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Monthly Archives: April 2018

Sprint, T-Mobile dive as regulatory uncertainty outweighs deal news

Michael Nagle | Bloomberg | Getty Images John Legere, chief executive officer and president of T-Mobile US Inc., left, listens as Marcelo Claure, chief executive officer of Sprint Corp., speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April …

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Square shares drop after short seller Citron calls bitcoin strategy ‘nonsense’

Shares of Square fell Monday after noted short-seller Andrew Left’s Citron Research said excitement over the payments processor’s bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $45.76 a share before recovering some of its losses. Square is a “collection of yawn businesses,” Citron said in a …

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Trump balances optimism, skepticism on North Korea talks

Jung Yeon-je | AFP | Getty Images A South Korean soldier walks past a television screen showing pictures of US President Donald Trump (L) and North Korean leader Kim Jong Un at a railway station in Seoul on March 9, 2018. President Donald Trump attempted to strike a balance between …

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Netanyahu claims to show Iran’s ‘nuclear files’ obtained by Israel

Amir Cohen | Reuters Israeli Prime minister Benjamin Netanyahu speaks during a news conference at the Ministry of Defence in Tel Aviv, Israel, April 30, 2018. Those files detail Project Amad, which Netanyahu described as “a comprehensive program to design, build and test nuclear weapons.” He said the files provided …

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Stocks mostly lower; telecom lags

Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Dec. 15, 2017. Monday also marks the last trading day of April, which is on pace to be the first positive month in three for …

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Apple shares jump on optimism for a big boost to buyback, dividend program

Shares of Apple moved higher Monday on increased optimism that the tech giant could announce a record-breaking boost to its stock buyback and dividend plan when it posts quarterly results this week. Apple shares rose more than 2 percent while the broader market declined. The Cupertino-based company had tumbled into …

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Benjamin Netanyahu to address Iran nuclear deal, sending oil higher

Israel’s Prime Minister Benjamin Netanyahu will detail what his office called a “significant development” regarding the Iran nuclear deal on Monday. The announcement sent oil prices higher ahead of Netanyahu’s statement, which is scheduled for 1 p.m. ET on Monday. The oil market has been on edge ahead of a …

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Buy Spotify because it is ‘closest’ thing to a Netflix for music: JP Morgan

Akio Kon | Bloomberg | Getty Images Daniel Ek, chief executive officer and co-founder of Spotify AB. Spotify shares will thrive because the music streaming company will generate strong user growth over the next five years, according to J.P. Morgan Chase. The bank initiated coverage of Spotify shares with an …

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Trump is going to a social event hosted by pro-Trump super PAC America First Action

Daniel Acker | Bloomberg | Getty Images President Donald Trump speaks during a rally in Washington, Michigan, on Saturday, April 28, 2018. President Donald Trump is preparing to go to a social event Monday that’s being hosted by pro-Trump political action committee America First Action. A spokeswoman for the super …

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Trump has not decided yet on metals tariff exemptions, Mnuchin says

Getty Images Coils of steel stand on trains in front of the ThyssenKrupp steel mill on March 5, 2018 in Duisburg, Germany. U.S. President Donald Trump has not yet made a decision on whether any countries should get extended exemptions on steel and aluminum tariffs, U.S. Treasury Secretary Steven Mnuchin …

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