Category: Top News

There’s an interesting debate going on in the markets now: Has this year’s rally in stocks been all about tax reform and the rest of the Trump trade, or is something bigger at work? The market is up big this year, so it’s worthwhile to know whether the wind is at investors’ backs or if […]

The Russian government used antivirus software from the private Russian company Kaspersky to steal classified U.S. data, according to several recent reports. The revelations, following months of vague warnings from U.S. officials, suggest that the U.S. has “direct evidence that there are ways to remote into Kaspersky and pull data back without the user’s intention,” David Kennedy, a […]

The third quarter may not be a blowout like the most recent earnings season, but it is still seen as a reason to be bullish   The U.S. stock market has been in a seemingly endless uptrend, and there is reason to think that won’t end anytime soon, as the next big trading catalyst should […]

With interest rates near zero for so many years and the slow pace of the Fed’s normalization policy, the central bank is low on dry powder to stimulate the economy during the next downturn, according to Peter Schiff.   Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn’t pleased with the Federal Reserve’s […]

A coalition of left-leaning states and environmental groups are vowing to fight the Trump administration’s move to kill an Obama-era effort to limit carbon emissions from coal-fired power plants. Speaking Monday in the coal-mining state of Kentucky, Environmental Protection Agency Administrator Scott Pruitt said he would be issuing a new set of rules overriding the […]

Rep. Steve Scalise (R-La.), who is recovering from being shot in the hip by a gunman during a congressional baseball practice in June, said Tuesday that the massacre in Las Vegas has “fortified” his stance on gun rights. In an interview with Fox News that aired Tuesday evening, Scalise dismissed calls for gun reform as “wrong” and said […]

Gold and silver bars are seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan, September 30, 2016. REUTERS/Mariya Gordeyeva/File Photo By Apeksha Nair (Reuters) – Gold was mostly unchanged early on Thursday as the dollar held firm on strong U.S. services sector growth, with markets awaiting the key U.S. non-farm payrolls report on Friday. […]

Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to a consortium led by Bain Capital that includes rival Seagate Technology (STX). Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to […]

Here’s one simple lesson to be learned from the initial public offerings of Facebook (FB), Alibaba (BABA), Snap (SNAP) and Square (SQ): Big-buzz IPOs don’t always live up to the hype – at least not at first. Buying a stock right when it has an IPO is a high-risk proposition, regardless of how convincing the hype may seem. Facebook, Alibaba, Snap and Square […]

general motors (GM headquarters in Detroit.Bill Pugliano/Getty Images) • Morgan Stanley continues to press for GM to spin off aspects of its business. • GM has a bad history with spinoffs. • GM owns its current strategy and doesn’t need to follow Wall Street’s lead. At some point in the past five years, Wall Street […]

(Another win for Jamie Dimon and JPMorgan Chase.Reuters) JPMorgan Chase dominates Wall Street investment banking. It’s also the largest US bank by assets and market capitalization. Now, it can add top US bank by deposits to the mantle. For the first time in 23 years, JPMorgan leads US banks in total deposits, according to data released […]