On The Street: President Cuban, The Moocher States, Insider Trading…And the Return of X! |OPINION
Will Mark Cuban run for president? Is Senator Rick Scott a good manager? Newsweek editorial director Hank Gilman provides insight on the top business news of the week.
FBI Issued Warrant to Apple to Obtain Sen. Richard Burr's iCloud Account
FBI agents seized the senator's cell phone as they combed through conversations with his stock broker.
Donald Trump Says He Is Unaware of Sen. Kelly Loeffler's Stock Trades
The president appointed the congresswoman to his 'Opening Up America Again' taskforce on Thursday last week.
Boeing, Airlines, Stoke Controversy With Bailout Pleas for at Least $110bn
Boeing and major U.S. carriers are struggling with the turmoil wrought by coronavirus and are pushing for lawmakers to bail them out.
GOP Senator Kelly Loeffler Denies Any Knowledge of Insider Stock Trading
The senator insisted she had nothing to do with February stock trades--which included the selling of several that were "hammered" in the stock market due to coronavirus concerns.
Federal Reserve Announces 1st Emergency Rate Cut Amid Coronavirus Outbreak
The U.S. Federal Reserve cut interest rates by a half percentage point Tuesday morning as a means of pushing back against a recent downturn tied to the coronavirus illness—and not from Trump's pressure, Chairman Jerome Powell said.
Alibaba Readies Hong Kong Listing as Hong Kong Protests Continue
Online shopping company Alibaba is preparing to sell shares of stock in Hong Kong in a move investors hope will calm a market shaken by protests.
What Does WeWork Do? Company Files for IPO, Aims to Go Public
WeWork started in 2010 with shared office spaces and now has a number of different options to satisfy the needs of both a single freelancer and entire companies.
Canada Goose: Jacket Company Stocks Plunge Over 27 Percent
"I believe that we are still just scratching the surface of our long-term potential as we continue to define performance luxury globally," the company's CEO said.
Stocks Fall As Trump's Deal With China is Walked Back
"It doesn't seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump's tweets," traders from JP Morgan wrote in their desk commentary Tuesday.
Analysts: Economy Has Peaked Under Trump Administration
Several economic analysts and the U.S. Federal Reserve say the country is on the verge of a slowdown, with growth having "peaked" despite bold predictions from the Trump administration.
Is Canada's Legal Marijuana the New Bitcoin?
"I believe the incredible tailwinds blowing at legal marijuana's back make it so the opportunity here is much like the one internet stocks offered in 1994 … or the one bitcoin offered in 2015."
Trump Administration Demands $60 Billion Chinese Tariff
A senior Trump administration official told Reuters that steep tariffs against China are likely "in the very near future."
Trump Adviser Sold Stock Ahead of Tariff Announcement
Carl Icahn, the billionaire investor who advised the president on regulatory reform, sold millions in steel-related stocks days before President Donald Trump announced he would impose steep tariffs on foreign steel.
Trump Told to Listen to America's Youth on Gun Control
In a rare tweet to Trump, Denmark's Prime Minister Rasmussen pleaded the president hear out young Americans to "Make America great and safe again!"
Thank Goodness the Stock Market Is Sliding
A return to normal after the Great Recession is long overdue.
Does Stock Market Fall Herald End of the Long Recovery?
At some point the business cycle needs to turn, since we've enjoyed such a prolonged recovery.
Long Island Iced Tea Corp. 'Pivots to Blockchain'
The move seems to be working in the very short term—the company saw its stock price rise 400 percent.
Gun Stock Shares Skyrocket After Las Vegas Shooting
Gun share prices rise after mass shootings with the perception that tighter gun control rules will follow and that people need to better protect themselves.
The Five Stocks That Have Trumped The Donald
The president made millions with his stock portfolio, with five notable failures.
Stocks Flat After Yellen Indicates Coming Rate Hike
Federal Reserve chair says an adjustment will 'likely be appropriate' after evaluating employment and inflation data.
Why Does the Price of Bitcoin Keep Rising?
The price has reached record highs, with one bitcoin worth more than one ounce of gold for the first time.
Asian Stocks Cut Early Gains as Dollar Stands Tall
Expected signals on Trump's on planned global trade and China policies prompted caution from investors.
Google's Alphabet Earnings Beat Expectations
The search giant's parent company gained from video and put to rest concerns about mobile advertising.
Brexit Chaos Sends Shivers Through World Markets
Fallout from the Brexit vote in the U.S. entails tighter financial conditions, falling stocks, reduced risk-taking and a weaker outlook for growth.
Brexit Vote Sparking Volatility in U.S. Stock Market
Adding to uncertainty this week will be the rebalancing of Russell indexes, requiring fund managers to rebalance their own portfolios.
U.S. Jobs Report Jolts Stocks, Dollar, Oil, Bonds
Report showing slowest pace of U.S. job growth in more than five years stunned investors.
Quora Question: What Do People at the NYSE Actually Do?
The deep, dark, not-so-secret of the New York Stock Exchange is that in 2016, the 'floor' of the exchange is all for show. All of it.
U.S. Stocks Are Up While Yellen Warns of Global Risks
Fears of a China-led global slowdown, along with oil's steep slide, have dampened the market's expectations for a hike.