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Financial News of the Day

 

Fallen angels? Victoria's Secret sales plunge

23-02-2017

Fallen angels? Victoria's Secret sales plunge

Sex apparently didn't sell for Victoria's Secret on Valentine's Day. The company that owns the lingerie and intimate apparel chain -- and is famous for its models wearing angel wings -- warned that this month's sales are not going to set investors' hearts aflame. L Brands, which also owns Bath &... Read more

How Donald Trump Is Helping and Hurting Obamacare at the Same Time

21-02-2017

How Donald Trump Is Helping and Hurting Obamacare at the Same Time

While the Trump administration pursues plans to repeal and replace Obamacare, it is making some seemingly conflicting moves aimed at the current system. One federal agency has proposed changes to shore up the Obamacare health-insurance marketplaces, while a separate decision by the Internal Revenue Service weakens an incentive for consumers to... Read more

Where coal is still king

20-02-2017

Where coal is still king

WAYNESBURG, Pa. — Two weeks after Derek Cisar's wife gave birth to their son, the 36-year-old coal miner had to tell her he'd lost his job. "It wasn't because there wasn't any work," he said, moments after emerging from the underground mine. "Things in the industry in our area had started... Read more

Target's Lackluster Holiday Sales Signal Broad Industry Changes Ahead

18-01-2017

Target's Lackluster Holiday Sales Signal Broad Industry Changes Ahead

Consumers gleefully reached deep into their pocketbooks during the critical holiday-shopping season last year, but more evidence is surfacing that cheer was on short supply at many traditional retailers. Target (TGT) on Wednesday said sales in November and December at stores open for at least a year fell 3% thanks... Read more

MarketWatch First Take: Whitman’s excuse…

23-02-2017

MarketWatch First Take: Whitman’s excuses for Hewlett Packard Enterprise earnings are not enough

Hewlett Packard Enterprise Inc. stumbled yet again Thursday, and Chief Executive Meg Whitman has run out of excuses for her failure to get this crumbling ship afloat. HPE HPE, -0.48%  has never found its footing... Read more

The Wall Street Journal: Time Warner sel…

23-02-2017

The Wall Street Journal: Time Warner sells onetime WTBS station to smooth AT&T deal

Time Warner Inc. agreed to sell its Atlanta television station to Meredith Corp. for $70 million, removing a significant factor that could have prompted the Federal Communications Commission to review Time Warner’s $85 billion sale... Read more

Key Words: Russia has won the Syrian civ…

23-02-2017

Key Words: Russia has won the Syrian civil war, says Russia

‘[The Russian military] solved the geopolitical tasks, caused substantial damage to the international terrorist organizations in Syria, disrupted their financial support and the system of their recourses [sic] supply.’... Read more

The Wall Street Journal: House committee…

23-02-2017

The Wall Street Journal: House committee seeks answers to deadly fentanyl crisis

U.S. House lawmakers are pressing the nation’s drug czar for more data on the dangerous synthetic opioid fentanyl, including how it is trafficked and how many people it has killed, in the latest effort to... Read more

Asia markets lower; Toshiba up as firm n…

23-02-2017

Markets in Asia were mostly lower in morning trade on Friday, tracking a mixed finish in the U.S. on the back of remarks made by U.S. Treasury Secretary Steven Mnuchin. Japan's Nikkei 225 traded down 0.19 percent, reversing some of its earlier losses of near... Read more

Mike Pence takes the stage at CPAC

23-02-2017

Mike Pence takes the stage at CPACTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.... Read more

Uber secures third-party insurance cover…

23-02-2017

The firm was criticised for failing to provide adequate insurance required by law.The news came amid a legal battle involving five Uber drivers charged with using a car for hire without a permit and driving without third-party insurance.Their trial, a result of a police raid... Read more

Cramer Remix: How Garmin could outrun Fi…

23-02-2017

If Cramer only listened to the media, he would think that every single point of the stock market rally falls on the shoulders of President Donald Trump and his policies.Newsflash: It doesn't."Give credit to this market where credit is due and recognize that the bull... Read more

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