No-deal Brexit could be a ‘catastrophe’: EU’s Sassoli issues warning to Boris Johnson

The president of the European Parliament has told Sky News that a no-deal Brexit could be a “catastrophe” and Boris Johnson needs to “feel this responsibility” as the clock ticks towards the deadline for Britain’s EU exit. David Sassoli said it is “painful” to think about such a scenario being realised, as it will “put the UK’s exit in a […]

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It's a 'Cat 5' immigration crisis: Nielsen

Nielsen: Trump will take every action within his authority to stop flow of illegal immigrants Homeland Security Secretary Kirstjen Nielsen said Tuesday that the Trump administration is treating the immigration crisis as a “Cat 5 hurricane disaster.” “We are bringing all of the agencies together; we're asking everybody to chip in,” Nielsen said on “Tucker Carlson Tonight.” “Why wouldn't we put the […]

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Caterpillar shares dive 7% after industrial giant says material costs are rising because of tariffs

Caterpillar’s stock dives after the company gave disappointing 2018 guidance and management pointed out costs were rising because of tariffs. “Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs,” the company says. CAT stock was down 15 percent in October even before the company disclosed […]

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Disney, Pfizer Keep the Dow Flat Wednesday

August 8, 2018: Markets opened narrowly mixed Wednesday and looks set to end the regular trading session the same way. The blue-chip Dow index traded lower all day while the S&P 500 and the Nasdaq Composite are holding onto slim gains. The Trump trade war with China experienced another skirmish yesterday, but corporate earnings reports continue to offset investors’ fears. […]

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Procter & Gamble Trades Higher but Remains Dow’s Laggard

Consumer products giant Procter & Gamble Co. (NYSE: PG) had a pretty good week, at least as far as its share price was concerned. The worst-performing stock year-to-date on the Dow Jones industrials index added about 2.4% to its share price. That was not enough, though, to let it escape the cellar — shares are still down 12.3% since the […]

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Disney, Travelers Send the Dow Higher Thursday

July 26, 2018: Markets opened mixed again Thursday as only the Dow blue chips could withstand the pounding suffered by Facebook after the social media giant reported quarterly results after the bell Wednesday. Now the question is how long until the stock recovers. The tech sector drooped the most, followed by consumer discretionary stocks. Telecom and utilities were the leading […]

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