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Monthly Archives: June 2018

Tech and consumer discretionary nearly tied as S&P leader this year

It’s a close race this year between Wall Street’s best-performing sectors: technology and consumer discretionary. Craig Johnson, chief market technician at Piper Jaffray, says one sector takes the lead. “The winning horse at this point in time is still the technology sector and we would continue to be betting on …

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Tech investors need to be innovative

Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. Tech is a no brainer for investors. But a simple investment theme for the sector is being badly executed. Investors are …

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Democratic lawmaker challenges Pruitt

Getty Images EPA Administrator Scott Pruitt speaks at the Faith and Freedom Coalition Road to Majority Policy Conference, at the Omni Shoreham Hotel, on June 8, 2018 in Washington, DC. Environmental Protection Agency emails show that Administrator Scott Pruitt’s top aides were told to review public records releases under the …

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After-hours buzz: RH, PLAY and more

Timothy Fadek | Bloomberg | Getty Images Customers play skee ball at a Dave & Buster’s Entertainment location in Pelham, New York. Check out the companies making headlines after the bell: Shares of Restoration Hardware climbed more than 20 percent after the bell, after the luxury home furnishings company reported …

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Italy refuses to accept migrant rescue ship in standoff with Malta

Search and rescue ship, the MV Aquarius, operated by SOS Méditerranée and Médecins Sans Frontières. Italy’s deputy prime minister claimed “victory” over a decision to refuse the docking of a migrant rescue ship carrying 629 people. The Spanish Prime Minister Pedro Sanchez said Monday afternoon that his country would give …

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Tesla stock rallies after Musk promises ‘full self-driving’

Visual China Group | Getty Images Tesla Chairman and CEO Elon Musk addresses discusses self-driving features for the Model S in Beijing, China. Tesla stock rallied as much as 5 percent on Monday after CEO Elon Musk made several promises to customers over the weekend. Among other things, Musk promised …

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Kroger recalls fresh fruit over possible Salmonella contamination

Luke Sharrett | Bloomberg | Getty Images Customers shop the produce aisle at a Kroger grocery store in Louisville, Kentucky. Kroger is removing some of its fresh fruit products from shelves in its stores following a spate of illnesses. The Cincinnati-based retailer withdrew pre-cut cantaloupe, watermelon and melon mixes from …

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White House economic advisor Larry Kudlow suffers heart attack

Getty Images Larry Kudlow, Director of the National Economic Council, speaks to reporters outside the White House April 4, 2018 in Washington, DC. White House economic advisor Larry Kudlow, an important voice in U.S. trade policy, suffered a heart attack and is in good condition at Walter Reed Medical Center. …

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Justify wins Triple Crown at Belmont Stakes

Brian Spurlock | USA TODAY Sports | Reuters Mike Smith aboard Justify crosses the finish line to win the 144th running of the Kentucky Derby at Churchill Downs, May 5, 2018. Justify won the Belmont Stakes in New York on Saturday to claim U.S. thoroughbred racing’s Triple Crown, becoming just …

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Concerns rise that Trump won’t press Kim Jong Un to immediately surrender nukes

Olivier Douliery | Pool | Getty Images US President Donald Trump speaks with Kim Yong Chol, outside the Oval Office of the White House on June 1, 2018. Immediate denuclearization has long been Washington’s stated goal on nuclear diplomacy with Pyongyang. But now that President Donald Trump has noticeably softened …

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