Friday began on an upbeat note for the stock market, as investors put the summit between the U.S. and North Korea behind them and instead focused on the increasingly likely resolution of trade disputes with China as a positive catalyst.
Tesla CEO says cutting retail staff will make up for smaller price tag, but also pulls back on profit projections while promising to hire more mechanics
You might have heard analysts and investors saying the U.S. stock market is in the “late innings” of the bull cycle.
Optimism over a potential trade deal between the two largest economies in the world is helping to support markets on both sides of the Pacific Ocean with stocks in China rallying along with their peers in the U.S.
The stock market has rebounded from a dreadful December, and investors are keying in on President Donald Trump’s nationally televised address late Tuesday for indications of any fresh jolt to the economy and their wallets.
US stocks closed sharply higher on Monday, powered by late-day buying in the tech world and a recovery in oil prices.
U.S. stocks gained after Federal Reserve officials announced they would keep benchmark interest rates unchanged and signaled flexibility in their policy normalization path forward.
WASHINGTON (Reuters) - White House Chief of Staff John Kelly will leave his job at the end of this year, U.S. President Donald Trump said on Saturday, marking the biggest in a string of changes one month after Republicans lost control of the House of Representatives in midterm elections.
(Reuters) - U.S. stock index futures fell more than 1.5 percent on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
(Reuters) - U.S. stocks fell on Tuesday, driven by Pfizer's discouraging results, tumbling oil prices and growing fears that tariffs and inflation could weigh on corporate profits.
(Reuters) - Wall Street was higher on Tuesday, building on strong gains from the previous session on waning fears of a trade war between the United States and China.
Rhetoric rather than economics could be the main driver of sentiment in the week ahead, as investors watch further developments amid a brewing trade war between the U.S. and China.
(Reuters) - U.S. stock fell sharply at the open on Thursday as technology stocks slumped on fears of increased regulations in the wake of Facebook Inc's (O:FB) data privacy issues, while the United States' plan to impose tariffs on China stoked fears of a trade war.
Wall Street was flat on Wednesday as investors looked ahead to the interest rate decision from the Federal Reserve and fall off from the Facebook (NASDAQ:FB) data leak weighed on technology stocks.
(Reuters) - U.S. stock index futures dropped on Monday, with reports of Facebook's user data being misused weighing on social media stocks and investors bracing for signals from the Federal Reserve for the future path of interest rate hikes.
Since MoviePass slashed the price of its monthly subscription from $30 to $10 a week ago, the movie-theater subscription service has seen such an influx of new members that it has struggled to keep up with demand.
It was good while it lasted.
Almost seven months to the day President Donald Trump took office, his “Make America Great Again” agenda has been eclipsed by political turmoil that is threatening to unravel a record-breaking rally in stocks.
Back in 2016, shares of DryShips inexplicably soared from less than $5 per share to more than $100 per share for no company specific reason. The stock was then halted by the Nasdaq stock exchange under a "T12" halt code, which is a request for information from the company and is typically associated with unusual trading activity.
On Wednesday, Digiliti was halted under a similar "T12" code after gaining more than 400 percent in value in a few short hours. This time, there's an actual reason for such a big move.
The nano-cap technology solutions and services provider to the financial services industry said Monday it may need to restate previously reported financial results and is actively reviewing strategic options including a Chapter 11 bankruptcy or a sale of the company.
Urban FT, a SaaS-based digital banking platform, said in a press release Wednesday morning it has made a bid to acquire the troubled Digiliti.
"The Board of Urban FT contacted the Digiliti Money chairman with a bona fide, all-cash purchase offer that would enable the company to continue to serve its customers and stave off potential bankruptcy proceedings," Urban FT said. "The acquisition, if accepted, would be funded, through Morgan Stanley, on behalf of Urban FT's principal investor."
The stock was halted at $1.05 per share.
Helios and Matheson Analytics Inc. (HMNY) announced today that is has entered into a definitive agreement to acquire a majority stake of movie subscription technology company MoviePass Inc. HMNY’s innovative growth strategy through the expansion into industries with opportunities for big data and artificial intelligence innovations seeks to increase shareholder value.
“They are thinking twice because risk-off means buying yen, but Japan is too close from a geopolitical perspective,” said Kyoya Okazawa, head of global markets for BNP Paribas in Japan. As such, short-yen positioning could be capping the currency Tuesday, he added.