“ “When interest rates are zero or close to zero, then gold is an attractive medium because you don’t have to worry about not getting interest on your gold and you see that the price of gold will increase as uncertainty increases in the markets.” . “ – Mark Mobius …
Read More »Intel, AMD, Micron: Tech Stock Midday Movers
Stock indices fell on Friday, July 24 amid mounting tensions between the United States and China. Here are some of the main tech engines in the S&P 500 as of noon: Intel Intel (INTC) – Get report Shares plummeted 14.87% to $ 51.42 after its second-quarter earnings release. The chip …
Read More »I’m not selling my Verizon, at least not yet
When is bad good? When bad is better than expected. Is when. Verizon Communications (VZ) reported the company’s fiscal performance in the second quarter on Friday morning. Verizon puts a adjusted EPS of $ 1.18 on the ribbon, which exceeded the consensus view. The firm also produced revenue of $ …
Read More »Honeywell Beats Second Quarter Earnings Forecast, Falling Aerospace Sales
Honeywell Inc. (HONO) – Get report It posted stronger-than-expected earnings in the second quarter on Friday, but noted a significant drop in aerospace sales related to Boeing’s 737 MAX delays and weak demand for commercial aircraft. Honeywell said adjusted earnings for the three months ending June were set at $ …
Read More »Goldman Sachs agrees to a $ 3.9 billion 1MDB deal with Malaysia
The Malaysian government agreed to suspend all criminal and regulatory proceedings in Malaysia involving the company, including pending proceedings against subsidiaries of Goldman Sachs (GS) and certain current and former directors, Goldman Sachs said in a statement. The Wall Street bank will pay the Malaysian government $ 2.5 billion and …
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