The price of crude oil topped out in June 2014, then bottomed in February 2016 and has since partially recovered. During this period, the price of oil plunged by 76% and reached historic proportions, even in relation to other energy boom and bust cycles of the past. Let’s update the energy sector’s present status and use historical trends to anticipate what the future holds for investors.....More>>>
Trivago NV – ADR (NASDAQ: TRVG) shares dipped 24.8 percent to $11.23 after the company lowered its guidance. At Home Group Inc (NYSE: HOME) dropped 11.4 percent to $22.70. At Home Group reported Q2 adjusted earnings of $0.18 per share on revenue of $232.1 million. Pulmatrix Inc (NASDAQ: PULM) declined 8.1 percent to $2.27 after gaining 33.51 percent on Tuesday. Vectura Group reported....More>>>
(Photographer: Andrew Harrer/Bloomberg)
Disclosure: I have no positions in Goldman Sachs, Caterpillar, JPMorgan Chase, American Express or UnitedHealth.
Goldman Sachs is the biggest gainer since the close on election day followed by Caterpillar, JPMorgan, American Express and UnitedHealth.
The Dow Jones Industrial Average set an all-time intraday high of 19,083.76 on Wednesday,....More>>>
Toward the end of trading Wednesday, the Dow traded up 0.42 percent to 21,845.34 while the NASDAQ climbed 0.41 percent to 6,401.95. The S&P also rose, gaining 0.42 percent to 2,468.27.
Leading and Lagging Sectors
Wednesday afternoon, the energy shares surged 1.23 percent. Meanwhile, top gainers in the sector included Frontline Ltd. (NYSE: FRO), up 5 percent, and JA....More>>>
Warren Buffett. Image source: The Motley Fool.
Since the beginning of 2016, Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has seen the value of the seven bank stocks in its investment portfolio increase by $5.6 billion, or 10.8%.
That’s a lot of money, butwhen you compare it to how blue-chip bank stocks performed more generally, something interesting sticks out. While Berkshire’s....More>>>
U.S. equities cooled their heels after Tuesday’s big push to new record highs — led by mega-cap tech stocks in the Nasdaq Composite — as President Trump unveiled his tax plan.
The disappointment was palpable on a lack of specifics after months of teasing from the White House. Stocks have gained trillions in market cap value in anticipation of Trump’s proposed pro-business....More>>>
Staples Inc(NASDAQ:SPLS) stock has been on a tear over the last few days amid rumors of a potential buyout.According toThe Wall Street Journal, the company is in talks with private-equity firms to sell itself after regulators blew up its planned merger withOffice Depot(NASDAQ:ODP)last year.
The office supply industry has been under pressure for several years, as the internet and digitization....More>>>
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AmeriLife Faces DOL Rule With Two-Track Strategy
Your People LLC, a San Francisco-based company that provides payroll and other services online for businesses, has been fined $1.2 million by New York state regulators for improperly selling insurance products.
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DOL Fiduciary Rule Could Be Halted Within Days of Inauguration
New York Attorney General Eric T. Schneiderman says it has found that Citigroup overcharged 47,000 clients of managed investment accounts to the tune of more than $22.5 million.
Citi has agreed to the findings.....More>>>
U.S. Bancorp chairman and CEO Richard Davis. Image source: U.S. Bancorp.
One of this era’s most successful bankers has decided to relinquish the reins. U.S. Bancorp (NYSE:USB) announced on Tuesday that chairman and CEO Richard Davis will step down from his role as CEO at the bank’s annual meeting in April. He’ll stay on as executive chairman of the board, while President....More>>>