Investors liked what they heard from Federal Reserve Chair Janet Yellen on Wednesday when she spoke to Congress about her dovish near-term outlook for U.S. interest rates. However, when asked directly whether or not she believed this week will be the last time she speaks to Congress, Yellen mostly dodged the question.
Twitter Inc. (ticker: TWTR) shares traded higher by more than 3.4 percent on Wednesday morning after the company announced it has hired Intuit (INTU) vice president of finance and former Goldman Sachs Group (GS) banker Ned Segal as its new chief financial officer. TWTR stock owners are hoping Segal can provide a shot in the arm for Twitter’s…
The outlook for oil investors continues to deteriorate in 2017, and Goldman Sachs now says WTI crude oil prices could be headed back below $40 per barrel for the first time in over a year.
PepsiCo, Inc. (ticker: PEP) investors got some good news on Tuesday morning when the company reported earnings and revenue beats for the most recent quarter and raised its earnings guidance for the full year. PepsiCo’s strong quarter was driven by higher North American soda and snack prices.
Today is Amazon Prime Day – the online retailer’s annual one-day sale that, in just three years, has become a major market-moving event for Amazon.com, Inc (ticker: AMZN) and its competitors.
Following the Federal Reserve’s June decision to raise interest rates for the third time in six months, Fed Chair Janet Yellen is set to testify in front of Congress on Wednesday and Thursday. Congress will likely press Yellen on her plan to normalize interest rates and unwind the Federal Reserve’s balance sheet, and investors could get some…
As the digital age matures, a handful of tech stocks are capturing an increasingly dominant share of internet business. Shareholders of Amazon.com (ticker: AMZN), Alphabet (GOOG, GOOGL) and Facebook (FB) love the companies’ best-of-breed positioning in their respective businesses. But the more market share these companies gain, the more exposed they are to violating U.S. antitrust laws.
For Tesla (ticker: TSLA) CEO Elon Musk, Twitter is about much more than socializing with friends and checking in on the lives of favorite celebrities. On Friday, Musk confirmed Tesla has finalized a deal first pitched on Twitter to build the world’s largest grid-scale lithium-ion battery in Australia within 100 days.
After the unexpected departure of long-time CEO Jeff Immelt earlier this month, the outlook for General Electric Co. (GE) has become increasingly murky. GE may struggle to present a compelling long-term case for investors throughout the rest of the year, J.P. Morgan analyst Stephen Tusa Jr. says.
It’s becoming increasingly clear that global production cuts by the Organization of the Petroleum Exporting Countries have done little to alleviate the crude oil supply glut that collapsed oil prices back in 2014. With WTI crude oil prices once again down more than 15 percent so far in 2017, Wall Street is throwing in the towel on…