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Monthly Archives: June 2019

Wells Fargo is reportedly struggling to find a new CEO

A flag waves outside of a Wells Fargo bank branch October 3, 2008 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Wells Fargo is struggling to fill its open chief executive officer role, the Wall Street Journal reported Tuesday. Two of the bank’s top candidates …

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Facebook upgraded by Moffett Nathanson who says regulatory risk is priced in, but growth is not

The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Even though shares of Facebook have fallen sharply on headlines about regulatory scrutiny, Moffett Nathanson said the stock’s valuation is attractive given the health of its …

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Stock market closing in on all-time high. Here’s what could clinch it

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), December 27, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images The next big test for the stock market will be whether the major indexes …

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Endgame’ faces as it seeks to dethrone ‘Avatar’

An Avengers fan holds tickets at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. Mike Blake | Reuters After its blockbuster start, some had expected “Avengers: Endgame” would go on to easily dethrone “Avatar” as the …

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Fed ‘insurance’ rate cuts while the economy is fine usually boost the stock market, history shows

A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters When the central bank cuts interest rates as a preventative measure, U.S. equity markets have historically done very well. So-called “insurance ” rate cuts with a backdrop of strong growth — which happened in 1995 and 1998 …

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China devalues its currency and U.S. needs ‘fair playing field’

President Donald Trump speaks to workers at the Cameron LNG (Liquid Natural Gas) Export Facility in Hackberry, Louisiana, May 14, 2019. Leah Millis | Reuters President Donald Trump said China has given itself a “tremendous competitive” advantage by weakening its currency, and the playing field needs to be leveled. Trump, …

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Democrats embrace $15 minimum wage against Trump

U.S. Sen. Bernie Sanders (I-VT) speaks during a rally in front of the Capitol April 26, 2017 in Washington, DC. Alex Wong | Getty Images A 2016 debate question about Hillary Clinton’s support for a $15 per hour minimum wage sparked a spat between the former secretary of State and …

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Google is tech’s top spender on lobbying, but Facebook, Amazon also up

Sundar Pichai, chief executive officer of Google, is sworn in during a House Judiciary Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018. Andrew Harrer | Bloomberg | Getty Images As the biggest U.S. technology companies face increasing scrutiny from regulators related to privacy practices and market control, …

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Airlines vow to improve bag tracking, ease travel for people with disabilities

Passengers’ luggage and passengers are seen during the weather-related cancellation at the John F. Kennedy Airport in New York. Mohammed Elshamy | Anadolu Agency | Getty Images Airlines spend a great deal of time, energy and money competing against each other for your travel dollars and loyalty, even though high …

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These stocks may be winners as the globalization trend reverses

Chris Hutchins, co-founder of financial planning company Grove, has roughly 16 credit cards. Here are just a few. Emma Fierberg | CNBC Make It Swiping a credit card or paying online is one consumer area that may be relatively immune to slowing globalization — or as Morgan Stanley puts it, …

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