Markets

admin August 30, 2018

Click chart for more premarket data. 1. Amazon on fire: Shares in Amazon rose by more than 3% on Wednesday, leaving the company’s market value just short of $1 trillion. Another strong performance on Thursday would earn Amazon (AMZN) the distinction of being the second US company to be valued above $1 trillion. Apple was […]

admin August 30, 2018

The economy is humming. Americans are eager to spend on clothes, toys and home decor. Just not at JCPenney. Leaderless, $4 billion in debt and with a stock price below $2, the besieged retailer faces an uncertain fate after posting its latest round of dismal earnings. “They’re in a leaky boat that eventually will sink,” […]

admin August 30, 2018

James Bond’s favorite carmaker is planning to go public. Aston Martin said Wednesday that it’s aiming to list shares on the London Stock Exchange later this year, marking another milestone in the revival of the British brand. The sports car maker has been considering an initial public offering for some time. But the timing and […]

admin August 29, 2018

The interview followed last week’s conviction of Paul Manafort, Trump’s one-time campaign manager, and the guilty plea of Michael Cohen, the president’s former personal lawyer. We asked three economists — M. Todd Henderson, Eric Zitzewitz and Larry Hatheway — to weigh in on how the market might react if Trump gets the boot. Impeachment is […]

admin August 29, 2018

Economic growth for the second quarter was even better than we thought. US gross domestic product grew at an annualized rate of 4.2% last quarter, the Bureau of Economic Analysis reported Wednesday. That’s up from 4.1% in its first estimate. The new number is based on more complete data, which for the second quarter included […]

admin August 29, 2018

Instagram just announced three features designed to bring a measure of security and peace of mind to the platform as it tries to avoid some of the trust issues roiling its parent company, Facebook. The new tools will make it much easier for users to know who’s actually behind some of the platform’s biggest accounts. […]

admin August 29, 2018

The longest bull market in American history is still hot. The S&P 500 and Nasdaq just closed at record highs. But that doesn’t mean there aren’t risks. So which sectors should investors focus on, and which should they avoid? Liz Ann Sonders, chief investment strategist at Charles Schwab, will join CNN’s Alison Kosik to talk […]

admin August 28, 2018

Whole Foods doesn’t look much different since Amazon bought it a year ago. Salmon and avocados are a little cheaper. Shoppers are greeted by ads for Echos. Workers wear uniforms with the light blue Prime logo. To find the big changes, look at the rest of the grocery business. Incumbents like Walmart (WMT), Kroger (KR), […]

admin August 28, 2018

Click chart for in-depth premarket data. 1. Trump vs. Canada: The United States and Mexico have reached an agreement to change parts of NAFTA. But where does that leave Canada? The deal announced by President Donald Trump on Monday left open the question of whether Canada, the third country in the free trade deal, would […]

admin August 28, 2018

Investors cheered a tentative US-Mexico trade deal and sent stocks to record highs. Both the S&P 500 and the Nasdaq closed at all-time highs on Monday, and the Nasdaq topped 8,000 for the first time. The Dow spiked 259 points and finished above 26,000 for the first time since February 1. The deal would rewrite […]