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Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on November 28, 2018 in New York City. The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a …
Read More »Monthly Archives: December 2018
Endo International shares fall 8 percent on report of ‘shocking’ data on opioid distribution
Justin Merriman | Getty Images Republican Gubernatorial-elect Ohio Attorney General Mike DeWine gives his victory speech after winning the Ohio gubernatorial race at the Ohio Republican Party’s election night party at the Sheraton Capitol Square on November 6, 2018 in Columbus, Ohio. Opioid producer Endo International’s shares are down 8 …
Read More »Stocks could struggle after record outflows, history shows
Investors just pulled money out of stocks at a record pace and, if history is any indication, equities could struggle before recovering. Data compiled by the Lipper team at Refinitiv showed investors pulled $46.2 billion from U.S. equity mutual funds and exchange-traded funds between Dec. 5 and Dec. 12. This …
Read More »Costco stock sinks 6% after more grocery rivals lead to earnings miss
Gabriel Bouys | AFP | Getty Images People shop at the low cost, high volume supermarket warehouse Costco in Marina Del Rey, California. Shares of Costco Wholesale skidded 6.8 percent Friday after the company reported weaker-than-expected earnings amid increased competition. The fresh-grocery business is getting increasingly more competitive, putting more …
Read More »Strong retail sales push growth forecasts to 3 percent for fourth quarter, even with slowdown scare
Stephanie Keith | Reuters People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City, November 22, 2018. Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, …
Read More »American execs in China fear retaliation for Huawei arrest
Bloomberg | Bloomberg | Getty Images Passengers walk through the terminal building of Shanghai Pudong International Airport in Shanghai, China, on Saturday, Oct. 26, 2013. A partner for a large New York law firm returned from a business trip to China just before Thanksgiving, shortly before the arrest of Huawei …
Read More »JNJ oversold on asbestos fears; legal costs manageable, analyst says
Justin Sullivan | Getty Images In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table in San Francisco, California. The plunge in Johnson & Johnson’s stock price following a report suggesting the company knew about asbestos in its baby powder is …
Read More »Amazon and Google AirPods competitors coming next year: Kuo
David Paul Morris | Bloomberg | Getty Images An attendee wears the Apple AirPod wireless headphones during an event in San Francisco, California, on Wednesday, Sept. 7, 2016. TF International Securities analyst Ming-Chi Kuo, who has accurately predicted Apple’s product launches, recently said he believes that Amazon and Google will …
Read More »GM plans to relocate 1,100 factory workers as part of 14,000 job cuts
Cole Burston | Bloomberg | Getty Images A General Motors Co. worker attends an information meeting at Unifor Union Hall in Oshawa, Ontario, Canada, on Monday, Nov. 26, 2018. More than 1,100 General Motors employees have already volunteered to transfer from plants where the automaker is cutting jobs to other …
Read More »Goldman downgrades Walgreens’ stock to rare ‘sell,’ shares fall
Christopher Lee | Bloomberg | Getty Images A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Goldman Sachs downgraded shares of Walgreens to a rare “sell” rating Friday, doubting that the pharmacy chain’s plans to transform its drugstore business …
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