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Sanjit Das | Bloomberg | Getty Images Pedestrians walk past the entrance to a Tiffany & Co. jewelry store in the central business district of Kuala Lumpur, Malaysia. Check out the companies making headlines midday Friday: Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed …
Read More »Monthly Archives: March 2019
Nokia shares dive on potential Alcatel-Lucent compliance issues
Matthias Oesterle | Corbis | Getty Images An ‘Nokia’ logo sits illuminated outside the Nokia pavilion at the annual Mobile World Congress, one of the most important events for mobile technologies and a launching pad for smartphones, future technologies, devices, and peripherals. Finnish network equipment maker Nokia said on Friday …
Read More »Sam Adams is dedicating a beer to Justice Ruth Bader Ginsburg
Scott J. Ferrell | CQ-Roll Call Group | Getty Images Supreme Court Justice Ruth Bader Ginsburg arrives in the House chamber before Barack Obama’s first address to a joint session of the Congress in 2005. Boston brewer Sam Adams is dedicating a new beer to Justice Ruth Bader Ginsburg, named …
Read More »Bonds are flashing a huge recession signal — here’s what happened to stocks last time it happened
“Yield curve inversion won’t signal doom,” Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said in a note last year. “While an inversion has preceeded each recession over the past 50 years, the lead time is extremely inconsistent, with a recession following anywhere from 14-34 months after the curve …
Read More »Humana turns to game theory for new Medicare price structure
Photo: Humana.com 2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected …
Read More »GM invests $300 million in Orion Assembly Plant, adds 400 jobs
Mary Catherine Wellons | CNBC Mary Barra, CEO, General Motors General Motors is making a $300 million investment at Orion Assembly Plant and adding 400 jobs to build a new electric vehicle, the automaker said Friday. The investment is a portion of $1.8 billion GM pledged to spend on manufacturing …
Read More »RBC raises S&P 500 target, sees 18% gain for 2019
Johannes Eisele | AFP | Getty Images A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. RBC Capital Markets is getting more bullish on stocks as the bank bets on the U.S. economy …
Read More »How SCOTUS justices bargained over fate of Obamacare’s Medicaid expansion
Larry Downing | Bloomberg | Getty Images U.S. Supreme Court Chief Justice John Roberts, from left, stands with fellow justices Anthony Kennedy, Ruth Bader Ginsburg, Stephen Breyer and Elena Kagan. Chief Justice John Roberts traded with liberal justices over the fate of a key plank in President Barack Obama’s signature …
Read More »Nike shares are falling as the sneaker maker warns of a sales slowdown
Sean Proctor | Bloomberg | Getty Images An employee carries Nike Inc. sneakers for a customer at a Dick’s Sporting Goods Inc. store in Sterling Heights, Michigan Nike shares fell Friday morning after the sneaker maker reported weaker-than-expected sales in North America during its latest quarter and warned revenue growth …
Read More »Trump says GDP would have topped 4% if Fed had halted rate hikes sooner
Jabin Botsford | The Washington Post | Getty Images President Donald J. Trump speaks during a meeting with Irish Prime Minister Leo Varadkar in the Oval Office at the White House on Thursday, March 14, 2019 in Washington, DC. U.S. economic growth would be much stronger had the Federal Reserve …
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