Markets

10 things you need to know before the opening bell

Here is what you need to know.<p><b>Fed minutes are coming.</b> The minutes from the January 31/February 1 FOMC meeting will be released at 2 p.m. ET. Traders will be on the lookout for any hints that the Fed may give as to when the next rate hike may occur. Currently, the market sees a 38% chance the next …

Business

How Snap’s Big Stock Gifts Could Sting Future Investors

Making money on Snap stock increasingly figures to be a long shot, not a snap.<p>Analysts and pundits have been rightly warning about numerous dangers …

Market Capitalization

Italy freezes assets of banker accused of using Vatican for market rigging

| ROME<p>Investigating magistrates in Italy on Tuesday froze millions of euros worth of assets belonging to a prominent Italian banker they believe used the Vatican bank and another Holy See financial department for market manipulation.<p>The financial crimes police said in a statement that they had …

Market Manipulation

Burger King Buys Popeyes for $1.8 Billion in Fast-Food Mega-Merger

Canadian favorite Tim Hortons is also under the same umbrella<p>The fast-food universe gave birth to a deep-fried, flame-broiled lovechild today: After weeks of swirling rumors, Burger King parent company Restaurant Brands International announced this morning that it’s <b>acquiring Popeyes for $1.8 …

Black Market

Look out, Amazon? Walmart’s $3.3B Jet.com deal starts to pay off with big growth in online sales

Walmart has invested heavily in e-commerce over the last year, most notably its $3.3 billion acquisition of Amazon competitor Jet.com, and it appears …

Walmart

More on Nationstar Mortgage's Q4 miss

Servicing segment Q4 adjusted pretax income of $58M or 5 basis points vs. $39M and 4 four basis points in Q3. Full-year adjusted pretax income of …

Business

Congo Said to Get $100 Million to Clear China Moly Purchase - Bloomberg

The Democratic Republic of Congo’s state mining company received $100 million as part of a settlement to drop its objections to the sale of the …

21st Century

Top 4 Gold Stocks for 2017

Last year was an interesting year for gold investors. In January 2016, the gold price per ounce had fallen to $1,060 after reaching highs of $1,230 …

Market Capitalization

Here’s Why Airbus Just Took Another $1.2 Billion Hit

European aerospace group Airbus (eadsy) took a new 1.2 billion euro ($1.2 billion) charge for its troubled A400M military aircraft program and called …

Aerospace

U.K. Obamacare Contractor Sales Clouded by Trump Repeal Plan - Bloomberg

Serco Group Plc shares slumped the most in more than two years after the British outsourcing specialist reported an earnings drop and warned U.S. …

Business

Here’s What Happened After Macy’s Closed 66 Stores

Macy’s Inc,’s shrinking store count has paid off in better-than-expected fourth-quarter earnings posted by the firm today.<p>While the department store …

Investors feel greedy; Tracking Tesla; Fed minutes

<b>London (CNN) —</b> <b>1. Getting greedy:</b> Wall Street is on a major winning streak.<p>The Dow Jones industrial average posted an eighth consecutive record on Tuesday. The S&P 500 and Nasdaq are also sitting at their highest levels ever.<p>Will the rally continue? It's hard to say: U.S. stock futures were little …

Business (UK)

Why Walmart is soaring while Macy's flounders

The latest financial results from chain-store giants Walmart and Macy’s painted a stark picture Tuesday of how one retailer is finding its way through a retail landscape increasingly dominated by e-commerce giant Amazon, while the other struggles to regain its footing.<p>Walmart, the world’s largest …

Business

Sensex rises; Reliance Industries hits near 8-year high

REUTERS - Indian shares rose on Wednesday as Reliance Industries climbed to a near 8-year high after investors welcomed plans by its telecom unit to start charging customers for services.<p>The index also tracked Asian equities that rose 0.6 percent, joining a record-setting session for global markets …

Bayer logs successful 2016 amid Monsanto takeover

German pharmaceuticals giant Bayer has posted a decent jump in full-year earnings and revenues for 2016. The Leverkusen- based company also reported good progress in its planned takeover of Monsanto.<p>Bayer reported a 10.2-percent jump in annual profit for 2016 to 4.53 billion euros ($4.77 billion), …

21st Century

The US dollar is climbing

The dollar is climbing.<p>The <b>US dollar index</b> is up by 0.6% at 101.53 as of 8:16 a.m. ET.<p>Federal Reserve Bank of Philadelphia President Patrick Harker said on Friday in an interview with Market News International, "I would not take March off the table at this point. We'll have to see how it plays out …

Foreign Exchange Market

Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

The nation's largest retailer keeps working to make headway against the largest online seller.<p>Wal-Mart Stores Inc. drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That's an …

Fortune 500

Significant Digits For Wednesday, Feb. 22, 2017

<i>You’re reading Significant Digits, a daily digest of the numbers tucked inside the news.</i><p><i>I’ve been informed that yesterday was the 538th edition of</i> …

Petrofac swings to profit on cost cuts in 2016

Oil services firm made a net profit of $1m in the 12 months to 31 December period.<p>Petrofac has posted a modest profit for 2016 after cost-cutting …

It’s Raining Dividend Hikes - Income Investing

By Johanna Bennett<p>Here’s a rundown of some noteworthy dividend hikes announced today:<p>Getty Images<p><b>Home Depot</b> (HD) posted fourth quarter sales growth …

Investing

Lumber Liquidators shares soar on lower than expected losses

Certain types of laminate flooring made by Lumber Liquidators have a greater risk of causing cancer or other health problems than previously believed, U.S. health regulators said Monday. USA TODAY<p>Shares of Lumber Liquidators Holdings rocketed higher Tuesday after the specialty retailer of hardwood …

Iberdrola Proposes Dividend Increase of About 11%

Ignacio Galan, chief executive officer at Iberdrola, discusses full-year earnings, utility prices and his outlook for the company. He speaks to …

21st Century

Time Inc. won’t be breaking up anytime soon

A breakup of Time Inc. into pieces is not likely to occur — at least under the current talks between the publisher and suitors, Media Ink has learned.<p>…

Proposed U.S. ETF would track flowering marijuana market

An investment company is making plans to launch what could be the first exchange-traded fund to profit on marijuana.<p>The Emerging AgroSphere ETF would give investors an opportunity to buy a group of companies making prescription drugs using cannabis extracts, selling hemp derivatives and other …

Stocks

What's On Our Radar, February 21, 2017

Trump's pick, retailers and a fallen Fox colleague. Here's what's On Our Radar today:<p>Trump's New Pick<p>Attention! President Trump has named General HR McMaster as the new national security adviser (replacing Michael Flynn). McMaster comes with decades of experience in the Army including leading a …

Michael Flynn

Bayer CEO Confident Monsanto Purchase Will Be Approved by End of Year

LEVERKUSEN, Germany—The chief executive of German chemical conglomerate Bayer AG said Wednesday that he was confident the company’s planned $57 billion acquisition of U.S. seed maker Monsanto Co. would overcome any regulatory obstacles and close by the end of the year, despite delays with U.S. and …

21st Century

Payless Shoes is closing thousands of stores, taking our childhoods with them

We’re not sure how to handle this: Payless Shoe Source is closing shop on thousands of stores. <i>Business Insider</i> reports that Payless plans on closing …

Sensex rises 103 points, Nifty by 19 as markets close higher for sixth straight session

Reliance Industries Limited was the day’s biggest gainer, climbing 11.17% to its highest levels since June, 2009, by the end of the day.<p>The Bombay …

Finance

Macy’s Will Add 34 More Stores To The Garbage Heap “Over The Next Few Years”

Just last month, Macy’s announced that it would be shutting down 68 stores across the country. Today, the retailer clarified its previously disclosed …

eCommerce

Hays Says Majority of Its Markets Remain Positive

Paul Venables, finance director at Hays, discusses first-half earnings and his outlook for the company in the U.K. and the euro zone. He speaks to …

Business