The market’s two-month hot start to 2019 could mean more gains ahead, history shows
Stocks rocketed higher in the first two months of the year. If history is any indication, equities are primed for further gains moving forward. Data compiled by LPL Financial show the S&P 500 has posted gains in the final 10...
Atlanta Fed’s closely watched GDP tracker shows next to no growth for first quarter
The Atlanta Fed’s GDPNow initial model estimate shows negligible growth for the first quarter of just 0.3 percent. The Atlanta Fed noted Friday that the 2.6 percent estimate on Thursday of fourth-quarter real GDP growth was slightly above the forecast...
Stocks making the biggest moves midday: Gap, Tesla, L Brands & more
Check out the companies making headlines midday Friday: Tesla — Shares of Tesla fell 7.58 percent after the company’s underwhelming announcement that it will be launching its standard Model 3. Barclays analyst Brian Johnson even called it the “un-iPhone moment.”...
Otto Warmbier’s parents blame Kim Jong Un for son’s death, push back on Trump
The parents of Otto Warmbier, who died of injuries sustained in prison in North Korea, issued a stinging rebuke to President Donald Trump for saying he believed North Korean leader Kim Jong Un’s claim that he was unaware of the...
ISM manufacturing index hits lowest level since November 2016
U.S. manufacturing activity expanded at a slower-than-expected pace last month and reached its lowest level in more than two years, according to data released Friday. The ISM Manufacturing Index slipped to 54.2 in February from 56.6 in January, the Institute...
Wells Fargo officials make record $240 million settlement over bogus accounts
Wells Fargo officials have reached a record $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts. The settlement disclosed late on Thursday requires insurers for 20 current and former Wells Fargo...
HBO boss Richard Plepler wanted more autonomy at AT&T, and his departure is an ominous sign
AT&T spent more than $85 billion to acquire Time Warner and its crown jewel, HBO. Now, just two days after the U.S. government finally gave up its pursuit to block the deal, HBO’s CEO Richard Plepler is resigning. According to...
Ex-Fed’s Dudley: Wall Street should stop blaming the central bank every time stocks drop
William Dudley, former New York Fed president, has a message for Wall Street: Stop blaming the central bank when the stock market declines. Dudley, who retired in June 2018, said Thursday on CNBC that the Federal Reserve’s actions have become...
Larry Kudlow says US-China trade deal talks made ‘fantastic’ progress last week
National Economic Council Director Larry Kudlow said Thursday that trade talks between the U.S. and China are going great, noting the two countries are making “fantastic” progress in meetings last week. “Last week was fantastic,” Kudlow told CNBC’s “Squawk on...
Your first trade for Thursday, February 28
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of British Petroleum. Tim Seymour was a buyer of United Continental. Steve Grasso was a buyer of Norwegian Cruise Line. Guy Adami was...
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