Wall Street ends higher as Dow edges to latest record Wall Street ends higher as Dow edges to latest record: The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in […]
As short sellers target Chinese companies in Hong Kong, hostility mounts As short sellers target Chinese companies in Hong Kong, hostility mounts: Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who […]
Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs: With a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on […]
Strong U.S. jobs report bolsters case for further Fed tightening Strong U.S. jobs report bolsters case for further Fed tightening: U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a […]
Amazon shadow looms large ahead of retail earnings Amazon shadow looms large ahead of retail earnings: As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. So far this quarter, […]
Boingo benefiting from unlimited data plans, bullish about 5G Boingo benefiting from unlimited data plans, bullish about 5G: As one might expect, cellular operators’ unlimited data plans are having a positive impact on Boingo Wireless’ business, with the company reporting another quarter of double-digit revenue growth. And the company’s CEO […]
Nissan Canton union election results are in Nissan Canton union election results are in: Nissan employees have voted to reject the United Auto Workers effort to unionize the Canton plant. The NLRB conducted election tally was 2,244 to 1,307, opposing the UAW. Voting among roughly 3,700 production workers at Nissan […]
Asia stocks edge higher, dollar languishes on U.S. politics, mixed data Asia stocks edge higher, dollar languishes on U.S. politics, mixed data: Asian stocks inched up on Friday after a technology-led drop on Wall Street, while U.S. Treasury yields and the dollar were pressured by news Special Counsel Robert Mueller […]
Strong U.S. jobs report seen in July; wages likely rose Strong U.S. jobs report seen in July; wages likely rose: U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market tightness that could clear the way for the Federal Reserve […]
Stocks slip as Wall Street eases, dovish BoE hits sterling Stocks slip as Wall Street eases, dovish BoE hits sterling: A gauge of world stocks declined as Wall Street dipped on Thursday, although European shares rallied, while sterling hit a nine-month low against the euro after the Bank of England’s […]
