Casino stocks with exposure to Macao took a nosedive on Tuesday after a few announcements from the government. One was that COVID-19 cases are on the rise in the Chinese province of Fujian and that could result in fewer visitors to Macao. More concerning is potential government r
The U.S. Dollar has appreciated more than 7% against a basket of currencies since the end of March. While that might not seem like a lot, it’s huge for a developed currency and can cause a lot of problems in a lot of different ways.
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Mostly positive second-quarter earnings were overshadowed by warnings of a stronger dollar and weaker profits for U.S. companies....More>>>
IFP Advisors Inc raised its stake in NextEra Energy Partners (NYSE:NEP) by 124.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,558 shares of the solar energy provider’s stock after acquiring an additional 1,416 shares during the quarter. IFP Advisors Inc’s holdings in NextEra Energy Partners were worth $102,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado....More>>>
Yes Bank stock has crashed more than 50 percent in last one month wiping out more than Rs 4,600 crore in market capitalisation. It fell as much as 9 percent on Friday to hit fresh 52-week low of Rs 184.45.
It was quoting at Rs 189.30, down Rs 13.90, or 6.84 percent, on the BSE at 10:50 hours IST. It has been the biggest loser among Nifty50 stocks in last one month.
In the dock for under-reporting bad loans, Yes Bank has denied any “window dressing” of corporate loans to conceal its non-performing asset (NPA) status.
Yes Bank further said its gross NPA ratios....More>>>
Consumer staples is the worst-performing S&P 500 sector this year, but Chad Morganlander of Washington Crossing Advisors says the group looks so bad, it’s actually good.
This comes even as interest rates are on the rise and the benchmark 10-year Treasury note yield closes in on the psychologically precarious 3 percent level; typically, staples suffer in such an environment, as rising bond yields create competition for the group. Here are Morganlander’s reasons for his bullish view.
The group has fallen nearly 12 percent this year, far underperforming the broader....More>>>
Federal law requires public companies like Wells Fargo to warn shareholders about non-routine legal proceedings.
Yet it has now emerged that Wells Fargo stayed silent for at least six months about the fact that authorities were investigating the bank’s creation of fake accounts.
Wells Fargo (WFC) confirmed on Thursday that it was in talks with the Consumer Financial Protection Bureau about unauthorized accounts as early as March 2016. This comes after the Charlotte Observer obtained emails under the Freedom of Information Act that revealed the discussions between the....More>>>
Olin Corporation’s (OLN Quick QuoteOLN ) shares have shot up around 37% over the past six months. It is benefiting from the Lake City U.S. Army contract, productivity actions and investment in the Information Technology (IT) project. We are positive on the company’s prospec
As the turbulence jostled the plane, you could hear children’s laughter in the back, enjoying the ride as if they were on a roller coaster. Meanwhile, the rest of us clung to our armrests, heads pressed firmly back, eyes forward and tense.