Category Archives: Stocks

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Dow climbs 253 points as stocks rise for 4th straight day

Stocks rose for the fourth day in a row. The Dow climbed 253 points Wednesday, and it’s back in positive territory for the year. Investors shrugged off warning signs about inflation. The Labor Department reported consumer prices rose 2.1% over

US stock futures fall on the government shutdown

Stock futures fell on Sunday as the U.S. government remained shut down. Dow Jones industrial average futures declined 32 points and briefly fell as much as 101 points. S&P 500 and Nasdaq 100 futures drop 3 points and 5 points,

Wall Street ends higher despite government shutdown threat

NEW YORK  – Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading

HSBC to pay $100 million to settle currency rigging investigation

HSBC holdingson Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment includes a $63.1 million fine plus

Glencore Completes Turnaround as Profit Soars on Trading

Glencore Plc signaled the end of a business turnaround with annual profit rising 48 percent on higher commodity prices and strong trading results. The commodity trader and miner headed by billionaire Ivan Glasenberg reported earnings that topped analysts estimates and

Bayer Hints at Delay on Monsanto as Regulators Seek Details

Bayer AG signaled that its $66 billion takeover of Monsanto Co. may face delays, with regulators pressing for more information, even as it reiterated plans to complete the transaction by the end of the year. The German drugmaker will only

Macy’s Tops Earnings Estimates as Company Shrinks Footprint

Macy’s Inc. posted fourth-quarter earnings that beat analysts’ estimates as the company closes stores and cuts costs in a bid to cope with an industrywide slump. Profit was $2.02 a share, excluding some items, the Cincinnati-based company said on Tuesday.

Kraft withdraws offer to merge with Unilever

US food company Kraft Heinz  withdrew its proposal for a $US143 billion ($186 billion) merger with larger rival Unilever, the companies said on Sunday (US time), raising questions about whether Kraft could turn its focus to another target. Kraft had

This stock is up 200%, but chart points to more gains

Commodities are on a tear this year, and one technician thinks there’s more room to run for one mining giant. Freeport-McMoran has rallied nearly 22 percent this year as gold, silverand copper have climbed a respective 6, 12 and 11