 cents on r...

Army Picks Sig Sauer To Replace Handgun After 3-Year Search

NEWINGTON — Sig Sauer Inc. was awarded a $580 million contract for its Modular Handgun System including handgun, accessories and ammunition to replace the current M9 handgun. The Newington company co...

Activist investor activity reignites rail merger hopes

Shares in the Jacksonville, Fla.-based Class I railroad jumped 23.4 percent on Thursday to close at $45.51 following reports outgoing Canadian Pacific CEO E. Hunter Harrison could be eyeing CSX as hi...

Student loan powerhouse sued for deceptive practices

Although its power may change after Trump takes office, the Consumer Financial Protection Bureau (CFPB) is taking action while it can against the largest student loan servicer in the country, Navient...

Ford to Record Pre-Tax Loss of $3 Billion in 2016

January 20, 2017 at 9:46 am | DEARBORN, Mich. (AP) — Ford says that a change in the way it values pension obligations will cut its 2016 net income by $2 billion. According to a regulatory filing, For...

Outflow of Money and Volume Selling Action in Baker Hughes Incorporated (NYSE:BHI)

U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices ov...

P&G Continues to Chalk Up Modest Sales Gains

The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles, California, United States, April 25, 2016. REUTERS...

Weakness in oil and gas dents GE earnings

GE Transportation saw earnings fall 6 percent in the fourth quarter of 2016, but still managed a profit of $317 million, according to the General Electric Co. earnings reported released Friday mornin...

Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

Stocks snapped their losing streak Friday as Donald Trump took the oath of office for president of the United States. The Dow Jones industrial average closed up 95 points, or 0.5%, to 19,827 Friday, ...

Borrowers: This is how the FHA mortgage insurance premium suspension impacts you

(Reuters) - The U.S. Department of Housing and Urban Development on Friday suspended a controversial plan that would have slashed the premium rates for certain federally backed mortgages. The reversa...

President Trump’s White House website is live and it vows 4% economic growth, renego...

Canada will consider pursuing a new multilateral Pacific Rim trade deal now that President Donald Trump has signaled the U.S. is abandoning the Trans-Pacific Partnership. The most important business ...