Related AAPL PC Shipments Fall Below 63 Million Units For First Time Since 2007 19 Stocks Moving In Wednesday's Pre-Market Session How China And Apple Could Thwart Optical Industry Consolidation (Investor’s Business Daily)
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Preet Bharara is known for his fierce pursuit of insider trading and corruption cases. Now, he’s out.
On Friday, Bharara was one of 46 U.S. attorneys asked to resign by President Trump. That was a standard move for a new president. But Trump, during his transition, had asked Bharara to stay on. After Bharara refused to resign, he was fired by Trump on Saturday.
For retirement savers, a new era of clarity was supposed to dawn in April. Instead, they’ve been left in the fog.
SEE ALSO: 10 Financial Decisions That Will Haunt You Forever
A U.S. Department of Labor rule that was set to take effect April 10 would have made all financial professionals offering advice on retirement accounts subject to a “fiduciary” duty to....More>>>
Bank stocks have rallied since Donald Trump’s election victory–even Wells Fargo (WFC), which had been hit hard by its cross selling scandal. It’s not hard to see why: Higher rates and better economic growth should be good news for ones that have been in the penalty box. And yes, Wells Fargo is still in the penalty box, say Instinet’s Bill Carcache and Yuman Lui, but that....More>>>
On Feb. 3, President Donald Trump signed an executive order that directed the Department of Labor (DOL) to do a cost-benefit analysis of the fiduciary rule, leaving both financial firms and retirees asking, “Will the fiduciary rule be delayed?”
Originally, the rule was supposed to go into effect on April 10 — just over a month away.
But before that happens, the....More>>>
Government and Regulatory
According to sources, China is getting close to announcing a revised National Reimbursement Drug List (NRDL), the group of drugs covered by China’s national insurance plan. There will be 300 additions, 130 of which will be chemical drugs. The rest will be traditional Chinese medicines. This is the first update of the NRDL since 2009. Last May, China negotiated....More>>>
Credit Suisse analysts Susan Roth Katzke and Athena Xie argue that “there’s upside to be realized” in big banks stocks like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Goldman Sachs (GS). They explain why:
The CS Large Cap Banks are ~30% above their mid-February lowsbut still down 4% year-to-date and trading at....More>>>
The U.S. stock market finished lower Friday but higher for the week as Wall Street heads into a holiday-shortened week whenthe focus will be on a slew of economic dataandfresh scrutiny of a suddenly surging U.S. dollar and rising interest rates.
The past week on Wall Street centered on competing forcesas the domestically focused small-company Russell 2000 stock indexcontinued itshot streak,....More>>>
On Monday, our Under the Radar Moversnewsletter suggested shorting women’s health stock Juniper Pharmaceuticals (NASDAQ: JNP):
Juniper Pharmaceuticals shares have yet to break under a key support level at $5.00. But, waiting until that happens may be too late. After some continued testing of that floor, if-and-when the support should break, the ensuing selloff could materialize in a....More>>>