MEXICO CITY — Mexico chalked up its 16th consecutive quarter of economic growth in the April-to-June period as strong services output compensated for sluggish industrial production.
Gross domestic product, a measure of output in goods and services, expanded 0.6% seasonally adjusted from the first quarter and was up 1.8% from a year before, the National Statistics Institute said Tuesday.
PayPal Holdings Inc. (NASDAQ: PYPL) released third-quarter earnings report after markets closed on Thursday. The company said that it had $0.35 in in earnings per share (EPS) and $2.67 billion in revenue. There were consensus estimates from Thomson Reuters that called for $0.35 in EPS on $2.65 billion in revenue. The same period from last year had $0.31 in EPS on $2.26 billion in revenue.
Bitcoin prices are the worst nightmare for blockchain critics. After breaking the previously unimaginable $10,000 level, bitcoin plummeted from profit-taking. But soon after, trading normalized, sending bitcoin well above $11,000. However, this robust success represents a quandary: interest for lower-priced “penny cryptocurrencies” has never been higher, yet relatively few know where....More>>>
I have been catching up on market news after a nice long vacation down under and came across Pacific Crest’s cloud picks for 2017. SA News headline here. This included several well known names like Microsoft (NASDAQ: MSFT), Adobe (NASDAQ: ADBE), etc., and a few others not many may know about. What I find crazy about this and several other such sector plays is how people decide to group companies.....More>>>
Citigroup’s Alastair Syme and team argue that the earnings from big oil companies like Chevron (CVX), Total (TOT) and Royal Dutch Shell (RDS.A) will be bad…real bad. But that won’t stop the stocks from outperforming. They explain why:
Negative headlines, positive performance: We expect the majority of Big Oil companies to post negative 1Q16 earnings,....More>>>
The U.S. economy picked up more momentum last summer than originally thought.
It grew 3.3% on an annual basis between July and September, according to revised numbers published Wednesday by the Commerce Department. The initial reading on third quarter growth was 3.0%.
That marks the best quarter of growth since in 2014 when the economy grew 5.2% during the same period. An increase....More>>>
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Financial advisors voted overwhelmingly for Donald Trump to become the 45th president of the United States, according to a post-election poll just released by the Financial Services Institute.
Of the 1,300-plus advisors polled, 71% voted....More>>>
The intensifying price war among incumbents in the global ETF industry and the continuing trend of investors shifting cash from actively-managed funds to low-cost funds had a notable impact on BlackRock’s results for the first quarter of the year – resulting in lower-than-expected revenues for the quarter. The asset management giant managed to report an earnings beat, though, thanks....More>>>
Ultra-low cost carrier Frontier Airlines is doubling in size.
The expansion, announced Tuesday, will add 21 new cities and 85 new routes to the airline’s network. By the summer of 2018, Frontier will operate 314 non-stop flights. That’s double what it flies today.
“These new flights will allow us to serve even more of America and make flying a truly affordable....More>>>
Small cap fitnessdevice stock and wearables stockFitbit Inc (NYSE: FIT) started off as a high flyer after its 2015 IPO, but those highflying days have largely ended as you can see from its long term performance chart:
Fitbit Inc also reported Q4earnings yesterday that were below expectations with the earnings report noting:
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