Movers & Shakers: August 1, 2019
Stories moving the markets and shaking up the world.
Dem’s buyback bill creates ‘worker dividend’ paid to employees when companies repurchase shares
A bank teller at JPMorgan would be owed $20,000, according to Ohio Sen. Sherrod Brown.
The Fed just cut rates and history shows stocks should rip higher
The Federal Reserve just cut interest rates for the first time in over a decade and it could be good news for stocks.
Stocks tumble as Fed's Powell talks rate cut
The rate cut was not all investors had hoped.
Stocks close lower after Trump's China comments
It is being widely anticipated by economists that the central bank will cut interest rates for the first time in a decade.
Stocks struggle before Fed meeting, trade talks, slew of earnings reports
Trade talks between the U.S. and China will resume on Tuesday, two months after negotiations broke down.
Back-to-school shopping anxiety, millennials feel pressure to overspend
This back-to-school season, parents are feeling pressure to overspend.
Warren Buffett likes Bank of America even more
BofA gets more love from the Oracle of Omaha.
Kudlow optimistic as Lighthizer, Mnuchin head to China for talks
The U.S. and China are set for another face-off in trade talks.
Movers & Shakers: July 26, 2019
Stories moving the markets and shaking up the world.
S&P 500, Nasdaq hit record highs as Google, McDonald’s, 2Q GDP lift stocks
Second-quarter growth of 2.1 percent topped expectations of 1.8 percent.
Amazon misses 2Q profit estimates
The company forecast net sales in the range of $66 billion and $70 billion for the third quarter.
Google parent, Alphabet, 2Q revenue beats estimates
Revenue jumped 19.3% to $38.94 billion.
Tesla sees profit in 4Q, despite big 2Q losses
Though the trailblazing electric-car company produced a record number of cars, it lost $408 million in the second quarter. However, a company spokesman said that largely reflects one-time events and that on an adjusted basis the second-quarter earnings loss is closer to $120 million.
Facebook investors shrug off $5B fine, as critics blast FTC
Investors seemed mostly unphased by Facebook’s latest rough patch, buoyed by strong second-quarter earnings.
S&P, Nasdaq soar to record highs, unfazed by Mueller testimony
Shares of Facebook jumped in after-market action, as the social media giant reported strong second-quarter results.
Netflix shareholder lawsuit rips executives over subscriber growth miss
Filed on behalf of shareholder Johan Wallerstein, the lawsuit alleges that Netflix violated SEC regulations by making statements that were “materially false or misleading.”
Dow pops on renewed China trade talks, strong earnings
Investors also continue to brace for the expected interest rate cut by the Federal Reserve later this month.
Where Americans are putting their money right now
Years after a housing crash that left the economy hurting, many Americans still see real estate as their top pick when it comes to investing.
Apple in advanced talks to buy Intel's smartphone-modem chip business
A deal, covering a portfolio of patents and staff valued at $1 billion or more, could be reached in the next week.


















