President Donald Trump is setting his sights on eliminating the Dodd-Frank Act, a set of financial regulations aimed at preventing another credit crisis like the one that occurred in 2008. While bank investors have cheered a possible end to the burdensome regulations, deregulation of the financial sector may be setting the table for another economic…
Wells Fargo & Co. (ticker: WFC) stock was trading lower Thursday after the bank reported mixed first-quarter earnings on Thursday morning. In addition, one of Wells Fargo’s largest investors disclosed that he has been trimming his stake in the big bank.
Wal-Mart Stores Inc (ticker: WMT) has announced its latest aggressive move to fight back against increasing online competition from Amazon.com (AMZN).
Delta Air Lines, Inc. (ticker: DAL) has been the subject of some harsh criticism in the past week, but the stock was up nearly 2 percent Wednesday after the company reported better-than-expected first-quarter earnings.
Straight Path Communications (ticker: STRP) shares jumped more than 150 percent this week when the company announced a $1.6 billion buyout by AT&T (T). While the buyout was certainly great news for Straight Path investors, it could also up the potential buying price for other Wall Street spectrum plays, such as Dish Network (DISH) and…
United Continental Holdings (ticker: UAL) shares shed more than 4 percent in early Tuesday trading after a video of a passenger being forcibly removed from a plane went viral around the globe on Monday. The incident occurred in Chicago on Sunday night when United was unable to find volunteers to give up seats on an…
Just days after shoe chain Payless filed for bankruptcy, the U.S. retail sector took another hit over the weekend when HHGregg announced it would be closing its remaining 220 stores by the end of May. While the closings will trigger another 5,000 retail sector layoffs, HHGregg’s demise could be a positive for rivals such as…
Tesla Inc (ticker: TSLA) shares are up 3 percent on Monday to new all-time highs following an extremely bullish upgrade from Piper Jaffray. Analyst Alexander Potter has upgraded Tesla stock from “neutral” to “overweight” and says the company and the stock simply play by their own rules.
Panera Bread Co. (ticker: PNRA) shares were up nearly 20 percent last week after the company announced a $7.5 billion takeover deal with JAB Holdings. With the ink still wet on the Panera deal, Wall Street analysts are already speculating about the next restaurant takeover target.
The 2016 income tax filing deadline is now just two days away, and American taxpayers may be getting their last look at the Obama-era income tax brackets. Following a disastrous failure on healthcare reform, President Donald Trump and Congressional Republicans have pledged to move forward with campaign promises of tax reform.