Business

Nasdaq reaches record heights as Google parent Alphabet leaps 5%

U.S. stocks opened higher on Tuesday as a deluge of mostly positive earnings underpinned markets. A rally in global equities, which started in Asia also aided sentiment. The S&P 500 rose 50 points, or 0.5%, to 2,822, with the tech sector leading the gains following blowout earnings results by Google‘s parent Alphabet Inc. The Dow Jones Industrial Average opened 102 […]

Trump plans emergency aid for farmers harmed in trade dispute

President Donald Trump pauses during remarks at the American Farm Bureau Federation convention in Nashville in January. The Trump administration on Tuesday will announce a plan to extend some $12 billion in emergency aid to farmers amid growing concerns that the U.S. agricultural sector could suffer from President Donald Trump’s escalating trade disputes with allies, a person familiar with the […]

Ivanka Trump brand is being shut down

Ivanka Trump, President Donald Trump’s daughter, is closing her namesake fashion brand, more than a year after she formally separated herself from the company and entered the White House as a senior adviser. Apparel sales at the brand, which Trump launched in its current form in 2014, soared in the year of the 2016 presidential election. But the company also […]

Best day in more than a month for European stocks

European stocks closed higher Tuesday, as gains for UBS Group AG and others helped the market to enjoy its best daily climb since late June. Equities held to higher ground after preliminary manufacturing activity data for the eurozone in July came in above expectations. How markets are moving The Stoxx Europe 600 index  added 0.9% to reach 388.18, topped by […]

MoviePass parent Helios and Matheson plans 1-for-250 reverse stock split

MoviePass parent Helios and Matheson Analytics Inc. will be implementing a 1-for-250 reverse stock split at market close on Tuesday, the company announced. "We believe this is an important step that will facilitate our access to capital over the next several years and enable us to implement our growth plans for MoviePass, MoviePass Films and MoviePass Ventures," said Ted Farnsworth, […]

Fastest-growing U.S. states: Almost all are west of the Mississippi

The economy may have hit a soft patch in the first three months of 2018, but Washington and a handful of other far Western states skidded around the obstacles to growth. Washington posted the best performance among the 50 U.S. states in the first quarter, the federal . Gross domestic product, the official yardstick for the economy, expanded at a […]

Wells Fargo upping dividend by 10%

Wells Fargo & Co. said Tuesday it is raising its quarterly dividend by 10% to 43 cents a share. The new payment will be made Sept.1 to shareholders of record as of Aug. 10. Shares were slightly higher Tuesday, but have fallen 4.1% in 2018, while the S&P 500 has gained 5.2%.