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Stocks Tank Into Close, End Down More Than 100 Points After Fed Rate Hike

Stocks Tank Into Close, End Down More Than 100 Points After Fed Rate Hike

5 Things You Missed in the Markets Wednesday The Fed decision triggered these moves: bank stocks such as Action Alerts PLUS holding JPMorgan Chase (JPM) caught a bid; the dollar strengthened; 10-year yields popped, triggering a selloff in home-builder stocks. This is what the Fed rate hike means to you. Rockwell Automation (ROK) CEO Blake


Tesla Shares Jump as Musk Promises ‘Full Self-Driving’ Features This Summer

Tesla Inc’s (TSLA) Autopilot system may be under increased scrutiny, but it still has the potential to get investors excited. The electric carmaker’s stock jumped close to 5% on Monday after Musk surprisingly disclosed in a tweet on Sunday that “full self-driving features” would be rolled out this summer via a software update to Autopilot, Tesla’s driver-assistance system. The update, Version


KKR Buying Envision Healthcare for $9.9 Billion

It’s a done deal. After a seven-month strategic review, healthcare services company Envision Healthcare Corp. (EVHC) said Monday, June 11, it has agreed to sell to private equity firm KKR & Co. (KKR) for about $9.9 billion, including the assumption or repayment of debt. The announcement came on the heels of a Reuters report on


Tesla Just Hit a Pair of Big Milestones for the Model 3

While plenty of folks grab the popcorn to watch Tesla Inc.  (TSLA) CEO Elon Musk trade jabs with journalists on Twitter, Tesla’s Fremont factory just notched a couple of big production milestones for the Model 3. In a companywide email Thursday morning, Elon Musk congratulated employees for achieving a production rate of 500 Model 3 sedans a

Gap Drops

Gap Drops After Hours on Disappointing Earnings, Weak Same-Store Sales

A major quarterly slip for the Gap Inc. (GPS) . Shares of the San Francisco-based retailer dropped more than 8% in after-hours trading on Thursday, May 24, following a fiscal first-quarter earning report that showed companywide same-store sales rise just 1%, compared with 2% a year ago. Analysts were expecting a gain of 1.7%. Also


Stocks end higher, but cuts gain after Trump says Iran decision imminent

U.S. stock benchmarks finished higher on Monday, but well off the peak of the day, as energy shares pulled back following a late-afternoon tweet from President Donald Trump indicated that a decision was imminent on whether the U.S. would decertify a 2015 Iran nuclear pact. The broader market had been enjoying a bump from energy-related

Asian markets quiet, awaiting upcoming economic data

Asia-Pacific stock moves were muted in early trading Wednesday, after most overseas benchmarks saw little change the previous day. Most markets in the region were closed Tuesday for the Labor Day holiday, and Japan will be closed Thursday and Friday. Investors on Wednesday are awaiting cues from U.S.-China trade negotiations, along with the release of