AOC is Right on Stock Buybacks, But For All the Wrong Reasons

Last week, Alexandria Ocasio–Cortez made several misleading statements regarding stock buybacks in Congress, as part of her push to ban such buybacks. Rep. Alexandria Ocasio-Cortez (@RepAOC/@AOC) and @P4AD President David Mitchell on stock buybacks: 🎥 https://t.co/66n2jaBY2Z pic.twitter.com/XmVaIMAKkO — CSPAN (@cspan) July 26, 2019 That being said, AOC did make a good point regarding stock buybacks …

Stock Market Reverses Gains After Trump Slams Fed

The Dow Jones and other bellwether stock market indices pared gains on Friday after President Trump slammed the Federal Reserve in a classic morning tweetstorm. Trump Bashes Federal Reserve Trump continued his long streak of Fed-bashing by laying into the central bank for raising interest rates in 2018 amid the stock market’s precipitous downturn. “Had …

Dow Claws Higher, But Will These Trump Tweets Threaten Trade Deal?

The Dow attempted to claw to a new record high on Monday as a resilient US stock market brushed off two potential escalations to lingering risks from the US-China trade war. Dow Eyes 5-Day Winning Streak All of Wall Street’s major indices traded slightly higher during the morning session. Shortly after the opening bell, the …

Bullish S&P 500 Index Signals Likely Trump 2020 Victory

Up almost 50 percent since his election and recently hitting fresh all-time highs, the S&P 500 index could be signaling expectations Trump may be reelected. Stock Market Suggests Investor Confidence The economy under Trump has shown few signs of slowing down. The economy gained 224,000 jobs in June, according to a monthly employment report released …

Privacy Scandals Led to Facebook’s S&P 500 ESG Ouster

S&P Dow Jones revealed the embarrassing reason it booted Facebook stock from the S&P 500 ESG Index. Facebook’s cornucopia of privacy scandals caused its ESG score to plunge to alarming levels. The same day that Dow Jones kicked FB out of the index, Mark Zuckerberg pledged to make Facebook a champion of privacy rights. By …

Boeing Stock Drags DJIA Lower as FAA Punts on 737 MAX Timetable

By CCN Markets: The breakneck Dow Jones (DJIA) rally looks to be faltering. Spearheading the decline was Boeing stock (NYSE: BA), which struggled after an FAA official said there was no timeline for the 737 MAX to return to service. Heading into mid-afternoon, Boeing stock had lost 0.9% to trade at $346.18. Earlier, BA shares had dipped …