Wednesday, April 17, 2024
After a long upturn, stock market investors got cold water thrown in their face on Monday morning, as comments from President Trump seeking to escalate tariffs against China dashed hopes for a quick resolution to the long-standing trade tensions between the U.S. and its most important source of imports.
KEY POINTS The Federal Reserve’s benchmark interest rate has risen to 2.44%, the highest it’s been since the central bank began raising rates in December 2015.In addition, the funds rate has passed the interest...
Investors had been expecting two straight quarters of negative earnings growth, known as an “earnings recession.”
Facebook said on Wednesday that it expected to be fined up to $5 billion by the Federal Trade Commission for privacy violations, in what would be a record penalty by the agency against a technology company.
KEY POINTS Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum.The investment is contingent on the company completing its proposed takeover of Anadarko Petroleum.Occidental is competing with Chevron to take...
BY JOHN JAGERSON  Updated Apr 26, 2019 Major Moves Microsoft Corporation (MSFT) vaulted into an elite group of stocks today as it crossed the $1 trillion market-cap threshold today. Only Apple Inc....
Microsoft reported third-quarter earnings after the close of trading on Wednesday, and revenue beat estimates.
Tesla hosted its Autonomy Investor Day on Monday to show off technology that the company is developing to make its electric vehicles driverless.
Uptick Newswire Stock Day Podcast welcomed Applied Biosciences Corp. (APPB) (''the Company''), a diversified company focused on multiple areas of the medical, bioceutical and pet health industry.
The S&P 500 and Nasdaq Composite rallied on Tuesday to notch record closing highs as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies. The broad index closed 0.9%...
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