IBM Shares Climb After Hours on Earnings Beat

Big Blue (IBM) topped Wall Street’s top- and bottom-line expectations, and investors are sending the stock rising in after-hours trading Wednesday. IBM reported second-quarter earnings of $3.08 per share, topping analyst expectations of $3.04 per share. Revenue of $20 billion also beat Wall Street’s $19.85 billion expectations. The company also issued full-year earnings guidance of

Business & Finance


What Is NAFTA? History, Purpose and Accomplishments

You’ve almost certainly heard of NAFTA recently. With President Trump’s threats to renegotiate trade agreements with countries like Mexico and China, NAFTA has become a controversial issue. But what is NAFTA, why was it created, and how has the world’s largest trade agreement worked so far? What Is NAFTA? NAFTA stands for the North American



Junky Loans Surpass Junk-Bond Market as Investors Chase Higher Yields

On Wall Street, junky loans have overtaken junk bonds. Fitch Ratings said Monday that loans to companies with low credit ratings — known as leveraged loans — climbed to $1.22 trillion outstanding in May. That figure, up 20% from a year earlier, outstripped the junk-bond market, which slid by 1% to $1.21 trillion in May from the


Bond Yields to Slide for Rest of Year Amid Trade Turmoil, Morgan Stanley Says

Trade tensions may be wreaking havoc on the stock market, but the volatility is providing a great opportunity to invest in bonds according to Morgan Stanley (MS) . The U.S. 10-year Treasury yield has already peaked for the year according Morgan Stanley global head of interest-rate strategy Matthew Hornbach. The U.S.’ trade tensions and strengthening