Apple and Facebook have a better chance than Amazon of beating earnings expectations
If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well. Bespoke Finance Group studied three FANG-related stocks reporting earnings...
China wants to boost loans to small businesses. Tech companies may be the answer
China’s push to encourage lending to smaller companies has created a business opportunity for large financial technology companies. As Beijing struggles to balance a crackdown on high debt levels with maintaining growth, President Xi Jinping and Premier Li Keqiang have...
PG&E rallies after investors offer it a $4 billion alternative plan to avoid Chapter 11
PG&E shares rose sharply Monday after Bloomberg News reported that an investor group has offered the company a $4 billion alternative plan that would help the embattled utility avoid bankruptcy. Bloomberg also reported that activist hedge fund Elliott Management is...
The shutdown cost the economy $11 billion – including a permanent $3 billion loss, government says
The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report, which was released Monday, estimated a...
Dick Bove: Banks gave $152 billion back to shareholders with little to show for it
Approximately 21 of the nation’s largest banks have reported their earnings in the past two weeks. In aggregate, these 21 companies posted 2018 earnings of $154.6 billion. The common equity of these companies grew by a net $2.4 billion over...
Kamala Harris’ complicated history with Wall Street will come under scrutiny in the 2020 race
Sen. Kamala Harris’ history with Wall Street and the banking industry is about to come under scrutiny in a big way as the California Democrat joins what is expected to be large group of candidates seeking to topple President Donald...
If the S&P 500 breaks through this level, Bank of America predicts it’ll spark a sustainable rally
Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are...
Apple, Microsoft and Amazon could drive the market in the next wave of earnings
The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week...
CEOs step up help for government workers, raise pressure on Washington to end impasse
Companies are stepping up their relief efforts for the 800,000 federal workers who have just marked their second missed paycheck. J.P. Morgan Chase, the largest U.S. bank by assets, said Friday that it would donate $1 million to charities to...
Head of the group that calls recessions says the government shutdown won’t cause one
The government shutdown, which entered Day 35 on Friday, won’t cause an economic recession, because it began so close to the start of the first quarter of 2019, said James Poterba, president of the National Bureau of Economic Research, which...
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