Stock News

Equities End Down on Broadcom Guidance Cut

Equities End Down on Broadcom Guidance Cut

Stocks ended down Friday, weighed down by chipmaker Broadcom’s (AVGO) $2 billion sales-guidance cut on weakening demand and the impending US government ban on American companies doing business with China’s Huawei Technologies. “We currently see a broad-based slowdown in the demand environment, which we believe is driven by continued geopolitical uncertainties, as well as the effects of export restrictions on […]

Health Care Stocks Keeping Pace With Broader Market Advance

Health Care Stocks Keeping Pace With Broader Market Advance

Top Health Care Stocks JNJ +1.67% PFE +0.73% ABT +2.2% MRK +1.2% AMGN -1.2% Health care stocks were rising, including a 1.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up 1.7% as a group. The Nasdaq Biotechnology index was climbing 1.7%. Among health care stocks moving on news: […]

Big Lots Shares Jump After Guidance Lift, Stronger-Than-Expected Quarterly Earnings Report

Big Lots Shares Jump After Guidance Lift, Stronger-Than-Expected Quarterly Earnings Report

Big Lots (BIG) shares jumped 5.5% on Friday as the retailer lifted its full-year guidance and its first-quarter earnings sailed past expectations. The Columbus, Ohio-based company said it expects fiscal 2019 adjusted income between $3.70 and $3.85 per diluted share, up from its previous outlook of $3.55 to $3.75. It also affirmed its guidance for low single-digit growth in comparable-store […]

PdvWireless Submits Comments on Proposed 900 MHz Band Realignment

PdvWireless Submits Comments on Proposed 900 MHz Band Realignment

PdvWireless (PDVW) Friday commended the Federal Communications Commission’s (FCC) proposed 900 MHz band realignment, but said it supports a “success threshold” in addressing potential holdouts, wants consideration in the eligibility criteria for a BB license, and recommends unique licensing authority for the Association of American Railroads (AAR), which “occupies a unique position in the 900 MHz Band.” The commission adopted […]

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer confidence rose in May from April, but fell from its mid-month reading two weeks ago, the University of Michigan said Friday. The Surveys of Consumers’ index of consumer sentiment came in at a reading of 100 for May, up from 97.2 in April, the university said in its report. That was below the 102.4 print reported on May 17, […]

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

The broad-based major European indices closed lower in Friday trading, as investors were rattled by US President Donald Trump’s threat to impose new tariffs on Mexico, which he said wouldn’t be lifted until Mexico stops illegal immigration into the US. In economic news, Germany’s Federal Statistical Office (Destatis) reported that the price-adjusted turnover of the retail enterprises in the country […]