Last week there was a lot of stock market excitement regarding WalMart. After a “favorable” earnings report analysts turned bullish and the stock jumped 4% in one day, WMT’s biggest rally in over a year, making it a big short-term winner. But the leadership signals indicate WalMart is probably not the best place to put your money.
WORLD FINANCE UPDATE: WASHINGTON — US factory activity surged to a 13-year high in September amid strong gains in new orders and raw material prices. LONDON — Britain’s Monarch Airlines has collapsed, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound. WASHINGTON — The US Supreme
The Trump administration on Wednesday proposed the most sweeping changes to the federal tax code in decades, outlining a framework that would cut individual and corporate taxes, eliminate widely used exemptions and deductions and tilt the United States closer to the type of tax system embraced by other industrialized nations. But the framework leaves many
The auto industry is going electric. Is aviation next? Major European carrier EasyJet announced Wednesday that it is teaming up with U.S. startup Wright Electric to build an all-electric airliner. The aircraft they have in mind would handle short routes of 335 miles or less — think New York to Boston or London to Paris.
Nike Inc’s (NKE.N) fight to claw back market share in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after the sportswear giant reported its weakest quarterly sales growth in nearly seven years. At least nine brokerages cut their price targets on the stock after