Citigroup Inc C 1.77% shareholders can now close the book on yet another legacy issue from the bank’s past, but closure comes at a steep price.
Intuit Inc. INTU 1.72% shares are down 3.2 percent in Wednesday’s session after the company reported revenue and earnings beats in fiscal Q3. Instead, the market seems to be focusing on managements cautious guidance for the rest of the year, including full-year Quick Books Online (QBO) subscription guidance of 1.45-1.5 million.
With WTI crude oil prices knocking on the door of $50/bbl for the first time since October of 2015, Citi analyst Seth Kleinman has become more bullish on the outlook for oil. According to Kleinman, a combination of crude oil inventory drawdowns, supply outages and worker strikes have quickened the pace of the oil market…
Alibaba Group Holding Ltd BABA 3.65% shares were down 4.3 percent in early trading on Wednesday following the disclosure of an ongoing SEC investigation into the company’s accounting practices. According to Alibaba’s new annual report, the SEC initiated an inquiry back in January 2015, and the company has been cooperating with the investigation by providing…
Slowing economic growth in China may be the single biggest reason why the S&P 500 hasn’t made a new all-time high in over a year. Investors around the world are worried about what will happen with China’s staggering $30 trillion of debt if the world’s largest emerging market economy hits the skids.
There was once a time when Elon Musk had a tough time getting top auto suppliers to give him the time of day. A lot has changed for Tesla Motors Inc TSLA 2.52% since 2009.
Goldman Sachs Group Inc GS 1.26% raised a lot of eyebrows last week when the company was announced as one of the two leads in a Tesla Motors Inc TSLA 2.52% $2 billion stock offering just hours after the firm upgraded Tesla’s stock from Neutral to Buy.
So far in 2016, the S&P 500 has avoided slipping into the dreaded bear market everyone has feared. After a weak start to the year, the index has rebounded and now sits up 1.3 percent in 2016.
One of the hottest debates on Wall Street since the S&P 500 started out 2016 with a historic sell-off is whether or not we are on the cusp of a bear market. According to Ritholtz Wealth Management’s Michael Batnick, the bear market may have already come and gone.
KKR & Co. and Chinese sovereign wealth fund China Investment Corp (CIC) have reportedly dropped their bid for a majority stake in Yum! Brands, Inc. YUM 0.18%’s China business. Reuters reported that Yum was not prepared to turn over a majority stake in its Chinese business at the price that the bidding consortium was offering.