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SeongJoon Cho | Bloomberg | Getty Images The LG Electronics logo is seen at the World IT Show in Seoul, South Korea, on May 23, 2018. South Korea’s LG Electronics said on Tuesday its fourth-quarter operating profit likely fell 80 percent from the same period a year earlier, far below …
Read More »Monthly Archives: January 2019
Nellie Liang withdraws her nomination to Federal Reserve board
Andrew Harrer | Bloomberg | Getty Images Former Federal Reserve economist Nellie Liang said on Jan. 8, 2019 she had withdrawn her nomination for a seat on the Fed’s Board of Governors. Former Federal Reserve economist Nellie Liang said on Monday she had withdrawn her nomination for a seat on …
Read More »Union Pacific, NuVasive and more
Ken James | Bloomberg | Getty Images A worker in a Union Pacific locomotive maintenance facility, in Roseville, California. Check out the companies making headlines after the bell: Union Pacific shares rose more than 6.5 percent after hours as it hired a new chief operating officer. Jim Vena, who previously …
Read More »Oil prices don’t influence US response to Khashoggi crisis
Secretary of State Mike Pompeo on Monday said oil prices did not and will not influence the Trump administration’s response to the killing of Saudi dissident Jamal Khashoggi. Pompeo’s remarks, made in an interview with CNBC’s Wilfred Frost, come three months after Saudi agents killed the Washington Post columnist in …
Read More »Why Amazon is the most valuable public company
Andrew Harrer | Bloomberg | Getty Images Amazon CEO Jeff Bezos laughs at a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. Now it’s Amazon’s turn at the top. The 24-year-old company surpassed Microsoft as the world’s most valuable public …
Read More »Apple hasn’t been this unloved by Wall Street since 2005
Apple has become more unloved by Wall Street analysts than at any time in the past 14 years. Wall Street analysts have the lowest percentage of ‘buy’ ratings on Apple stock since 2005 — at 49 percent, according to FactSet. Another 51 percent are ‘holds.’ As Apple shares plummeted in …
Read More »Top technician says “Dow dog” Verizon is headed for a breakout
As investors hunt for value in the new year, one top technician says there’s something in the charts suggesting “Dow dog” Verizon is the best play for a catch-up. The classic “Dogs of the Dow” theory involves investing in high-yielding Dow stocks, which typically means investing in some of the …
Read More »Trump will address nation before visiting southern border amid shutdown
Mandel Ngan | AFP | Getty Images President Donald Trump (C) inspects border wall prototypes in San Diego, California on March 13, 2018. President Donald Trump said Monday that he will address the nation at 9 p.m. ET Tuesday to discuss the standoff over his proposed border wall that has …
Read More »Amazon Key garage delivery coming this year
Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Amazon has a new way to prevent thieves from stealing packages. In …
Read More »Amazon passes Microsoft in market value, becomes largest
Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Amazon is now the largest company by market value, overtaking Microsoft’s hold …
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