Leon Cooperman: Why this bull market isn't over
Hedge fund founder Leon Cooperman said Tuesday he’s been a buyer throughout the recent selloff, and he sees stock markets heading higher.
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What might end the market's 'imperfect storm'?
Was the S&P 500’s 12% drop was just about enough to expend most of the market’s dangerous atmospheric energy?
China imports sink in August, shares rally but volumes dive
China’s imports tumbled in August, raising concerns about the health of the world’s second-largest economy and its contribution to global growth. The data will add to the pressure on Beijing policymakers trying to ensure China’s economy avoids a hard landing, though authorities will take some comfort that their efforts to steady the country’s stock markets were rewarded with a late rally on Tuesday. Much of China’s imports are commodities and
Apple event to focus on new iPhones, Apple TV and Siri
Hey, Siri, what does Apple have in store for us this week? Along with new iPhones, the iconic tech company is expected to show off a new Apple TV system and a bigger role in the home for Siri, its voice-activated …
Fiat Chrysler CEO says pursuing merger with GM a "high priority"
Fiat Chrysler Automobiles (FCA) boss Sergio Marchionne said on Sunday that seeking a tie-up with General Motors was a “high priority” and such a deal would also be the best strategic option for its U.S. rival. GM’s board rebuffed a merger proposal from the Italian-American carmaker earlier this year. “That discussion remains a high priority for FCA,” he told journalists on the sidelines of the Formula One Italian Grand Prix
Microsoft, Amazon video to join Disney's cloud movie service
Studios like Disney, which has made blockbuster films like “Frozen” and Marvel’s “Guardians of the Galaxy,” have been attempting to steer movie fans towards digital purchases as sales of DVDs decline. The collection in Disney Movies Anywhere can be accessed through its new app for the Microsoft Xbox 360 and for Amazon’s Fire tablets, Fire TV and Fire TV Stick.
Ted Cruz to star in government shutdown, the sequel
The sequel to Government Shutdown—the 2013 battle that caused the closing of national parks and museums, cost the U.S. economy $20 billion , and tanked the Republican Party’s popularity—is slated for this fall and will feature the same star: Ted Cruz. The Texas senator, now a Republican presidential candidate, is rallying the faithful behind the same strategy as led to a two-week hiatus of government services in October 2013, when
E*Trade to post quarterly loss on bank-related charges
E*Trade Financial Inc said on Tuesday it expected to post a loss in the current quarter due to a charge related to a restructuring of its bank’s balance sheet. The company said it would eliminate all of the bank’s $4.4 billion of wholesale funding obligations by the end of the quarter.
Tax exemption may be key to move of Keurig's coffee buying to Switzerland
The seller of brewing machines and single-serve coffee pods said nothing about a little-known exemption in the U.S. tax code that for many years has benefited Starbucks Corp and other U.S. companies who trade in some commodities. In internal presentations, Keurig said the move was aimed at expanding into the European market and gaining access to Switzerland’s talent pool of coffee traders, one source familiar with the transition told Reuters.
China trade shrinks in latest sign of economic weakness
Chinese exports and imports contracted in August in the latest sign of weakness for the world’s second-biggest economy. Customs data posted online Tuesday showed that shipments of goods last month shrank …