Crude oil prices have remained relatively calm since their 25 percent late-August spike thanks to U.S. dollar weakness and reduced expectations of Fed rate hikes. As a result, many investors are wondering if the bottom is in for crude oil and energy stocks and whether it’s a good time to look for bargains. Ever since warning about the oil bust in June 2014, I have also been trying to determine
We’re now hearing more talk of an “earnings recession,” with plenty of confusion and disagreement over what it means.
U.S. housing starts rose more than expected in September on soaring demand for rental apartments, a sign that the housing market continues to steadily improve even as economic growth has slowed. Groundbreaking increased 6.5 percent to a seasonally adjusted annual pace of 1.21 million units, the Commerce Department said on Tuesday. It was the sixth straight month that starts remained above 1 million units, pointing to a sustainable housing recovery.
China’s official data show economic growth slowing but skeptics say the downturn is much deeper than Beijing admits. The latest data Tuesday showed growth in the world’s No. 2 economy eased to a six-year …
Yum’s shares rose 4.6 percent in premarket trading. Yum China will operate as a publicly traded company and become a franchisee of Yum Brands in mainland China, paying the parent a percentage of its sales for exclusive rights to three of the company’s brands – KFC, Pizza Hut and Taco Bell. The split will allow Yum Brands to focus on reenergizing its stagnating business in the United States as well
U.S. stock index futures indicated a sharply lower open on Tuesday, ahead of a deluge of third-quarter earnings as China fears continued to weigh on investor sentiment.
The largest U.S. wireless service provider has been facing stiff competition from companies such as T-Mobile US Inc and Sprint Corp, who have been offering massive discounts on call and data plans. Apple launched the iPhone 6S and 6S Plus in September, triggering heavy promotional activity in the telecoms industry towards the end of the third quarter. Verizon shares rose about 2 percent in premarket trading on Tuesday.
Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the start-up said on Tuesday, as the U.S. search giant tries to rebuild its presence in China. The size of Google’s investment was not disclosed. Google’s parent company is now named Alphabet Inc (GOOGL.O).
Donald Trump likes to boast about his enormous wealth and how he doesn’t need anyone else’s money to pay for his presidential campaign. That hasn’t stopped tens of thousands of people from chipping in …
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