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Monthly Archives: October 2018

Facebook’s not back yet, but it’s on its way

Matthew Busch | Bloomberg | Getty Images Nick Akins, chairman, president and chief executive officer of American Electric Power Co. Nick Akins, the chairman and CEO of the largest power transmission network in the United States, is keeping a close eye on the country’s economic patterns, he told Cramer in …

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The stock market lost more than $2 trillion in October

October 2018 is set to be the worst October for stocks since 2008, when the S&P 500 plunged 16.9 percent, according to Silverblatt. The S&P 500 slipped past two closely watched levels on Oct. 26, falling below its 200-day moving average and more than 10 percent from its intraday high …

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Mark Zuckerberg dodged a $128 million blow to Facebook holdings

Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. Facebook CEO Mark Zuckerberg saved around $128 million thanks to fortunately timed sales of his own company’s stock. Facebook share prices …

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UK’s Brexit minister says he expects a deal by Nov 21, sterling rises 

Dursun Aydemir | Anadolu Agency | Getty Images EU Chief Brexit Negotiator Michel Barnier (R) and Britain’s Brexit Secretary Dominic Raab hold a joint press conference at the European Commission in Brussels on August 31, 2018.  The U.K.’s Brexit secretary, Dominic Raab, told lawmakers Wednesday that he expects the country’s …

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Wall Street strategist Tom Lee say rapid sell-off is over: ‘The bottom is here’ 

Drew Angerer | Getty Images Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City.  October has been a jarring month for U.S. stocks. But one strategist is calling a bottom and says …

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GM CEO Barra says automaker is watching China trade ‘very carefully’

General Motors Chairman & CEO Mary Barra (L) and President of General Motors China Matt Tsien attend a press conference in Shanghai, China September 15, 2017. General Motors is keeping a close eye on China, CEO Mary Barra said Wednesday. GM said its luxury brand Cadillac had record sales in …

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Here’s what every major analyst is saying about Facebook’s earnings

Paul Marotta | Getty Images Facebook founder and CEO Mark Zuckerberg received an Honorary Doctor of Laws Degree from Harvard University at its 2017 366th Commencement Exercises on May 25, 2017 in Cambridge, Massachusetts. Facebook’s stock jumped before the opening bell Wednesday after the social media giant reported earnings that …

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Facebook stock pops after mixed Q3 earnings, candid earnings call

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Shares of Facebook were popping Wednesday after a mixed third quarter report and a candid earnings call with traditionally tight-lipped executives. The stock gained more than 6 percent in the first few minutes …

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Crude oil is doing something it hasn’t done in years 

Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. “This has been the highest correlation that I’ve seen in …

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