New York State Teachers’ Retirement System sold all the PG&E stock it owned in the fourth quarter, a period that saw the stock cut in half.
The Fed didn’t hike rates, and signaled it could stop shrinking its balance sheet if necessary, all while expressing confidence in the economy.
If tech and retail giant Amazon wants to become a shipping giant, too, buying FedEx could be a cost-effective way to do so, says Loop Capital Markets analyst Anthony Chukumba.
Updated terms for the General Electric and Wabtec deal mark a ‘couple of steps backward’ for GE shareholders, JPMorgan warns.
Four companies have joined the S&P 500 Dividend Aristocrats, joining household names such as Coca-Cola and Procter & Gamble in the ranks of group of firms that have increased payouts for 25 straight years.
Shares of the utility, which has said it was preparing to file for bankruptcy at the end of January, are trading back in the double digits.
Existing home sales were down 10% year-over-year, the steepest decline since 2011. The six-month sale trends look even worse.