While you were sleeping: Apple slumps on iPhone X concern
By Margreet Dietz Dec. 27 (BusinessDesk) - Wall Street moved lower as a decline in Apple shares weighed on sentiment, while oil gained on reports of a pipeline explosion in Libya. In 11.13am trading in New York, the Dow Jones Industrial Average inched 0.03 percent weaker,...
While you were sleeping: Financial, energy shares gain
By Margreet Dietz Dec. 22 (BusinessDesk) - Wall Street climbed, bolstered by gains in bank and energy stocks, on optimism corporate tax cuts will lift profits and underpin economic growth. A Commerce Department report showed US gross domestic product grew at a 3.2 percent a...
While you were sleeping: Tax bill passes Congress, FedEx rallies
By Margreet Dietz Dec. 21 (BusinessDesk) - Wall Street moved higher after the Republican tax reform bill passed Congress and is set to deliver corporate tax cuts that will bolster profits including for FedEx. Shares of FedEx rallied, up 3.6 percent as of 1.29pm in New York...
While you were sleeping: Wall St pauses amid tax bill vote
By Margreet Dietz Dec. 20 (BusinessDesk) - Wall Street fell from record highs as investors eyed whether the Republican tax bill, set to cut corporate tax rates, will clear enough votes in the House and the Senate to land on US President Donald Trump’s desk. “The market rea...
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