Stocks wobble, dollar slips as traders shrug off trade talk

Major U.S. stock indexes are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Industrial conglomerate Honeywell is also higher. General Electric fell after saying its power business is still struggling. The dollar fell and […]

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Microsoft Beats Expectations as Cloud Services Surge

This article was originally published on ETFTrends.com. Microsoft (MSFT) released its FY18 Q4 report on Thursday, boasting results that beat analysts’ projections on earnings and revenue as all major business segments saw growth since last year. The tech conglomerate posted earnings of $1.13 per share, compared to the 1.08 cents per share that analysts expected, according to Thomson Reuters. Revenue […]

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Oil slips as focus turns to surplus from shortage

Will Trump-Putin summit impact oil prices? OPIS chief oil analyst Tom Kloza on the outlook for oil prices. U.S. crude oil futures fell on Tuesday as worries over supply disruptions eased and the focus moved to increasing domestic production and potential damage to global growth from the U.S.-China trade dispute. Continue Reading Below U.S. West Texas Intermediate crude (WTI) was […]

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Goldman Sachs to Name David Solomon as Next CEO, Replacing Lloyd Blankfein

This article was originally published on ETFTrends.com. Goldman Sachs will name president David Solomon as the successor of Lloyd Blankfein in becoming the company’s next chief executive officer. According to undisclosed sources who spoke with CNBC, the news will be announced during a conference call between all of the company’s managing directors on Tuesday morning. The investment bank is also […]

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Oil Slides as Treasury Backs Off on Iranian Sanctions

This article was originally published on ETFTrends.com. Oil prices continued their unceremonious slide, falling to $68.32 as of 3:30 p.m. Eastern Time after Treasury Secretary Steve Mnuchin said crude importers might receive waivers to continue buying supplies from Iran, lightly tapping the brakes on earlier sanctions to reduce purchases from Iran to zero. “We want people to reduce oil purchases […]

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China slowdown weighs on markets as Trump meets Putin

A slowdown in Chinese economic growth weighed on global stock markets Monday as investors kept a close watch on a summit U.S. President Donald Trump with Russian President Vladimir Putin. Continue Reading Below KEEPING SCORE: In Europe, Germany's DAX fell 0.2 percent to 12,521 while the CAC 40 in France was down 0.4 percent at 5,409. The FTSE 100 index […]

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As multinationals gear up to fight ATO, it turns focus on abuse of IP

More than 30 large Australian corporates across mining, oil and gas, ecommerce and the pharmaceutical industry are disputing billions of dollars in tax bills raised under the federal government’s tougher laws aimed at curtailing multinational profit shifting, the Australian Taxation Office says. But as these companies decide whether they should settle their cases with the Tax Office, or head to […]

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Dunkin' Brands names David Hoffmann as CEO

Dunkin Brands CEO: Support and encourage discussions about minimum wage Dunkin Brands CEO Nigel Travis on the minimum wage debate and the holiday season. July 11 (Reuters) – Baskin-Robbins parent company Dunkin' Brands Group Inc on Wednesday said David Hoffmann would succeed Nigel Travis as chief executive officer effectively immediately. Continue Reading Below Travis, who held the post for nearly […]

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US stocks edge higher as oil prices boost energy companies

U.S. stocks are slightly higher Tuesday morning as energy companies rise along with the price of crude oil. PepsiCo is gaining ground after reporting solid second-quarter results. The market has risen recently as investors expect strong earnings reports from various industries in the next few weeks. Continue Reading Below KEEPING SCORE: The S&P 500 index added 7 points, or 0.3 […]

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