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David Paul Morris | Bloomberg | Getty Images Pacific Gas & Electric Co. (PG&E) employees work to fix downed power lines burned by wildfires in this aerial photograph taken above Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017. Check out the companies making headlines after the bell: PG&E shares …
Read More »Trump to meet with team to discuss European auto tariffs: Report
Jabin Botsford | The Washington Post | Getty Images President Donald J. Trump and Jean-Claude Juncker President of the European Commission walk out for a joint statement about how the US will work with the European Union to try and eliminate trade tariffs, in the Rose Garden of the White …
Read More »Swiss Asset Management Company sales on the rise
Sales of Swiss asset management companies are on the rise, especially to foreign investors. 2018 has seen a big year for the sales of Swiss asset management companies. This is partially attributed to the fact that the Swiss asset management license is very versatile, allowing not only for asset management, …
Read More »Shares of electricity provider PG&E plunge as wildfires ravage California
Karl Mondon | Digital First Media | The Mercury News | Getty Images Firefighters begin a back burn against the Camp Fire on Pentz Road south Paradise, Calif., November 8, 2018. Shares of PG&E plunged more than 12 percent on Friday as wildfires continued to rage through California. The decline …
Read More »Here’s what every major analyst said about Disney’s earnings and its new streaming service
Cory Disbrow | Getty Images The Main Street Philharmonic entertains guests at the Magic Kingdom, Walt Disney World, Florida. Disney’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. Shares jumped nearly 3 percent in early …
Read More »Healthcare topped the economy as the biggest issue for voters now, here’s why
Spending on medical care is the highest it has ever been. The United States spends 18.2 percent of gross domestic product on healthcare, up slightly from 2017, according to Statista. That amount has jumped more than 260 percent since 1960, when the U.S. spent 5 percent of GDP on health …
Read More »Wall Street foe Maxine Waters likely to take over House banking panel
David A. Grogan | CNBC Congresswoman Maxine Waters speaking at the CNBC Capital Exchange event in Washington, D.C. on July 25th, 2018. A fierce Trump critic and Wall Street foe appears poised to take control of the House’s powerful financial services committee. Rep. Maxine Waters has been the top Democrat …
Read More »Stock futures fall as midterm election results begin to roll in
Mark Wilson | Getty Images News | Getty Images The U.S. Capitol is shown on October 5, 2018 in Washington, DC. Later today the U.S. Senate will proceed with a cloture vote for Supreme Court Justice nominee Brett Kavanaugh which could could pave the way for a final vote on …
Read More »Charts suggest stocks will rip higher into 2019
A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections. According to J.P. Morgan’s Jason Hunter, investors could be on the cusp of solid gains following the October correction. “We feel comfortable thinking this is a late-cycle correction and not a …
Read More »Midterm elections are not always positive for the stock market
A lot has been written recently about how U.S. stocks usually perform well after the midterm elections. But a deeper dive into the data shows the post-midterms rally hinges on the majority party maintaining control of the House. Data compiled by Fundstrat Global Advisors showed the median stock market return …
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