Tag Archives: stock market

Levi Strauss Files Plan To Take Company Public

CNBC reports: Levi Strauss filed the paperwork for an initial public offering Wednesday. The iconic denim company plans to list on the New York Stock Exchange with the ticker “LEVI.” According to its SEC filing, the San Francisco-based company plans to raise $100 million through the IPO, a placeholder amount used to calculate fees, but CNBC’s Leslie Picker previously reported …

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MoviePass Parent Company Delisted By Stock Exchange

Deadline Hollywood reports: Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for extended periods. Helios stock has been …

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Trump: Impeach Me If You Want A Stock Market Crash

Newsweek reports: President Donald Trump pushed an argument on Saturday that the economy would fail if he were to be impeached. On Twitter he wrote, with his trademark self-triumphalism, that the economy was the best it has been in 50 years under his leadership, and according to the president, it would quickly decline if he were to be removed from …

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WINNING: Stock Market Plummets Another 661 Points

Investors Business Daily reports: A big haircut in the quarterly revenue outlook for Apple sent U.S. shares tail-spinning in what has become a common refrain in stocks today for the past few months. The Dow Jones industrial average and the Nasdaq composite acted as co-leaders of the sell-off, each falling 2.8% to 3% and ending practically at the session’s low. …

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Stocks Suffer Worst Year Since 2008 Banking Crisis

The New York Post reports: The stock market ended a miserable year on a positive note but still closed out 2018 with its worst showing in a decade. After setting a series of records through the late summer and early fall, major US indexes fell sharply after early October, leaving them all in the red for the year on Monday. …

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Stock Bounce Back With Dow Jones Soaring 1000+ Pts

Bloomberg reports: U.S. stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming withing points of seeing it end, with major indexes surging at least 4.9 percent. Crude jumped almost 10 percent. All but one member of the S&P 500 advanced, the Dow Jones Industrial Average jumped more than 1,050 points and the Nasdaq …

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REPORT: Trump Might Fire Treasury Sec. Steve Mnuchin

Bloomberg reports: President Trump has weighed dismissing Treasury Secretary Steven Mnuchin, a source familiar with the president’s thinking told Bloomberg News. Another source told Bloomberg said that Mnuchin’s future at the helm of the Treasury Department depends on whether the market continues to drop. Trump’s unhappiness with his treasury chief was reported the day after Mnuchin released a statement seeking …

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WINNING: Dow Jones Plummets Another 650 Points

CNN reports: Markets took a wild ride on Monday after Treasury Secretary Steven Mnuchin’s attempts to calm investors backfired. Stocks had recovered late morning, but then fell to their lowest level for the day after President Donald Trump tweeted mid-morning, “The only problem our economy has is the Fed.” Investors are concerned that Trump may fire Federal Reserve Chairman Jerome …

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Steve Mnuchin Calls Market “Plunge Protection Team”

Reuters reports: U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index .SPX on pace for its …

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SHUTDOWN MAN: Dow Sees Worst Week In Decade

Yahoo Finance reports: U.S. stocks plunged Friday, extending a crushing week of declines for the major equity indices. The S&P 500 fell 2.06%, or 50.76 points, as of market close and is down 7% this week. This was the worst week for the S&P 500 since August 2011. The Dow slid 1.82%, or 417.11 points. The index fell 6.75% for …

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SHUTDOWN MAN: Stocks Tumble Another 500 Points

The Street reports: Stocks tumbled on Thursday, Dec. 20, with the Dow diving almost 500 points as concerns grew that the U.S. government would partially shut down over the Christmas holiday season because President Donald Trump won’t sign a stopgap spending bill. Speaker of the House, Paul Ryan (R-Wis.), said Thursday that Trump wouldn’t be signing the spending bill after …

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Stock Market Craters 500 Points To 14-Month Low

Reuters reports: U.S. stocks are skidding Monday as another day of big losses takes the market to its lowest level in more than a year. Retailers and technology stocks are sinking, and health insurers and hospitals are falling after a federal judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Many experts expect the ruling will be …

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POLL: Economic Pessimism Hits Five-Year High

Bloomberg reports: The number of Americans expecting the U.S. economy to get worse in the next year is at its highest point since 2013, a national NBC/Wall Street Journal poll shows. A majority of Americans also say President Donald Trump has been untruthful about the investigation into Russia’s interference in the 2016 campaign, and half say the probe has given …

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Fox Business Host Blames Dems For Stock Market Slide

“I think it’s the tone. You know, the very next day [after the election] the market was up. But since then, the tone of Democrats, who have declared war on President Trump, I think have been a real negative wave for the market. Particularly, I think Americans want to see legislation, not more investigations. You know, I don’t think they …

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Stock Market Rout Wipes Out All Gains For 2018

Axios reports: In trading this morning, the Dow, the S&P and Nasdaq all wiped out their gains for the year. Retail stocks were hit hard just two days before Black Friday, the biggest brick-and-mortar shopping event of the year. Many traditional retailers have reported strong sales growth quarter after quarter this year — Target reported today that sales surged 5.1% …

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Trump Blames Dem “Harassment” For Sliding Stocks

CNBC reports: President Trump has repeatedly said there’s been no collusion between his campaign and Russia. So far, Mueller’s probe has led to the indictments of more than 30 people including mostly Russian nationals, but also former Trump campaign manager Paul Manafort and former National Security Adviser Michael Flynn. Trump, however, appears ready to point to any potential problems he …

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Trump Blames Market Plunge On Midterms (It’s Tariffs)

Politico reports: President Donald Trump on Tuesday claimed that the stock market was taking a “little pause” amid anticipation for next week’s midterm elections. After rising more than 350 points Monday morning, the Dow Jones industrial average took a 566-point plunge before closing down after Bloomberg reported that the administration was readying to announce a fresh round of tariffs on …

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Dow Jones Plummets 1376 Points In Two Days

NBC News reports: Wall Street had another rough day on Thursday, with the tech-heavy Nasdaq index dipping into correction territory and the Dow Jones closing 548 points down after another day of market convulsions. Thursday’s market mayhem followed a global ricochet triggered the previous day when the Dow Jones tumbled by more than 800 points to its lowest level since …

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Barclays: Impeachment Wouldn’t Crash Markets

The Hill reports: President Trump’s removal from office, either by impeachment or electoral means, would not endanger America’s economy or trend of economic growth, financial analysts at Barclays said Thursday. In a post on LinkedIn published Wednesday, the firm’s head of investment strategy in London wrote that economic growth has “little” to do with actions taken by or affecting the …

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Amazon Follows Apple In Topping $1 Trillion Market Cap

CNBC reports: Amazon just passed a $1 trillion market cap, and analysts are still telling investors to buy, buy, buy. Of the 47 analysts with ratings on Amazon, 45 (or 96 percent) say analysts should keep accumulating the shares, according to FactSet. That’s the highest ratio of buy recommendations among the 10 most valuable U.S. tech companies. Apple, which last …

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