S&P cuts Turkey credit rating deeper into junk territory
Standard & Poor’s took Turkey’s sovereign debt rating even lower on Friday. S&P had already rated Turkey’s bonds as “junk,” but on Friday lowered the the long-term foreign currency sovereign credit rating one notch to a “B+” and the long-term...
US stocks are again headed for new highs while rest of the world’s stock market struggles
The U.S. stock market is well on its way to better-than-average gains this year, but a quick glance at overseas markets reveals a more sobering story. Global stock markets are having a tough 2018. While the S&P 500 is up...
Morgan Stanley cuts its profits estimates for General Motors because of its exposure to China
Morgan Stanley’s outlook on General Motors shares has dimmed due to the escalating trade war between the U.S. and China. The firm reduced its price target to $46 from $50 for General Motors shares and cut its 2018 earnings per...
Tesla shares are getting slammed after Elon Musk’s off-kilter interview with the NYT
Shares of Tesla tumbled as much as 8.9 percent Friday after a New York Times feature outlined some serious struggles for CEO Elon Musk. The electric car maker’s stock was on pace for its worst day since March 27, when...
Tesla stock has its worst day in two years after Elon Musk’s off-kilter interview with the NYT
Shares of Tesla had their worst day in two years Friday after a New York Times feature outlined some serious struggles for CEO Elon Musk. The electric car maker’s stock closed 8.9 percent lower, its poorest performance since June of...
Your first trade for Friday, August 177
The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the iShares 20+ Year Treasury Bond Karen Finerman was a buyer of Macy’s David Seaburg was a buyer of Nvidia Dan Nathan...
Wall Street still loves Nvidia despite warning about cryptocurrency revenue
Analysts are optimistic about Nvidia’s growth due to a new product cycle even as a key market falters. Nvidia shares closed down 4.9 percent Friday, a day after it reported better-than-expected fiscal second-quarter earnings on Thursday. The company gave sales...
White House’s Kudlow says China looks ‘terrible.’ Numbers paint a murkier picture
White House economic advisor Larry Kudlow says China’s economy looks “terrible,” and that investment there is “collapsing.” But the data show a more complicated picture. “I’m not a China expert, although I’m boning up as fast as I can, I...
Crypto hedge fund Pantera on track to raise $175 million despite bitcoin’s price slump
Silicon Valley is still finding plenty of reasons, and money, to pour into the cryptocurrency industry. Despite bitcoin slumping by half this year, crypto hedge fund Pantera Capital is well on its way to hitting a $175 million target for...
Stocks making the biggest moves after hours: JWN, NVDA and more
Check out the companies making headlines after the bell: Shares of Nordstrom surged 11 percent after the company reported quarterly earnings and revenue that easily beat expectations. The retailer posted a quarterly profit of 95 cents a share on $4.07...
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Trading education
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