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Facebook shares are rising, and that has one trader hitting the buy button on the stock. The stock is up 15 percent since reporting earnings Jan. 30, leading Todd Gordon, founder of TradingAnalysis.com, to believe new highs could come sooner than investors think. “We have a gap that’s yet to …
Read More »Monthly Archives: February 2019
Marco Rubio attack on buybacks sends shudder down Wall Street
Florida Republican Sen. Marco Rubio proposes changing the capital gains tax as a way to discourage corporate buybacks, a position that could spook the stock market if other prominent Republicans get behind the idea. The capital gains tax is a new twist on the assault on corporate buybacks, which had …
Read More »Mitch McConnell to force the Senate to vote on Alexandria Ocasio-Cortez Green New Deal
Tom Williams | CQ-Roll Call Group | Getty Images Senate Majority Leader Mitch McConnell, R-Ky., talks with reporters outside the Senate chamber about a continuing resolution to re-open the government on Friday, January 25, 2019. Senate Majority Leader Mitch McConnell said on Tuesday that the Senate would vote on the …
Read More »Apple subscription news service would reportedly split revenue 50-50
Jason Lee | Reuters Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Apple is planning an all-you-can-read subscription news service in partnership with publishers, according to a report by The Wall Street Journal. …
Read More »Fed’s Powell puts focus on spreading benefits of a strong economy
Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 181128. Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but the central bank is continuing to find ways to fight poverty. Speaking Tuesday in Mississippi, Powell said …
Read More »Goldman Sachs has ‘low labor costs’ stock strategy that beats the market
Rising wages are expected to eat into corporate profit margins, weighing on companies that are already projecting much slower growth. But Goldman Sachs said some stocks should be immune to higher labor costs. The January jobs report pointed to a 3.2 percent year-over-year increase in wage growth, around the highest …
Read More »Apple dependent on Google for services revenue
Drew Angerer | Getty Images Tim Cook, chief executive officer of Apple, attends the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho. Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google. Apple touts its services revenue …
Read More »Trump targets Alexandria Ocasio-Cortez Green New Deal in campaign speech
Joe Raedle | Getty Images President Donald Trump speaks during a rally at the El Paso County Coliseum on February 11, 2019 in El Paso, Texas. President Donald Trump took aim at the Green New Deal touted by freshman lawmaker Alexandria Ocasio-Cortez in his first true campaign speech of the …
Read More »Fidelity and Schwab fire latest salvos in brokerage fee war
Daniel Fung | Getty Images Unlike actively managed mutual funds, ETFs track indexes, making them passively managed. The price war between major U.S. brokerages heated up on Tuesday after Charles Schwab and Fidelity both announced they would expand commission-free trading to hundreds more exchange traded funds. Both companies said they …
Read More »How a nationwide protest against Maduro could shape Venezuela’s future
Carlos Garcia Rawlins | Reuters Juan Guaido, President of Venezuela’s National Assembly, reacts during a rally against Venezuelan President Nicolas Maduro’s government and to commemorate the 61st anniversary of the end of the dictatorship of Marcos Perez Jimenez in Caracas, Venezuela January 23, 2019. However, only a limited amount of …
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