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Archive US: Trading

  • Feb 15- Medicaid- focused health insurer Molina Healthcare Inc on Wednesday reported a fourth-quarter loss and forecast 2017 profit far below Wall Street estimates, sending its shares down 14 percent. Molina placed the blame for its disappointing performance on the Affordable Care Act, former President Barack Obama's signature healthcare reform law...

  • TripAdvisor's total revenue in the fourth quarter was $316 million, missing the average analyst estimate of $326.5 million, according to Thomson Reuters I/B/E/S. Needham, Massachusetts- based TripAdvisor, which aggregates reviews and opinions about destinations and hotels, said its referral and transaction revenue was $154 million, flat from last year.

  • Is there still time to buy into Brazil?

    Brazil-tracking ETF (EWZ) is following up a great 2016 with a big start to 2017. Stacey Gilbert of Susquehanna and Matt Maley of Miller Tabak discuss with Brian Sullivan.

  • Stocks are ‘overbought and overloved’: Market strategist

    Stacey Gilbert of Susquehanna and Matt Maley of Miller Tabak discuss the state of the market with Brian Sullivan.

  • NEW YORK, Feb 15- Stocks on major world markets climbed on Wednesday and U.S. Fed Chair Janet Yellen on Tuesday, which she repeated to the House of Representatives on Wednesday, that the central bank would probably need to raise rates at one of the upcoming meetings. "She has made it clear that she wants to raise rates," said Neil Massa, senior equity trader at Manulife...

  • Feb 15- Wall Street rose on Wednesday, with the S&P on course for a 7- day winning streak for the first time since September 2013, after President Donald Trump repeated his promise of tax cuts and upbeat economic data increased the odds of a rate hike. Federal Reserve Chair Janet Yellen, in a testimony before the House Financial Services Committee, stood by the...

  • *Financials lift Wall St to another record. NEW YORK, Feb 15- Stocks on major world markets rose further on Wednesday and U.S. "It makes it more interesting, March, for sure," said Brian Rehling, co-head of global fixed income strategy for Wells Fargo Investment Institute in St. Louis.

  • George Soros

    Soros Fund Management took a handful of new positions in financial stocks as the sector was buoyed by Donald Trump's presidential victory.

  • BOSTON, Feb 14- Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Donald Trump's presidential victory. The New York- based firm disclosed a $14.9 million position in Goldman Sachs and...

  • Dick Bove on the event that’s 'a big, big plus' for the banks

    Dick Bove, vice president of equity research at Rafferty Capital Markets, discusses financial industry regulations and bank stocks with Brian Sullivan.

  • An anomaly for gold, stocks and the dollar

    Gold, the S&P 500 and the U.S. dollar are all rising together. Bill Baruch of iiTrader and Kevin Caron of Washington Crossing Advisors discuss with Brian Sullivan.

  • *Yellen says Fed to raise interest rates at an upcoming meeting. *Dollar, Treasury yields, bank stocks gain. Feb 14- Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

  • *Financials power Wall Street to record. NEW YORK, Feb 14- Financial stocks lifted the S&P 500 to a record closing high for a fourth consecutive session on Tuesday and the dollar strengthened as U.S. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at an upcoming meeting, although she expressed caution about...

  • *Yellen says Fed to raise interest rates at an upcoming meeting. Feb 14- Major U.S. stock indexes hit record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple rose as much as 1.25 percent to an all-time high of $134.95, contributing to gains in the S&P 500, Dow Jones...

  • *Financials power Wall Street to record. NEW YORK, Feb 14- Financial stocks propelled Wall Street to a record on Tuesday and the dollar strengthened as U.S. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at an upcoming meeting, although she expressed caution about the considerable economic policy...

  • SAN FRANCISCO, Feb 14- Apple Inc shares hit an intraday record high on Tuesday for the first time almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The stock was up 1.2 percent at $134.90 at midday, beating its previous intraday high of $134.54 set on April 28, 2015. Many on Wall Street also believe that strong...

  • Feb 14- Wall Street reversed course to eke out small gains on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple rose about 1 percent to hit an all-time high of $134.59, helping the three major indexes to hit fresh record highs for the fourth day in a row. President Donald Trump's...

  • *Dollar, Treasury yields, bank stock gain on Yellen. Feb 14- Wall Street edged lower on Tuesday after Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting, but expressed uncertainty over economic policy under the Trump administration. While President Donald Trump's pro-business stance...

  • NEW YORK, Feb 14- A gauge of global equity markets dipped on Tuesday and the dollar strengthened as U.S. Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike. Yellen said in prepared remarks before the U.S. Senate Banking Committee that the central bank will likely need to raise interest rates at an upcoming meeting,...

  • *Yellen to speak in Washington at 10:00 a.m. ET. Yellen starts her testimony before the Senate Banking Committee at 10:00 a.m. ET. "The market is pricing in good times ahead but the question is whether the administration is going to be able to deliver on the promises made," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.