Shares of Bank of America Corp. BAC, -0.70% 0.71% to $ 26.73 slipped Wednesday over what proved to be a very positive session for the stock, with the S&P 500 Index SPX, + 1.40% rising 1.40% to 3,380.35 and the Dow Jones Industrial Average DJIA, + 1.04% increasing 1.05% to …
Read More »Warren Buffett said this metric signaled the 2001 crash – now sounding the alarm on global markets
MARKETWATCH FRONT PAGE A sell signal flashes on Buffett’s favorite indicator. See full story. Kamala Harris is the running mate of Biden – here’s what she means (and does not want) for financial markets Presumptive Democratic presidential nominee Joe Biden announced Tuesday that he has selected senior Kamala Harris in …
Read More »Phillips 66 to stop producing crude oil fuel at San Francisco area refinery, will move production to sustainable fuels
Phillips 66 PSX, + 0.46% said Wednesday that it will stop producing crude oil fuel at its San Francisco Refinery in Rodeo, California, and that it will reconfigure the refinery to produce sustainable fuels. It will start with making fuels from used cooking oil, fat, fats and soybean oil. The …
Read More »Cisco shares double 6% on revenue spoon, revenue decline; CFO to retire
Cisco Systems Inc. reported financial results that were largely in line with the Wall Street estimate, but another revenue decline and accompanying soft income battled the stock in trading after hours Wednesday. The company also announced the retirement of longtime Chief Financial Officer Kelly Kramer, once a successor is found. …
Read More »Vaping makes teens up to 7 times more likely to catch COVID-19: study
Here is another cloud on the horizon for e-cigarette companies. A new Stanford study links vaping to a “substantially increased risk” of COVID-19 in teens and young adults. The nationwide sample of more than 4,000 participants conducted in May found that people who were armed were five to seven times …
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