S&P 500 closes in an official ‘death cross,’ a chart pattern that could signal more pain ahead
The chart of the S&P 500 Index is flashing a warning of more selling ahead. A pattern, called the ‘death cross,’ appeared on the chart on Friday as stocks plunged. The S&P 500’s average price of the last 50 days,...
Citigroup needs to slash bonuses, do ‘whatever it takes’ to cut costs: Wells Fargo analyst
Citigroup needs to do “whatever it takes” to cut costs to meet its efficiency target for the year, Wells Fargo analyst Mike Mayo told CNBC on Friday. The bank recently warned it will likely fall short of its 2018 efficiency...
Facebook increases stock buyback program by $9 billion
Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission. The social media giant said its board approved the increase on Thursday. In 2017, the board signed off...
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