StockMarketNews.Today – The Dow Jones Industrial Average and S&P 500 were on track to make a run at fresh records Wednesday as investors weighed upbeat comments on the U.S. economy from central-bank officials and looked ahead to Friday’s jobs report.
StockMarketNews.Today – According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”
Tencent Music revealed sharp growth in its Tuesday filing, with revenue more than doubling in 2017 to $1.66 billion. About 70% of revenue came from its social entertainment services, including online karaoke, live streaming and sales of merchandise. It posted a profit of $199 million in 2017, up from roughly $2 million a year earlier.
StockMarketNews.Today – PepsiCo’s North American beverages segment rose 2% for the quarter, reversing a slump since the third quarter of 2017.
StockMarketNews.Today – Stock investors are welcoming money-losing companies into the public markets this year with open arms.
StockMarketNews.Today – U.S. futures and the Canadian dollar pushed higher at the start of the final quarter after the U.S. and Canada reached a last-minute deal late Sunday night to revise the North American Free Trade Agreement.
StockMarketNews.Today – A new smaller offering would make Boeing more competitive and better positioned in the long run, says Morgan Stanley.