Groupon (GRPN ) made headlines Tuesday after (IBM ) announced a $167 million lawsuit for violation of four of its e-commerce IPs. The tech giant claims that while Amazon (AMZN ) , Facebook (FB ) , and Google (GOOGL ) each pay between $20 million and $50 million for use of these technologies,
U.S. equities are drifting lower in trading on Wednesday, hurt by deepening fears that a trade war will be unleashed by President Donald Trump’s desire to put tariffs on steel and aluminum imports as well as go after China on intellectual property and trade deficit concerns.
Deepening the fallout was the resignation of “globalist” economic advisor Gary Cohn; creating the....More>>>
Athabasca Oil (TSE:ATH) had its price objective upped by Royal Bank of Canada from C$2.00 to C$2.50 in a report released on Thursday. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 30.89% from the company’s current price.
March 26, 2018: Markets opened higher Monday and following a mid-day dip seem bound for a solid gain on the day. The primary mover appears to have been reports that the United States and China are talking about how to dodge a global trade war. In company news, Facebook continues to get battered over its handling of personal information, but the rest of the tech sector was flying.
Mount Yale Investment Advisors LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,022 shares of the oil and gas producer’s stock, valued at approximately $191,000.
A number of other hedge funds also recently modified their....More>>>
June 18, 2018: Markets opened lower again Monday on continuing worries about the impact of a U.S. trade war with China and several of its closest allies like Canada and Britain. As costs for imported goods rise, manufacturers have to pass those costs along and risk losing customers or swallow the costs and lower their profits. The consumer staples and telecom sectors were Monday’s worst performers.
The Industry Focuscrew recently debuted coverage ofEst茅e Lauder (NYSE:EL), and an Ulta Beauty(NASDAQ:ULTA) shareholder wants to know:
We hold Ulta and have watched its stock go on sale over these months, unfortunately. It was interesting that Est茅e Lauder hadn’t listed them as a competitor. I guess these companies thrive together, then. Both are staking their growth on premium products....More>>>
Today, ourElite Opportunity Pronewsletter suggestedentering the ProShares UltraShort Bloomberg Crude Oil (NYSEARCA: SCO) for the short term:
If you’re looking to scalp some short-term profits and willing to give up a minor loss in the event we’re wrong, you could enter into SCO, the primary bearish leveraged ETF tracking the price of oil. You’ll just need to be careful in....More>>>
Source: ThinkstockMay 29, 2018: The S&P 500 closed down 1.2% at 2,689.88. The DJIA closed down 1.6% at 24,362.48. Separately, the Nasdaq was down 0.5% at 7,396.59.
Tuesday was a down day for the broad U.S. markets. Crude oil saw a big drop in Tuesdays session added to a 5% drop last week. The S&P 500 sectors were mostly negative. The most positive sectors were utilities and real estate....More>>>
It was a nothing day–until word spread that OPEC was seriously considering capping oil production. Then it was off to the races.
The S&P 500 0.5% to2,171.37 today, while the Dow Jones Industrial Average gained 110.94 points, or 0.6%, to18,339.24. The Nasdaq Composite advanced 0.2% to5,318.55. The S&P 500 was down 0.04% at 2:10 p.m. today, before the OPEC....More>>>
The minimum wage in the United States is $7.25 per hour. Assuming a typical 40-hour work week, that adds up to $15,080 over a year. If you're fortunate enough to live in one of the 29 states with a higher minimum wage, you can make a little over $20,000 in a year. But for many, that's still a far
Whole Foods Market (NASDAQ:WFM) has had a bad time on the market over the past couple of months, losing over 16% of its value on the back of a weak financial performance in its last reported quarter. But, in my opinion, the recent drop in Whole Foods' shares is an opportunity to buy more of the s
Venezuela is experiencing hard times; who would doubt that? There are an infinite number of articles about how bad it is in Venezuela, starving people, no basic medical essentials, people coming to Colombia to buy food, etc. I don't see a need to repeat it all here. What stands out in this flow o
Lowe's (NYSE:LOW) has found its next CEO in J.C. Penney (NYSE:JCP) boss Marvin R. Ellison. The hire, which goes into effect on July 2, closes a months-long search for a successor to Robert A. Niblock, who announced plans to retire in March.