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Market News

Location American Market News for 26 May 2017

Why Americans Aren't Hitting the Road This Summer

Wall Street Journal - 26 May 2017 18:07
This weekend marks the beginning of summer driving season, and Americans should be packing up and hitting the road. Why aren't they? Americans are driving less than expected and economists are struggling to explain why.
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What Canadian Laws Mean for the Marijuana Stock Market

Profit Confidential - 26 May 2017 18:29
What Canadian Laws Mean for the Marijuana Stock Market Marijuana Stocks Are Under the Government's Thumb Canada is going to be the first western nation to totally legalize recreational and medical marijuana on a national scale. As such, many investors are rightfully treating...
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The Fragile Truce Between Bonds and Stocks

Wall Street Journal - 26 May 2017 17:47
This year has been good for both bond and stock investors. To rely on that benign picture lasting looks risky.
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This is a weekly recap of the financial news in the cannabis industry for the week ending 5/26/2017.
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Costco's Comparable Sales Growth Bodes Well For The Future Costco reported solid fiscal third quarter results on Thursday, May 25, as both its revenues and earnings came in ahead of consensus estimates. This note discusses key takeaways from earnings, and what to expect going fo...
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2017's Elevated Bank Failure Figure Is Not A Cause For Concern Data compiled by the FDIC about U.S. bank failures shows a rather discomforting trend: 5 U.S. commercial banks have failed so far in 2017 - equaling the total number of bank failures for full-year 2016.
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Why Las Vegas Sands Is Focused On International Expansion Although the Las Vegas Strip is the third-largest casino market globally, Las Vegas Sands (NYSE: LVS) derives just around 13% of its revenues from the region. The company has focused on expanding internationally, primari...
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Alexander Rossi: My first car

CNN - 26 May 2017 22:00
Alexander Rossi knows a thing or two about going fast.
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Verizon's CEO recently indicated that the carrier plans to launch its own over-the-top streaming TV service later this year. The move is not surprising, as video has been a major theme in the wireless business for some t...
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The Surprising Source of U.S. Profit Growth

Wall Street Journal - 26 May 2017 21:42
It isn't America, but the rest of the world, that is driving corporate earnings growth.
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Monaco is a home from home for a number of leading motorsport drivers and of course once a year they even get to race around the Principality's racing circuit, either in Formula One or Formula E.
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As the Formula E season moves to Europe, we cover not one, but two races of the all-electric motorsport.
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US stock rally falters, dollar gains as oil dips

livemint.com - 26 May 2017 20:01
US stock rally falters, dollar gains as oil dips US stocks stumbled after a six-day rally took them to all-time highs while the dollar fluctuated with oil as fresh data showed the US economy on firm footing
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This Gaming Stock Has More Than Triple-Digit Upside

Profit Confidential - 26 May 2017 19:35
This Gaming Stock Has More Than Triple-Digit Upside Strong Franchises Keep This Stock Rolling Today's stock is riding the growing trend in the entertainment industry, which is getting more push through the spread of mobiles. Betting on stocks that gain from the growth in ...
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Nike continues to see solid revenue and earnings growth, but has been dealing with increased competition from a resurgent Adidas, while also facing pressure from Under Armour in its basketball division in North America. ...
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How Facebook Cuts Your Pay And What To Do About It Sad about not getting a raise? Dropping productivity is the culprit. And Facebook may be to blame. Buying its stock may be your best revenge.
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This Easy Strategy Crushes The Market And Pays You A 7.4% Yield Index investing is popular among investors for one reason: most people don't want to put the time and effort into finding investments selling at deep discounts. There's just one problem: even the highest-yielding ETFs ar...
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Salasar Techno gets Sebi approval for IPO

livemint.com - 26 May 2017 16:26
Salasar Techno gets Sebi approval for IPO Salasar Techno Engineering's IPO comprises 33.21 lakh equity shares of face value of Rs10 each fully paid for cash at a price of Rs108 per equity share
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Flailing OPEC Leaves Western Oil Majors Holding the Bag

Wall Street Journal - 26 May 2017 16:13
OPEC's spell over oil markets has been broken. That's bad news for Western heavyweights like Shell and BHP who made big bets on expensive oil and gas at the top of the last cycle.
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Richard Branson Shares His Best Business Advice In 4 Letters Sir Richard Branson shares his best business advice in four inspiring letters that he wrote to the 10, 25, 50 and 65-year-old versions of himself.
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Dick's Wise To Play Long Game Despite Wall Street Pressure In a decision that presumably defies the wishes of some of its investors, Dick's Sporting Goods earlier this week said it would "significantly" reduce new store openings in the years ahead.
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Missed Buying Bitcoin? Here's Other Cryptocurrency with High Returns 2017-2018 Is Ethereum on the Rise? Bitcoin may have been the first cryptocurrency, but it's certainly not the last. Smart investors should be on the lookout for others with more features and faster transaction times, ones that cou...
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