Intel – Intel received a $185 million grant from the Israeli government in return for a $5 billion expansion of its chip making operations in Israel. Walmart, Target, Macy’s – These and other retail stocks are on watch today, following holiday shopping season numbers that were the best in six...
Oil prices dropped by more than 1 per cent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street. Brent crude futures were at $66.91 (£47.84) per barrel on Tuesday morning,...
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear market...
The pan-European Stoxx 600 sank 0.4 percent during morning trade, with almost all sectors and major bourses in the red. Looking at individual stocks, Germany’s Delivery Hero was the top performer. The online food delivery firm recently sold its German unit to Dutch rival Takeaway.com for $1.1...
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to...
The Federal Reserve on Wednesday may not be able to sound easy enough to satisfy expectations — including those of President Donald Trump who wants the central bank to stop raising interest rates completely. So many investors expect the Fed to be dovish when it gives its highly-anticipated...
Bitcoin staged a minor recovery on Monday, finally topping the $3,400 level after weeks of pain. The cryptocurrency has nosedived by more than 80 percent from the all-time high hit exactly a year ago. On December 17, 2017 bitcoin peaked just above $19,475, according to CoinMarketCap.com. It has...
Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh...
The passage of the 2018 Farm Bill by Congress moves Canadian pot producer Canopy Growth one step closer to activity in the United States, the company’s chief executive told CNBC on Wednesday. The “Farm Bill is the first step to active” involvement in the U.S. by Canopy Growth, CEO Bruce Linton...
A new round of high-level talks and some potential giveback on tariffs by China was a bright spot in the U.S.-China trade war, but strategists say the peace could be fleeting and the situation could get worse before it gets better. U.S. officials spoke by phone with their Chinese counterparts,...
