Up, down, back again: US stocks go on another dizzying ride

William Geier, Jr., left, and David O’Day work at the New York Stock Exchange, Tuesday, Dec. 11, 2018, in New York. Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute. (AP Photo/Mark Lennihan) U.S. stocks careened through another dizzying day Tuesday after indexes shot […]

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A Look Back at Tesla's Wild 2018

No other automaker — and few companies of any kind — get the amount of attention from investors that Tesla (NASDAQ: TSLA) receives. To fans, Tesla's charismatic CEO Elon Musk isn't just building great electric cars, he's inventing the future of transportation, energy, and space travel right before our eyes. Tesla's critics (of which there are many) have a different […]

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A Look Back at Walmart's Multibillion-Dollar Shopping Spree in 2018

Walmart (NYSE: WMT) has been defying critics of its digital strategy. Since its $3.3 billion purchase of Jet.com in 2016, the retailer's online sales have gone from practically nonexistent to a high-growth endeavor. Under the guidance of Jet.com founder Marc Lore, who now leads all of Walmart's domestic e-commerce operations, the company is showing no signs of slowing down in […]

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Shoppers Flock Back to Luxury Department Stores

A few years ago, falling mall traffic and a slump in tourist visits to the U.S. led to sales declines at America's leading luxury department stores: privately held Neiman Marcus and Hudson's Bay's (NASDAQOTH: HBAYF) Saks Fifth Avenue chain. However, tourists have started to return, the stock market surged in 2017, and economic growth has accelerated. As a result, well-heeled […]

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Trump team fires back at Mueller probe, ‘hysterical’ coverage of Cohen deal

Michael Cohen reaches new plea deal in Mueller probe Former federal prosecutor John Lauro examines the potential impact of Cohen’s guilty plea. President Trump and his legal team fired back early Friday at suggestions the latest twists in Robert Mueller’s probe mean the bell is tolling for his administration, downplaying the implications of ex-confidant Michael Cohen’s guilty plea and testimony […]

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Myer’s back to basics pitch to quell growing investor revolt

Myer is counting on a back-to-basics turnaround plan to revive its profitability and regain the support of shareholders, who turned on the iconic department store in unprecedented numbers on Friday and smacked it with an second "strike". While Myer's directors survived a spill motion, the 36 per cent protest vote was enough for its insurgent major shareholder Solomon Lew to […]

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Oil claws back some losses after Black Friday plunge

Oil prices plunge on global oversupply concerns Brandywine Global portfolio manager Jack McIntyre and Prosper Trading Academy CEO Scott Bauer discuss the recent drop in oil prices. Oil prices clawed back some losses after a nearly 8 percent plunge in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial […]

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UK leader fights back against critics amid Brexit upheaval

Pro and anti Brexit protesters hold placards as they vie for media attention near Parliament in London, Friday, Nov. 16, 2018. Britain’s Prime Minister May still faces the threat of a no-confidence vote, after several Conservative Party lawmakers said they had written letters asking for one. (AP Photo/Alastair Grant) British Prime Minister Theresa May fought back against critics of her […]

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CNN's Acosta back at White House after judge's ruling

CNN’s Jim Acosta speaks to journalists on the North Lawn upon returning back to the White House in Washington, Friday, Nov. 16, 2018. U.S. District Court Judge Timothy Kelly ordered the White House to immediately return Acosta’s credentials. He found that Acosta was “irreparably harmed” and dismissed the government’s argument that CNN could send another reporter in Acosta’s place to […]

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