Tag Archives: stock

Meet the bears predicting stock market doom

Here’s how the Dow topped 23,000 It’s a lonely time to be a bear. As Wall Street recalls the 30th anniversary of Black Monday, the bulls have taken full control of the stock market. The bull market born from the ashes of the Great Recession has kicked into high gear lately. The Dow has spiked nearly 6,000 points since the election of President Trump, who warned about a “big, fat, ugly bubble” as a candidate but now cheers each milestone. The red-hot stock market may continue its rapid ascent, especially ...

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China has a new richest man after his company stock soared 450%

China’s love of QR codes There’s a new face at the top of China’s wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande(EGRNF), is now the country’s richest man after his wealth ballooned to $ 43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%. Evergrande’s Xu has seen his net worth ...

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Equifax is investigating executive stock sales

These CEOs were pushed out by scandal Equifax is investigating three executives who sold company shares worth nearly $ 2 million shortly after a massive data breach was discovered, but before the company announced the breach to the public. The investigation was disclosed in a letter Friday to Rep. Frank Pallone, the lead Democrat on a House committee looking into the Equifax data breach. “Equifax takes these matters seriously,” said Equifax said in response to a letter from Pallone that raised questions about the stock sale. “The board of directors ...

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Without price breaks, rural hospitals struggle to stock lifesaving drugs

Why is health care in the U.S. so expensive? Hospital pharmacist Mandy Langston remembers when Lulabelle Berry arrived at Stone County Medical Center’s emergency department last year. Berry couldn’t talk. Her face was drooping on one side. Her eyes couldn’t focus. “She was basically unresponsive,” Langston recalls. Berry, 78, was having a severe ischemic stroke. Each passing second made brain damage more likely. So, Langston reached for the clot-busting drug Activase, which must be given within a few hours to work. “If we don’t keep this drug [in stock], people ...

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Nintendo Stock Price Surges After A Game Announcement And More

Nintendo’s stock price jumped by more than 7 percent this week, apparently in response to the news that a game from Chinese internet giant Tencent in coming to Nintendo Switch. The company’s multiplayer online game Arena of Valor was announced for Nintendo Switch during a Nintendo Direct and it’s due out later this year. Sources told The Wall Street Journal that investors are enthusiastic about the news because it “could be a precursor to arrangements allowing Nintendo to sell the Switch and its mobile games in China.” China, of course, ...

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New stock records in sight; Ryanair hits turbulence; Bitcoin recovers

Click chart for in-depth premarket data. 1. Records keep rolling in: U.S. markets can’t be held back. American stock futures were pushing higher on Monday after every major index hit all-time highs on Friday. The Dow Jones industrial average looks set to notch a seventh day of gains on Monday, and the S&P 500 is set to push further above its Friday close of 2,500 points. CNNMoney’s Fear & Greed Index, which tracks seven indicators of market sentiment, is now in “extreme greed” territory. Big tech stocks continue to lead ...

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Disney's dark side: Stock tanks on earnings warning

5 stunning stats about Disney Disney wasn’t the happiest place on earth for investors Thursday — and other big media stocks weren’t exactly magic kingdoms either. Shares of Disney(DIS) fell more than 4% after CEO Bob Iger said at a Bank of America media conference that the company’s earnings were likely to be flat this year. Wall Street had previously expected a 3% increase in profit from a year ago. Disney’s stock, which was down slightly last year, is now lower for this year, too. Iger expressed optimism that the ...

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Apple's Tim Cook gets $89 million stock payout

Tim Cook: Technology can’t work without people Tim Cook’s stewardship of Apple is paying off. The iPhone maker’s CEO received company stock worth $ 89 million last week after hitting a key performance target, according to a regulatory filing Monday. The payout is part of the huge welcome package that Apple(AAPL, Tech30) gave Cook after he succeeded Steve Jobs in 2011. Cook only gets the shares in fixed amounts as they vest over a period of years. Half of the latest batch was linked to the performance of Apple’s share ...

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Millions of Americans can't feel the stock market boom

Trump’s shifting views on stock market highs The roaring stock market rally that President Trump loves to boast about has left half the country behind. Only 54% of Americans have money invested in the market, either through individual stocks, mutual funds or retirement plans like a 401(k), according to a Gallup survey in April. That’s down from 65% just before the Great Recession — meaning that millions of people have sat out one of the longest bull markets in history. The S&P 500 has nearly quadrupled, and lately the Dow ...

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Trade deadline winners and losers: Dodgers, Yankees stock up; Orioles miss out

7:02 PM ET Are we foolish enough to assign winners and losers of the trade deadline? Of course we are! And the best part: We could see more trades in August. Winner: Sonny Gray Put it this way: If you were a professional baseball player and had the freedom to sign anywhere, Oakland wouldn’t exactly be your first choice. Other than maybe the visitors’ clubhouse at Wrigley Field, the A’s have the worst facilities in the majors. More importantly, Gray gets to leave a last-place team for the first-place Yankees. ...

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