Chinese telecom giants Huawei and ZTE face market pressures amid US scrutiny
U.S. pressure on Chinese telecom equipment giants Huawei and ZTE is causing immediate challenges for the companies in financial markets. This week, Huawei abruptly called off a planned sale of 500 million euros ($606 million) in five-year debt despite high...
February’s sell-off saw investors yank the most money from US stocks in a decade
Investors pulled the most money out of U.S. stocks in February since the early days of the financial crisis. Outflows from U.S. equity mutual funds and exchange-traded funds totaled $41.3 billion in February, according to the Investment Company Institute. That’s...
A strong economy and big boost in profits still can’t make investors happy
First-quarter indicators showed that while the economy has yet to roar due to all the recent fiscal stimulus, it’s at least starting to purr. Friday’s GDP report, for one, painted a somewhat positive picture. The 2.3 percent growth rate may...
Charter plummets nearly 12% on big subscriber losses, drags cable stocks down
Shares of Charter Communications tumbled 11.7 percent on Friday after the company reported a bigger-than-expected loss of video subscribers for the previous quarter. The company reported a loss of 122,000 video subscribers for the first quarter. Analysts polled by StreetAccount...
Protests grip South Africa as introduction of minimum income dubbed ‘poverty wage’ is delayed
Disagreement over a proposed minimum wage in South Africa has led to mass protests and reassurances from the presidency this week. President Cyril Ramaphosa met with officials from the labor ministry on Thurday, following protests the previous day that mobilized...
Reversal Patterns: Don’t Miss a Key Reversal Day, or Week, on the Charts
Talking points: – GBPUSD has tumbled this week, with fundamental analysts pointing to Friday’s poor UK first-quarter economic growth data as an important contributor. – However, technical analysts should have seen it coming after a key reversal week on the...
Don’t Miss a Key Reversal Day, or a Key Reversal Week, on the Charts
Talking points: – GBPUSD has tumbled this week, with fundamental analysts pointing to Friday’s poor UK first-quarter economic growth data as an important contributor. – However, technical analysts should have seen it coming after a key reversal week on the...
Here’s what all the major Wall Street analysts had to say about Amazon’s earnings
Amazon reported stellar quarterly figures, sending the stock surging 8 percent on Friday. Many Wall Street analysts were bullish for reasons beyond retail, underscoring how strong Amazon’s advertising business was in the quarter, as well as the sharp increase in...
Expedia shares rocket higher on first-quarter jump in bookings
Shares of Expedia took off Friday after the company reported better-than-expected quarterly sales and a sharp increase in booking volume. The online travel agent’s stock rose 8 percent, trading near $115 as of 12:18 p.m. ET Friday. The company reported...
Dollar Rally Exhausted after Multiple Boosts this Week, Sterling and Euro Tumbled on GDP Misses
Dollar’s rally seem to be a bit exhausted in early US session. After all, the greenback was lifted firstly by yield earlier this week, then by ECB yesterday. Additional buying jumped in after French GDP miss and than UK GDP...