Ex-Bank of America exec claims wrongful termination, defamation and seeks at least $20 million
It began as an ordinary night for six Bank of America employees, who were out to celebrate the holidays. In mid-December, the members of the firm’s prime brokerage — a division that caters to hedge funds — had gathered at...
Dick Bove: Trump will eventually clash with the Federal Reserve, turning monetary policy into a political activity
Washington and the nation are very focused on the fact that Supreme Court Justice Anthony Kennedy has resigned, leaving the high court vulnerable to ideological change. Not really focused upon as much is an offhand remark made by Larry Kudlow,...
A cybersecurity fund has returned more than 30 percent since the Equifax data breach
As the rest of the stock market has struggled on heightened trade rhetoric and many big technology companies have faced regulatory scrutiny over data privacy issues, one subsector of that industry has been on fire: cybersecurity. One of the cybersecurity...
Trump knocks Harley-Davidson again, says administration working to bring other motorcycle companies to the US
President Donald Trump is blasting Harley-Davidson again for announcing it’s shifting some operations overseas in the wake of retaliatory EU tariffs against U.S. duties. Trump said Tuesday that his administration is talking with other motorcycle companies about moving to the...
PepsiCo gets downgraded by Deutsche Bank due to rising ‘cost inflation’
PepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers...
Your first trade for July 3, 2018
The “Fast Money” traders shared their first moves for the market open. Carter Worth was a buyer of Johnson & Johnson Dan Nathan was a buyer of JD.com Steve Grasso was a buyer of Avis Budget Group Tim Seymour was...
Roku shares jump on Oppenheimer upgrade
Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on Monday upgraded shares of the Los Gatos, California-based pay TV...
Investor Mark Mobius sees opportunities after trade fears hit emerging markets
Emerging markets have sold off on trade war fears, and for noted investor Mark Mobius that means it could be time to buy. “There is concern about these markets and what’s happening. But what a lot of people forget is...
After-hours buzz: MLHR, ACXM & more
Check out the companies making headlines after the bell: Herman Miller stock surged more than 11 percent in extended trading. The furniture company reported fourth-quarter earnings of 66 cents a share, besting analyst estimates for 58 cents a share. Herman...
What a full out trade war would cost the global economy
A full-blown trade war would punch a hole in global economic growth because of reduced trade volume, supply chain disruptions, and lost confidence. Quantifying just how much damage an entrenched trade battle could wreak upon the international community is a...
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