Finance

Daniel Acker | Bloomberg | Getty Images Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Shares of Clorox fell nearly 6 percent on Thursday after Morgan Stanley downgraded the stock, noting the company is face strong headwinds. Dara Mohsenian, an analyst at the investment …

“The lower shipments suggest that Apple’s Greater China revenues should be at the very least a significant drag on our overall estimate of 18 percent iPhone revenue growth in the second fiscal quarter,” Kvaal added. His earnings per share estimate for Apple’s second fiscal quarter of $2.69 is below the …

The so-called smart money has recently started to bail on the stock market at the end of the trading day, a leading indicator the bull run may be over. Jack Ablin, chief investment officer at Cresset Wealth, explains: The Smart Money Index (SMI) takes the first half hour of trading, …

The United States steel sector has reached “the end of the line” despite efforts by the Trump administration to revive the industry, UBS told clients on Tuesday, advising investors it may be time to ditch the metal stocks. U.S. steel prices should decline 17 percent through the end of 2019, …

Paul Morigi | Getty Images Marjory Stoneman Douglas High School student David Hogg speaks onstage at March For Our Lives on March 24, 2018 in Washington, DC. One of Parkland, Fla.’s most prominent student activists on stopping gun violence has called for a boycott of Vanguard and BlackRock, two of …

Henry Nicholls | Reuters Alexander Nix, CEO of Cambridge Analytica, center, arrives at the offices of Cambridge Analytica in central London, Britain, March 20, 2018. Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse …

The blockchain technology underlying bitcoin could hurt Swiss banks the most, according to Moody’s Investors Service. “While making cross-border transactions faster and less expensive would be credit positive for banks, these efficiencies could also compress their fees and commissions, a credit negative,” Moody’s said in a report Monday. In that …

Getty Images A Quarter Pounder hamburger is served at a McDonald’s restaurant on March 30, 2017 in Effingham, Illinois. McDonald’s announced today that it will start making the burger with fresh beef patties instead of the frozen beef that it currently uses. Investors shouldn’t get used to McDonald’s recent strong …

Bank of America reported Monday better-than-expected results for the first quarter of the year, driven by strong loan growth and lower taxes. Here’s how the bank fared compared to Wall Street expectations: —Earnings: 62 cents per share vs. 59 cents expected by Thomson Reuters—Revenue: $23.1 billion vs. $23.059 billion forecast—Net …

Fred Dufour | AFP | Getty Images General view of the Central Business District (CBD) in Beijing on April 11, 2018. China’s central government-owned firms should strictly control debt investments and high-risk businesses in global operations, the country’s state assets regulator said on Monday. Centrally-owned firms have cut 16 million …