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.
There will be a buying opportunity in Exxon Mobil (NYSE:XOM), but it isn’t today. I’m looking at a live feed of the futures market right now and crude oil, via the WTI is down about 4%, with the Brent showing a similar plunge. At the end of the day, Exxon’s strength comes from high crude oil prices and while they’re one of the best companies in the space – and a heavily....More>>>
Shares of Rogers Corp. (NYSE:ROG) gained 19.9% in April 2017, according to data from S&P Global Market Intelligence.
The company reported first-quarter results on April 26, sending share prices nearly 12% higher the next day. Rogers saw 27% year-over-year sales growth and 79% higher earnings, leaving analyst estimates far behind in both cases.
Small cap Mediterranean restaurant stock Zoe’s Kitchen Inc (NYSE: ZOES) reported Q1 2017 earnings after the market closed yesterday withresults basically meeting Wall Street expectations, but shares are sinking more than 10% in premarket trading. Total revenue increased 12.6% to $90.6 million as comparable restaurant sales decreased 3.3% consisting of a 4.6% decrease in transactions and product....More>>>
Shares of Shake Shack (SHAK) are tumbling in after-hours trading after the not-fast-food fast-food joint beat earnings and sales forecasts, and raised its full-year revenue guidance but reported disappointing same-store sales.
Yusuke Nakanishi/Zuma Press
Shake Shack reported a profit of 14 cents a share, beating forecasts for 13 cents, on sales of $66.5 million, topping estimates....More>>>
2016 has been a crazy year—so it’s no surprise closed-end funds (CEFs) have been offering crazy returns.
As we’ll see in a moment, the best fund is up over 50%, which crushes just about every unleveraged ETF and mutual fund out there. Plus, that fund pays a whopping 7.6% yield—which is pretty typical for CEFs. If you bought in when it was at its 52-week low, you would....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins