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Luke Sharrett | Bloomberg | Getty Images Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky. Shares of General Mills jumped 3.5 percent Wednesday after the food company’s earnings report showed that cost-cutting initiatives and price hikes have paid off for …
Read More »Monthly Archives: March 2019
Market sees nearly 50% chance of a Fed rate cut by the end of January 2020
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 20, 2019. Markets are becoming more convinced that the Federal Reserve will be more accommodative …
Read More »NY Mets launch new ticket subscription deal for 78 home games
Henny Ray Abrams FILE- In tis April 5, 2010, file photo, New York Mets’ fans celebrate after the Mets’ David Wright hit a two-run home run in the first inning of a baseball game against the Florida Marlins at Citi Field in New York. A person familiar with the announcement …
Read More »Stocks making the biggest moves midday: FedEx, Viacom, Tencent Music
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange Friday morning on Feb. 9, 2018 in New York City. Check out the companies making headlines midday Wednesday: FedEx — Shares of FedEx dropped 5.14 percent after the company reported lower-than-expected third-quarter earnings and …
Read More »Facebook Oculus announces $399 Rift S headset launching this spring
Glen Chapman | AFP | Getty Images Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will …
Read More »Levi Strauss IPO seeing high demand, more than 10 times oversubscribed: Sources
Sean Gallup | Getty Images In this photo illustration Levi’s 501 blue jeans by U.S. clothing manufacturer Levi Strauss are seen on March 8, 2018 in Berlin, Germany. Blue jeans giant Levi Strauss & Co.’s Thursday initial public offering is more than 10 times oversubscribed, sources familiar tell CNBC. The …
Read More »Worried about the global economy? So are top executives
Stefan Wermuth | Bloomberg | Getty Images Sergio Ermotti, chief executive officer of UBS Group AG, speaks during a news conference, as the worlds largest wealth manager announces full year earnings in Zurich, Switzerland, on Monday, Jan. 22, 2018. Corporate giants doing business abroad are painting a dreary picture of …
Read More »The last time Netflix did this, it rallied 95 percent
Netflix is set to gain a new competitor next week when Apple will reportedly unveil its streaming platform. Netflix shares have risen slightly in the past week and are up 35 percent this year. They are the best performers of the FANG stocks. Miller Tabak equity strategist Matt Maley said …
Read More »Iran just struck several deals with Iraq, and Washington isn’t happy
Iranian Presidency – Handout | Anadolu Agency | Getty Images Iranian President Hassan Rouhani is welcomed by Iraqi Prime Minister Adil Abdulmehdi (R) at Iraqi Prime Ministry Palace in Baghdad, Iraq on March 11, 2019. Iranian president Hassan Rouhani has returned from his first-ever trip to Iraq with a raft …
Read More »Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’
Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. …
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