EU News Digest Latest News & Updates
The first quarter is on track to be the best in nearly 10 years, and the best start to the year for the S&P 500 since 1998. While it’s not likely to repeat those gains, analysts say the second quarter could be good for stocks even with some bumps. The …
Read More »Monthly Archives: March 2019
Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
Bill Pugliano | Getty Images Fiat Chrysler Automobiles, Chrysler Group headquarters Fiat Chrysler said on Thursday it will eliminate one shift at its Windsor, Ontario, assembly plant where it builds minivans, resulting in the loss of 1,500 jobs. The Italian-American automaker said in a statement the elimination of a shift, …
Read More »Wells Fargo, RH and more
Erin Scott | Reuters Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” in Washington, March 12, 2019. Check out the companies making headlines after the bell: Shares of Wells Fargo jumped more …
Read More »Morgan Stanley’s No. 2 Colm Kelleher to retire, according to memo
Pete Marovich | Bloomberg | Getty Images Colm Kelleher, president of Morgan Stanley. Morgan Stanley’s Chief Operating Officer Colm Kelleher is retiring, according to a company memo. Kelleher, who joined Morgan Stanley in 1989, will officially step down June 30. After that, the heads of major businesses that reported to …
Read More »Trump to fund Special Olympics, overrides Betsy DeVos’ planned cuts
Jim Young | Reuters President Donald Trump speaks to the press before departing the South Lawn at the White House in Washington, December 7, 2018. President Donald Trump on Thursday said he had “overridden” proposed cuts to the U.S. government’s funding of the Special Olympics, telling reporters at the White …
Read More »Boeing 737 Max problems ‘aren’t going to change the industry’
Jason Redmond | AFP | Getty Images Employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington on March 27, 2019. The grounding of Boeing’s best-selling plane following two fatal crashes won’t “change the industry,” Berkshire Hathaway founder and CEO Warren Buffett said Thursday. Buffett’s …
Read More »Trump will see cheaper gas, but not because of his tweet: Tom Kloza
The energy expert who predicted the 2015 crude collapse is taking on President Donald Trump’s latest oil tweet. Tom Kloza, the Oil Price Information Service’s global head of energy analysis, believes the real motivation behind Trump’s tweet isn’t oil — it’s rising gasoline prices. RBOB gasoline futures are surging 42 …
Read More »US lawsuit filed against Boeing over Ethiopian Airlines crash
Tiksa Negeri | Reuters Search workers carry a tyre at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. A lawsuit against Boeing was filed in U.S. federal court on Thursday in what appeared to …
Read More »These stocks could be the biggest winners and losers next quarter if the economy is in trouble
As the first quarter comes to an end, the bond market is calling for a recession for the first time in more than a decade, leaving investors scrambling to figure out what to buy and sell. If history is any guide, there’s a pattern in the stock market to follow. …
Read More »Cory Booker lines up support in the financial industry to help him raise cash for 2020
Sen. Cory Booker, D-N.J., is dipping into his pool of financial industry donors as he looks for a fundraising edge in the early goings of the 2020 presidential race. Investment executive Marc Spilker and businessman George Tsunis are among the growing number of financiers looking to help Booker at the …
Read More »