Markets

Skechers Falls 26% After Same-Store Sales Growth Misses Estimates

Skechers fell as much as 26 percent in late trading Thursday amid concerns over slowing growth, rising costs and lower-than-expected projections.<p>The …

Same-Store Sales

There’s a new list of the world’s 10 largest companies—and tech isn’t on it

If you read the breathless business headlines about Amazon, Apple, Google, and Facebook, it would be easy to conclude the technology giants are the world’s biggest companies.<p>Not even close.<p>There are no tech names among the top 10 global companies by revenue, according to Fortune, which released its …

Finance

LARRY SUMMERS: Trump just took another step toward turning the US into a 'banana republic'

It's almost surprising that it took this long, but President Donald Trump has finally done it. As critics worried, his general disdain for institutions was bound to reach the Federal Reserve at some point.<p>And so it was on Thursday that Trump, in an interview with CNBC, broke with a long-standing …

Donald Trump

Warning signs rise for stock market's record-setting run

NEW YORK (AP) — The current bull market in stocks is a month or so away from becoming the longest in history. If it happens, then what?<p>Many along Wall Street expect the rally that began in March 2009 to eclipse the 1990-2000 run that ended with the dot-com crash. But a growing number of experts are …

Stock Markets

eBay (EBAY) Q2 2018 Earnings Conference Call Transcript

EBAY earnings call for the period ending June 30, 2018.<p><b>eBay</b> (NASDAQ:EBAY)<br>Q2 2018 Earnings Conference Call<br>Jul. 18, 2018 <i>5:00 p.m. ET</i><p>Contents:<p>Prepared …

Investing

If bitcoin becomes digital gold, its market cap could more than triple, crypto analyst says

Gabor Gurbacs of VanEck, CNBC's Eric Chemi and the "Futures Now" traders debate the trade in bitcoin.

Cryptocurrency

Templeton, BlackRock: Now's the Time to Buy Emerging Markets

Emerging markets are poised to rally after more than $7 trillion in stocks slid into bear territory, according to three of the world’s largest money …

Stock Markets

Goldman Sachs, Morgan Stanley Both Claim M&A Deals Crown – Bloomberg

Goldman Sachs, Morgan Stanley Both Claim M&A Deals Crown<p>Goldman Sachs, Morgan Stanley Both Claim M&A Deals Crown<p>Goldman Sachs, Morgan Stanley Both …

Goldman Sachs

Bank Of America: This Is Too Easy

A decade later, Bank of America still gets no love (and that's a good thing)<p>On the surface, it might appear that Bank of America (BAC) shares are …

Bank of America

Alcoa Reports Earnings Beat In Q2 But Downgrades Its 2018 EBITDA Guidance As Tariffs Hit Profits

Alcoa (NYSE: AA) reported its second-quarter results on 18th July 2018 and conducted a conference call with analysts the same day. The company reported an earnings and revenue beat and posted an EPS (Non-GAAP) of $1.52 and a revenue of $3.58 billion, respectively. However, the company’s share price …

Alcoa

Skechers Shares Tumble as Profits Fall 24 Percent

Skechers USA Inc. shares are taking a tumble in after-hours trading today after the firm posted second-quarter profits that missed market watchers’ …

Fashion Industry

The End is Near For the Economic Boom

<b>THE OPTIMISM IS BEAMING</b> like the summer sun. America’s big-company CEOs are bursting with confidence, in June expecting to take in even more revenue …

Economics

Alcoa shares fall as tariffs, energy costs weigh on forecast

(Reuters) - Shares of Alcoa Corp fell 11.8 percent on Thursday a day after the aluminum producer lowered its 2018 forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) citing recent U.S. trade tariffs.<p>Alcoa which was also hit by rising oil and gas prices in the …

Tariffs

Alcoa (AA) Q2 2018 Earnings Conference Call Transcript

AA earnings call for the period ending June 30, 2018.<p><b>Alcoa</b> (NYSE:AA)<br>Q2 2018 Earnings Conference Call<br>Jul. 18, 2018 <i>5:00 p.m. ET</i><p>Contents:<p>Prepared …

Investing

Dollar Bulls Learn the Meaning of Complacency

President Donald Trump has made betting on a stronger dollar perhaps the riskiest trade in global markets. The Bloomberg Dollar Spot Index was pushing toward its highest level since last July on Thursday until Trump told CNBC in an interview that “our currency is going up, and I have to tell you it …

Stock Markets

With two words US Fed chair has put the world on alert

Loading<p>The spread between two-year and 10-year US Treasury bonds has narrowed to only 26 basis points, a level not seen since the financial crisis. …

Economics

The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief

Following the stock market's strong performance last year, many millennials and baby boomers are throwing more cash into the market in 2018, according to a Bank of America survey of nearly 1,000 households.<p>But regardless of how the market does going forward, certain bad behavior can be more costly …

Investing

Microsoft's cloud continues to fuel growth

Microsoft Corp. reported big gains in its cloud-computing business, in part by winning over customers who mix those services with its software.<p>Revenue from server products and cloud services, a category that reflects Microsoft's performance in the so-called hybrid cloud, grew 26% in the fiscal …

S&P Global

Bank of America Looks Undervalued, But Flattening Yield Curve Presents A Potential Downside

Investors were not thrilled when Bank of America reported its results for the second quarter earlier this week, with the bank’s shares falling over trading despite the fact that it produced a solid earnings beat. Investors’ disappointment largely stemmed from the fact that the bank reported a very …

Bank of America

EM, Cash May Be Best Spots for the Next 7 Years, Says GMO

By<p>July 19, 2018 12:59 p.m. ET<p><b>Grantham, Mayo, Van Otterloo</b>, better known as GMO, tend to take a more sober view of the market. That didn't change with …

Stock Markets

Emerging market bond investors keep their cool as trade-war fears rise

If emerging market bond investors are worried about a trade war, they’re not behaving like it.<p>A look at the relative returns of emerging market bonds …

Business

Danaher to spin off dental unit, posts earnings beat; shares rise

Danaher said on Thursday it would spin off its dental unit into a publicly traded company, as the medical equipment maker seeks to revitalize a …

Mergers & Acquisitions

Global 500

<b>METHODOLOGY</b><br>Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2018. All companies on the list must …

Insurance

US Debt 'Double Whammy' Unsettles Emerging Markets

Writing in the Financial Times in June, India’s central bank governor Urjit Patel complained of the destabilizing effects of a U.S. debt “double …

Economy

Goldman Sachs lifts its Alphabet target on Q2 expectations

Goldman Sachs reiterates its Buy and Conviction List ratings for Alphabet (GOOG -0.6%)(GOOGL -0.9%) but raises the price target from $1,250 to $1,350.<p>…

Business

The Pursuit of $1 Trillion: Amazon Closes In on Apple

<i>Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.<br>__________</i><p>The race to $1 trillion market value has gotten a lot closer.<p>Amazon’s stock hit a high of $1,858.88 on Wednesday after the e-commerce giant announced more than 100 …

Market Capitalization

Blackstone posts 55 percent rise in second quarter earnings per share

© Reuters. FILE PHOTO - The logo of Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange<p>NEW YORK …

Stock Markets

Analysis: 'Reverse Yankee' bond sales shrivel as U.S. firms take home dollars

LONDON (Reuters) - This year's near-collapse in U.S. companies' euro and sterling-based borrowing is being linked to Trump administration tax changes that are raising the appeal of bringing home cash held offshore to invest instead of tapping bond markets.<p>The "reverse Yankee", as offshore …

Fundraising

GE earnings — What you need to know in markets on Friday

Stocks fell on Thursday as financial stocks snapped a three-day winning streak and Treasury yields fell.<p>The major U.S. indexes opened the day in the …

Donald Trump