Monthly Archives: October 2017

Tech Earnings Drive Nasdaq Composite Sharply Higher

A week of strong earning lifted the S&P 500 and NASDAQ to new highs. More than half of the companies posted earnings on Friday and surpassed analyst expectations according to FacSet. Companies such as Caterpillar and Microsoft along with others … Continue reading

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U.S. Economy Notches Solid 3% Growth, Despite Hurricanes

The US GDP grew 3% in the third quarter and this was the best back-to-back quarterly performance in three years. This is an indicator that the economy maybe coming out of its slow growth trend as a result of rising … Continue reading

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Cisco Entering the Cloud Business

Cisco, which produces hardware products said that they are acquiring a cloud-based software company known as BroadSoft for 1.73 billion. This will help create recurring revenue by making a shift from hardware to software with subscription-based fees. A sunny day … Continue reading

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Chipotle Stock is Near a 5 Year Low

Chipotle has lost many loyal customers this year because of multiple reasons. Their third quarter profits paint a vivid picture as to how customers feel about the company. Falling below analyst expectations, Chipotle’s stocks fell by 9%. Chipotle commented saying … Continue reading

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Classic Luxury Brands Are Back in Style

Millennials are bringing back the classic brand Gucci. For many years they were blamed for the sales downturns. However, in the third quarter that is not the case. Gucci sales have risen by 49% compared to last year with 43% … Continue reading

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U.S. Investigating Wells Fargo’s Forex Trading Division

U.S. federal prosecutors are currently investigating Wells Fargo’s foreign-exchange trading division after the firm fired multiple bankers from the business. The investigation is in its early stages and is being conducted by the U.S. Attorney’s office in Washington D.C. The … Continue reading

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Oil Prices Are Up But Energy Shares Are Not

Oil prices are starting to finally recover from a 3 year slump that has hurt investors’ returns and the outlook for energy shares. Crude oil prices have risen by more than 10% the past year from production cuts by major … Continue reading

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CVS Looks to Aetna as a Potential Partner

CVS’ bid for Aetna is the most recent example of large healthcare companies finding new growth opportunities by merging different business segments under one roof. These companies are hoping to integrate different healthcare segments in order to eliminate costs and … Continue reading

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Federal Reserve Chair Finalists

After an interview with the Federal Reserve Chairwoman, Janet Yellen, the President signals that she will remain a top candidate for the job. Along with Yellen, Stanford University economist John Taylor and Fed governor Jerome Powell are among the finalists … Continue reading

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Senate’s Passing of Budget Proposal

The senate finally passed the budget for the fiscal year of 2018 last Thursday, with a projected spending of $4 trillion USD. The budget blueprint was passed with a majority vote of 51-49 with Senator Rand Paul of Kentucky being … Continue reading

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