After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading session on Monday. Despite the choppy trading, the Dow and the S&P 500 managed to reach new record intraday highs.
Amid President Donald Trump's repeated warnings about the threats posed by leaking information to the media, White House Press Secretary Sean Spicer is reportedly cracking down on members of his own staff.
Spicer held a meeting with about a dozen of his communications staffers last week to express...
After initially moving to the downside, stocks have regained some ground over the course of morning trading on Monday. The major averages have climbed off their lows of the session and are now lingering near the unchanged line.
Women's specialty-clothing retailer J. Jill Inc. said it has launched an initial public offering of 11.67 million shares of its common stock. All shares are being sold by an existing stockholder and J. Jill will not receive any proceeds from the offering.
Pending home sales in the U.S. unexpectedly plunged to their lowest level in a year in the month of January, according to a report released by the National Association of Realtors on Monday. NAR said its pending home sales index tumbled by 2.8 percent to 106.4 in January.
Long queues at peak dining hours at Wendy's may be a history, as the company is planning to introduce automated self ordering kiosks at its more than 1000 retail locations by this year end. The automation will also help in cutting labor costs.
Canadian music retail chain Sunrise Records said it plans to take over 70 retail spaces in Canada being vacated by HMV Canada, the industry's largest retailer. The new brick and mortar locations are in malls across Canada. However, Sunrise's expansion comes as people are increasingly shifting to streaming options for music and videos rather than buying tangible, touchable albums.
After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Monday showing a rebound in durable goods orders in the month of January. The report said durable goods orders surged up by 1.8 percent in January after falling by a revised 0.8 percent in December.
Stocks may move to the downside in early trading on Monday following the strength seen in the previous week. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 17 points.
This stock comes on our radar on the merit of its upbeat quarterly results. We believe the company has solid growth potential, as it expands through accretive acquisitions. In the next few-months, we see the stock touching new highs, and expect at least 20% upside from current levels.
"Moonlight," the coming-of-age drama directed by Barry Jenkins, won the best picture Oscar 2017 award defeating strong favorite "La La Land" after a shocking mix-up in the announcement at the 89th Academy Awards Sunday night. At first, "La La Land" which won six trophies including best director and actress, was incorrectly declared the best film by Warren Beatty and Faye Dunaway. However,in the m
Trading in the U.S. index futures suggests that Wall Street stocks may open lower on Monday's session. The Durable Goods Orders data will be released today and the consensus for a growth of 1.8 percent. President Donald Trump will discuss with a visiting top diplomat from China amid tensions. Asian shares closed in the red, while European share are trading mixed.
European stocks erased early gains to turn mostly lower in the mid-day session on Monday as a planned merger between the London Stock Exchange and Deutsche Bourse hit a roadblock. Brexit worries also weighed as media reports suggested that U.K Prime Minister Theresa May's team is preparing for Scotland to potentially call for an independence referendum in March.
Eurozone economic confidence improved to the highest level in almost six years in February, survey results from the European Commission showed Monday. The economic sentiment index rose marginally to 108.0 in February from 107.9 in January. The reading came in line with expectations and reached its highest level since March 2011, when the score was 108.3.
The month of February saw the FDA approve the second drug for Duchenne muscular dystrophy namely Emflaza. Now, let's take a look at the biotech stocks awaiting FDA decision in March.