Wall Street is getting very bullish as stocks hit records. Here's why that's worrisome
Analysts and investors have grown extremely bullish following record highs for stocks, but this much optimism can be a bad sign.
Analysts and investors have grown extremely bullish following record highs for stocks, but this much optimism can be a bad sign.
Vivendi could reduce its holding in Italian broadcaster Mediaset in a potential deal to end a long-running legal row between the two companies, three sources close to the matter said on Friday.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
Wall Street's main indexes hit record highs at open as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood.
How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China's factory output growth slowing in October and Japan's economy grinding to a standstill in Q3. And Germany only narrowly avoided a recession in that period.
Volkswagen on Friday said former BMW executive Markus Duesmann, an expert in procurement and engine development, will take over as Volkswagen Group's board member responsible for research and as head of Audi.
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Here are the biggest calls on Wall Street on Friday
Oil prices fluctuated around flat on Friday as investors weighed concerns about rising supplies next year and signs of progress toward ending the U.S.-Chinese trade row.
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Wall Street's main indexes hit fresh record highs on Friday, led by gains in technology stocks as upbeat comments related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline's chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday.
Volkswagen Chief Executive Herbert Diess on Friday said the German carmaker has no plans to cooperate with start-up electric carmaker Tesla .
Asset managers including T. Rowe Price, Natixis and Fidelity have won the preliminary regulatory approval to launch non-transparent ETFs.