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What It's Like To Be The Youngest Woman Equity Trader In The New York Stock Exchange
 
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Lauren Simmons, an equity trader for Rosenblatt Securities, is the youngest woman to be a full-time broker in the New York Stock Exchange. She's only the second African-American female broker in the Exchange's 226-year history. According to a 2017 study by Stanford University, men comprise 75% of the wealth management field and fill more than 80% of leadership roles. ------------------------------------------------------ #StockExchange #LarenSimmons #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Subscribe to our channel and visit us at: https://read.bi/7XqUHI BI on Facebook: https://read.bi/2xOcEcj BI on Instagram: https://read.bi/2Q2D29T BI on Twitter: https://read.bi/2xCnzGF -------------------------------------------------- What It's Like To Be The Youngest Woman Equity Trader In The New York Stock Exchange
Views: 401016 Business Insider
How The Stock Exchange Works (For Dummies)
 
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Why are there stocks at all? Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl! Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science. We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :) We're a bunch of Information designers from munich, visit us on facebook or behance to say hi! https://www.facebook.com/Kurzgesagt https://www.behance.net/kurzgesagt How the Stock Exchange works Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
NYSE vs NASDAQ - who has more "mega cap" listings?
 
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The two biggest stock exchanges in the world, in terms of total market capitalization value of the shares listed, are the New York Stock Exchange (NYSE) and the NASDAQ. But which of these two stock exchanges has the highest number of “mega caps”? Take your guess and find out in this Finance Storyteller video. Historically, the NYSE has always had the largest total market capitalization of companies listed, while the NASDAQ allows a far larger number of companies to be listed, particularly those that may be too small to meet the requirements of the NYSE. The NASDAQ also has far lower listing fees than the NYSE. What are “mega cap” companies? Well, these are the Big Dogs! A “mega cap” is a company with a market capitalization exceeding $100 billion, some would even say exceeding $200 billion. Let’s take a look at a subset of the top 25 companies in the world in terms of market capitalization, in the middle of May 2017. 15 out of these 25 companies have their primary listing in the US, so on either the NYSE or NASDAQ. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
LIVE - Floor of the NYSE! Apr. 5, 2019 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday retail sales for February fell .2% compared to the prior month’s .7% gain. The PMI manufacturing index for March fell .6 point to 52.4 and the ISM manufacturing index for March rose 1.1 points to 55.3. Construction spending for February rose 1%. Markets rose sharply on the strong manufacturing data released both here and in China with the Dow Industrials finishing 329 points higher. On Tuesday durable goods orders for February declined 1.6%, compared to the prior month’s .1% gain. Markets lost ground after some disappointing earnings from Walgreens. On Wednesday the ADP employment report for March saw gains of 129,000, while the ISM non-manufacturing index for March fell 3.6 points to 56.1. The EIA petroleum status report for the week ending March 29th saw crude oil inventory increase 7.2 million barrels. Markets rose slightly on reports that U.S.-China trade talks have made progress and most major conflicts have been resolved. On Thursday jobless claims for the week ending March 30th fell 10,000 to 202,000, lower than expected. Stocks continued to rise, the dollar gained strength, and 10-year Treasuries yielded 2.52%. On Friday nonfarm payrolls for March rebounded after a dismal February coming in at 196,000, higher than expectations, unemployment remained the same at 3.8% and average hourly earnings rose a tame .1%. Markets opened higher on the news. Now let’s take a look at some stocks. Walgreens Boots Alliance, Inc. (NASDAQ: WBA) reported its second quarter financial results on Tuesday before market open. Walgreens missed analysts’ estimates, sending shares 10% lower. The company reported earnings of $1.64 per share on revenue of $34.5 billion, 8 cents per share lower than expectations. In addition, same-store sales dropped by 3.8% in the U.S. Walgreens now expects its 2019 earnings to be roughly flat, compared to its previous growth of 7-12%. GameStop Corp. (NYSE: GME) reported its fourth quarter financial results after the market close on Tuesday, with shares plummeting over 12% after missing estimates. Additionally, GameStop said it would not provide any annual earnings guidance. The company earned $1.45 per share on revenue of $3.1 billion, with earnings falling short of expectations by 13 cents per share. GameStop saw its total global sales fall by 7.6% year-over-year, however, comparable store sales rose by 1.4%. For fiscal 2019, GameStop is expecting total sales to decline between 5-10%. Delta Air Lines (NYSE: DAL) shares rose by 7% on Tuesday after the airline renewed its partnership with American Express (NYSE: AXP) for its Delta SkyMiles credit card. The partnership will continue until the end of 2029, and is expected to be contribute an additional $7 billion of revenue to Delta by 2023. Delta reported that in 2018 it added 1 million new cardholders, while card spending increased by double digits. Tesla, Inc. (NASDAQ: TSLA) shares plunged by 10% on Wednesday after the electric vehicle manufacturer reported disappointing delivery numbers. Tesla announced that it delivered 63,000 vehicles in the quarter, which is a 110% increase year-over-year, but a 31% decline sequentially. Analysts had expected Tesla to deliver 76,000 vehicles in the quarter. Office Depot, Inc. (NASDAQ: ODP) issued a warning for its preliminary financial results for its first quarter. The disappointing guidance sent shares tumbling over 23% on Thursday. The office and school supply retailer expects revenue of approximately $2.8 billion and adjusted operating income of $65 million. Office Depot said the lower than expected operating performance is due to its CompuCom division experiencing lower than expected revenue from its existing customers. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 240 FinancialBuzzMedia
Jumia listed on New York Stock Exchange
 
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Online trading company Jumia is seeking to use its listing on the New York Stock Exchange to grow its business across Africa. Jumia Kenya Chief Executive Officer Sam Chapatte says the firm will be looking to work more with Kenyan firms in offering a wide range of products and services. Jumia which is active in fourteen African countries, officially listed on the New York Stock Exchange on Friday last week. Citizen TV is Kenya's leading television station commanding an audience reach of over 60% and in its over 12 years of existence as a pioneer brand for the Royal Media Services (RMS), it has set footprints across the country leaving no region uncovered. This is your ideal channel for the latest and breaking news, top stories, politics, business, sports, lifestyle and entertainment from Kenya and around the world. Follow us: http://citizentv.co.ke https://twitter.com/citizentvkenya https://www.facebook.com/Citizentvkenya https://plus.google.com/+CitizenTVKenya https://instagram.com/citizentvkenya
Views: 495 Kenya CitizenTV
October 30, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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October 30, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, new home sales for September surprised on the downside, falling 11.5% to 468,000 units. Markets didn’t do much as investors waited for the results of the latest Fed meeting on Wednesday. On Tuesday, durable goods orders for September fell slightly more than expected, with new orders down 1.2%. The Case-Shiller home price index for August showed increases of .1% month-over-month and 5.1% year-over-year. On Wednesday, the Fed finished its meeting and announced they would not increase interest rates. The pace of job gains was described as slowing and the unemployment rate was no longer declining, but holding steady. However, the Fed still left open a window for the possibility of raising rates in December, if inflation increases and job gains continue. Markets rallied strongly with the Dow Jones Industrials closing up 198 points. On Thursday, the third quarter GDP was released, increasing at a 1.5% annualized rate, down from the second quarter’s 3.9%. Excess inventory accumulation contributed to the slowdown, however, consumer spending is still strong. Jobless claims for the week ending October 24th were 260,000, only up 1,000 from the prior week. Markets didn’t move much on the news. On Friday, personal income for September was up .1% and consumer spending was also up .1%. The PCE price index was down .1%. Markets opened unchanged on the news. Now let’s take a look at some stocks. GoPro Inc. (NASDAQ:GPRO) shares fell 16% Thursday morning after its 3rd quarter earnings disappointed. Sales of the company’s Hero4 Session missed the companies own expectations, and investors expressed concerns about the company’s ability to innovate. Comcast Corporation (NASDAQ:CMCSA) showed impressive performance this quarter, despite major concerns regarding the cable industry. Investors were worried about a growing number of cord cutters as well as a growing number of alternative services, like Netflix. Comcast’s high-speed internet business also showed strong gains, with business services revenue jumping 19.5% to $1.2 billion. Apple Inc. (NASDAQ:AAPL) reported strong fiscal fourth quarter revenue growth of 22%, with iPhone and iWatch sales surpassing expectations. Shares jumped more than 4% by Wednesday’s close. Investors are eyeing Apple Pay and Apple Music as major future revenue drivers. GrubHub Inc. (NYSE:GRUB) shares collapsed more than 29% on Tuesday after 3rd quarter earnings on disappointing growth. At 8 cents per share, earnings were flat compared to the same year-ago period. Revenue grew 38% to nearly $86 million, from $62 million in the third quarter of 2014. While this sounds impressive, the reported numbers were at the lower end of analysts’ expectations. Alibaba Group Holding Ltd (NYSE:BABA) impressed investors in the midst of struggling economic growth in China. The company had 346 million monthly average users on mobile devices in the third quarter, up 59 percent from a year earlier. The e-commerce company is increasing its revenue by tailoring its advertising opportunities for merchants. Shares jumped 4.1% by Tuesday’s close. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 19720 FinancialBuzzMedia
April 10, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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April 10, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, stocks rallied on reduced fears of rate hikes from the Fed after last week’s extremely disappointing jobs report. William Dudley, President of the New York Fed, expressed his concerns stating it will be important to monitor developments to determine if the labor market is slowing or if this is temporary. Any interest rate increases are likely to be slow. The Institute for Supply Management said its services index fell to 56.5 in March down slightly from February, and in line with economists’ expectations. On Tuesday, markets declined slightly but didn’t do much as traders awaited for Wednesday’s Fed minutes to be released. On Wednesday, the minutes came out and showed a split by policy makers over when to raise rates, but still very dovish overall. The Dow rose slightly on the news, however, the Nasdaq Composite showed strong gains due to a biotech rally. On Thursday, Jobless claims for the week ending April 4 were released, increasing 14,000 to 281,000 and energy had a solid rally as crude oil increased slightly. On Friday, import prices for March were down .3% month to month and 10.5% year over year. At the open, stock rallied modestly on recent strength of the dollar. Now let’s take a look at some stocks: Tesla Motors Inc. (NASDAQ: TSLA) shares surged this week following a report showing that the electric vehicle manufacturer reported a record number of car deliveries during its first quarter, delivering 10,030 vehicles, beating forecasts by 530. Tesla also announced that they will be upgrading their Model S sedan by putting in a better battery, and all-wheel drive system. UniQure N.V. (NASDAQ: QURE) shares increased by more than 55% Monday after Bristol-Myers Squibb agreed to collaborate with the Dutch biotech company, and will be buying a 4.9% stake for approximately $32 million. Herbalife Ltd. (NYSE: HLF) shares lagged Monday following reports on Sunday that federal law enforcement agencies contacted the top 10 Herbalife sellers for information regarding their business practices. Names and the investigating agencies remain undisclosed. FedEx Corporation (NYSE: FDX) shares shot up Tuesday after the company announced that they will be acquiring Dutch delivery firm TNT Express for $4.8 billion in order to expand their operations further into Europe. FedEx made an all-cash offer of 8 euros per share to TNT Express, a 33% premium relative to April 2nd’s closing price. Royal Dutch Shell plc (NYSE: RDS) shares slumped on Wednesday after the petroleum giant announced that they will acquire oil and gas exploration firm BG Group in a deal worth approximately $70 billion. The acquisition will form the world’s largest independent producer of liquefied natural gas and will increase the company’s oil and gas reserves by 25%. April 10, 2015 Weekly Stock Market Wrap-up: Tesla Motors Inc. (NASDAQ: TSLA) UniQure N.V. (NASDAQ: QURE) Herbalife Ltd. (NYSE: HLF) FedEx Corporation (NYSE: FDX) Royal Dutch Shell plc (NYSE: RDS) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 23405 FinancialBuzzMedia
July 2, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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July 2, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 This was a short trading week, due to the holiday Friday. During the past weekend, China’s central bank cut its benchmark lending rate by 25 basis points, the fourth reduction since November, in an effort to stimulate the economy. However, Greece dominated headlines for most of the week. Unable to find a compromise with creditors over debt repayment before the Tuesday deadline, the Greek government called for a referendum this Sunday. The referendum will ask voters to decide if they want to implement strict austerity measures and remain a part of the euro zone, or if they wish to exit and become independent. Fearing a run on financial institutions, Greece’s banks and main stock exchange were closed for the week, while banks placed a 60 Euro limit on withdrawals from cash machines. On Monday the pending home sales index for May was up .9%, pointing to continued strength in the housing sector. Markets closed the day down dramatically, with the Dow Industrials losing 350 points, or almost 2%. On Tuesday, the Case-Shiller home price index was up .3% month-to-month for April. Consumer Confidence was the bright spot, coming in at 101.4 for June, up over 7% and at some of its highest levels of the recovery. On Wednesday, the ADP employment report for June was 237,000, up 34,000, stronger than expected, and the ISM manufacturing index for June was 53.5, up from the prior month’s 52.8. Construction spending for May was up .8%, after the prior month’s 2.2% increase. The Dow Industrials closed up 138 points on the strong employment report, as well as optimism that Greece will start to have successful negotiations after the referendum. On Thursday, Jobless claims for the week ending June 27th were up 10,000 to 281,000. Nonfarm payrolls for June were 223,000, down from the prior month’s 280,000 and below expectations. The unemployment rate decreased .2% to 5.3%. Markets were slightly higher on the news. Now let’s take a look at some stocks. General Electric Company(NYSE:GE) shares dropped at the start of the week and continued to lag following the announcement that the company has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet- financing business to Element Financial for $6.9 billion. The announcement was coupled with a tentative agreement to sell their European fleet segment to Arval. Juno Therapeutics Inc(NASDAQ:JUNO)shares shot up on Tuesday from $46 to $59 after biotech giant Celgene said they will be investing $1 billion. Celgene is looking to gain access to Juno’s current cancer treatment pipeline. The agreement will ensure Celgene a 10% stake in Juno and the rights to market the company’s therapies. McCormick & Company, Incorporated(NYSE:MKC), the spice manufacturer, saw its stock fall by as much as 3% on Wednesday despite 2nd quarter earnings beating estimates. McCormick reported a profit of $0.75 per share against analysts’ forecasts of $0.68 per share. However, the company also said profit in the third quarter will be less than a year ago due to higher marketing expenses and unfavorable foreign currency exchange rates. Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 8637 FinancialBuzzMedia
July 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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July 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, there wasn’t much economic news, however, earnings season is in full gear, and markets were up slightly on good earnings reports. NASDAQ closed the day at a record high. On Tuesday, earnings were again the main focus, and even though they were generally quite good, disappointing results from IBM and United Technologies drove markets down. On Wednesday, oil futures fell below $50/barrel and existing home sales for June were released and were up a strong 3.2% to 5.49 million units annually, on top of the prior month’s 4.5% gain. These are some of the strongest sales levels in over eight years. Markets ended the day down on disappointing results from tech stocks. On Thursday, jobless claims for the week ending July 18th were down a stunning 26,000 to 255,000, the lowest level since 1973. Markets, however, closed the day down, mostly due to lackluster earnings reports. On Friday, new home sales for June unexpectedly fell 6.8% to an annualized pace of 482,000 units. Stocks opened mixed and then drifted lower. Now let’s take a look at some stocks Lockheed Martin Corporation shares are trading higher this week after the weapons manufacturing company reported a better-than-expected rise in their second quarter profit and raised their 2015 earnings forecast. At the same time, Lockheed Martin also announced that they will be acquiring Black Hawk helicopter manufacturer, Sikorsky, from United Technologies Corp for $9 billion. Chipotle Mexican Grill’s stock soared to a new 52-week-high of $734.50 after the restaurant chain released their second quarter earnings on Tuesday. Chipotle reported earnings of $4.45 per share, slightly above analysts’ forecasts of $4.43 per share. Revenue also increased by 14.1% to $1.2 billion while net income increased by a whopping 27% to $140 million. The Home Depot, Inc. saw its stock rally on Wednesday and Thursday after the home improvement store chain announced they will be acquiring Interline Brands for $1.6 billion. Home Depot is looking to expand their market sales to professional contractors and builders with the acquisition. The deal is expected to be finalized by the upcoming third quarter. Sony Corporation shares spiked up by almost $1 on Thursday, to $29.30, after the company announced they will be entering the drone market by collaborating with ZMP, Inc., a Japanese robot and autopilot technology developer. The new business will be catered towards enterprise needs and customers. The drones will be performing tasks like measuring, surveying, observing, and inspecting among other operations. Sony’s drones are expected to be available for sale in 2016. Nokia Corporation attracted some attention following announcements that high-end German car manufacturers, Audi, BMW and Mercedes are currently negotiating with Nokia to acquire their mapping business, Nokia Here. The three German car manufacturers want to use Nokia’s technology within their self-driving vehicles. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 11670 FinancialBuzzMedia
July 10, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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July 10, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 Over the past weekend, Greece voters shot down a referendum that would agree to international creditors’ demands for more austerity reforms and Greek banks remained closed all week. China’s attempt to stabilize the Shanghai stock exchange yielded results as the Shanghai composite closed up over 2%. On Monday, energy stocks suffered as crude oil dropped more than 7%, with the Dow Industrials falling below its 200-day moving average. The ISM non-manufacturing index for June improved to 56 from the previous month’s 55.7, which was the lowest number in more than a year. On Tuesday, the U.S. trade deficit widened to $41.9 billion, in line with expectations, however, the strong dollar reduced exports. Greece also promised new economic reform, in an attempt to keep negotiations with creditors alive. On Wednesday, trading at the New York Stock Exchange was suspended over 3.5 hours due to technical problems, and were resolved without further incident. In addition the Federal Reserve’s minutes from its last meeting were released. Although some members wanted a rate hike, most wanted more employment growth and increased inflationary pressure before raising rates. On Thursday, jobless claims for the week ending July 4th were up 15,000 to 297,000 and Greece also submitted another proposal for reforms. On Friday, early morning news showed that the Shanghai Composite Rallied 5.8%, it's best session since 2009, and response to Greece's new proposal was enthusiastic. Markets were up strongly at the start of trading. Let’s take a look at some stocks. Humana Inc., the country’s second largest provider of private Medicare insurance, saw its shares rise slightly this Monday to $190 before trickling back down throughout the week after competitor Aetna Inc. offered to buy the company for $37 billion, or approximately $230 per share. If the acquisition is approved, it would form the largest provider of Medicare in the sector. GoPro, Inc. shares rallied slightly following the Monday release of their smallest camera to date, the Hero4 Session. According to company reports, the Session is about 50% smaller and 35% lighter than their previous Hero4 models. Company CEO Nick Woodman also expressed that the company will be expanding into the virtual reality market this August with a camera that works with Google’s virtual reality technology. DepoMed Inc. shares spiked from $20 to $28 this Tuesday after Horizon Pharma offered a hostile $3 billion bid to acquire the company along with its debt, following a rejected proposal that was made last May. Horizon is offering $29.25 per share of DepoMed, a staggering premium of 42% relative to Monday’s price. Tesla Motors, Inc. stock plummeted this week before rebounding slightly on Thursday after receiving downgrades from Deutsche Bank and Pacific Crest Securities. Both firms feel Tesla’s share price has grown enough to fully reflect the company’s foreseeable opportunities. Walgreens Boots Alliance, Inc., the country’s largest pharmacy chain, shot up to $90 from $86 after they reported a better-than-expected third quarter profit. Walgreens reported earnings of $1.02 per share while analysts predicted earnings of only $0.87 per share. Full-year guidance was raised from $3.70 to $3.80 per share. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 7795 FinancialBuzzMedia
April 2, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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April 2, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 U.S. stocks rallied to start the 4-day trading week. The Dow jumped 260 points on Monday and the S&P closed 1 percent higher, thanks to encouraging talk of stimulus in Asia. Personal income in February was in-line with market consensus, posting a gain of 0.4 percent; Consumer spending picked up 0.1 percent. Pending homes sales jumped 3.1 percent, driven primarily by sales in the West and Midwest regions. But the party was over on Tuesday as the Dow dropped triple digits, with healthcare sector falling the most in the final trading day in the first quarter. Investors are realizing that the economic conditions are challenging. It's hard to see how the U.S. is going to raise interest rates in the face of global weakness. On Wednesday markets spent a second day in the red; ISM for March posted 51.5, the lowest level on this indicator since last May. Construction spending fell 0.1 percent in February, for a second straight month of decline. March ADP Employment Report came in very soft at 189,000, below forecasts. Crude oil climbed back to $50 a barrel, as negotiations over Iran's nuclear program are heading into double overtime. Negotiators missed a deadline on Iran's nuclear talks that might bring more supply to the market. Oil prices rallied for the first time in four days following a weekly U.S. inventory report that turned out to be less than some had feared. On Thursday stocks traded higher; Initial jobless claims fell very sharply, down 20,000 to 268,000. Factory orders showed an increase of 0.2 percent. The U.S. trade balance for February sharply narrowed on lower oil prices. Now some company highlights: GoDaddy (NYSE: GDDY) the web hosting service best known for its outrageous TV ads, went public on Wednesday with drastically different views for the company’s prospects. But investors had to be pretty happy with how the stocks performed on the first day: it popped over 30% in its debut on the NYSE. But there are still doubters, much of the analysis talked about how GoDaddy’s IPO went to pay off some of the company’s mounting debt. UnitedHealth Group (NYSE: UNH) will spend $12 billion to buy a pharmacy benefits firm Catamaran, saying it is trying to control the rising costs of prescription drugs. UnitedHealth plans to merge Catamaran to fulfill more than one billion prescriptions. The deal will help the company increase its profits about 5% in 2016. It took eight months after first asking, but Amazon (NASDAQ: AMZN) finally got the go-ahead from the FAA to begin the research of their Prime Air program. But the e-commerce giant still has a long way to go before it can use the friendly skies to deliver goods, while facing concerns over public safety and privacy. April 2, 2015 Weekly Stock Market Wrap-up: GoDaddy (NYSE: GDDY) UnitedHealth Group (NYSE: UNH) Amazon (NASDAQ: AMZN) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 11306 FinancialBuzzMedia
LIVE - Floor of the NYSE! Dec. 7, 2018 Financial News - Business News - Stock News - Market News
 
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Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday the PMI manufacturing index for November dropped .4 points to 55.3 but the ISM manufacturing index rose 1.6 points to 59.3. Construction spending for October declined .1 %. At the G20 summit, President Trump and China’s President Xi agreed to a 90 day trade truce and to keep tariffs at the current level, instead of raising them in January. However, for the first time since 2007 the yield on three and five year U.S. Treasury notes inverted. Historically, when short term rates rise to higher levels than longer terms, the risk of a recession is high. Nevertheless, markets rose strongly with the Dow Industrials closing up 287 points. On Tuesday motor vehicle sales for November increased by 100,000 to an annualized rate of 17.4 million units. In a kind of delayed reaction to the prior day’s news of an inverted yield curve, markets tanked with the Dow Industrials losing 799 points, the S&P 500 declining 3.2% and the Nasdaq Composite dropping 3.8%. On Wednesday markets were closed for observance of the death of former president George Bush. On Thursday the ADP employment report for November came in at 179,000 vs 225,000 for the prior month. Jobless claims for the week ending December 1st fell by 4,000 to 231,000 while factory orders for October decreased by 2.1%. Nonfarm productivity for the third quarter rose 2.3% while unit labor costs rose .9%, and the ISM non-manufacturing index for November rose .4 points to 60.7. The EIA petroleum status report for the week ending November 30th saw crude oil inventory decrease 7.3 million barrels. Markets initially fell sharply on news that a top executive of the Chinese telecom equipment maker Huawei was arrested in Canada and faces extradition to the U.S. Later, the Wall Street Journal reported that the Federal Reserve is considering easing up on rate hikes after December and this sparked a rally. The Dow Industrials ended up closing 79 points lower. On Friday non-farm payrolls for November rose 155,000 compared to the prior month’s 237,000 gain and lower than expectations. The unemployment rate remained unchanged at 3.7% and average hourly earnings rose .2%. Markets opened higher on the news, but then turned sharply lower. Now let’s take a look at some stocks. Tesaro, Inc. (NASDAQ: TSRO) shares rallied on Monday after GlaxoSmithKline plc announced it will acquire Tesaro for $5.1 billion. GlaxoSmith desires to strengthen its pharmaceutical business, accelerating the build of its pipeline and commercial capability in oncology. Tesaro shares surged almost 59% on the news. Tribune Media Company (NYSE: TRCO) shares rose on Monday by 9.9% after Nexstar Media Group agreed to acquire Tribune. Nexstar will acquire all outstanding shares of Tribune for $46.50 per share in a cash transaction valued at $6.4 billion. Nexstar will also assume all of Tribune’s outstanding debt. Cronos Group Inc. (NASDAQ: CRON) shares jumped as high as 31% intraday on Monday after the company confirmed reports that it is in talks with Altria about a potential investment. Cronos said that no agreement has been reached and that there is no assurance it will happen. Movado Group, Inc. (NYSE: MOV) shares surged by almost 15% on Tuesday after the company topped its third quarter financial results. For the quarter, Movado reported earnings per share of $1.18 on sales of $208 million. Analysts had forecast earnings per share of $1.12 on sales of $205 million. Lululemon Athletica Inc. (NASDAQ: LULU) reported its third quarter financial results after market close on Thursday, earning 75 cents per share on revenue of $747 million. The company topped analysts’ estimates in both earnings and revenue, however, shares still dropped 4.9% after reporting. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 19686 FinancialBuzzMedia
April 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:47
April 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, no economic numbers were released, so markets trended downward as everyone waited for the beginning of earnings season. On Tuesday, the producer price index for March rose .2% month to month, up from -.5%, and in line with expectations. Retail sales for March rose .9%, up from -.5%, and slightly below expectations. Markets were mixed, however, energy stocks rallied as crude oil rose nearly 3% to a little over $53 a barrel after forecasters predicted a decline in U.S. shale production. On Wednesday, industrial production for March declined .6%, compared to a .1% increase in February. In addition, the Empire State manufacturing survey for April showed a contraction reading of -1.19, only the second negative reading in the last 23 months. Crude oil continued rising, closing at over $56 a barrel, and this prompted a rally, with the Nasdaq closing above 5,000. On Thursday, housing starts for March were up 2%, disappointing analysts, and jobless claims for the week ending April 11th were up 12,000 to 294,000, higher than expected. On Friday, the consumer price index for March was up .2%, mostly due to higher energy costs. However, news of Greece having debt paying issues, and China's regulators implementing stricter margin regulations, cause a steep drop in markets. Now let’s take a look at some stocks. Mylan (NASDAQ: MYL) shares slumped while shares of Perrigo gained early this week following the news that Mylan, a pharmaceutical company specializing in generic drugs, made a $28.9 billion offer to acquire rival Perrigo. JPMorgan Chase & Co. (NYSE: JPM) shares spiked Tuesday to almost $63, following the release of their first quarter earnings showing a 12% increase in profit. JPMorgan’s net income increased to $5.91 billion on earnings of $1.45 per share, ahead of forecasts of $1.41 per share. The company reported increases in profits across all business units; investment banking up 12%, trading for fixed income, currencies and commodities up 5%, consumer banking up 12% and commercial banking up 1%. Nokia Corporation (NYSE: NOK) and Alcatel-Lucent Alcatel-Lucent (NYSE: ALU) stocks tumbled on Wednesday, after Nokia announced that they will be acquiring the French technology company in an all-stock deal that values Alcatel-Lucent at $16.6 billion. The combined company will have more than 114,000 employees and will be the second largest company in the mobile equipment industry. Citigroup Inc. (NYSE: C) shares made headlines on Thursday, gaining more than 1.5%, after releasing a first quarter earnings report showing the largest earnings the bank has seen in nearly eight years. Operating expenses decreased more than 10% while various business units’ revenue increased. Citigroup’s revenue for the first quarter came in at $19.7 billion or $1.51 per share while analysts forecasted earnings of only $1.39 per share. Netflix, Inc. (NASDAQ: NFLX) stock increased over 18% Thursday, and reached a new 52-week high, after the video streaming company released their first quarter financials, revealing major growth in their subscriber base. They had 4.9 million new subscribers, nearly a million more than what analysts expected. Netflix also reported an increase in revenue of 31%, year-over-year, to $1.4 billion. April 17, 2015 Weekly Stock Market Wrap-up: Mylan (NASDAQ: MYL) JPMorgan Chase & Co. (NYSE: JPM) Nokia Corporation (NYSE: NOK) Alcatel-Lucent (NYSE: ALU) Citigroup Inc. (NYSE: C) Netflix, Inc. (NASDAQ: NFLX) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 9385 FinancialBuzzMedia
July 31, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:59
July 31, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, China’s stock market was back in the news with the Shanghai Composite dropping nearly 8.5%, its largest one-day loss since 2007. This, along with China’s weakening economy caused U.S. investors to worry that China’s slowdown could spread to the rest of the globe. Also on Monday, durable goods orders for June were up 3.4%, slightly higher than expected, and much better than the prior month’s 2.1% decline. Stocks closed the day strongly down, with the Dow Industrials losing almost 127 points. On Tuesday, China’s stock market stabilized ending the day down 1.7%, easing downward pressure on U.S. markets. The Case-Shiller home price index for May was down .2%, surprisingly weak. However, markets rallied strongly, ending the day with the Dow Industrials up almost 190 points. On Wednesday, the Federal Reserve concluded its meeting and kept rates unchanged. The statement the Fed released had very few changes from the previous meeting, however, economists still think the first rate hike in nine years will occur this year. The pending home sales index fell 1.8% in June, after rising .6% in May. Markets closed the day with a solid rally with the Dow Industrials up 121 points. On Thursday, the second quarter GDP was released, showing an increase of 2.3%, compared to the first quarter’s .6% gain. Jobless claims for the week ending July 25th were 267,000, still considered very good, however, up from the previous week’s 42 year low of 255,000. On Friday, the employment cost index for the second quarter rose .2%, the smallest increase in 33 years, and below expectations, pointing to little wage pressure and perhaps delaying the Fed’s desire to raise rates. Markets opened mixed on the news. Now let’s take a look at some stocks. Teva Pharmaceuticals and Allergan PLC both hit new 52-week-highs this week after Teva agreed to acquire Allergan’s generic drug business for $40.5 billion. The combined company is projected to have revenue of approximately $26 billion, earnings of $9.5 billion, and experience a tax savings of $1.4 billion. Fiat Chrysler Automobiles shares dropped 4% Monday to $14.54, after the car manufacturer received a record fine of $105 million from the National Highway Traffic Safety Administration due to violations of the Motor Vehicle Safety act. The fine includes a $70 million cash payment, $20 million more to improve Fiat Chrysler’s recall process, and an additional $15 million payable if further violations are discovered. McGraw Hill Financial, Inc. shares plummeted on Monday before beginning a slight rebound mid-Tuesday after the company announced it has agreed to buy SNL Financial LC for $2.2 billion. McGraw Hill Financial says the transaction will further develop and expand their data and analytics services. The acquisition is expected to close by the upcoming third quarter. Nike Inc. stock rallied this week after the company settled a lawsuit regarding the Nike FuelBand, claiming that the fitness tracker cannot accurately track the users’ steps and calories. Nike has agreed to give partial refunds or gift cards to consumers who have bought the FuelBand within the past 3.5 years. Further contributing to Nike’s rally was a price target increase from $122 to $129 by analysts at Jefferies. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 10106 FinancialBuzzMedia
November 27, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:46
November 27, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the PMI manufacturing flash index for November declined 1.4 points to 52.6, however, still above 50 indicating monthly growth. Existing home sales for October were down 3.4% to an annualized rate of 5.36 million. On Tuesday, news of the downing of a Russian warplane by Turkey sent markets lower, but they rebounded by the end of the day. Third quarter GDP was revised up .6% to 2.1%. Consumer confidence for November dropped sharply to 90.4, losing 8.7 points from the prior month, and below analysts’ expectations. On Wednesday, durable goods orders for October were up 3%, compared to the prior month’s 1.2% decline. Personal income for October was up .4%, on top of the prior month’s .1% gain, consumer spending was up .1%, the same as the prior month, and the PCE price index for inflation was up .1%. New home sales for October were up 10.7% to 495,000 units annualized. Jobless claims for the week ending November 21stfell 12,000 to 260,000. On Thursday, markets were closed for Thanksgiving, and Friday was a half-day, with trading ending at 1pm. Friday morning stocks traded mostly lower as oil prices drifted down and investors evaluated Black Friday shopping results. Now let’s take a look at some stocks. Pfizer Inc. (NYSE:PFE) announced that it would buy the Botox maker Allergan PLC for $160 billion. Allergan’s headquarters are located in Ireland, and will become the headquarters for the newly merged company. The international merger will also help Pfizer to cut its U.S. tax bill, igniting a new political debate on whether these kind of mergers should be allowed without repercussions. Palo Alto Networks Inc. (NYSE:PANW) reported quarterly earnings on Monday, surpassing expectations. The Cyber security company reported revenues of $297 million, an increase of 54%. The company has acquired 1,000 new customers, including one of the world's largest software companies. Shares of Palo Alto surged more than 7% on Tuesday. Dycom Industries, Inc. (NYSE:DY) reported its fiscal first-quarter financials on Monday and results topped Wall Street’s expectations with earnings of $30.8 million. Dycom Industries, a provider of specialty contracting services, saw its shares cross the $86 mark, an increase of more than 300% over 12 months. GameStop Corp. (NYSE:GME) shares were down about 15% as their quarterly results disappoint due to weak software and hardware sales. Retail stores, together with the company’s online business, recorded a sales drop of 1.1%. The retailer is attempting to stem the decline by starting a collectibles business, with products that carry a higher margin than videogames, and will likely have higher demand. GameStop expects the segment to grow to $500 million a year by the end of 2019. HP Inc. (NYSE:HPQ) shares tumbled more than 11% Wednesday after earnings revealed that revenue fell short of analysts' expectations. This is the fifth straight quarterly drop of revenue for the tech company, as sales continue disappoint due to lower demand for personal computers. HP’s shares have fallen about 70% since the beginning of the year. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 18873 FinancialBuzzMedia
January 15, 2016 Financial News - Business News - Stock Exchange - Market News
 
03:42
January 15, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, stocks managed to just about hold even, stemming losses from the prior week which was the worst week for markets since 2011. Oil continued trending down as concerns over slowing growth in China point to less demand for commodities. On Tuesday the Labor Department’s JOLTS report for November showed job openings were up 1.5% to 5.431 million. Oil remained weak, and reports surfaced indicating that the People’s Bank of China intervened to help strength the yuan. Markets rallied on the news. On Wednesday, the Federal Reserve released its Beige Book, stating that consumer spending growth is moderate, held down by weakness in apparel sales. Auto sales were mixed, and wage and price inflationary pressures were low. Overall growth was rated as modest in 9 of the 12 districts. Brent crude briefly fell below $30 a barrel and then recovered to close at $30.31 a barrel. Markets ended the day sharply lower with the Dow Industrials shedding 364 points. All three U.S. averages closed more than 10% below their 52-week highs, making the market correction official. On Thursday, jobless claims for the week ending January 9th increased 7,000 to 284,0000. Import prices for December fell 1.2% and export prices fell 1.1%. Markets rallied strongly with the Dow Industrials gaining 227 points. On Friday, the producer price index for December was down .2%, retail sales were down .1%, and industrial production was down .4%. Oil also dropped and the Dow Jones Industrial average fell more than 350 points in the open. Now let’s take a look at some stocks. Shares of Cyberark Software Ltd (NASDAQ: CYBR) jumped 20% Wednesday after it was reported that Check Point Software Technologies is in initial talks to buy Cyberark. Officials from both companies declined to comment. If the deal goes through, it would be Check Point's largest acquisition to date. Cyberark’s market cap currently is $1.2 billion. Chipotle’s (NYSE: CMG) stock jumped more than 6% Wednesday after the popular burrito chain announced to investors and the public that they are confident that steps taken to tighten food safety will prevent future food poisoning outbreaks. Chipotle’s shares were down more than 44% within 3 months after the outbreak of E-Coli in its restaurant chain. GoPro (NASDAQ: GPRO) shares dived about 16% during mid-day trading on Thursday after the company reported to investors that they are going to miss revenue forecasts for the fourth quarter of 2015. The company’s cameras did not sell as well as predicted during recent holiday sales, and GoPro is hoping to improve its revenue with the release of new products in the virtual reality and drone markets. Netflix (NASDAQ: NFLX) was down more than 8% Wednesday after Morgan Stanley (NYSE: MS) downgraded the entire tech sector to underweight. Netflix’s shares were also impacted by the rumor that Apple (NASDAQ: AAPL) may be interested in purchasing Time Warner (NYSE: TWC), which will help the tech giant to start its own video streaming business and compete directly against Netflix. SolarCity Corp. (NASDAQ: SCTY) shares dropped more than 13% on Thursday after Nevada regulators upheld their decision to charge fees on solar rooftops. The fees took effect January 1st, and they are threatening the development of solar rooftops in the state. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 49184 FinancialBuzzMedia
May 29, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:24
May 29, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, markets were closed for the Memorial Day holiday. On Tuesday, durable goods orders for April were down .5%, however, excluding transportation they were up .5%. Both numbers were consistent with expectations. The Case-Shiller home price index for March showed some healthy gains of 1% month-to-month and 5% year-over-year. New home sales for April were up 6.8% and consumer confidence for May was up to 95.4 compared to 94.3 for the prior month. All of these numbers painted a picture of a strengthening economy, and then markets proceeded to sell off upon fears that the Fed will raise interest rates sooner rather than later. By the end of the day, the major indexes were down over 1%. However, on Wednesday, Nasdaq rose 1.5% back up to a new record closing high, and the Dow Industrials and S&P 500 also recovered from most of their prior day’s losses. On Thursday, jobless claims for the week ending May 23rd were up 7,000 to 282,000, and pending home sales for April jumped 3.4%, up for the fourth straight month and exceeding analysts’ expectations. At the end of the day, markets were down slightly. On Friday, the first revision of the first quarter’s GDP was released and it came in at -.7%, down from the original reading of .2%. Stock opened lower on the news. Now let’s take a look at some stocks. Charter Communications, Inc. announced Tuesday that they will acquire Time Warner Cable for $55 billion. The proposed acquisition comes after Comcast’s bid of $45 billion which couldn't get regulatory approval. If Charter’s proposal finalizes, the newly combined company will be country’s second largest cable operator. GoPro, Inc. shares gained as much as 7% Thursday after the company revealed they will be entering the virtual reality market as well as the recreational drone market. At the moment, GoPro is developing a 360-degree virtual reality camera that is expected to hit markets in July while their first-generation drone will be available by the first half of 2016. Express Inc. shares shot up and reached a new 52-week high Thursday after the apparel company reported better-than-expected first quarter results. Express posted earnings of $0.22 per share on revenue of $502 million, while analysts had expected earnings of only $0.14 per share on revenue of $488 million. Avago Technologies Limited has agreed to acquire Broadcom Corp. for $37 billion, in what could be the largest deal ever in the semiconductor industry. If the merger were to pass all necessary hurdles, Avago will become the third largest semiconductor manufacturer; giving the company enough power to compete with larger competitors like Intel and Qualcomm. Abercrombie & Fitch Co. shares were up as much as 12% Thursday after their first quarter earnings showed signs of recovery as sales improved. Abercrombie is currently revamping their business model as it attempts to transition their apparel lines to cater to the new tastes of their demographic. May 29, 2015 Weekly Stock Market Wrap-up: GoPro Inc(NASDAQ:GPRO) Charter Communications, Inc.(NASDAQ:CHTR) Express, Inc.(NYSE:EXPR) Avago Technologies Ltd(NASDAQ:AVGO) Abercrombie & Fitch Co.(NYSE:ANF) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 9483 FinancialBuzzMedia
January 10, 2014 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:25
January 10, 2014 Financial News - Business News - Stock Exchange - New York Stock Exchange - Wall Street - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2014 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2014 A leading portal for investing news, stock market news, Market Analysis and in depth looks at Emerging companies. Join us for the latest buzz in financial news around the world. FinancialBuzz.com with offices in New York City and Miami Florida was designed to provide information on the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in financially driven digital, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com aims at becoming one of the largest financial news outlets around the world and focuses on providing sophisticated content to our loyal viewership. In a public financial market that requires extensive transparency and disclosures, FinancialBuzz.com provides one of the most internationally credible web outlets by reporting daily from various locations around the world; The New York Stock Exchange, NASDAQ and Hong Kong Exchanges to name a few. This week's wrap up from RK Walker: The markets this week didn't do much, in fact at the close of the first five trading days of the New Year last Wednesday, the S&P 500 was slightly below its close on December 31. On Friday, the much anticipated non-farm payroll report coming in at only 74,000 for December, down from 241,000 in November and way below analysts' expectations. Analysts are not quite certain what prompted the big drop, especially since most other economic indicators are doing quite well. Unemployment fell to 6.7%. On Monday, the Institute for Supply Management non-manufacturing index came in at 53 for December, down from 53.9 from the prior month and lower than analysts' expectations. Factory orders, however, rose 1.8%, higher than expected. On Tuesday, the U.S. trade deficit narrowed to $34.3 billion, as exports rose and imports of oil declined. Wednesday's ADP employment report was very strong, coming at 238,000 workers added to payrolls in December, up from November's 229,000. For the week ending January 4, jobless claims fell to 330,000, down 15,000 from the previous week. January 10, 2014 Weekly Stock Market Wrap up: Macy's (NYSE: M) T-Mobile U.S. (NYSE: TMUS) Ford Motor Co. (NYSE: F) The Men's Wearhouse, Inc. (NYSE: MW) Jos. A. Bank Clothiers (NASDAQ: JOSB) Micron Technology Inc. (NASDAQ: MU) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2014http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2014, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 44312 FinancialBuzzMedia
October 23, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:30
October 23, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday U.S. stocks edged higher as investors prepared for a big week of earnings reports while digesting economic data out of China showing GDP growth at 6.9%, its lowest in six years. Banking giant Morgan Stanley (NYSE:MS) posted earnings per share that was well below estimates, while the energy sector in the S&P fell more than 2 percent. On Tuesday Housing Starts came in much stronger with a 6.5 percent jump, but a cloudy earnings picture sent the Dow and U.S. stocks lower, as International Business Machines Corp.(NYSE:IBM) fell 5.8%. On Wednesday Ferrari NV (NYSE:RACE) offered Wall Street a distraction, the luxury sports carmaker opened at $60 per share on its first day of trading. Ferrari closed up about 5.7% higher, giving the company a market cap of $10.4 billion. General Motors Company (NYSE:GM) beat estimates on both earnings and revenue, but The Coca-Cola Co (NYSE:KO) numbers fell short. But U.S. stocks closed near session lows. On Thursday Existing Home Sales bounced back nicely, up 4.7 percent in September. Weekly jobless claims came in at 259,000, remaining at levels consistent with a fairly healthy labor market. Also giving stocks a boost: The European Central Bank signaled that more stimulus package might be on the way later this year, and the bank is prepared to cut the already negative deposit rate. Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc.(NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) all released positive earnings, The Dow powered up triple digits and stocks closed sharply higher on the news. On Friday central banks continue to drive global markets, U.S. stocks rallied on tech companies and China interest rate cut. Now let’s take a look at more company highlights Oprah Winfrey comes to the rescue of Weight Watchers International, Inc. (NYSE:WTW) on Monday, the company announced a partnership in which Oprah is buying a 10% stake in Weight Watchers and taking a seat on its board. Before the Oprah announcement shares of Weight Watchers were down 72% this year. It still remains to be seen if this will be a game changer for Weight Watchers, but shares of the company already doubled on the news, to $15 a share. Apple Inc.(NASDAQ:AAPL) CEO Tim Cook said on Monday that more than 6.5 million people are now paid users for Apple’s new streaming music service. Released in June, Apple Music has continued to get more of the curious to test the service. It now has 15 million total users, besides paying customers, the rest of that number are people who are using the free trial. Meanwhile Spotify, the industry leader, has more than 20 million paid subscribers. Boeing Co (NYSE:BA) delivered earnings of $1.62 a share that topped projections on Wednesday. The company revenue rose 11 percent to $24.54 billion. Boeing shares moved higher following the announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 18939 FinancialBuzzMedia
July 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:44
July 17, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, Greece reached an agreement with its creditors. Greece’s parliament, however, had to pass into law strict reform measures before Thursday. Markets were up big on the news, with the Dow Industrials closing up 217 points. On Tuesday, retail sales for June were disappointing coming in at -.3%, compared to the previous month’s 1.2% gain. Despite this, the Dow Industrials closed the day up 75 points. On Wednesday, the producer price index for June was up .4% month-to- month and down .7% year-to-year. Industrial production for June was up .3% and capacity utilization increased .2% to 78.4%. Fed Chair Janet Yellen testified before lawmakers and she said the economy is close to where it needs to be in order to raise rates, probably this year. On Thursday, markets were greeted by some solid earnings reports, and also the news that the Greek parliament had passed the bailout agreement. Jobless claims for the week ending July 11th fell 15,000 to 281,000. Markets rallied on all the good news, with NASDAQ closing at a record high. On Friday, the consumer price index for June was up .3%, in line with expectations, and housing starts for June increased by 9.8% while construction permits have increased by 7.4%. Markets were mixed on the news. Now let’s take a look at some stocks. Micron Technology, Inc. shares ended Tuesday up 11% after it was reported that China-based Tsinghua Unigroup is preparing a $23 billion takeover offer for the company. Micron, in the end, decided against the deal and turned down the offer. Share prices remained relatively high even after Micron nixed the deal. Intel Corporation shares were slightly up on Thursday after their second quarter earnings beat expectations. Intel reported net income of $2.7 billion or $0.55 per share; analysts expected earnings of only $0.50 per share. CFO Stacy Smith also stated that the company now makes 40% of their revenue and 70% of their operating profit from their data center processors, thus signaling that Intel is no longer dependent on their personal computers, which was suppressing earnings. Amazon.com Inc. shares rallied this week in anticipation of their Amazon Prime day. On Prime Day, July 15, Amazon was able to beat their previous highest order rates which they experienced on Black Friday of last year. By noontime on July 15, Amazon’s third party same-store sales had increased by nearly 80% relative to the previous year. Netflix, Inc. shares soared more than 18% on Thursday following a 7 for 1 split of their stock and the release of their second quarter earnings. The report showed remarkable growth in the company’s subscriber’s base, gaining 3.28 million subscribers, growing their total subscriber count to 65.5 million. It was noted that overseas demand was especially strong. Tesla Motors, Inc. stock pulled ahead this week after the company’s CEO, Elon Musk, expressed that he was optimistic and confident that their SUV, the Model X, will be able to double their annual sales. Tesla also announced that they will begin selling their Model X in China during the first half of 2016. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 11029 FinancialBuzzMedia
September 4, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:42
September 4, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, stocks were down modestly as August ended and the S&P 500 posted its worst month in more than three years. In addition, the VIX, a measure of volatility, saw a record monthly jump, up 135%. Investors noted that Stanley Fisher, Vice-Chair of the Federal Reserve, made comments over the weekend that interest rates may rise despite turbulence in China. On Tuesday, China reported continued contraction in manufacturing with their Purchasing Managers’ Index falling into contraction territory at 49.7. In the U.S. the ISM manufacturing index for August fell to 51.1, below expectations and its lowest level since May 2013. All of this news lead to a very bad day, with the S&P 500 falling 140 points, or almost 3%, and all of the major U.S. indices ended in correction territory, more than 10% off their 52-week highs. On Wednesday, the ADP employment report for August gained 5,000 to 190,000, and factory orders for July were up .4% month-to-month, lower than expected. Markets rebounded strongly. On Thursday, the ISM non-manufacturing index for August was down 1.3 points to 59, however, still considered very strong and above expectations. Jobless claims for the week ending August 29th were up 12,000 to 282,000. Markets ended the day basically unchanged. On Friday, the highly anticipated nonfarm payroll report for August showed jobs increased by 173,000, a solid number, however, below expectations and 72,000 lower than the previous month. The unemployment rate dropped .2% to 5.1% and average hourly earnings increased .3%. Markets opened sharply lower on fears of a Fed rate hike. Now let’s take a look at some stocks. LinkedIn Corp (NYSE:LNKD) caught users’ attention Tuesday after the largest social networking website for professionals revamped their messaging service, prompted by requests from users. LinkedIn shares have lost more than 30% in value over the last 6 months and it appears the company is taking steps towards making their web interface more user-friendly. Google Inc. (NASDAQ:GOOGL) took its first step into the smartwatch market by introducing a new application that connects Android-based smartwatches with Apple iPhones. The app is operational but functionalities are still limited because it doesn't allow users to sync information with most other apps from the Apple App Store. Synergetics USA Inc. (NASDAQ:SURG) shares were up more than 50% on Wednesday, after Quebec-based Valeant Pharmaceuticals agreed to acquire the company for $6.50 per share. That’s a 48% premium relative to Synergetics’ Tuesday’s closing price. Valeant hopes to expand Bausch & Lomb’s global business with the acquisition. eBay Inc. (NASDAQ:EBAY) shares were up slightly on Thursday after receiving upgrades from Piper Jaffray. Jaffray upgraded the stock from underweight to neutral with a price target of $30 per share, following the completion of PayPal’s spinoff. Twitter Inc. (NYSE:TWTR) shares gained on Thursday as the search for a new CEO continues. The board met recently to discuss candidates. Twitter’s co-founder Jack Dorsey has been interim CEO after Dick Costolo unexpectedly resigned. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 6213 FinancialBuzzMedia
May 1, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:31
May 1, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, markets were down, especially biotech, as economic news waslight and investors waited for more earnings reports and the results of Wednesday’s Federal Reserve meeting. On Tuesday, the Case-Shiller home price index for February was up 5% year over year, compared to a 4.5%rise in January. Consumer confidence for April fell sharply unexpectedly from 101.4 to 95.2. Stocks continued trading mostly based on earnings news and markets were mixed, with the Dow Industrials up and the S&P 500 and Nasdaq staying about the same. On Wednesday, the GDP for the first quarter was released and it was only up .2%, compared to the fourth quarter’s gain of 2.2%. This was lower than expected, and the poor results were blamed on the effects of the strong dollar on exports, along with a harsh winter. The Fed also released its meeting statement, removing all previous calendar references to timing of rate hikes. This increased speculation among analysts as to when the Fed will raise rates, with many thinking the current softness in the economy will delay the Fed’s plans. On Thursday, jobless claims for the week ending April 25th, plunged 34,000 to 262,000, the lowest level since April 2000. Personal income for March was unchanged, compared to a .4% increase in the prior month, and consumer spending was up .4%, compared to a .1% increase in February. By the end of the day, markets were down strongly. On Friday, the ISM manufacturing index for April was 51.5 unchanged from March. Despite the lackluster manufacturing news, markets were up strongly at the open. Now let’s take a look at some stocks. Apple reported their second quarter financials for 2015 last Monday and showed Wall Street another blockbuster quarter. Revenue increased by 27% to $58 billion, attributed to better than expected sale of iPhones, with over 61 million units sold. Apple also announced an increase in their stock buyback plan from $90 billion to $140 billion and also increased dividend payments by 11%. Twitter, Inc. shares slid this week after the social media company’s first quarter earnings report was accidentally leaked before Tuesday’s market close. Twitter reported revenue of $436 million, failing to meet their own guidance, while analysts forecast $457 million. Lumber Liquidators Holdings, Inc. stock tumbled on Wednesday following their first quarter results showing a loss on earnings of $0.29 per share while analysts forecast a gain of $0.15 per share. Also in another filing, Lumber Liquidators stated that the Department of Justice is now seeking criminal charges relating to their imported laminate flooring from China. The company stated that they will be setting aside $10 million for possible legal fees. Alibaba Group Holding shares slid after CEO Jack Ma announced a hiring freeze due to the quick growth of the e-commerce company. Currently, Alibaba employs just north of 30,000 employees who are currently serving their 334 million user base. May 1, 2015 Weekly Stock Market Wrap-up: Apple Inc. (NASDAQ: AAPL) Twitter Inc. (NYSE: TWTR) Lumber Liquidators Holdings, Inc. (NYSE: LL) Alibaba Group Holding Ltd. (NYSE: BABA) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 9804 FinancialBuzzMedia
LIVE - Floor of the NYSE! August 18, 2017 Financial News - Business News - Stock News - Market News
 
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Watch Us LIVE from the Floor of NYSE! August 18, 2017 Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2017 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2017 On Monday, there wasn’t much economic news, however, cooler heads in the U.S. government prevailed and sought to reassure the public that war with North Korea wasn’t imminent and that the U.S. would continue pursing diplomatic solutions. Markets ended the day up strongly. On Tuesday, retail sales for July grew .6%, exceeding expectations, on top of the prior month’s revised .3% gain. The Empire State manufacturing survey for August jumped sharply to 25.2, and import prices for July rose .1% while export prices rose .4%. Despite the good news, markets ended mostly unchanged as concerns of price wars among retailers dragged down retail stocks. On Wednesday, housing starts for July fell 4.8% to 1.16 million units and housing permits fell 4% to 1.22 million. The EIA petroleum status report for the week ending August 11th showed U.S. crude inventory falling 8.9 million barrels. The Federal Reserve released minutes of its meeting last month and it revealed debate about when to begin unwinding the Fed’s balance sheet. Ultimately, due to lower than desired inflation, the issue was tabled until the next meeting in September. President Trump disbanded two business advisory councils due to backlash from corporate executives as a result of comments he made about violence in Charlottesville, Virginia. This renewed fresh concerns about the ability of the Trump administration to implement pro-business tax and policy changes. On Thursday, jobless claims for the week ending August 12th fell 12,000 to 232,000 and industrial production for July rose .2%, slightly below expectations. Markets fell sharply as investors continued to be nervous about President Trump’s ability to work with Congress to pass business friendly laws, and a terrorist attack in Barcelona, Spain added to the jitters. The Dow Industrials ended the day down 274 points. On Friday consumer sentiment for August soared to 97.6, but markets opened lower. Now let’s take a look at some stocks. Shares of Coach, Inc. (NYSE: COH) fell 13% Tuesday morning after it released its fourth quarter and full year reports. Total sales in North America were $586 million versus $606 million last year. Coach has been closing its less profitable retail spaces in department stores in a bid to increase the brand’s appeal. Shares of L Brands, Inc. (NYSE: LB), parent company of Victoria’s Secret and Bath & Body Works fell nearly 10% on Thursday after the company lowered its guidance for the full year by about 15 cents per share. Third quarter guidance of between 25 and 30 cents per share were below expectations of 36 cents a share. Wal-Mart Stores, Inc. (NYSE: WMT) reported second quarter earnings for its 2018 fiscal year. Earnings per share included a charge of $0.17 for a loss on extinguishment of debt in connection with the company's recently completed debt tender offers. Net sales at Walmart International were $28.3 billion, a decrease of 1.0%. The company’s shares fell Thursday morning but recovered some losses throughout the day with over 17 million shares traded. Alibaba Group Holding Limited (NYSE: BABA) reported strong fiscal first quarter earnings with the company reaching 466 million annual active users on its China retail marketplaces, a 12 million increase year over year. Mobile active users increased to 529 million, a 22 million increase year over year. Daniel Zhang, Chief Executive Officer of Alibaba Group said, “Our technology is driving significant growth across our business and strengthening our position beyond core commerce.” © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 20477 FinancialBuzzMedia
October 16, 2015 Financial News - Business News - Stock Exchange  - Market News
 
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October 16, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, stock markets were open, however bond markets, banks and some business were closed due to the Columbus Day holiday. Trading was light, especially as investors waited for third quarter earnings to come in. The NASDAQ composite closed above its 50-day moving average for the first time since August 17th. On Tuesday, stocks pulled back a bit as data from China showed their dollar-denominated imports plunged 20.4% for September year-over-year, the 11th straight monthly decline. On Wednesday, retail sales for September grew an anemic .1%, while producer prices for September fell by .5%, their biggest drop in 8 months. In addition, bad news from Wal-Mart sent markets tumbling with the Dow Industrials closing 157 points lower. On Thursday, the consumer price index for September was down .2% month-to-month and was unchanged year-over-year. The Empire State manufacturing survey for October was once again below expectations, showing contraction for the third straight month at -11.36. Jobless claims for the week ending October 10th was the bright spot in economic news, coming in 7,000 lower than the previous week at 255,000. The four-week average is 265,000, which is also a 42-year low. Investors now speculate that the next Fed rate hike will be delayed into next year due to slowing economies, both here and abroad. On Friday industrial production for September was down .2%, and consumer sentiment for October was up over 5% to 92.1. Markets were slightly higher at the open. Now let’s take a look at some stocks Anheuser Busch Inbev SA (ADR) (NYSE:BUD), the world’s largest brewer, announced Tuesday that they have reached an agreement with SABMiller, their largest competitor. SABMiller will be acquired for about $104 billion. The newly-merged gigantic beer maker is projected to have annual revenues of $64 billion. Tripadvisor Inc. (NASDAQ:TRIP) shares rallied 26% Wednesday after announcing a strategic partnership with Priceline Group Inc. According to the terms of the partnership, users will be able to book accommodations from Priceline’s Booking.com website directly through TripAdvisor. Wal-Mart Stores, Inc.(NYSE:WMT) warned investors Wednesday of slowing growth. The company cut sales forecasts for the rest of the year, and also said earnings would experience pressure as a result of heavy investment in wages and e-commerce capabilities. Shares of the company plummeted 10%, its worst one-day drop in 17 years. Netflix, Inc.(NASDAQ:NFLX) reported 3rd quarter earnings Wednesday after the market close. The company revealed disappointing U.S. subscriber growth, and declining profits due to heavy investments into international expansion and new, original content. Netflix added a total of 880,000 domestic subscribers, significantly below the 1.15 million projected. Shares fell 3% Wednesday after-hours. Citigroup Inc. (NYSE:C) reported quarterly earnings of $1.31 per share, surpassing analysts’ expectations of $1.28 per share. Revenue fell 7.5% year-over year to $18.5 billion, but the bank also lowered its operating, legal and repositioning costs dramatically, which made up for the lower revenue. Citigroup shares surged on the news. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 17287 FinancialBuzzMedia
September 11, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:12
September 11, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Tuesday, in the absence of significant economic news, China and the Federal Reserve’s upcoming meeting next week dominated investors’ minds. China’s economy showed more evidence of slowing as their exports declined 5.5% year-over-year in August and their imports fell 13.8%. However, the Shanghai Composite finished the day with a gain of 2.9% and this encouraged markets. The Dow Industrials ended the day up 390 points, or 2.42%. On Wednesday, markets gave back much of the gains with the Dow Industrials closing down 239 points, with blame partially going to a sharp drop in oil. The JOLTS job opening report for July was up 3.9%, considered very strong. On Thursday, jobless claims for the week ending September 5th were down 6,000 to 275,000, and import prices for August were down 1.8% month-over-month. Markets ended the day modestly higher. On Friday, the producer price index for August was released and it was unchanged. Analysts had expected a .1% drop. Markets opened modestly lower due to uncertainty over whether or not the Fed will raise rates after its meeting next week. Now let’s take a look at some stocks Yahoo! Inc.(NASDAQ:YHOO) shares gradually decreased about 4% Tuesday, to close just below $31, after the U.S. Internal Revenue Service denied the company’s request to review, in advance, potential tax liabilities when it spins off its stake in Alibaba. Yahoo was hoping they would get approval for a tax-free spinoff, however, now it’s unknown if the government will allow it. Both Staples, Inc. (NASDAQ:SPLS) and Office Depot Inc. (NASDAQ:ODP) shares rallied early this week after an analyst from B. Riley upgraded Office Depot. Both companies have agreed to a $6.3 billion merger, and the analyst said it was unlikely that antitrust regulators will object. Trading in Quiksilver, Inc.(NYSE:ZQK) stock was halted on Wednesday after the struggling surf apparel maker filed for Chapter 11 bankruptcy protection for its U.S. business. According to a company filing, the Quiksilver has assets of over $100 million and liabilities of more than $500 million. Quiksilver stock has lost almost 80% of its value relative to Tuesday’s closing price. Apple Inc.(NASDAQ:AAPL) shares dropped Wednesday after the company’s new line of products didn't impress investors. Apple’s unveiling included updated iPhones, a larger iPad, and a new television set-top box among other upgrades. Lululemon Athletica inc.(NASDAQ:LULU) reported their second quarter earnings that beat estimates. The company stated earnings of $0.34 per share on revenue of $453 million, beating estimates of $0.33 per share on revenue of $446 million. Despite the good news, shares were down more than 8% during Thursday’s premarket trading, mainly due to a disappointing guidance that the company offered. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 29106 FinancialBuzzMedia
September 30, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:56
September 30, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, new home sales for August fell by 7.6% to an annualized 609,000 units, however, it was still considered a positive report because sales are up over 20% from a year ago. Investors were nervous awaiting the outcome of the first Presidential debate, and the markets fell, with the Dow Industrials closing down 166 points. On Tuesday, the Case-Shiller home price index for July remained unchanged month-over-month and increased 5% year-over-year, while consumer confidence for September rose 2.3 points to 104.1, its highest level in 9 years. A deal to limit oil production looked bleak and U.S. crude futures dropped over 2.5% to settle at $44.67 a barrel. Market rose on the news and the Dow Industrials gained 133 points. On Wednesday, durable goods orders for August remained unchanged, compared to the previous month’s 3.6% gain and the EIA petroleum status report for the week ending September 23rd showed crude oil inventories dropping by 1.9 million barrels. Oil surged with U.S. crude gaining over 5% to $47.05 a barrel on news that OPEC has reached a deal to cut production, its first cut in eight years. Markets rallied and the Dow Industrials closed 110 points higher. On Thursday, the second revision of the second-quarter GDP gave an unexpected surprise, being upwardly revised by three-tenth’s of a percent to 1.4%. Jobless claims for the week ending September 24th rose 3,000 to 254,000. Banking stocks fell as the future of Deutsche Bank was called into question after being hit with billions of dollars in fines from the U.S. Department of Justice. Markets were down sharply with the Dow Industrials closing off 195 points. On Friday personal income for August rose .2%, consumer spending remained unchanged, and the PCE price index rose .1%. Rumors also came out that Deutsche Bank was about to reach a settlement with the Department of Justice and markets rallied strongly on the news. Now let’s take a look at some stocks. Shares of Fitbit plummet over 9% after it was revealed that sales of the company’s latest wearable device, called Charge 2, are off to a sluggish start. Also, health insurer Aetna’s deal with Apple to reimburse policyholders for the purchase of Apple’s iWatch doesn’t look good for Fitbit. Nike, Inc. (NYSE:NKE) posted solid first quarter revenue and profits that topped estimates, however, future orders fell short of estimates, raising concerns. Nike’s stock was down 11% this year at Tuesday’s close, the worst performer on the Dow Jones Industrial Average. Clinical-stage biopharmaceutical, Galectin Therapeutics Inc. (NASDAQ:GALT) reported that its Phase 2a study called Nash-FX in regards to its GR-MD-02 therapy failed its main and secondary endpoints. The therapy is designed to help patients with various liver problems, including fatty liver disease and cirrhosis. Right after the announcement, shares of the company slid 50%. Paychex, Inc. (NASDAQ:PAYX) announced its first quarter earnings, missing expectations. The company reported earnings per share of $0.60 on revenues of $785 million, compared to consensus estimates of $0.57 per share on revenues of $782 million. Shares were down over 4%. Supply chain and electronics manufacturing services provider, SYNNEX Corp. (NYSE:SNX) has announced quarterly earnings beating analysts’ expectations. Shares were up over 7% after the company reported earnings per share of $1.73 on revenues of $3.7 billion, compared to consensus estimates of $1.56 per share on revenues of $3.5 billion. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 43410 FinancialBuzzMedia
August 19, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:32
August 19, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, the Empire State manufacturing survey for August came in at -4.21, weaker than expected, compared to the prior month’s. 55 level. Ten year Treasuries traded at 1.55% and U.S. crude increased by 2.8% to $45.74 a barrel. The Dow Industrials, S&P 500 and Nasdaq all closed at record highs, on light volume. On Tuesday, the consumer price index for July remained unchanged, due to weakness in energy prices and industrial production for July was up .7%, compared to the prior month’s .4% increase. Housing starts for July were up 2.1% to an annualized 1.21 million units, in addition to the previous month’s 5.6% increase. On Wednesday, the EIA petroleum status report for the week ending August 12th showed crude oil inventory dropping 2.5 million barrels. The FOMC minutes from its last meeting were released and policy makers were mixed with some feeling that the economy is strengthening enough that rate hikes will soon be necessary. However, most were still satisfied with waiting a little longer before tightening resumes. Investors seemed to interpret the Fed’s uncertainty in a positive light, as a sign that rates will not increase until economic results are stronger. On Thursday, jobless claims for the week ending August 13th fell 4,000 to 262,000 and U.S. crude was up over 3% to $48.22 a barrel. Markets ended the day up slightly, on low volume, and it also marked the 29th straight day that the S&P 500’s closing number didn’t move at least 1%. On Friday, markets opened modestly lower as oil held steady. Now let’s take a look at some stocks. Reports emerged Monday that social media giant Twitter (NYSE: TWTR) will announce a deal with Apple (NASDAQ: AAPL) to live stream popular Thursday-night football games with the National Football League. The company beat out competitors such as Amazon, Facebook and Yahoo for the deal. Shares climbed over 7% during early afternoon trading after the news was released. Shares of American multinational clothing corporation, Urban Outfitters (NASDAQ: URBN) continued to rally well over 15% after the company announced impressive quarterly performance during after-hours on Tuesday. The popular retailer posted second-quarter fiscal earnings of 66 cents per share on $891 million in revenue surpassing analysts’ expectations. On Wednesday, Target (NYSE, TGT), America’s second-largest discount retailer company, cut its fiscal-year profit forecast after the company reported sluggish quarterly sales that fell by 7.2%, and earnings that fell by 9.7% . Demand for electronic devices was weak, as well as the company’s grocery business. Shares were down over 6% after the announcement. Shares of Popeyes (NASDAQ: PLKI) plunged 10% during early trading hours on Wednesday after the company released weaker-than-projected same-store sales growth during its second quarter and also lowered its future estimates for same-store growth. The company met analysts' expectations of $0.47 per share but missed revenue by $1.7 million. Retail home improvement and appliance store, Lowes (NYSE: LOW) released second quarter earnings of $1.31 per share on $18.2 billion in revenue, missing consensus estimates of $1.42 per share on $18.4 billion in revenue. The company also lowered its full-year outlook. Shares were down 5% after the release. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 23432 FinancialBuzzMedia
December 13, 2013 - Business - Financial - Stock Exchange -- Wall Street -- Market News 2013 -- 2014
 
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December 13, 2013 - Business News - Financial News - Stock News --NYSE -- Market News 2013-2014 CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2013-2014 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2013-2014 Welcome to Financial Buzz Market Weekly, LIVE from the New York Stock Exchange, bringing you a review of this week's stock market. The major indexes gave back some of their recent gains with the S&P 500 Index reaching a one-month low, as improving economic data renewed talk of the Federal Reserve starting to taper its bond purchases. Gold fell substantially, and bonds rallied on anticipation of higher interest rates. The volatility index (the VIX) is creeping upwards as well. Many factors are coming together to point to a taper, including less contentious budget negotiations in Congress, making an additional shutdown unlikely, along with some strong economic data released this week. Retail sales were released Thursday, showing a .7% increase for November, after rising .6% in October. Much of the gain is due to automobile sales. The jobless claims report was a big surprise on the weak side, however, showing new claims for the week ending 12/7 up a huge 68,000 to 368,000. On Friday, the producer price index fell .1% due to lower gasoline prices. Excluding energy and food, the so called core producer price index was up .1%. Now let’s take a look at some stocks. Lululemon Athletica Inc. (NASDAQ: LULU) Twitter, Inc. (NYSE: TWTR) Facebook (NASDAQ: FB) LiveDeal, Inc.(NASDAQ: LIVE) Advaxis, Inc.(NASDAQ: ADXS) Business - Financial - Stock Exchange -- Wall Street -- Market News 2013 -- 2014 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2013, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2013 -- 2014
Views: 19327 FinancialBuzzMedia
Business News - New York Stock Exchange, EBay, Dish Network Corp.
 
00:42
Court Rules for NYSE, Nasdaq in Market Data-Pricing Case The New York Stock Exchange and the Nasdaq stock market will be able to freely increase revenue from the sale of market data, under a U.S. appeals court ruling on Tuesday that dismissed a complaint brought ... http://us.rd.yahoo.com/finance/news/rss/story/SIG=14hrv8q0u/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12eqjg377/*http%3A//finance.yahoo.com/news/court-rules-favor-nyse-nasdaq-144625181.html?l=1 eBay, retail partner to open NY shop with touchscreen window eBay CEO John Donahoe says the company is working with a major retailer in the city on the store, to open this summer. [Read more] http://feedproxy.google.com/~r/cnet/tcoc/~3/4QluFM0kDXA/ Softbank says Dish offer for Sprint 'illusory' NEW YORK (AP) — The CEO of Softbank, which is trying to buy a majority ownership in Sprint, says a competing bid from Dish is based on "incomplete and illusory" numbers. http://news.yahoo.com/softbank-says-dish-offer-sprint-illusory-162938245.html http://www.wochit.com
Views: 145 Wochit Business
LIVE - Floor of the NYSE! Nov. 11 2016 Financial News - Business News - Stock Exchange - Market News
 
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Watch Us LIVE from the Floor of NYSE! November 11, 2016 Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday markets soared after the FBI, for the second time, cleared another batch of emails related to Hillary Clinton’s use of a private email server. The rally broke a nine day losing streak for the S&P 500, its longest since December 1980. The Dow Industrials closed up 370 points. On Tuesday, the JOLTS job openings report for September was up .6% to 5.49 million. On Wednesday, traders were surprised with Donald Trump’s unexpected victory, and stocks surged with the Dow Industrials closing up 256 points. Some of the winning sectors included banks, defense, and infrastructure providers, and some of the losers included hospital operators. The Mexican peso was down sharply against the dollar and ten year Treasury notes soared 22 basis points to 2.07%. Also on Wednesday, the EIA petroleum status report for the week ending November 4th showed an increase in crude oil inventories of 2.4 million barrels. On Thursday, jobless claims for the week ending November 5th fell 11,000 to 254,000. Markets were volatile as investors rebalanced their portfolios based on new assumptions for economic winners and losers caused by Trump’s surprise win. The Dow Industrials gained 218 points to close at a record high, however, the S&P 500 only rose by 4 points, and the NASDAQ composite fell by 42 points. On Friday, consumer sentiment for November rose 4.4 points to 91.6. Markets opened slightly lower as investors took a breather from the recent market rallies. Now let’s take a look at some stocks. On Monday, Windstream Holdings, Inc. (NASDAQ:WIN) a telecommunications and data services firm, announced a merger with its rival, EarthLink Holdings Corp. in a $1.1 billion transaction. The deal is expected to close in the first half of 2017, after that, shareholders of Windstream will own 51% of the combined company, and shareholders of EarthLink will own 49%. Valeant Pharmaceuticals International, Inc. (NYSE:VRX) posted lower than expected profit due to weak sales of its dermatology products and irritable bowel syndrome drug. The company also cut full year profit and revenue forecasts. Its stock fell almost 30% percent during premarket trading Tuesday morning. Prior to this earnings release, Valeant had fallen over 90% since 2015. CVS Health Corporation (NYSE:CVS) lowered its profit forecast for the year and warned of weak growth for 2017, as the company said that it will lose 40 million prescriptions next year. The biggest U.S. drugstore chain expects adjusted earnings per share of about $5.80 in 2017, however, analysts had expected earnings of $6.52 per share. LendingClub Corp. (NYSE:LC) reported a smaller-than-expected loss and said it stopped needing incentives to attract customers. Its stock jumped as much as 18% to $6.03 a share, but it has tumbled 54% this year. The company reported a loss of $36.5 million, or 9 cents a share, in the third quarter, compared with a profit of $950,000 a year earlier. Hertz Global Holdings, Inc. (NYSE:HTZ) saw its shares lose almost half their value after the company posted a worse-than-expected quarterly report and cut its full-year profit outlook. Hertz Global, which operates the Hertz, Dollar, and Thrifty vehicle rental brands, posted adjusted earnings of $1.58 per share in the third-quarter, missing analysts’ estimates of $2.73. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 52773 FinancialBuzzMedia
LIVE - Floor of the NYSE! Jan. 4, 2019 Financial News - Business News - Stock News - Market News
 
04:02
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 Monday was the last trading day of 2018 and even though markets posted solid gains for the day, the S&P 500 ended the year down 6.2% and the Dow Industrials ended the year down 5.6%, their biggest annual losses since 2008. West Texas Intermediate crude finished at $45.41 a barrel and the yield on 10-year Treasuries fell slightly to 2.68%. On Tuesday markets were closed for the New Year’s holiday and on Wednesday the PMI manufacturing index for December declined 1.5 points to 53.8, a 15 month low. In addition, China’s Markit PMI manufacturing index showed the Chinese economy contracting for the first time in 19 months. This prompted a market selloff with the Dow Industrials declining almost 400 points, however, by the end of the day markets recovered and closed slightly higher. On Thursday the ADP employment report saw private payroll grow 271,000, much higher than expected and jobless claims for the week ending December 29th rose 10,000 to 231,000. The ISM manufacturing index for December fell 5.2 points to 54.1, its lowest level since 2008. A pessimistic revenue warning issued by Apple the prior evening spooked markets and the Dow Industrials closed 660 points lower while the Nasdaq Composite lost 3%. Ten-year Treasuries fell on the news to yield 2.56%. On Friday nonfarm payrolls for December came in at 312,000, much higher than expectations and the unemployment rate rose .2% to 3.9%. Average hourly earnings rose .4%. In addition Fed Chair Jay Powell also reassured investors by stating the Fed will monitor economic numbers and adjust policy as necessary if the economy slows. Markets soared at the open on the news. Now let’s take a look at some stocks. Tesla, Inc. (NASDAQ: TSLA) shares fell by over 8% on Wednesday morning after the electric automaker reported on Tuesday less than expected Model 3 deliveries in the fourth quarter. Tesla delivered 63,150 Model 3s in the quarter, lower than estimates of 64,900. Tesla shares fell below $300 on Thursday. Apple Inc. (NASDAQ: AAPL) shares plummeted on Wednesday during after-hours when Chief Executive Officer Tim Cook slashed the Company’s first quarter revenue guidance. Trading was halted briefly after shares fell as much as 9%. Cook said in the letter to investors that Apple now expects revenue of approximately $84 billion compared to its previous guidance of $89-93 billion. Cook also said the lowered revenue expectations are primarily due to economic weakness in greater China. Celgene Corporation (NASDAQ: CELG) shares skyrocketed 26% on Thursday after Bristol-Myers Squibb Company announced that it will acquire the biotechnology company in a transaction valued at approximately $74 billion. Bristol-Myers is expected to own approximately 69% of Celgene, while Celgene maintains the remaining 31%. Delta Air Lines, Inc. (NYSE: DAL) shares slipped by 10% on Thursday after the Company forecast slightly lower revenue growth in its December update. The airline projects total unit revenue to rise about 3%, compared to its previous forecast of 3.5%, while total revenue is expected to increase by approximately 7% year over year. General Motors Company (NYSE: GM) shares fell by 3.2% on Thursday after the automaker reported its 2018 vehicle delivery results. The company reported that fourth-quarter sales fell by 2.7%, with declines across its Chevrolet, Cadillac and Buick brands. As for the full year, General Motors reported total vehicle deliveries of 2.95 million, which fell by 1.6% year over year. The weaker than expected deliveries was driven by declines among the Company’s popular models. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 8171 FinancialBuzzMedia
January 30, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:25
January 30, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, markets didn’t do much, as investors waited for the beginning of earnings season as well as for the upcoming Fed meeting. On Tuesday, volatility began with some weak earnings reports from major companies including Microsoft (NASDAQ: MSFT), Caterpillar (NYSE: CAT), and Proctor & Gamble (NYSE: PG), as well as a durable goods orders report for December that was unexpectedly down 3.4%. Consumer confidence for January came in at 102.9, the best since August of 2007 and new home sales for December surged 11.6%, blowing past analysts’ expectations, but that good news was largely ignored, with the Dow Industrials declining 291 points by the end of the day. On Wednesday, the downward spiral continued with the Dow closing down another 195 points. However, the Federal Reserve concluded its meeting and didn’t make any changes to policy, citing continuing improvement in economic conditions and labor market conditions. Thursday, things improved after jobless claims for the week ending January 24 showed a dramatic drop, down 43,000 to 265,000. Crude oil stabilized and increased slightly, and markets responded with a nice rally, with the Dow Industrials closing up 225 points. On Friday, the fourth quarter GDP was released and it was up 2.6%, lower than economists’ 3.2% estimate. January 30, 2015 Weekly Stock Market Wrap up: Microsoft (NASDAQ: MSFT), Caterpillar (NYSE: CAT) Proctor & Gamble (NYSE: PG) Apple Inc.(NASDAQ: AAPL) Yahoo! Inc. (NYSE: YHOO) Alibaba Group Holding Limited (NYSE: BABA) Facebook, Inc. (NASDAQ: FB) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 14631 FinancialBuzzMedia
LIVE - Floor of the NYSE! Dec. 21, 2018 Financial News - Business News - Stock News - Market News
 
04:27
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday the Empire State manufacturing survey for December came in slower than expected at 10.9 and the housing market index for December fell four points to 56. Markets fell sharply as investors looked at this data, plus the anticipated Fed rate hike. The Dow Industrials closed 507 points lower. On Tuesday housing starts for November rose 3.2% to an annualized 1.256 million units. Oil plunged with U.S. crude declining over 7% to $46.24 a barrel, however, the Dow Industrials closed up 82 points. On Wednesday existing home sales for November rose 1.9% to an annualized 5.32 million units and the EIA petroleum status report for the week ending December 14th saw crude oil inventory decline by 500,000 barrels. The Federal Reserve concluded their meeting and raised rates, as expected, by .25 point to a range of 2.25 to 2.5%. However, the Fed also signaled they expect fewer rate hikes in 2019 than initially estimated and they also lowered their 2019 GDP forecast by .2% to 2.3%. In addition, the reduction of the Fed balance sheet though bond sales will continue at the same pace. Markets rose early on anticipation of a more dovish Fed, but when expectations weren’t met, markets sold off with the Dow Industrials finishing 351 points lower. On Thursday jobless claims for the week ending December 15th rose 8,000 to 214,000. Markets continued to drop due to fears of the Fed over-tightening and it also didn’t help when President Trump said he would not sign a temporary funding bill to keep the government open. The Dow Industrials ended the day 464 points lower. On Friday durable goods orders for November increased .8% compared to the prior month’s 4.3% decline, and the final estimate for the third quarter GDP was revised down .1% to 3.4%. Personal Income for November increased .2% and spending increased .4%, while the PCE price index increased .1%. At the open, markets rose sharply after some dovish comments by New York Federal Reserve President John Williams. Now let’s take a look at some stocks. Oracle Corporation (NYSE: ORCL) reported its fiscal second quarter results after market close on Monday with earnings per share of 80 cents on revenue of $9.6 billion. Oracle’s stronger than expected quarter was driven by its Cloud Services and License Support revenue, which increased 3% year over year, offsetting declines in its other segments. The company topped estimates in both earnings and revenue, sending its shares 3% higher at the opening bell on Tuesday. Micron Technology, Inc. (NASDAQ: MU) reported its fiscal first quarter results after market close on Tuesday with earnings per share of $2.97 on revenue of $7.91 billion, missing revenue estimates. Micron is seeing weaker demands for its chip throughout the second half of the year. Shares slipped 4.3% on the news. Tilray, Inc.’s (NASDAQ: TLRY) shares edged higher on Wednesday after the company announced entering into a joint venture with AB InBev to study cannabis-based beverages. The partnership is limited to Canada for now and the two companies will invest $50 million each to study non-alcoholic beverages containing THC and CBD. Tilray shares jumped as much as 19% following the announcement during Wednesday’s after hours. General Mills Inc. (NYSE: GIS) reported its financial results on Wednesday surpassing earnings expectations with earnings per share of 85 cents on revenue of $4.41 billion. The company’s stronger than expected results were driven by its Blue Buffalo Pet Products acquisition. Shares surged 6.7% on the news. GlaxoSmithKline plc (NYSE: GSK) and Pfizer Inc. (NYSE: PFE) announced on Wednesday that the two will combine their consumer healthcare business in a multi-billion dollar merger. Glaxo will maintain a 68% equity interest in the combined business. In the future, Glaxo also intends to create two new UK-based global companies focused on pharmaceuticals, vaccines and consumer healthcare. Glaxo shares were trading 5.1% higher after the announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 10817 FinancialBuzzMedia
February 13, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
04:05
February 13, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 To start the week U.S. stocks lost ground as markets were still digesting headlines out of Greece over the weekend, which showed little progress had been made between Greece and the EU. On Tuesday stocks staged a huge rally; investors were able to shake off early negative news from Greece on hopes of a resolution. The latest Job Openings and Labor Turnover Survey report showed slight improvement with over 5 million job openings on the last business day of December, the highest in more than a decade. On Wednesday stocks closed mixed following a very choppy day of trading; investors continued to watch for developments in negotiations between Greece and EU finance ministers. The U.S. budget deficit widened in January, fueled in part by higher spending on health care services for low-income Americans. On Thursday stocks and oil surged with the tech-heavy NASDAQ leading the way for stocks as oil prices bounced back after two straight losing days. A cease-fire agreement between Russia and Ukraine came in early Thursday and sent futures higher. On the economic data front, retail sales declined 0.8%; the weekly jobless claims came in higher at 304,000 last week. On Friday import prices fell 2.8 percent in January alone for year-on-year contraction of 8 percent. Deflation is a rising risk for the economic outlook based on import and export price data where contraction is at its most severe since the 2008 recession. February 13, 2015 Weekly Stock Market Wrap-up: Apple (NASDAQ: AAPL) Tesla (NASDAQ: TSLA), PepsiCo (NYSE: PEP) Expedia (NASDAQ: EXPE) Orbitz (NYSE: OWW) Priceline (NASDAQ: PCLN), Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 20684 FinancialBuzzMedia
LIVE - Floor of the NYSE! Apr. 12, 2019 Financial News - Business News - Stock News - Market News
 
04:09
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 On Monday factory orders for February declined .5% compared to the prior month’s unchanged result. The Trump administration threatened to place about $11 billion in tariffs on European goods in retaliation for WTO violations. However, markets were mixed as investors awaited the start of earnings season. On Tuesday the JOLTS job openings report for February dropped a sharp 7.1% to 7.087 million openings. The grounding of Boeing jets hit the airline sector especially hard and the Dow Industrials lost 190 points and 10 year Treasuries yielded 2.49%. On Wednesday the consumer price index for March rose .4% on top of the prior month’s .2% gain and the EIA petroleum status report for the week ending April 5th saw crude oil inventories rise 7 million barrels. The Federal Reserve released minutes from its last meeting and the majority of members did not see interest rates changing this year. Members said, due to soft first quarter growth, more time was needed to see if weakness was temporary. Also, a path to eliminate quantitative tightening was announced with September as the last month the Fed would be reducing their balance sheet. Markets ended the day modestly higher. On Thursday jobless claims for the week ending April 6th fell 8,000 to 196,000, its lowest level since 1969. The producer price index for March rose a steeper than expected .6% on top of the prior month’s .1% gain. Trading activity fell to its lowest level of the year as investors continued to wait for earnings. On Friday import prices for March rose .6% while export prices rose .7%, higher than expected. Markets opened higher on some strong corporate earnings news. Now let’s take a look at some stocks. New Age Beverage Corporation (NASDAQ: NBEV) shares surged on Monday after the company announced that it will begin distribution with Walmart. New Age acquired the Marley brand in 2017 and restructured it into an organic mate and cold brew. U.S. Marley brands also plans on launching CBD drinks in 2019. New Age shares closed 38% higher on Monday. American Airlines Group Inc. (NASDAQ: AAL) on Tuesday slashed its guidance for its upcoming first quarter due to the continued grounding of its Boeing 737 MAX jets. American Airlines’ shares slipped by 3.3% following the revised outlook. The Company said first quarter revenue per seat mile, a major industry performance measure, is expected to be flat to up 1% compared to its previous guidance of flat to up 2%. American Airlines also expects to pay about 5 cents a gallon more for jet fuel than previous estimates. Delta Air Lines, Inc. (NYSE: DAL) announced first quarter earnings of 96 cents per share on revenue of $10.5 billion, beating earnings estimates by 6 cents per share. Delta said that revenue was driven by various improvements like an 8% increase in premium product ticket revenue and double-digit percentage increases across loyalty, maintenance, repair, and overhaul revenue. Revenue per available seat mile increased 2.4%. Shares rose 2% during Wednesday’s trading. Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported its fourth quarter financial results after the market close on Wednesday with earnings of $1.20 per share on revenue of $3.3 billion. The home retailer beat earnings estimates but missed on revenue, which sent shares 11% lower on Thursday morning. For improved short-term growth, the company will modify pricing algorithms, further optimize coupon strategies, and improve its supply chain. Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT) announced on Thursday additional supportive data from its pivotal Phase 3 REGENERATE study in patients with liver fibrosis due to NASH. The news sent Intercept shares lower by almost 12% after investors and analysts noted that other larger biotechnology companies are also developing NASH drugs and the competition could overshadow Intercept’s results. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 145 FinancialBuzzMedia
June 12, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:36
June 12, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, traders didn’t have much economic news to consider, so old worries about Greece’s debt situation returned. Airlines declined on fears of excess capacity driving passenger revenue per seat mile lower. Stocks closed near session lows, with NASDAQ declining almost 1%. On Tuesday, the Labor Department released its job opening report, also known as JOLTS, and it showed the highest numbers since the report was created back in 2000. For April there were almost 5.4 million job openings, and year over year, job openings are up 22%. Bond yields held firm and banks rallied, however, markets overall didn't do much. On Wednesday, renewed hopes for a deal with Greece sent stocks soaring. In addition, 10 year Treasury yields almost hit 2.5%, and gains in oil also boosted energy stocks. The major indexes closed up well over 1% with the Dow Industrials up 236 points. On Thursday, jobless claims for the week ending June 6 were up 2,000 to 279,000. Also released was retail sales for May, showing a 1.2% gain, a nice improvement from April’s 0% number. Markets closed the day modestly higher. On Friday the producer price index for May was up .5%, on the high end of expectations, due to increases in gas and food prices. However, Greece's debt negotiations stalled as the IMF walked out of the talks. Markets opened down sharply on the news. Now let’s take a look at some stocks. Deutsche Bank shares spiked at the start of the trading week to $32.40 after the bank appointed John Cryan, former CFO of UBS, to be the new CEO. The German bank’s current co-CEO’s decided to resign due to investor dissatisfaction with the bank’s performance. Etsy, Inc. shares, the peer-to-peer e-commerce website, rallied this week following Tiger Global Management’s decision to be the first firm to up their stake, post-IPO. Tiger Global purchased 10 million shares, increase their ownership from 6.4% to 8.9%. Quiksilver Inc. stock tumbled this week following the release of disappointing 2nd quarter earnings. The company reported a loss of $37 million or $0.22 per share while analysts expected a loss of only $0.14 per share. Additionally, the company revised their outlook stating that due to currency values and other variables, North American sales will suffer. Hess Corporation shares rallied more than 5% Thursday following reports that that energy company has agreed to sell a 50% stake of their processing and pipeline business to Global Infrastructure Partners for approximately $2.7 billion in an all-cash deal. The companies will be forming a joint venture called Hess Infrastructure Partners. The Men’s Warehouse, Inc. caught investors’ eyes on Thursday following a better-than-expected earnings report that topped estimates for both revenue and earnings. The company posted sales of $885 million, and earnings of $0.54 per share, and also announced a 10-year deal with Macy’s to operate a tuxedo rental business within 300 of Macy’s stores. June 12, 2015 Weekly Stock Market Wrap-up: Deutsche Bank AG (USA)(NYSE:DB) Etsy Inc(NASDAQ:ETSY) Quiksilver, Inc.(NYSE:ZQK) Hess Corp.(NYSE:HES) Men's Wearhouse Inc(NYSE:MW) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 16987 FinancialBuzzMedia
April 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:21
April 24, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the People’s Bank of China lowered reserve requirements by 100 basis points, the second drop this year, on the heels of China’s unexpectedly low GDP growth of 7% in the first quarter. Markets were up very strongly, however, it was more about a technical rebound in stocks after Friday’s selloff, as well as optimism about earnings. On Tuesday, markets generally stayed the same, still in a waiting pattern for earnings, however, Nasdaq had some nice gains in part due to a takeover offer for Mylan NV. On Wednesday, existing home sales for March surged 6.1%, the strongest since December 2010. For the week ending April 17th, total mortgage application volume rose 2.3%, driven largely by purchase applications, not refinances. Markets rallied on this good news, plus earnings reports that were coming in far better than expected. On Thursday, the Nasdaq sets a record high for the first time in 15 years, as earnings continued to outperform. Much to everyone’s surprise, however, new home sales for March dropped 11.4%, and jobless claims for the week ending April 18, edged up 1,000 to 295,000. On Friday, durable goods orders for March increased 4%, however, the core rate with transportation excluded fell .2%. The core rate declining was a disappointment. The Dow and S&P 500 opened mixed, however, Nasdaq opened very strong. Now let’s take a look at some stocks. Chipotle Mexican Grill, Inc. shares shot down Wednesday from $692 to $655, losing over 5%, after missing analysts’ projections for first quarter 2015 sales. Higher menu prices and a shortage of pork were contributing factors, however, sales still rose a healthy 20%. General Motors Company stock was down over 4% Thursday after the number one U.S. automaker reported smaller-than-expected first quarter profits. The company blamed the disappointing performance on weakness in their South American and European markets which outweighed truck sales in North America. Profits were also hurt by a $239 million loss in earnings before interest and taxes in Europe, while losses in South America amounted to $214 million. Apple Inc. stock rallied this week as investors and shareholders gear up for the launch of the highly-anticipated Apple Watch on Friday. Analysts have estimated that over 2 million units were ordered during the presale phase and forecasts that approximately 20 million units will be delivered during 2015. Dunkin’ Brands Group, Inc. shares were up more than 8% on Thursday after the company reported earnings that beat the street’s forecasts. The company, which operates Dunkin’ Donuts and Baskin-Robbin stores, reported a 12% increase in net income to $25.6 million or $0.25 per share while revenue increased by 8.1% to $185.9 million. The company also reported that 78 new Dunkin’ Donuts locations were opened during the first quarter. April 24, 2015 Weekly Stock Market Wrap-up: Chipotle Mexican Grill, Inc. (NYSE: CMG) General Motors Company (NYSE: GM) Apple (NASDAQ: AAPL) Dunkin' Brands Group (NASDAQ: DNKN) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 26888 FinancialBuzzMedia
LIVE - Floor of the NYSE! June 29, 2018 Financial News - Business News - Stock News - Market News
 
03:47
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday new home sales for May rose 6.7% to an annualized 689,000 units. Reports that the Trump administration will propose limits on China’s ability to invest in U.S. technology sent markets tumbling. Markets gained back some losses, after White House trade adviser Peter Navarro said there were no immediate plans to prevent China from investing. Nevertheless, the Dow Industrials finished down 328 points and closed below its 200-day moving average for the first time since June 2016. On Tuesday the Case-Shiller home price index for April rose .2% compared to the prior month’s .4% gain. Consumer confidence for June fell 2.4 points to 126.4 on softening expectations for income. U.S. crude shot up 3.5% to $70.48 a barrel after the State Department ordered all companies, both domestic and foreign, to halt imports of Iranian oil by this November. Markets rose slightly, but investors were still cautious due to the seemingly mixed messages regarding trade. On Wednesday durable goods orders for May declined .6% on top of the prior month’s 1.0% loss, and the EIA petroleum status report for the week ending June 22nd showed crude oil inventory declining a sharp 9.9 million barrels. On Thursday, the third estimate of the first-quarter GDP was revised down two-tenths of a percent to 2.0% and jobless claims for the week ending June 23rd rose 9,000 to 227,000. U.S. crude continued to rise, closing at $73.34 a barrel. On Friday personal income for May rose .4% and consumer spending rose .2%. The PCE price index rose .2%. Markets opened sharply higher on strength in the banking sector. Now let’s take a look at some stocks. AT&T (NYSE: T) announced on Monday that it has entered into an agreement to acquire AppNexus. AppNexus will become part of AT&T’s advertising & analytics, led by Brian Lesser, CEO. AppNexus is a technology company that operates a global advertising marketplace and provides enterprise products for digital advertising. EdR (NYSE: EDR) on Monday announced that it has entered into a merger agreement to be acquired by Greystar Student Housing Growth and Income Fund, LP. The transaction is all-cash valued at approximately $4.6 billion, including debt to be assumed or refinanced. Puma Biotechnology, Inc. (NASDAQ: PBYI) announced on Tuesday that a committee within the European Medicines Agency (EMA) has recommended the approval of a marketing application for Neratinib. The drug is an adjuvant treatment of early stage HER2-positive breast cancer. Shares of Puma Biotechnology rose to over $64 after the announcement. Sonic Corp. (NASDAQ: SONC) on Tuesday announced results for its third quarter ending May 31st. Net income per diluted share increased 32% to $0.58 versus $0.44 in the prior-year period. The company repurchased 1.5 million outstanding shares. Shares fell below $33 on Wednesday post announcement. The Madison Square Garden Company (NYSE: MSG) announced on Wednesday that its board of directors has authorized the Company’s management to explore a possible spin-off that would create a separately-traded public company comprised of its sports businesses, including the New York Knicks and New York Rangers. Shares of The Madison Square Garden Company reached an all-time high of $304.45. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 20780 FinancialBuzzMedia
May 20, 2016 Financial News - Business News - Stock Exchange - Market News
 
03:40
May 20, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, the Empire State manufacturing survey for May came in much weaker than expected at -9.02, as New York seems to give back the upward momentum seen in March and April. However, investors ignored that and cheered higher oil prices. U.S. crude futures settled at $47.72 a barrel, and markets rallied, with the Dow Industrials closing up 175 points. On Tuesday, the consumer price index for April was up .4%, and industrial production for April was up .7%, compared to the prior month’s .6% drop. Housing starts for April increased by 6.6% to an annualized 1.2 million units. Several Federal Reserve regional presidents mentioned that they think rate hikes will come this year and that pushed down stocks. The Dow Industrials closed off 180 points. On Wednesday, the EIA petroleum status report for the week ending May 13th increased by 1.3 million barrels. Also, the Fed released minutes from their last meeting, and took a slightly hawkish tone. The Fed feels the slowdown in the beginning of the year was temporary and rate hikes were likely if economic data improves. The U.S. dollar strengthened on the news and the 10 year treasury yield rose to 1.85%. On Thursday, jobless claims for the week ending May 14th were down 16,000 to 278,000. New York Fed President William Dudley made comments suggesting a rate hike was appropriate as early as June, and markets closed down modestly. On Friday existing home sales for April rose 1.7% to an annualized rate of 5.45 million units and markets were up modestly on the news. Now let’s take a look at some stocks. Shares of Wal-Mart (NYSE: WMT) jumped 9% Thursday after the giant retailer released quarterly earnings and surprised investors. Revenue for the quarter was $115.9 billion, an increase from the same period last year of a little over $1 billion. Wal-Mart’s CFO explained that low fuel prices, low unemployment, and low interest rates are important factors for retailers, enticing consumers to spend more. Teen apparel retailer, American Eagle Outfitters (NYSE: AEO), also surprised analysts this week, reporting that sales jumped 32% in the first quarter of 2016, more than twice the 14.9% analysts were expecting. Management explained that a new attractive apparel collection and strong marketing campaigns are driving more traffic to stores. Pfizer Inc. announced on Monday that it will buy Anacor Pharmaceuticals Inc. (NASDAQ: ANAC) in a $5.2 billion deal. Shares of Anacor jumped 69% after the acquisition was announced. Pfizer’s goal is to add Anacor’s eczema gel to its portfolio. Shares of Home Depot (NYSE: HD) fell more than 2% this week. The popular home improvement chain released earnings and the company’s global same-store sales increased by 6.5%, and U.S. same-store sales were up 7.4%. Net income increased to $1.8 billion, or $1.44 per share. The cloud computing giant Salesforce.com (NYSE: CRM) reported its financials just beating analyst’s expectations, with adjusted first-quarter earnings of $0.24 per share on revenue of $1.9 billion, above estimates of $0.23 a share. According to management there is high demand for web-based sales and marketing software. Shares jumped more than 5% on the news. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 26122 FinancialBuzzMedia
October 21, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:33
October 21, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday, the Empire State Manufacturing Survey for October was below zero for the third month in a row, coming in at -6.8, and industrial production for September rose .1% compared to the prior month’s .5% decline. U.S. crude oil fell slightly as production from non-OPEC suppliers continued to grow. On Tuesday, the consumer price index for September rose .3% compared to the prior month’s .2% gain, and stronger than expected quarterly reports helped boost stocks, with 52 companies reporting numbers that beat bottom line estimates. The Dow Industrials closed 75 points higher. On Wednesday, housing starts for September fell 9% to an annualized 1.047 million units, however, permits were up 6.3% to 1.225 million units. The EIA petroleum status report for the week ending October 14th showed a decline in crude oil inventories of 5.2 million barrels, and U.S. crude rose 2.6% to settle at $51.60 per barrel. The Federal Reserve released its Beige Book and it did not contain any surprises, showing a modest economy, not particularly strong with regards to wage growth or inflation, but not exactly weak either. On Thursday, jobless claims for the week ending October 15th rose 13,000 to 260,000 and existing home sales for September rose 3.2% to an annualized 5.47 million units. On Friday markets opened mostly lower on mixed earnings reports and strength in the dollar. Now let’s take a look at some stocks. Netflix, INC. (NASDAQ:NFLX) posted quarterly earnings showing a 50% rise in its consumer base. With several exclusive shows aired across the globe, the company draws far more new customers internationally than in the U.S. Netflix reported earnings of $0.12 per share on revenue of $2.3 billion. Shares soared 20% on the news. Shares of Intel Corp. (NASDAQ:INTC) fell despite beating consensus estimates after the company’s outlook for next quarter’s revenue disappointed. The company reported earnings of $0.80 per share on $15.8 billion in revenue, while for next quarter, they expect $15.7 billion in revenue, however, analysts were expecting closer to $15.9 billion. Harley-Davidson, Inc. (NYSE:HOG), which holds around a 50% share of the motorbike segment, announced its reorganization plan to reduce jobs and cut costs after reporting slipping sales and profits. In the third quarter, sales of Harley reached $1.3 billion, with revenue of motorcycles and related products dropping to $1.09 billion from the $1.14 billion in the same period last year. Shares were up over 7%. Morgan Stanley (NYSE:MS) reported a better-than-expected profit on Wednesday, thanks to a surge in trading revenue. The New York-based firm said net income rose 57% to $1.6 billion, or $0.81 a share, in the third quarter, compared with $1.02 billion, or $0.48 a share from a year earlier. Analysts had expected the company to earn $0.63 a share. Global commerce company eBay, Inc. (NASDAQ:EBAY) tanked more than 7% after the company beat its 3rd quarter earnings, but had soft guidance. eBay reported earnings per share of $0.45 on revenues of $2.2 billion compared to analysts’ expectations of $0.44 on $2.2 billion in revenues. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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January 23, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:57
January 23, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 Markets were closed on Monday for Martin Luther King Day. On Tuesday after switching direction multiple times during the session, U.S. stocks managed to finish higher in the final hour of trading. A late rise in technology and airline shares gave the markets a lift but the price of WTI crude oil fell as much as 5%. In addition, the market is still digesting the impact of last week's currency action set off by the Swiss National Bank. The IMF cut its outlook for global economic growth for 2015 and 2016, projecting growth of 3.5 percent this year and 3.7 percent for next. The National Association of Home Builders reported solid conditions with the housing market index at 57 in January. On Wednesday stocks continued to rise on Wall Street. The biggest story on Wednesday came from Canada, where the Bank of Canada slashed the main overnight interest rate to 0.75%, a move that sent Canadian stocks higher and the Canadian dollar weaker. In the housing market, we got some good news as Housing Starts climbed 4.4%. Housing activity picked up in December and this time strength was in the single-family component. Markets staged a huge rally on Thursday after the European Central Bank announced it would start a much anticipated quantitative easing program to stave off deflation in the Eurozone. The ECB said on Thursday that starting in March it will purchase $70 billion of bonds per month until September 2016. Earnings season is kicking into high gear, companies like Southwest Airlines (NYSE: LUV), Delta Airlines (NYSE: DAL), United Health and Union Pacific (NYSE: UNP) all posted upbeat earnings reports, but Johnson & Johnson (NYSE: JNJ), Morgan Stanley (NYSE: MS), and IBM (NYSE: IBM) were among the others that didn’t perform so well. Next week we will get one of the most watched reports on Wall Street from Apple (NASDAQ: AAPL). On Friday U.S. stocks opened mostly lower as investors considered economic data, earnings and energy costs. January 23, 2015 Weekly Stock Market Wrap up: Union Pacific (NYSE: UNP) Johnson & Johnson (NYSE: JNJ) Morgan Stanley (NYSE: MS) IBM (NYSE: IBM) Apple (NASDAQ: AAPL) Netflix (NASDAW: NFLX) BlackBerry (NASDAQ: BBRY Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
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LIVE - Floor of the NYSE! Apr. 18, 2019 Financial News - Business News - Stock News - Market News
 
04:08
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2019 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2019 This week was shortened due to stock markets closing Friday for Good Friday. On Monday the Empire State manufacturing survey came in at 10.1, compared to the prior month’s 3.7. Markets fell on disappointing earnings from banks and airlines continued to suffer from the grounding of Boeing’s 737 MAX planes. Treasury Secretary Steven Mnuchin said that the U.S. and China were nearing the final round of trade negotiations. On Tuesday industrial production for March fell .1% compared to the prior month’s .1% gain and the housing market index for April rose 1 point to 63. Health care stocks declined as proposed government legislation created uncertainty, however, broader markets rose slightly. On Wednesday the trade deficit for February came in at $49.4 billion, declining $1.7 billion from the prior month and the EIA petroleum status report for the week ending April 12th saw crude oil inventory decline 1.4 million barrels. The Federal Reserve released its Beige Book, which reports economic conditions, and describes consumer spending as mixed to sluggish, employment as still growing and also notes that tight labor is continuing to put moderate pressure on wages. Health care stocks continued to decline on fears of government regulation and China’s economy, industrial production, and retail sales all grew better than expected. Markets ended the day slightly lower. On Thursday jobless claims for the week ending April 13th declined 5,000 to 192,000, its lowest level since 1969, and retail sales for March increased a stronger-than-expected 1.6% compared to the prior month’s .2% decline. Markets opened higher on the news, but the health care sector continued exerting downward pressure on markets. Now let’s take a look at some stocks. Aphria Inc. (NYSE: APHA) shares plunged by 13% on Monday morning after reporting its third quarter results. The cannabis-based company saw losses widening to CAD 43 cents per share, however, revenue surged 617% year-over-year to CAD 73.6 million. Kilograms sold fell to 2,636 from 3,408, while the average retail selling price for medical cannabis increased to CAD 8.03 per gram from 7.51 per gram. Lyft Inc. (NASDAQ: LYFT) shares edged lower by 4.4% on Monday morning after the ride-hailing service company pulled thousands of electric bikes from several cities. Lyft removed bikes in New York, Washington, and San Francisco because of a braking problem. The company is trying to replace about 3,000 of the problematic bikes with traditional bikes to prevent service interruptions. The Company operates about 17,000 traditional bikes in those cities. QUALCOMM Incorporated (NASDAQ: QCOM) shares surged by almost 42% late Tuesday into Wednesday’s open after the company and Apple agreed to dismiss all litigation between the two. Both companies also reached a six-year license agreement, effective April 1st, 2019, including a two-year option to extend, and a multiyear chipset supply agreement. IBM (NYSE: IBM) reported its first quarter results after the market close on Tuesday, coming in with earnings of $2.25 per share on revenue of a little over $18 billion. Earnings didn’t disappoint, however, revenue was lower than expected which caused shares to fall by 4%. IBM reiterated its full-year earnings guidance of $13.90 per share. Netflix, Inc. (NASDAQ: NFLX) reported its first quarter results after market close on Tuesday, with the streaming giant earning 76 cents per share on revenue of $4.5 billion. The company saw its revenue increase 22% year-over-year, while domestic paid subscriber additions was 1.7 million for the quarter and international paid subscriber additions was almost 7.9 million. Netflix also provided a lower guidance, causing shares to fall by 1% on Wednesday. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
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LIVE - Floor of the NYSE! June 9, 2017 Financial News - Business News - Stock News - Market News
 
03:47
Watch Us LIVE from the Floor of NYSE! June 9, 2017 Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2017 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2017 On Monday markets didn’t show much reaction to Saturday’s terrorist attack in London. Nonfarm productivity for the first quarter remained unchanged compared to the fourth quarter’s .6% decline. Unit labor costs rose 2.2%. Factory orders for April decreased by .2%, and the ISM non-manufacturing index slipped six-tenths of a point to 56.9. On Tuesday, the JOLTS job openings report for April rose 4.4% to 6.044 million, a record high. Ten year Treasuries yielded 2.14%, and gold climbed 1.2% to close at $1,297 an ounce, its highest level since last November. On Wednesday, the EIA petroleum status report for the week ending June 2nd saw an unexpected rise of crude oil inventory by 3.3 million barrels. On Thursday, jobless claims for the week ending June 3rd fell 10,000 to 245,000. Former FBI Director James Comey testified before the Senate Intelligence Committee, however, markets didn’t see a smoking gun to indicate any severe damage to President Trump. The European Central Bank left interest rates at 0% for the fifth straight quarter and said it would extend its quantitative easing program if necessary. The Euro dropped against the US dollar on the news and markets ended the day slightly higher. On Friday surprise results came in from the U.K elections with the U.K’s ruling Conservative Party losing its parliamentary majority, however, U.S. markets opened strongly higher. Now let’s take a look at some stocks. G-III Apparel Group, Ltd. (NASDAQ: GIII) reported fiscal first quarter results with net sales increasing 16% to $529 million compared to $457 million a year ago. Chairman and CEO, Morris Goldfarb stated that the wholesale business was strong, even in a difficult market. Shares surged over 20% Tuesday morning on early trading. Ambarella, Inc. (NASDAQ: AMBA) has posted fiscal first quarter results with revenue up 12.2% year-over-year and earnings per share of $0.07 compared to $0.05 a year ago. However, a slightly weaker than anticipated guidance for this quarter spooked investors. Shares fell over 10% on the news. Shares of Nordstrom, Inc. (NYSE: JWN) were up over 12% Thursday morning after announcing plans to consider going private. The press release by the retailer announced that a collection of Nordstrom family members will debate the next moves of the company and the board of directors has created a special committee to review any proposals. Shares rose on pre-market trading to almost $50 Thursday morning before selling off after the market open. Alibaba Group Holding Limited (NYSE: BABA) shares rose to over $143 in premarket trading on Thursday after the CFO forecast full-year revenue growth that surprised investors and analysts. The Hangzhou-based company now anticipates revenue growth of 45-49% in fiscal year 2018. Analysts had projected an average revenue growth of 35%. Tesla, Inc. (NASDAQ: TSLA) continues to rally after CEO Elon Musk provided details last Tuesday about its electric semi-truck and Model Y crossover during Tesla’s annual meeting in Mountain View, California. He said the semi-truck will be unveiled in late September this year and the Model Y is planned to unveil as soon as late 2019. The company is also preparing to produce the Model 3 next month. Tesla reached an all-time high on Thursday of $371.90 per share with over 9 million shares traded. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 22010 FinancialBuzzMedia
LIVE - Floor of the NYSE! May 12, 2017 Financial News - Business News - Stock News - Market News
 
03:38
Watch Us LIVE from the Floor of NYSE! May 12, 2017 Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2017 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2017 On Monday, markets were relived at the results of France’s presidential election, with Emmanuel Macron winning. Macron’s win alleviated concerns that France would seek to withdrawal from the EU, had his opponent won. The VIX volatility index closed at around 10 and at its lowest level since 1993. Markets gained very slightly, but it was enough for the S&P 500 and Nasdaq composite to close at a record high. On Tuesday, the Small Business Optimism Index fell two-tenths of a point to 104.5, remaining very strong and the JOLTS job openings report for March gained 1% to 5.743 million. North Korea revealed to the UK that it plans to conduct another nuclear test. Markets fell modestly. On Wednesday, import prices for April rose .5% while export prices rose .2%, and the EIA petroleum status report for the week ending May 5th showed crude oil inventory dropping 5.2 million barrels. President Trump’s firing of FBI Director James Comey didn’t seem to cause much market reaction as investors were more concerned with pending tax reform. The Dow Industrials ended the day down slightly, however, the S&P 500 and Nasdaq composite were up slightly to both close at record highs. On Thursday, jobless claims for the week ending May 6th fell 2,000 to 236,000 and the producer price index for April rose a strong .5%, compared to the prior month’s .1% decline. West Texas crude increased over 3% to settle at $47.33 a barrel. On Friday, the consumer price index for April rose .2% and retail sales for April rose .4%. Retail was not quite as strong as most analysts projected. Markets opened down slightly on the news. Now let’s take a look at some stocks. On Tuesday, Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX), announced its financial results for the first quarter, reporting its first profit in six quarters. Shares of the company jumped almost 21% on the news. Valeant continues to peak investor interest as share prices rose to over $14 Thursday morning. The Priceline Group Inc. (NASDAQ: PCLN) saw its first quarter revenue miss estimates. The company reported after market close on Tuesday, with shares falling over 3% after the announcement, and continued drifting lower to reach just above $1,800 per share. On Tuesday after the closing bell, Electronic Arts Inc. (NASDAQ: EA) announced its fourth quarter results for the period ending March 31. The price surged to over $110 per share Wednesday as the gaming company reported record game downloads and a share repurchase program of up to $1.2 billion worth of common stock that expires May 31st, 2019. Yelp. Inc. (NYSE: YELP) announced its financial results for the first quarter. Even though revenue increased 24% to $197 million, the company still missed expectations of $198 million. Shares of Yelp plunged 25% in after-hours trading Tuesday on the miss and after the company issued lowered guidance for the full year. Macy’s Inc. (NYSE: M) shares fell as much as 13% on Thursday after the department store operator reported revenue and earnings that missed analyst estimates, raising concerns about the company’s turnaround plan. Macy’s reported adjusted profit was 24 cents a share in the fiscal first quarter, missing analyst estimates of 35 cents per share. The clothing retailer fell below $25.00 a share on Thursday. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 23507 FinancialBuzzMedia
LIVE - Floor of the NYSE! Oct. 19, 2018 Financial News - Business News - Stock News - Market News
 
04:10
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday retail sales for September rose .1% on top of the prior month’s .1% gain. The Empire State manufacturing survey for October rose 2.1 points to 21.1. Business inventories for August rose .5% on top of the prior month’s .7% gain. Tech stocks led markets down and the Dow Industrials closed 89 points lower. On Tuesday industrial production for September increased .3%, the housing market index for October rose 1 point to 68, and the JOLTS job openings report for August increased almost 1% to a record 7.136 million. Markets soared as some large companies released strong quarterly earnings. The Dow Industrials gained 547 points and the Nasdaq Composite rose 2.9%. On Wednesday housing starts for September declined 5.3% to an annualized 1.201 million units and the EIA petroleum status report for the week ending October 12th saw crude oil inventory rise 6.5 million barrels. The Federal Reserve released minutes from its meeting last month and held steady with the need to continue raising rates. Policymakers discussed the possibility of at some point raising rates beyond normalization levels if the economy becomes overheated. In addition, the word accommodative was removed from the description of policy because Fed members thought it would create a false sense of precision of what exactly the neutral policy rate should be. Markets were mixed on the news, and the yield on 10-year Treasuries rose to 3.19%. On Thursday jobless claims for the week ending October 13th fell 5,000 to 210,000. Markets fell sharply as investors were nervous over rising interest rates, and trade tensions with China. China’s economy reported a slowing GDP and concerns are rising that it could drag down global growth. The Dow Industrials closed down 327 points. On Friday existing home sales for September fell 3.4% to an annualized 5.15 million units. Markets opened sharply higher on strong corporate earnings. Now let’s take a look at some stocks. On Monday, Adobe Inc. (NASDAQ: ADBE) announced at its Adobe Max event updates to its Creative Cloud application. Along with the updates, Adobe introduced a new editing application: Adobe Premiere Rush. At the event, GoPro also announced news that it will be collaborating with Adobe to bring its video clips to the Adobe Stock marketplace. Adobe shares traded 7.1% higher on Monday. The Goldman Sachs Group, Inc. (NYSE: GS) reported its third quarter results on Tuesday and topped analysts’ estimates, sending shares 1% higher. The company reported revenue of $8.65 billion and earnings per share of $6.28. The stronger than expected quarter was driven by higher revenue in the bank’s Investment Banking and Investment Management units. Netflix Inc. (NASDAQ: NFLX) reported its third quarter financial results after market close on Tuesday, with diluted earnings per share of 89 cents on revenue of $3.9 billion. The stronger than expected results were driven by its international user growth, as it added 5.9 million new users, for a total of 78.6 million users. Shares were up 7.2% on the news. International Business Machines Corporation (NYSE: IBM) announced its third quarter results on Tuesday that missed analysts’ estimates and sent shares down more than 7%. The company had three previous consecutive quarters of revenue growth, but found itself again with declining revenue. IBM reported that revenue fell by 2% to $18.8 billion with $3.42 EPS. Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk finalized his settlement with the SEC on Tuesday. Under the agreement, Musk and Tesla will both pay a $20 million fine and Musk will step down as Chairman. Along with the settlement, Musk announced he will also purchase $20 million worth of Tesla’s common stock. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 12162 FinancialBuzzMedia
LIVE - Floor of the NYSE! Oct. 12, 2018 Financial News - Business News - Stock News - Market News
 
04:12
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday there wasn’t much economic news and the U.S. bond market was closed due to the Columbus Day holiday. Markets were mixed as investors remained concerned over rising interest rates, a strong dollar, and rising wages. China lowered reserve requirements for its banks, causing the yuan to drop as the country tries to increase growth in the face of trade uncertainty. On Tuesday, the NFIB Small Business Optimism Index for September fell .9 points to 107.9, retreating slightly from August’s record high. The IMF reduced its global growth projections, partly due to trade tensions between the U.S. and China. Markets gyrated between loss and gain to close mostly mixed. On Wednesday the producer price index for September rose .2% compared to the previous month’s .1% decline. Year-over-year the PPI gained 2.6%. Fears of rising interest rates dragging down corporate earnings sparked an intense selloff, particularly in the tech sector. The Dow Industrials fell 3.2% or 832 points, while the Nasdaq Composite lost 4% and the S&P 500 lost 3.3%. On Thursday the consumer price index for September increased .1% on top of the prior month’s .2% gain, and jobless claims for the week ending October 6th increased 7,000 to 214,000. The EIA petroleum status report for the week ending October 5th saw crude oil inventory increase 6 million barrels. The selloff continued with the Dow Industrials closing down 545 points, the Nasdaq Composite losing 1.3%, and the S&P 500 losing 2.1%. Ten year Treasuries fell 2 basis points to 3.15%, West Texas Intermediate crude fell 3.2% to $70.87 a barrel and gold rose 2.4% to $1,223 an ounce. On Friday import prices for September rose .5% compared to the prior month’s .4% decline and export prices remained unchanged compared to the prior month’s .2% drop. Markets opened strongly higher as tech stocks recovered sharply. Now let’s take a look at some stocks. Sears Holdings Corporation (NASDAQ: SHLD) announced on Tuesday that Alan J. Carr, Managing Member and CEO of Drivetrain, LLC, has joined the Board of Directors. Carr is an investor and advisor leading complex financial restructurings. Shares of Sears reached an all-time low of $0.34 on Thursday. Fastenal Company (NASDAQ: FAST) on Wednesday announced its financial results for its third quarter. Net sales increased $147 million, or 13.0%, year-over-year and operating income improved by 14.8% year-over-year. Fastenal shares reached a low of $50.73 on Thursday. Snap Inc. (NYSE: SNAP) announced on Wednesday, plans to produce its own new original content called Snap Originals. Investors continue to fear Snap’s slowing user growth and revenue. Snap reached an all-time low of $6.46 a share on Thursday. Square, Inc. (NYSE: SQ) announced on Wednesday that Sarah Friar will step down as Chief Financial Officer in order to accept an offer to become Chief Executive Officer of Nextdoor. Square reached a low of $65.00 per share post announcement. Delta Air Lines (NYSE: DAL) reported on Thursday morning its third quarter financial results with adjusted operating revenue of $11.8 billion up $912 million, or 8%, year-over-year. Total adjusted operating expenses increased $1 billion versus a year-ago, with more than half of the increase driven by higher fuel prices. Shares of Delta Airlines rose, reaching a high of $52.60 on Thursday post announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 17632 FinancialBuzzMedia
LIVE - Floor of the NYSE! August 3, 2018 Financial News - Business News - Stock News - Market News
 
04:14
Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday the pending home sales index for June rose .9% compared to the previous month’s .5% decline. Markets dropped with the tech sector hit particularly hard as investors stared to pause and examine recent run-ups in valuations. The Nasdaq Composite lost 1.4%. On Tuesday personal income for June increased .4% on top of the prior month’s .4% gain. Consumer spending increased .4% on top of the prior month’s .5% gain, and the PCE price index rose .1%. The employment cost index for the second quarter rose .6% and consumer confidence for July rose 1 point to 127.4. The Case-Shiller home price index for May rose .2%. Markets rose on a report that said the U.S. and China were trying to restart talks aimed at preventing a full-blown trade war between the two countries. On Wednesday the ADP employment report for July showed a 219,000 increase in private payrolls, and construction spending for June declined 1.1%. The PMI manufacturing index for July declined one-tenth of a point to 55.3 and the ISM manufacturing index for July also declined, losing 2.1 points to 58.1. The FOMC finished their two-day meeting and, as expected, did not raise interest rates. The Fed described both economic activity and household spending as strong, which was better than previous reports. Markets declined, however, as news broke that the Trump administration is considering raising tariffs on Chinese goods from 10% to 25%. On Thursday jobless claims for the week ending July 28th increased 1,000 to 218,000 and factory orders for June rose .7% on top of the previous month’s .4% gain. Markets rose, especially the Nasdaq Composite as Apple became the first U.S. publicly traded company to reach a $1 trillion market value. On Friday nonfarm payrolls for July increased 157,000, below expectations, and the unemployment rate ticked down to 3.9%. Average hourly earnings increased by .3%. Markets opened modestly higher on the news. Now let’s take a look at some stocks. Shopify Inc. (NYSE: SHOP) announced on Tuesday financial results for its second quarter with total revenue of $245 million, a 62% increase year-over-year. Subscription Solutions revenue grew 55% to $110.7 million. Apple, Inc. (NASDAQ: AAPL) announced on Tuesday, financial results for its fiscal third quarter. The company posted revenue of $53.3 billion, an increase of 17% year-over-year. Shares of Apple reached an all-time high of $208.38 on Thursday. SodaStream International Ltd., (NASDAQ: SODA) a manufacturer of home beverage carbonation systems, announced on Wednesday its quarterly results. Revenue increased 31.3% to $171.5 million, compared to $130.6 million a year ago. Operating income increased 89.1% to $31.8 million, compared to $16.8 million a year ago. SodaStream reached an all-time high of $115.48 per share on Thursday. Tesla Inc. (NASDAQ: TSLA) reported second quarter results on Wednesday and saw its automotive revenue increase by 23% over the first quarter and by 47% year-over-year. Services and other revenue increased by 25% year-over-year primarily due to higher used car sales. Tesla’s shares reached a high of $349.99 on Thursday. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) reported on Thursday, results for its second quarter with revenue of $4.7 billion, a decrease of 18%. Gross profit was $2.1 billion, a decrease of 28% year-over-year. Research and Development (R&D) expenses decreased 38% to $290 million. Shares of Teva fell to under $22 on Thursday, post announcement. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 21649 FinancialBuzzMedia
June 19, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:24
June 19, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, industrial production for May was down .2%, lower than expected and it follows April’s .3% decline, and the Empire State manufacturing survey slid to its weakest level in more than two years, coming in at -1.98 for June. Better news was the housing market index for June, showing sales of new homes increasing 9% to 59, and above economists’ expectations. Talks between Greece and its creditors fell apart over the weekend and this weighed negatively on markets. Stocks closed the day moderately lower. On Tuesday, housing starts for May dropped 11.1%, however, this was after an extremely strong April report. In addition, building permits increased 11.8%, pointing to continued strength. On Wednesday, the Federal Reserve finished its meeting and decided not to raise interest rates. In addition, they downgraded their economic forecasts for the remainder of the year, with unemployment going up slightly and the GDP lower than initially projected. Markets closed slightly higher on the news. On Thursday, the consumer price index for May was up .4%, mostly due to more expensive gasoline. Jobless claims for the week ending June 13th were 267,000, down 12,000. Markets soared on a delayed reaction to the Fed’s loose monetary policy and the NASDAQ closed at a record high. On Friday, Greece's 1.5 billion euro debt payment due on June 30th was weighting on investors, and markets opened slightly lower. Now let’s take a look at some stocks. Now let’s take a look at some stocks. BlackBerry Ltd(NASDAQ:BBRY) made news at the start of the week after rumors surfaced that the company will be implementing Google’s Android OS into a new smartphone that the company is developing. Currently, investors are on both sides of the fence on whether or not it will help BlackBerry. Gap Inc. (NYSE:GPS) announced plans to close 175 stores over the next few years. The closures are expected to equate to annual sales losses of almost $300 million, but is expected to be offset by cost savings and Gap’s new digital market which includes improvements to their online and mobile businesses. Fitbit Inc(NYSE:FIT) shares soared Thursday on their first day of trading on the New York Stock Exchange; increasing more than 49% over their IPO price, ending their first day at almost $30. Fitbit is a manufacturer of a wearable exercise-monitoring device and has been deemed the best tech IPO this year, after raising almost $750 million. Walt Disney Co(NYSE:DIS) shares were up Thursday after the company released a summary of recent earnings from their broadcast of the NBA finals. It is estimated that the company will earn almost $224 million for the six basketball games during the finals. Kythera Biopharmaceuticals, Inc. shares spiked up on Wednesday, from $60 to $74, after it was announced that Allergan will be acquiring the company for approximately $2.1 billion. The acquisition is meant to further expand Allergan’s cosmetic facial pipeline. Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
Views: 13300 FinancialBuzzMedia
March 20, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News
 
03:22
March 20, 2015 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2015 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2015 On Monday, the Empire State manufacturing survey for March was released, dropping by 11% and particularly weak with respects to new orders. Industrial production for February was up a weak %.1 and the capacity utilization rate fell slightly to 78.9%. On Tuesday, housing starts for February fell an unexpectedly sharp 17% to 897,000 units. However, building permits were up 3% to a little over 1 million units. Wednesday was the big day everyone was waiting for, the Fed finished its meeting and issued a statement without the word “patient”, implying that interest rate increases were coming soon. However, the statement maintained a dovish tone stating "an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting." In a news conference, Fed Chair Yellen said they are still looking for improvement in the labor market and higher inflation before raising the federal funds rate. Markets quickly shot up on the news, however, the dollar index slumped as much as 3% in a strong selloff. On Thursday, jobless claims for the week ending March 14 were virtually unchanged, up 1,000 to 291,000. Crude futures fell more than 3% to below $44 a barrel after news from OPEC raised fears of oversupply. On Friday, stocks open sharply higher as the dollar show signs of weakness. Now let’s take a look at some stocks. Netflix, Inc. shares slumped more than 3% at the start of the trading Monday after investment bank Evercore downgraded the online video streaming company from “hold” to “sell” and also slashed the company’s price target to $380 from $450. The downgrade was due to increased competition in the industry from existing and emerging distributors. General Electric Company saw its stock steadily increase this week following an announcement last Sunday stating that the company will sell its consumer-lending business in Australia and New Zealand to a group of investors in a transaction worth approximately $6.3 billion. The investing group consists of global investment firm Varde Partners based out of Minneapolis, KKR & Co. and Deutsche Bank. Kraft Foods Group, Inc.’s stock slumped on Wednesday after the company issued a recall for more than 6.5 million boxes of their Macaroni & Cheese following reports from customers that found small metal fragments inside. Thus far, no injuries have been reported but Kraft recommended that consumers should return the product to the store where it was purchased for an exchange or refund. Herbalife, Ltd. surged more than 12% Wednesday after the nutrition company won a dismissal of a lawsuit filed by a shareholder alleging that he lost money following the accusations made by hedge-fund manager William Ackman. Ackman claims Herbalife is a pyramid scheme, however, a U.S. District Judge in Los Angeles stated that the shareholder did not present credible evidence showing that Herbalife misrepresented itself. March 20, 2015 Weekly Stock Market Wrap-up: Netflix (NASDAQ: NFLX) General Electric Company (NYSE: GE) Kraft Foods Group Inc. (NASDAQ: KRFT) Herbalife Ltd. (NYSE: HLF) Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2015 http://www.financialbuzz.com financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news, © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law
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October 14, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News
 
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October 14, 2016 Financial News - Business News - Stock Exchange - NYSE - Market News CLICK HERE➡ ➡ http://FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2016 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2016 On Monday U.S. crude rose 3.1% to settle at $51.35 a barrel, its highest level since July, 2015. The sharp gain was credited to comments by Russian President Vladimir Putin, stating that Russia is willing to back proposed caps on oil output by OPEC members. The Dow Industrials closed up 88 points on the news. On Tuesday, the dollar rose slightly on expectations of a December rate hike, and the 10 year Treasury note closed yielding 1.76%. Earnings season officially kicked off with Alcoa reporting disappointing numbers. Markets ended the day down sharply, with the Dow Industrials off 200 points. On Wednesday, the JOLTS job report for August showed job openings fell a sharp 7.3% to 5.443 million. The Federal Reserve also released minutes from last September’s meeting. Three of seven voting members wanted to increase rates, worried that if the Fed waits too long, it would have to play catch-up and raise rates too fast in the future, thus causing a recession. However, the other seven members argued that the economy is still growing slowly and that inflation is still low, and a rate hike is still premature. On Thursday, jobless claims for the week ending October 8th remained unchanged from the prior week at 246,000. Import prices for September rose .1% and export prices rose .3%. On Friday retail sales for September were up .6%, compared to the prior month’s .3% drop, and the producer price index was up .3%, compared to the prior month remaining unchanged. Markets were up sharply after strong earnings were reported by some large banks. Now let’s take a look at some stocks. On Tuesday, Alcoa Corporation (NYSE:AA) posted its final quarterly results before splitting into two companies and worse-than-expected earnings and revenue sent the stock down more than 10%. The 128-year-old aluminum maker said revenue fell 6% to $5.2 billion, missing analysts’ projection of $5.3 billion. The company also said the worse-than-expected revenue was due to the impact of closed operations and lower alumina pricing. American public furniture and electronics rent-to-own company, Rent-A-Center, Inc. (NASDAQ:RCII) warned investors that the company will miss on third quarter earnings per share. The company estimated its core U.S. same store sales for the quarter to be down approximately 12%. CEO Robert Davis commented that a new point-of-sale system experienced performance issues and outages that resulted in a larger than expected negative impact on core sales. Shares were down over 30% after the announcement. On Wednesday, Wells Fargo & Co (NYSE:WFC) CEO John Stumpf resigned due to the ongoing scandal caused by Wells Fargo employees creating about two million fake accounts without customers' knowledge. Stumpf’s response to the scheme was severely criticized by Senator Elizabeth Warren, who called Stumpf a "gutless leader" who "should be criminally investigated." Progressive Corp. (THE) (NYSE:PGR), an insurance holding company, announced quarterly earnings of $0.34 per share, missing consensus estimates by $0.02. The company made $6.05 billion during the quarter, beating analyst estimates of $6.04 billion with a net margin of 4.8% and a return on equity of 13.6%. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.
Views: 18018 FinancialBuzzMedia

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