Steel workers gear up for strike, potentially derailing Trump’s steel resurgence
President Donald Trump’s U.S. steel resurgence might be thwarted as more workers go on strike. About 15,000 workers at plants owned by ArcelorMittal voted on Tuesday to go on strike as contract disputes drag on, USW International said. “The flexibility...
As investors chase pot stocks rally, some show caution: ‘This is just stupid time’
There is a new mania infecting the stock market: pot stocks. Cannabis-related stocks are soaring as companies and investors are clamoring to get exposure to the burgeoning marijuana-legalization trend. But many veteran traders and investors are cautious on buying pot...
US housing starts rose in August, boosted by a jump in multifamily construction
U.S. homebuilding increased more than expected in August, a positive sign for the housing market which has underperformed the broader economy amid rising interest rates for home loans. Housing starts rose 9.2 percent to a seasonally adjusted annual rate of...
Stocks making the biggest move premarket: TSLA, TLRY, NFLX, ABBV & more
Check out the companies making headlines before the bell: Tesla — The electric car maker said the Justice Department last month requested documents regarding CEO Elon Musk’s tweets in early August about taking the company private. The New York Times...
The Fed has some big decisions to make starting next week
When the Federal Reserve gathers next week, markets likely will be looking past a widely expected rate hike and toward the direction the central bank will chart ahead. A quarter-point increase in the Fed’s benchmark funds rate is already baked...
China’s second-in-command: We’re facing ‘greater difficulties’ in keeping economy stable
As U.S.-China trade tensions are escalating, Chinese Premier Li Keqiang said Wednesday his government is able to help the domestic economy withstand challenges. “China is confronted with a host of difficulties and challenges in economic development,” Li acknowledged during an...
Retailers could ring up more than $1.1 trillion in holiday sales, topping last year
Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018. “We think most retailers will have a good holiday season if...
Rising US-China trade tensions ‘couldn’t come at a worse time’: Iowa agriculture secretary
American farmers have already been hurt by retaliatory tariffs from the U.S.-China trade war, and the ratcheting of tensions once again is unfortunate and comes at a bad time, according to Iowa Agriculture Secretary Mike Naig. “As we head into...
After-hours buzz: TLRY, FIT & more
Check out the companies making headlines after the bell: Fitbit Inc stock fell nearly 2 percent during post-trading hours. The stock closed up 6.4 percent, after President Donald Trump announced on Monday that the $200 billion tariff on Chinese goods...
Pot stock Aurora says there’s no agreement with Coca-Cola, but the shares are rising anyway
Despite assurances from Canadian marijuana producer Aurora Cannabis that it does not have any formal agreement to partner with a beverage company, its stock rallied Tuesday after it said it talks with drink companies on occasion. As of the latest...
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