Investors like FedEx’s (FDX) earnings. A lot. So much so that they’ve pushed its shares up 10.83% to $159.90 at 1:38 p.m. And if FedEx holds onto that gain it would be its biggest one-day move since Sept. 19, 2002, when it climbed 11.59%.
Christopher Dilts/Bloomberg News
Why the response? RBC’s John Barnes and team write that there’s “no weakness....More>>>
Energy investors are making a big mistake… They're "bottom fishing" in the major oil and gas stocks… trying to catch the bottom. This, of course, is a bad idea. Energy stocks have been crashing this year. But expectations are still high. History tells us this kind of bottom fishing won't end well. The smart move is to wait for a better entry point....More>>>
At least 1,800 workers will leave Boeing through voluntary buyouts as the company moves ahead with job cuts announced in December.
The International Association of Machinists, which represents factory workers in Washington State, said 1,500 of its members will take buyouts. The Society of Professional Engineering Employees in Aerospace, which represents engineers and aircraft inspectors,....More>>>
President-elect Donald Trump met with the top editors at Vanity Fair, The New Yorker and other Cond茅 Nast magazines on Friday for a wide-ranging discussion on policy matters.
The meeting, which was organized by Vogue editor Anna Wintour, a Hillary Clinton supporter, marked a rare and perhaps fleeting truce between the incoming president and some of his most outspoken critics.
Three of the major banks are reporting their fourth-quarter financial results before the markets open on Friday. In general, financial stocks have made solid gains through the end of 2016, with a tremendous tailwind from the Trump rally. Considering a recent rate hike from the Federal Reserve, with potentially more to come, this sector could just be getting started. But for now we can see if this....More>>>