US stocks log 3rd straight advance as Yellen euphoria lingers
Getty Images Markets Stream gives you a single place to follow live updates of markets moves and commentary, plus relevant insight from the web and social media. Here’s how it works.>> view originalChipotle files for "Better Burger" trademark with burger restaurant plans
This Monday, Feb. 8, 2016, photo shows a sign on the window at a Chipotle Mexican Grill in Brandon, Fla.(Photo: Chris O'Meara, AP)Chipotle Mexican Grill said Wednesday it has applied for a trademark for "Better Burger" as part of a business diversification move to open a burger restaurant chain."We have two non-Chipotle growth seeds open now ― ShopHouse and Pizzeria Locale ― and have noted before that the Chipotle model could be applied to a wide variety of foods," said Chris Arnold, a Chipotle ..>> view originalHedging Tesla As Social Media Turns Negative Ahead Of Model 3 Debut
When analysts who are perennially bearish on a stock release a bearish note on it, bulls can be forgiven for taking it with a grain of salt. That's not the case with social data aggregator LikeFolio and Tesla Motors (NASDAQ:TSLA). When shares of Tesla were near their low for the year in February, LikeFolio put out a bullish call on the stock ("Tesla and Elon Musk are ready to win big"). Last week, though, LikeFolio turned bearish on Tesla, based on its reading of social data, as the chart belo..>> view originalPrivate Sector Adds 200000 Jobs, ADP Says
WASHINGTON — Private companies in the United States added 200,000 jobs in March, buoyed by strong gains in construction, retail and shipping, the payroll processor ADP said on Wednesday. Financial services firms also posted solid gains, but manufacturing employment barely rose.The figures point to an economy that is continuing to generate steady hiring, despite worries that growth slowed in the first three months of the year, held back by weak overseas economies and cautious consumers.The ADP r..>> view originalOil Closes Near $38 After Dollar Loss Eases, U.S. Supply Rises
Oil closed near $38 a barrel in New York as the dollar’s loss eased, reducing the appeal of crude as a store of value.Futures retreated from the day’s highs along with the Standard & Poor’s 500 Index. A stronger dollar curbs investor demand for commodities. Prices surged as much as 4.1 percent after a government report showed U.S. refineries processed the most crude since January. American crude supplies rose, keeping stockpiles at the highest level since 1930."Inventories are at historic highs..>> view originalMetLife and the Dodd-Frank Backlash
Judge Rosemary Collyer did more than hand MetLife Inc. a victory in its battle to fend off stricter federal oversight. Her decision on Wednesday helps strengthen a mounting backlash to the regime of post-financial-crisis regulations, emboldening critics who say the rules are doing more harm than good. This isn’t the first setback for the Obama-era financial overhaul, but, if sustained through a likely appeal, it might be the...>> view originalAffordable Care Act gave insurers a sicker, more costly patient population
Health insurers gained a sicker, more expensive patient population after the Affordable Care Act expanded coverage in 2014, according to an early look at medical claims from the Blue Cross Blue Shield Association, which represents the most common brand of insurance.Newer customers had higher rates of diabetes, depression and high blood pressure, among other conditions, the association said in a report released Wednesday. They also visited the emergency room much more frequently than people who ..>> view originalBoeing will cut 4000 jobs from commercial airplane group
Boeing Co.'s plan to cut 4,000 jobs from its commercial-airplane division, the company's largest, accelerates an effort to reap billions of dollars in savings to compete with Airbus Group SE while reducing costs on the 787 Dreamliner. The Seattle Times reported the latest job cuts Tuesday and said more cuts may be coming -- as many as 8,000 altogether. Boeing has 1,800 employees in Gresham, where it makes airplane parts for assembly at factories in the Puget Sound area. Pink slips aren't flyin..>> view originalStocks rise again, led by banks and tech companies
U.S. stocks rose Wednesday as technology companies traded higher for the second day in a row and consumer companies gained steam as cruise lines rose. The beleaguered financial sector recovered some of its losses from earlier this year.Stocks started the day sharply higher, following a jump in European markets, although they returned some of those gains as the day wore on. Oil prices followed the same pattern and finished a few cents higher. Cruise lines rose after Carnival posted strong first-..>> view originalBlackRock Plans to Cut About 400 Jobs in Coming Weeks
BlackRock Inc. plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.The reductions, equal to about 3 percent of the firm’s 13,000 employees, will be announced in the coming weeks, said the people, who asked not to be identified because they weren’t authorized to speak. Despite the cuts, the firm will continue to invest and hire in key areas and expects to end the year with a higher ..>> view original
Wednesday, March 30, 2016
US stocks log 3rd straight advance as Yellen euphoria lingers and other top stories.
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