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JIM WATSON | AFP | Getty Images US President Donald Trump (L) looks up as he sits beside China’s President Xi Jinping (R) during a tour of the Forbidden City in Beijing on November 8, 2017. U.S. President Donald Trump and Chinese President Xi Jinping’s tariff ceasefire agreement over the weekend …
Read More »Monthly Archives: December 2018
Stocks plunge may have been a too fearful reaction to trade, economic worries
After sharp gains in the past week amid hopes for a trade deal, stocks fell back into correction mode Tuesday, plunging on worries the trade talks could fail and that global growth is slowing. But some strategists said the selling, which took the Dow down as much as 800 points …
Read More »Stocks making the biggest moves after hours: Hewlett Packard Enterprise, Marvell Technology and more
Michael Nagle | Bloomberg | Getty Images Pedestrians walk past Hewlett Packard Enterprise signage displayed outside of the New York Stock Exchange. Check out the companies making headlines after the bell: Hewlett Packard Enterprise shares rose as much as 1 percent after its fourth-quarter earnings report beat analysts’ estimates. The …
Read More »Apple buys TV show from NBA superstar Kevin Durant
Getty Images Kevin Durant #35 of the Golden State Warriors defends against LeBron James of the Cleveland Cavaliers in Game 2 of the 2018 NBA Finals at ORACLE Arena on June 3, 2018 in Oakland, California. Kevin Durant’s “Swagger” is headed to Apple. Apple has greenlit a new television drama …
Read More »Bank stocks fall the most in more than a year, enter bear market
Andrew Harrer | Bloomberg | Getty Images A pedestrian walks past a PNC Bank branch in Washington, D.C. Regional banks dipped into bear market territory Tuesday as long-term interest rates sank amid concerns of waning economic activity and falling inflation expectations. Shares of SunTrust, Citizens Financial Group, Fifth Third Bancorp …
Read More »The housing market is cooling and Toll outlook shows luxury hit hard
Daniel Acker | Bloomberg | Getty Images A contractor stacks roofing materials while working on a home under construction at the Toll Brothers Bowes Creek Country Club community in Elgin, Illinois. The heat in housing demand is cooling across the nation and across most price points, but luxury is really …
Read More »Apple CEO Tim Cook, at ADL, says hate has no place on tech platforms
Justin Sullivan | Getty Images Apple CEO Tim Cook speaks during the 2018 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 4, 2018 in San Jose, California. Apple CEO Tim Cook delivered a message to white supremacists in a speech in front of the Anti-Defamation …
Read More »UPS, FedEx shares fall after Morgan Stanley highlights ‘Amazon Air’
Johan Nilsson | AFP | Getty Images Cargo aircrafts from UPS, FedEx and West Air Europe are parked at Cargo City at Arlanda airport in Stockholm. Shares of both FedEx and UPS headed toward a bear market in Tuesday trading after Morgan Stanley said “the market is missing the risk …
Read More »UK spy chief raises questions over China’s 5G rollout
WPA Pool | Getty Images Alex Younger, Chief of MI6, gives a speech at University of St Andrews in Glenrothes, Scotland. The U.K.’s spy chief said that decisions still had to be made on China’s role in building Britain’s 5G network. In a rare public speech, MI6 chief Alex Younger …
Read More »Walgreens, Kroger expand partnership, testing Express grocery shops
Daniel Acker | Bloomberg | Getty Images An employee bags a customer’s purchases at a Kroger Co. store in Peoria, Illinois. Walgreens and Kroger are expanding their partnership by testing a branded Kroger Express grocery section inside the drugstore chain. The two companies announced a partnership in October to sell …
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