BlackBerry Ltd (NYSE: BB) released its latest earnings report before opening bell this morning. BlackBerry FQ3 2018 earnings amounted to 3 cents per share on a non-GAAP basis. Total revenue came in at $235 million on a non-GAAP basis and $226 million on a GAAP basis. Analysts had been expecting the company to break even on $212.2…
The Republican Party enjoys a majority in both the Senate and the House of Congress and so, theoretically, has a free-hand to pass whatever legislation it wishes. This situation has finally allowed passage of one of President Trump’s flagship policies, a major tax upheaval. Critics of the tax reforms claim that it represents a major…
The automotive industry is currently undergoing radical transformation. Strict emission standards and the proposals made by a few Asian and European countries to prohibit internal combustion engines driven by fossil fuels, has prompted a number of traditional automakers across the globe to gear up for electric vehicles (EVs). The present market share of EVs…
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.33%) this morning are up +0.30% after the U.S. Senate passed tax reform legislation by a 51-48 vote early this morning. The tax bill now goes back to the House for a second vote in a procedural move before it goes to President Trump to be signed into law….
from the St Louis Fed — this post authored by Julie Stackhouse, Executive Vice President Not so very long ago, at the height of the financial crisis, a fall 2008 headline asked, “Why is Everyone Becoming a Bank Holding Company?”[ 1] Not 10 years later, a few mid-sized banking organizations appear to be going the other…
Crude oil targeting the trendline resistance again. Source: INVESTING.com
Positive momentum continues to drive the US economy forward, keeping recession risk low and providing upbeat estimates for the near-term outlook. With the White House poised to sign tax-cut legislation this week, the macro trend looks set to receive fresh stimulus to keep economic growth bubbling. The probability of recession in the near term, as a result,…
Dow futures are up some 80 points this morning after early on Wednesday morning the Senate passed the Tax Reform bill in a party-line vote, and is now set to become law after a follow-up vote in the House and Trump’s signature sometime on Wednesday afternoon. The good news is that the biggest political drama…
Funds to sustain Canadian consumer spending over the past several years, have come largely from credit–not income or savings. Thus, consumer debt has driven nearly all of the economy’s growth since 2014 and caused many observers to quite rationally ask, when will Canada hit the end of this debt binge? (Debt to GDP shown here…
Credit Suisse analyst Alethia Young upgraded Biogen (BIIB) to Outperform from Neutral and raised her price target for the shares to $385 from $321. The stock closed yesterday up $1.07 to $327.02. The analyst this morning also downgraded Gilead Sciences (GILD) to Neutral from Outperform. A “significant turnaround” is underway for Biogen’s business, Young tells…
