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Monthly Archives: June 2019

Mexico tariffs will drive stock market into correction this summer

Semi-trucks cross the border at the Zaragoza International Bridge, in Juarez, Mexico, across the border from El Paso, Texas on May 31, 2019. Paul Ratje | AFP | Getty Images In a “two front trade war” the market may find correction territory, according to RBC Capital Markets. In an escalated …

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Tesla chart has gotten so bad, it’s good, technical analyst says

It might be time for investors to take Tesla for a spin. That’s according to Cornerstone Macro technical analyst Carter Worth, who sees the stock making a U-turn after hitting its lowest level in more than three years. Shares of the electric automaker have fallen 43% this year as the …

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Wall Street analysts doubt feds will split big tech

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC A group of Wall Street analysts are flagging the risk of more regulatory scrutiny for big technology companies. But for the most part, they have doubts that Facebook, Amazon or Google-parent company Alphabet would really get broken up. In notes …

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Beyond Meat’s stock pops on report that meatless companies are struggling to meet demand

Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Shares of meat alternative company Beyond Meat rose more than 6% on Tuesday, after the Wall Street Journal reported that plant-based …

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Joe Biden calls on financiers to raise up to $100,000 to join committee

Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden speaks during a campaign stop in Philadelphia, Pennsylvania, U.S., May 18, 2019. Mark Makela | Reuters If you want to be a member of the national finance committee for Joe Biden’s 2020 presidential campaign, be prepared to raise up …

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You can buy Jedi robes at Star Wars Galaxy’s Edge, but can’t wear them

Guests visiting Star Wars: Galaxy’s Edge at Disneyland Park in Anaheim, California, and at Disney’s Hollywood Studios in Lake Buena Vista, Florida, will be able to wander the lively marketplace of Black Spire Outpost and encounter a robust collection of merchant shops and stalls filled with authentic Star Wars creations. …

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Goldman Sachs says these companies have the most to lose from Mexico tariffs

Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images The market, already in turmoil amid the U.S.-China trade war, was hit by another bombshell last week — President Donald Trump’s threat to slap tariffs …

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Prosecutors say J&J ran ‘deceitful’ brainwashing campaign’ in opioid trial

OxyContin 80 mg pills. Liz O. Baylen | Getty Images Oklahoma state prosecutors blasted Johnson & Johnson and other opioid manufacturers in the first day of a landmark opioid trial Tuesday, saying they ran a “deceitful, multibillion-dollar brainwashing campaign” that led to more than 46,000 deaths in the state over …

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JP Morgan sees 10-year falling to 1.75% as trade tensions push Fed cut

J.P. Morgan Chase strategists cut their forecast for the benchmark 10-year Treasury yield to 1.75% at year-end, after President Donald Trump’s threat of tariffs on Mexico prompted fears that the economy will weaken further and the Fed will have to cut rates this year. The firm’s prior forecast had been …

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The drugs with biggest price surge are for erectile dysfunction: study

Pfizer Inc.’s Viagra medication Daniel Acker | Bloomberg | Getty Images The prescription drugs that have seen the most rapid growth in cost in the U.S. don’t treat depression, cholesterol or even autoimmune diseases. Blockbuster male libido treatments Viagra and Cialis saw the biggest price hikes among the 17 top-selling …

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