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JPMorgan Reports Earnings in Rebound Mode

JPMorgan Chase & Co. (JPM) has been one of the weak bank stocks, recently setting a 2018 low of $102.20 on July 6, but since then, the shares have popped by 5% in anticipation of positive earnings to be released before the opening bell on Friday, July 13. JPMorgan is the largest of the four “too big to fail” money center banks […]

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Interest rates highest in decade at weekly Treasury auction

Interest rates on short-term U.S. Treasury bills rose in Monday's auction to their highest levels in a decade. The Treasury Department auctioned $48 billion in three-month bills at a discount rate of 1.945 percent, up from 1.940 percent last week. Another $42 billion in six-month bills was auctioned at a discount rate of 2.100 percent, up from 2.085 percent last […]

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Turkey ETF Plunges in Response to Erdogan’s Iron Grip on Economy

This article was originally published on ETFTrends.com. The sell-off in Turkish markets and country-specific ETF continued Tuesday as the lira currency depreciated on rising concerns over President Recep Tayyip Erdogan’s executive powers. The iShares MSCI Turkey ETF (NASDAQ: TUR) declined 3.1% Tuesday after falling off 3.3% Monday, which have more or less erased the gains accumulated since mid-June. Dragging on […]

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Tesla announces deal for Shanghai factory

Electric car producer Tesla says it will build its first factory outside the United States in Shanghai. Tesla says an agreement signed Tuesday with a Shanghai city government agency calls for construction to start in the near future. It says production would begin three years after that and eventually increase to 500,000 vehicles annually. Continue Reading Below The announcement comes […]

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The oil market has very little room for error

The world was awash in crude oil just two years ago. Now there’s barely enough to meet the unquenchable thirst for energy. Faced with rapidly rising prices and sanctions on Iran, Saudi Arabia agreed to raise production to a record level. Russia is chipping in, too. But even Saudi Arabia, the world’s largest oil exporter, can only pump so much. […]

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Boris Johnson quits UK government in mounting Brexit crisis

British Foreign Secretary Boris Johnson resigned Monday, adding to divisions over Brexit that threaten to tear apart Prime Minister Theresa May's government. Continue Reading Below May's office said in a terse statement that the prime minister had accepted Johnson's resignation and would name a replacement soon. Johnson, one of the best-known and most flamboyant members of the government, quit just […]

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The 3 Worst Energy Stocks of 2018 (So Far)

The average energy stock in the S&P 500 gained 5% in the first half of 2018, which is noteworthy considering that the index was only up about 1.7% overall. While oil stocks led the charge thanks in part to red-hot crude prices, several nonproducers also had strong first halves. However, that rising tide didn't lift all boats; the stocks of […]

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Maryland governor signs federal all-payer health contract

Maryland Gov. Larry Hogan has signed a contract with the federal government to enact the state's unique all-payer health care model. Continue Reading Below Hogan signed the five-year contract Monday with Seema Verma, who is the administrator of the federal Centers for Medicare and Medicaid Services. Overall, the model aims to provide incentives in the state's health care system to […]

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3 Streaming Stocks Not Named Netflix That Can Soar

Netflix is the household name in the world of online streaming media, but a number of other lesser-known names are starting to make some noise in the streaming space, posting big gains in recent months. In an economy increasingly flooded with subscription-based models, stocks like Pandora Media Inc. (P), Roku Inc. (ROKU), and Spotify Technology S.A. (SPOT) are soaring on […]

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Drug company's lawsuit could derail Nevada execution

A Nevada inmate slated to die by a three-drug lethal injection combination never before used in the U.S. has said repeatedly he wants his sentence carried out and he doesn't care if it's painful. Continue Reading Below But a last-minute lawsuit filed by a drug company that doesn't want its product used in "botched" executions could derail Scott Raymond Dozier's […]

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