Another large-cap stock making new 2017 highs isn’t much of a story now that the “Trump Rally” has carried the SPDR S&P 500 ETF Trust SPY 0.07% up another 6.1 percent in 2017. However, at least one big tech stock is making new 2017 highs this week despite Trump, not because of him.
TOP SHIPS Inc TOPS 4.5% was the latest shipping name to experience a wild daily swing in share price Thursday when the stock closed the day up 109.5 percent on rumors that the company could be a buyout target for rival shipper DryShips Inc. DRYS 3.57%.
This week, President Donald Trump released his new federal “skinny budget” proposal. The budget comes in at only 50 pages, less than half the size of previous administrations’ budgets.
Every Friday, U.S. oil & gas investors finish out the week with an important litmus test of the health of the overall industry. Since 1944, Baker Hughes Incorporated BHI 0.29% has reported weekly counts of total rig drilling activity in the U.S. and Canada. The North American rig count is released every Friday at noon…
Luxury coat maker Canada Goose GOOS 2.01% is celebrating a big pop on its first day of trading on the NYSE. Shares initially soared 25 percent as investors rushed in to get a piece of the popular apparel company.
Whirlpool Corporation WHR 0.13% shares dropped 1.3 percent in less than an hour on Wednesday after February data from the Association of Home Appliance Manufacturers (AHAM) came up short of expectations.
Back in January, Starbucks Corporation SBUX 1.72% CEO Howard Schultz took a political stand against the anti-immigration policies of Donald Trump by announcing that Starbucks would hire 10,000 refugees over the next five years in the 75 counties in which it operates around the world. While the decision may have been more about ideology than…
The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday.
At 2 p.m. EST, the Federal Reserve is expected to announce another interest rate hike. While most Americans are familiar with the idea of a federal interest rate, interest rates on different U.S. bonds, bank accounts, credit cards, mortgages and other financial instruments vary widely.
Intel Corporation INTC 0.31%‘s surprising $15.3 billion buyout of Mobileye NV MBLY 0.12% was good news for Mobileye shareholders. However, the deal immediately sparked market speculation that it could also be a major positive for Blackberry Ltd BBRY 0.56%.