Stocks post 3rd straight day of gains on hope for US-China trade deal

China, Federal Reserve are the two biggest drivers of the market: Heather Zumarraga Vision 4 Fund senior vice president Heather Zumarraga discusses why the U.S.-China trade dispute and the Federal Reserve’s rate hikes are the two biggest drivers of the stock market. Stocks rose Tuesday afternoon — the market's third consecutive day of gains — on optimism that China and the […]

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Trump panel wants to give USPS right to hike prices for Amazon, others

WASHINGTON (Reuters) – The United States Postal Service should have more flexibility to raise rates for packages, according to recommendations from a task force set up by President Donald Trump, a move that could hurt profits of Amazon.com Inc and other large online retailers. The task force was announced in April to find ways to stem financial losses by the […]

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US stocks post gains after weak start to session

Market volatility may continue into 2019 “Bulls & Bears” panel discusses the recent uptick in U.S. stocks and whether they will continue to rally until year’s end. U.S. stocks trimmed early session losses Tuesday and, in some cases, posted gains as shares of several tech companies and retailers paced the broader market. Continue Reading Below At the beginning of the day's session, […]

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PG&E shares post big rebound after earlier tumble

PG&E sued over California wildfires Fox News senior judicial analyst Judge Andrew Napolitano on the lawsuit against PG&E over the California wildfires. PG&E shares rebounded nearly 50 percent in premarket trading Friday after falling 27 percent Thursday on worries the electricity company may not be able to cover the billions in losses from California's worst wildfire. Continue Reading Below Shares of […]

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Biotech ETFs Hoping This Post-Election Trend Doesn’t Repeat

This article was originally published on ETFTrends.com. Stocks rallied Wednesday, a day after one of the most contentious midterm elections in U.S. history. In Tuesday’s midterm elections, Democrats emerged with control of the House while Republicans maintained control of the Senate. Among the winning exchange traded funds Wednesday were biotechnology funds, including the SPDR S&P Biotech ETF (NYSEArca: XBI), which […]

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White House counsel Don McGahn to leave post in fall, Trump says

White House counsel Don McGahn will leave his position in the fall, President Donald Trump said on Twitter Wednesday. Trump said McGahn’s departure would come "shortly after the confirmation (hopefully) of Judge Brett Kavanaugh to the United States Supreme Court." Earlier this month it was reported that McGahn had cooperated extensively with special counsel Robert Mueller’s investigation into Russian meddling […]

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'Write to me', Australia Post chief tells small business owners

Australia Post chief executive Christine Holgate says there are two key questions she hears from business customers. "Where is my parcel, and when will it arrive?" she says. Australia Post CEO Christine Holgate. Given the postal service delivers around three billion items a year, Holgate tells Fairfax Media it makes sense that "something is going to go wrong" along the […]

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Amazon, other shippers form group to lobby on U.S. Postal Service…

WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) and other retail and logistics companies said on Wednesday they had started a new group to lobby to keep the U.S. Postal Service’s package delivery services “reliable and affordable.” FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,U.S., January 29, 2016. REUTERS/Mike Segar/File PhotoThe announcement follows […]

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