Amazon.com Inc. (NSDQ:AMZN)stock fell by more than 5 % over the last week. There were a series of service announcements last week by Amazons cloud-computing business, AWS, but they also didn’t do much to support the falling AMZN stock. However, AWS re:Invent 2016 has reaffirmed that AWS is one strong reason to buy AMZN stock now. AWS is expected to top $12 billion in revenue this year, compared....More>>>
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At a moment when overall home sales are slowing, the first-time homebuyers market is hot. First-timer demand in the third quarter hit its highest level since the same quarter of 2000, Genworth Mortgage Insurance reported Tuesday.
The "game of catch-up" just kicked into overdrive… On July 11, the benchmark S&P 500 Index broke out to an all-time high. That day, I showed my DailyWealth Trader subscribers that after the S&P 500 hits its first all-time highs in at least a year, it nearly always (92% of the time) continues higher. And its average gains over the following 12 months are far....More>>>
Hey, Alexa, can anything stop Amazon?
Shares of the e-commerce king, which is also now a cloud computing giant, connected-home leader, drone company, freight airline, Hollywood studio and even a traditional brick-and-mortar retailer, rose above $900 for the first time Tuesday.
It’s another all-time high.
Amazon (AMZN, Tech30) stock is on a seven-day winning streak.....More>>>
Iconix Brand Group (ICON) announced a divestiture, and a rather significant one. The company is selling its Sharper Image Brand in a $100 million deal, reducing its net debt position by roughly a tenth.
This is a surprising move after the company has gone on an acquisition spree over the past decade, resulting in elevated debt ratios and negligence of the 篓own篓 brands. This divestiture....More>>>
A December interest rate hike is on the table and investors have been frantically reallocating their portfolios in anticipation of the announcement. The probability of an interest rate hike at the December 14th FOMC meeting, according to action in the futures market, is currently implied at 95.4%. The image below shows the latest probabilities from CME Group’s Fed Watch Tool
American Express is joining the movement for expandedparental leave, and it’s doing so in a big way.
The credit card giant announced on Monday that it would be widening its parental leave program to now offer paid maternal or paternal leave for up to 20 weeks. Mothers who give birth and need additional medical leave will also be able to take another six to eight weeks before returning....More>>>
State College, PA, based Investment company PFG Financial Advisors buys Colgate-Palmolive Co, BHP Billiton, SPDR S&P Insurance, WisdomTree MidCap Earnings Fund, General Electric Co, iShares Global Infrastructure ETF, Regions Financial, Ford Motor Co, Hormel Foods, iShares Core S&P Total U.S. Stock Market, sells iShares Core S&P Mid-Cap, iShares Core S&P Small-Cap, iShares Core MSCI....More>>>
Syngenta AG (SYT) CEO Erik Fyrwald said Wednesday that he was “entirely confident” the company’s $43 billion takeover by China National Chemical Corp. would close in the second quarter of this year and dismissed suggestions it would be disrupted by a third party.
Speaking with CNBC Europe television following the Swiss pesticides group’s full year earnings report,....More>>>
The November OPEC meeting is tomorrow and the stakes are high for the entire energy sector.
At this week’s meeting, the cartel will try to reach its first official production agreement since 2008 in a bid to raise global crude oil prices.
At the September OPEC meeting, the cartel surprised the world by announcing it had reached a tentative agreement to cut oil production....More>>>