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Jerome

As U.S. Economy Downshifts, Fed Chief Powell Prepares to Alter His Message

As U.S. Economy Downshifts, Fed Chief Powell Prepares to Alter His Message

In the year and a half since Jerome Powell took over as chairman of the Federal Reserve, one thing has become clear: He usually doesn’t surprise people. Historically, the central bank has raised interest rates when the economy is strong — to keep it from overheating — and cut them when a slowdown is coming — to

How to Trade Lululemon After Earnings

Like the look of Real Money Stock of the Day Lululemon Athletica (LULU) post-earnings? “I like how you can’t go anywhere without seeing this product, you know, even in your own mailbox,” he said. But there’s more to it than that. “Their margins are improving, their sales are improving, they upped guidance but they stayed below

Is Trump’s Economy Something or Nothing? Wall Street Bickers Over the Question

“Binary” is a word that dates to the 15th century, according to Online Etymology Dictionary, but was revived in the 20th century as a way of describing how computers operate: All programming ultimately breaks down to controlling a bunch of zeros or ones in the machine — turning on myriad electrical nodes in an integrated circuit on, or turning them

Jerome

Fed Unlikely to Cut Rates This Month Even as Job Market Stalls: Bank of America

It’s probably too soon for the Federal Reserve to cut official U.S. interest rates to bolster economic growth, Bank of America economists wrote Friday in a report, even after a Labor Department report showed that businesses slowed hiring dramatically in May. The prediction by Bank of America, the second-biggest U.S. lender, comes as a growing number of

Raytheon

Raytheon, United Technologies to Merge

Raytheon (RTN) and United Technologies (UTX)  have announced an all-stock merger to form an aerospace and defense giant that will be known as Raytheon Technologies Corporation and expected to have $74 billion in pro forma 2019 sales. The deal that would combine Massachusetts-based defense contractor Raytheon with Connecticut-based aerospace company United Technologies “will offer a complementary portfolio of platform-agnostic aerospace

Airlines

Airlines Cut Profit Forecast By Billions on Protectionism, Fuel Fears

Airlines are globally facing the threat of higher fuel costs and rising trade tensions, according to the International Air Transport Association, which this weekend downgraded its 2019 outlook for air transport industry profit by $7.5 billion.  The International Air Transport Association said it was cutting the outlook to $28 billion in profit from the $35.5 billion that

Nvidia, Lumentum Among Beaten Down Gems, Providing the Market Will Cooperate

Are we at the beginning of a slump in enterprise tech demand? It’s a worthwhile question, because it determines whether or not one should dip a hand into several beaten-down tech stocks of companies that are real gems. Nvidia (NVDA) , Intel (INTC) , Micron Technology (MU) , Lumentum Holdings (LITE) are four names that

Costco Shares Slip After Solid Q3 Earnings as Tariff Threat Pressures Prices

Costco Wholesale Corp. (COST) shares traded lower Friday after the wholesale shopping club group said it may have to raise prices in order to offset potential tariffs on China imports even as it posted stronger-than-expected third quarter earnings. Costco said diluted earnings for the three months ending on May 12, the company’s fiscal third quarter, came in

U.S. Inflation Gauge Jumps in April, Shows Fastest Price Increases Since 2017

A key gauge of U.S. inflation in just a month has gone from being essentially nonexistent to something quite real. Prices on consumer purchases excluding food and energy rose by 0.25% in April, the most since October 2017, a report from the Commerce Department’s Bureau of Economic Analysis showed Friday. The monthly increase in the gauge,

Qorvo, Skyworks and Xilinx Fall on Huawei’s U.S. Blacklisting

Shares of several communication chipmakers fell sharply Thursday following the news that the U.S. Commerce Department was adding Huawei Technologies and dozens of its affiliates to an “Entity List” that would greatly restrict its ability to buy components from U.S. companies. Qorvo ( QRVO) and Xilinx ( XLNX) , which supply communications chips to Huawei, were all down more than 

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