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- Ford shares on pace for best week since June on new products, earnings expectations
- Two-day bitcoin sell-off wipes out over $100 billion from the entire crypto market
- Nasdaq rises to record as investors buy Apple ahead of earnings, S&P 500 is flat
- Biden will keep Christopher Wray as FBI director, White House says
- Pete Buttigieg vows to ensure transportation safety in pandemic during his DOT confirmation hearing
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Thomas Franck’s Posts
Biotech was one of the decade’s best bets as innovation fueled the discovery of treatments once thought beyond modern medicine.
United States Steel headed for one of its worst days of the year on Friday after it cut its dividend to 1 cent, warned that fourth-quarter profit losses will be worse than expected and announced plans to lay off about 1,500 workers at a Michigan plant.
Treasury Secretary Steven Mnuchin said Thursday he has no doubt that U.S. and Chinese trade negotiators will sign their “phase one” trade deal in early January.
A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions, rekindling concerns that new combatants in Wall Street’s “Streaming Wars” could hamstring current players.
Boeing will still burn more than $1 billion a month even after halting 737 Max production, according to J.P. Morgan.
The Business Roundtable says in its first forecast for 2020 that members see just 2.1% growth next year.
The government reported Friday that payrolls increased by 266,000, easily besting the 187,000 estimate economists polled by Dow Jones had forecast. The unemployment rate ticked back down to 3.5%, matching an earlier 2019 low that at the time was the lowest since 1969.
The bill would bar mergers including a company with over $40 billion in annual revenue or two companies each with at least $15 billion in annual revenue.
The economic fight between the U.S. and China that has roiled financial markets over the last two years could next blossom into a full-blown war for investing capital and ultimately, for the prestige of the globe’s reserve currency, hedge fund magnate Ray Dalio said.
Jeff Bezos out $107 billion. Warren Buffett short $77 billion.
That’s how much the net worth of each man would have been cut since the 1980s if Sen. Bernie Sanders’ tax policy had been adopted at the time, according to two University of California economists who study the growing concentration of wealth in the U.S.
Wall Street’s most prominent investors are warning the sky would fall if Sen. Elizabeth Warren wins the presidency in 2020, promising a market sell-off and economic contraction if the Massachusetts Democrat comes out on top.
The October 2019 employment report showed U.S. companies collectively added way more jobs than expected during the month, as robust gains in leisure and hospitality and persistent strength in health care offset expected softness in manufacturing.
U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline.
The stock market’s surge to new highs on Monday shows the historic bull market that began in 2009 is resuming its climb and should be viewed as a green light for investors over the next few months, according to Wall Street’s chart analysts.
The U.S. Treasury on Friday said that the federal deficit for fiscal 2019 was $984 billion, a 26% increase from 2018 but still short of the $1 trillion mark previously forecast by the administration.