31 July, 2017 by The TZ Newswire Staff Comments Off on Oil at two-month high, ends above $50 a barrel
Oil at two-month high, ends above $50 a barrel
Oil prices rose to two-month highs on Monday, ending the strongest month of the year for crude futures, bo
31 July, 2017 by The TZ Newswire Staff Comments Off on Samsung Blows Past Intel as World’s Biggest Chipmaker
Samsung Blows Past Intel as World’s Biggest Chipmaker
Samsung gains on a supply squeeze for NAND and DRAM memory chips as demand for data storage surges.
31 July, 2017 by The TZ Newswire Staff Comments Off on This activist investor wants luxury condos in Saks Fifth Avenue
This activist investor wants luxury condos in Saks Fifth Avenue
Part of Saks Fifth Avenue’s Manhattan flagship store could be turned into luxury condominiums if one activist investor has his way. Jonathan Litt, who runs the hedge fund Land and Buildings, wrote a letter to Canadian retail giant Hudson’s Bay Company’s board Monday urging it to consider new directors, taking the public company private and selling off its subsidiary Saks Fifth Avenue, Bloomberg reported. A Saks sale could also allow the company to turn the […]
31 July, 2017 by The TZ Newswire Staff Comments Off on VIX Daily Update: Volatility Rises for Third Straight Session
VIX Daily Update: Volatility Rises for Third Straight Session
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CBOE VIX little changed amid stock retreat. The CBOE VIX (NYSEARCA:VXX) pared gains on Monday, as stocks settled mostly lower ahead of high-profile earnings and data. The Chicago Board Options Exchange (CBOE) Volatility Index declined 0.3% to close at 10.26, marking its third straight gain. Despite the gain, volatility remains benign overall as stocks continue…
31 July, 2017 by The TZ Newswire Staff Comments Off on What Happened in the Stock Market Today
What Happened in the Stock Market Today
Stocks ended July on a mixed note, with the Dow Jones Industrial Average (DJINDICES: ^DJI) closing at a new high, but the S&P 500 (SNPINDEX: ^GSPC) finishing the day slightly lower.
Data source: Yahoo! Finance.
31 July, 2017 by The TZ Newswire Staff Comments Off on This Is Why the Market Ignored Starbucks Corporation’s Billion-Dollar China Decision
This Is Why the Market Ignored Starbucks Corporation’s Billion-Dollar China Decision
When Starbucks Corporation (NASDAQ: SBUX) reported third-quarter earnings on July 27, much of the focus was bound to be on same-store sales growth, particularly in the coffee giant’s core U.S. market. And while the 5% U.S.
31 July, 2017 by The TZ Newswire Staff Comments Off on Dow Jones Rises to New Highs as Broader Market Retreats
Dow Jones Rises to New Highs as Broader Market Retreats
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Monday was another record-setting day for the Dow Jones Industrial Average. US stocks finished mostly lower on Monday, although the Dow defied the downtrend by recording its fourth consecutive record close. The blue-chip Dow Jones Industrial Average (NYSEARCA:DIA) advanced 60.81 points, or 0.3%, to close at 21,891.12. That was enough for a new record close.…