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Monthly Archives: April 2018

10-year Treasury yield hits its highest level since 2014

The yield on the 10-year Treasury note hit 2.96 percent Friday, hitting its highest level since Jan. 10, 2014. The two-year yield hit 2.461 percent, meanwhile, its highest level since Sept. 8, 2008, when the two-year yielded as high as 2.542 percent. Friday’s moves cap a week of rising rates …

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Wall Street doesn’t care about your good earnings right now

Companies have been crushing earnings so far this quarter, but a strange trend is developing: Those that beat expectations are seeing their stock prices fall. Since the earnings season kicked off last week, shares have returned, on average, a loss of 0.12 percent on the trading day immediately after companies …

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North Korea is now connected to South Korea with a direct hotline

KCNA | Reuters North Korean leader Kim Jong Un visits the Command of the Strategic Force of the Korean People’s Army (KPA) in an unknown location in North Korea in this undated photo released by North Korea’s Korean Central News Agency (KCNA) on August 15, 2017. South Korean officials no …

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Twitter bans ads from Russia’s Kaspersky Lab

Sergei Savostyanov | TASS | Getty Images The headquarters of the Russian cybersecurity company Kaspersky Lab in Moscow, Russia on Oct. 2, 2017. Twitter said on Friday that it has banned ads from Russia’s Kaspersky Lab, charging that the company’s business model conflicts with the social media platform’s advertising rules …

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Bank of America downgrades Procter & Gamble on ‘longer lasting’ challenges

Bank of America Merrill Lynch downgraded Procter & Gamble to neutral from buy, based on the view it will be more difficult than expected for the business to grow. The analysts expected the company’s initiatives would help improve profits over time. But after Thursday’s earnings release, “it is clear some …

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James Comey will speak at Amazon ‘Fishbowl’ event on Monday

Getty Images Former FBI Director James Comey testifies before the Senate Intelligence Committee on Capitol Hill June 8, 2017 in Washington, DC. Former FBI director James Comey will visit Amazon on Monday for a fireside chat with employees. Comey is participating in one of Amazon’s “Fishbowl” events on the company’s …

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Trump says OPEC is keeping oil prices ‘artificially very high’ and that ‘will not be accepted’

President Donald Trump blasted the oil-producing cartel OPEC on Twitter on Friday. “Looks like OPEC is at it again,” he wrote. “With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” …

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Bitcoin’s latest climb brings post-Tax Day rally to more than 8%

Bitcoin jumped Friday morning, bringing its post-Tax Day gains to more than 8 percent. The cryptocurrency spiked about $300 to a high of $8,554.97, according to CoinDesk’s bitcoin price index. Bitcoin was trading more than 2.5 percent higher near $8,500 as of 9:48 a.m. ET. That marked an 8.5 percent …

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UK wants Zimbabwe back in the Commonwealth

Reuters | Hannah McKay UK Foreign Secretary Boris Johnson (2nd R), his Zimbabwean counterpart Sibusiso Moyo (R) and other politicians pose at the Commonwealth Heads of Government Meeting in London, U.K., on April 20, 2018. Mnangagwa has promised a free and fair election in Zimbabwe in July, and has said …

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Apple stock may fall on ‘materially’ weaker iPhone sales

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple. Apple’s iPhone sales in the June quarter will significantly disappoint versus Wall Street expectations, according to Morgan Stanley. But the firm says any drop in the stock from poor results will be a great buying …

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