The CEOs of Tesla Motors Inc TSLA 2.97%, Amazon.com, Inc. AMZN 1.87%, Apple Inc. AAPL 1.67%, Facebook Inc FB 2.16%and Microsoft Corporation MSFT 1.3% are among a group of tech CEOs who will meet with President-elect Donald Trump this week in New York.
The Federal Reserve begins its December meeting on Tuesday, and the market widely expects the first U.S. interest rate hike since December of last year. A recent Wall Street Journal poll revealed economists expect four 0.25 percent rate hikes by the Fed between now and the end of 2017.
Earlier this year, Benzinga took a close look at the wide range of predictions market analyst and author of the Gartman Letter, Dennis Gartman, has made about oil prices in the past couple of years.
Donald Trump was seen as a wildcard presidential candidate, and his actions since Election Day have confounded investors in certain sectors of the market.
Exxon Mobil Corporation XOM 1.76% shares were up 2.4 percent on Monday on news that CEO Rex Tillerson is President-elect Donald Trump’s choice for Secretary of State. Coincidentally, news also broke Monday that a group of non-OPEC oil producers led by Russia has agreed to join OPEC and cut production by more than half a…
BlackBerry Ltd BBRY 0.9% has been one of the most polarizing, controversial and unpredictable stocks in the market in recent years. Long-time traders and smartphone users are well aware of the company’s fall from grace that sent shares tumbling more than 85 percent from December 2010 to December 2013.
After several years of bad news for oil investors, things are starting to look a bit more bullish for the U.S. oil industry. WTI crude oil pricesjumped above $54/bbl on Monday following news that a group of non-OPEC oil producers will be joining OPEC and cutting crude oil output in an effort to eliminate the…
NVIDIA Corporation NVDA 1.76% shares are slumping more than 3.5 percent Monday morning on a weak day for tech stocks.
Opthotech Corp OPHT 3.02% shares plummeted 84.6 percent on Monday morning after the company reported negative results in its Phase III OPH1002 and OPH1003 studies. The two combination trials in wet age-related macular degeneration (AMD) failed to meet primary endpoints.
Bank stocks have been on quite a run in 2016 on hopes for rising interest rates, de-regulation and lower corporate taxes in the Donald Trump era. While bank stocks are getting closer to fully-valued in the near-term, Oppenheimer analyst Chris Kotowski believes the 2017–2018 period could provide the perfect environment for long-term bank investors.