President Donald Trump on Monday blamed Saudi Arabia and Russia’s dispute over oil prices, plus what he called “fake news,” for steep stock-market losses, as he was set to be briefed on policy options for responding to the coronavirus. The main U.S. stock indexes DJIA, -4.82% SPX, -4.75% COMP, -4.36% …
Read More »Earnings Results: HPE shares drop on revenue miss, warning it no longer expects revenue to grow in fiscal 2020
Hewlett Packard Enterprise Co. shares fell more than 6% in after-hours trading Tuesday after the technology giant reported first-quarter revenue that did not meet Wall Street estimates and warned it no longer expects revenue to grow in fiscal 2020. In a phone interview shortly after the results were released, HPE …
Read More »NewsWatch: ‘Godfather’ of technical analysis says stock-market downturn is going to get worse: ‘I am looking at a 10% drop maybe a little bit more’
MARKETWATCH FRONT PAGE It is going to get worse before it gets better for the stock market, says prominent technical analyst Ralph Acampora. See full story. ‘My daughter has been chiding me for frivolously spending her inheritance. Now she won’t speak to me’ ‘My financial adviser assures me that if …
Read More »Markets react to spread of coronavirus, mortgage rates drop
Reading Time: 2 minutes The coronavirus has officially made its mark in the United States with the Centers for Disease Control reporting its first case of human-to-human transmission. So what does that have to do with your mortgage rates? That news from the CDC caused the Dow to drop by …
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