Home / 2019 / November (page 32)

Monthly Archives: November 2019

Expect more record market highs

The stock market has more evidence to quell fears that a recession could be looming, CNBC’s Jim Cramer said Friday. The major averages all surged about 1% during the session, the same day the October jobs report showed that companies added 128,000 new payrolls. That topped the 75,000 that economists …

Read More »

Ancient treasures go on display in London Tutankhamun exhibition

LONDON (Reuters) – Treasures from the tomb of boy-king Tutankhamun will go on show in London from Saturday as part of what organizers say will be their last world tour before they return to Egypt for good. A woman looks at the objects found in Tutankhamun’s tomb during the media …

Read More »

Uber earnings, Shake Shack earnings and trade updates

Han Myung-Gu | WireImage | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Uber earnings before lockup expires Earnings season continues with ride-hailing company Uber reporting third-quarter earnings after the bell on Monday. Wedbush is expecting Uber to report a …

Read More »

Prosecutors ask for delays in civil cases against JP Morgan until metals criminal case resolved

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a related criminal prosecution involving current and former precious metals …

Read More »

Warren Buffett’s big Berkshire cash puzzle gets more complicated

Berkshire Hathaway’s cash and short-term investments on the balance sheet have grown from roughly $24 billion ten years ago to near-$123 billion as Warren Buffett’s conglomerate gets set to release its latest earnings on Saturday morning. Bloomberg | Bloomberg | Getty Images Earlier this week California Governor Gavin Newsom pulled …

Read More »

Why President Trump’s move from New York to Florida could hit a wall

President Donald Trump addresses the International Association of Chiefs of Police annual convention at the Orange County Convention Center in Orlando, Florida on October 8, 2018. Mandel Ngan | AFP | Getty Images President Donald Trump is making his move to Florida official. His home state of New York may …

Read More »

Exxon says efforts to ban fracking will benefit foreign oil producers

Banning fracking in the United States will aid foreign oil producers at the expense of the American economy, an Exxon executive said Friday. “Any efforts to ban fracking or restrict supply will not remove demand for the resource,” Exxon vice president of investors relations Neil Hansen said on the company’s third quarter earnings …

Read More »

Hasbro just had worst month in 18 years, and chart points to more pain

With Halloween over, a handful of stocks are coming off a major scare. Twitter, Hasbro, Boeing, eBay, Texas Instruments and McDonald’s plummeted in October in some of the worst performances on the S&P 500. In fact, McDonald’s suffered its worst month since 2009 and Hasbro’s had its worst since 2001. …

Read More »

Surprise gain in October jobs reinforces Fed’s plan to pause rate cuts

Chipotle restaurant workers fill orders for customers in Miami. Getty Images The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines. The economy added 128,000 jobs in October, despite the negative …

Read More »

Here’s where the jobs are for October 2019 — in one chart

The October 2019 employment report showed U.S. companies collectively added way more jobs than expected during the month, as robust gains in leisure and hospitality and persistent strength in health care offset expected softness in manufacturing. The government reported Friday that payrolls increased by 128,000, easily besting the 75,000 estimate …

Read More »