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All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been sensitive to developments from Capitol Hill on the tax bill and any news that is viewed as a step closer to enacting tax cuts tend to buoy market sentiment. The Dow rose 140 points, or 0.6%, to close at 24,648. The S&P 500 climbed 23 points, or 0.9%, to end at 2,675 while the Nasdaq Composite Index gained 80...

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U.S. stock index futures pointed to a strong positive open on Monday, as sentiment was boosted by news that the U.S. Senate narrowly passed a major tax bill over the weekend. Consequently, the news put a smile on investors faces ahead of Monday's open, with the Dow Jones industrial average pointing to higher open, by more than 200 points, at 4:00 a.m. ET. U.S. stocks finished in the red Friday after a report emerged stating that former national security advisor Michael Flynn was directed by Trump to talk to Russians. Shifting to Monday, investors will be poring over news that...

GE had been one of the biggest dividend payers in the United States, behind giants like ExxonMobil (XOM), Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30). By cutting the dividend in half, GE will save more than $4 billion per year. That makes it one of the largest dividend cuts in the history of the S&P 500 and the biggest since 2009, according to S&P Dow Jones Indices. GE made an even bigger dividend cut in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the...

NEW YORK (CNNMoney) -- It's easy to forget that the Trump rally started with palpable fear on Wall Street. Exactly one year ago, Donald Trump's shocking performance on election night sent shudders through global markets. Dow futures crashed by nearly 900 points as investors fretted about Trump's volatility and scary campaign promises on trade and immigration. "It was fear and panic that night," said Wade Balliet, chief investment strategist at Bank of the West. But the market freakout vanished by morning, and stocks started the Trump era on a decidedly optimistic note. "People quickly decided maybe it's not doomsday. Maybe...

My children be not dismayed with the array of things that beset the worldly for you ARE My Kingdom Come and now you shall walk in My attributes as never before. As Enoch now you shall be with Me, as Elisha when you call I shall come for you dressing you fresh in the Mantle of My Resurrection Power to take back the land from the evil one for I AM coming soon for you and NOW is your time to ( (( SHINE )) ) 2 Kings 2:14 Then he took the cloak of Elijah that had fallen from...

The National Rifle Association, in its first statement on the Las Vegas shooting and in a rare break from its traditional opposition to gun-related regulations, called Thursday for a federal review of so-called bump stocks...On Thursday, the NRA called on the ATF to review that assessment...the National Rifle Association is calling on the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) to immediately review whether these devices comply with federal law.”...Even the Senate’s No. 2 Republican, John Cornyn of Texas, opened the door to new restrictions.

David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the Reagan administration's director of the Office of Management and Budget, isn't stepping away from his thesis that the 8½-year-old rally is in serious danger. "There is a correction every seven to eight years, and they tend to be anywhere from 40 to 70 percent," Stockman said recently on CNBC's "Futures Now." "If you have to work for a living, get out of the casino because it's a dangerous place." He's made similar calls, but...

By now, all investors should know the research about the follies of market timing, MarketWatch reports. But similarly, all investors should admit that a quest for outperformance by stock picking and active management will never end — particularly given that 2017 shows more than half of active funds are beating their benchmarks for the first time since before the Great Recession. So it’s worth noting that a host of big-name billionaire investors are pretty concerned about current market conditions. Yes, there are tremendous benefits to passive, low-risk, long-term investing strategies. And obviously, some of the “best” investors on Wall Street...

Stock futures were mixed on Friday, Aug. 4, after a reading on the U.S. labor market showed higher job additions in July but in-line wage growth. Dow Jones Industrial Average futures were up 0.22%, S&P 500 futures rose 0.11%, and Nasdaq futures gained 0.13%. The U.S. economy added more jobs than anticipated in July. Nonfarm payrolls rose by 209,000 last month, according to the Labor Department, above consensus of 180,000. The June jobs number was revised to 231,000 from 222,000, though the May figure was cut to 145,000 from 152,000. The unemployment rate decreased by 10 basis points to 4.3%,...

* The DOW daily closing stock market average has risen 17% since the election on November 8th. (On November 9th the DOW closed at 18,332 – yesterday DOW closed at 21,528 for another all time record closing high). * Since the Inauguration on January 20th the DOW is up 9%. (It was at 19,827 at January 20th.) * The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st. * The DOW closed...

<p>Jeffrey Immelt is stepping down as chairman and chief executive of General Electric Co., bringing to an end a tumultuous 16-year tenure in which he dramatically reshaped the manufacturing powerhouse but failed to win over Wall Street.</p> <p>Amid mounting pressure from activist investor Trian Fund Management, GE said Monday that Immelt will be replaced by John Flannery, a 30-year company veteran who oversaw a jump in profits at the health-care unit. In a sign of just how great opposition to Immelt had become in the investing community, the stock soared the most in more than a year and a half after the announcement was made.</p>

N.M. FBI Agents Face Extortion Charges 2 Agents Allegedly Provided Confidential Information On Companies Posted: 11:26 a.m. MDT May 22, 2002 Updated: 7:50 p.m. MDT May 22, 2002 ALBUQUERQUE, N.M. -- Two New Mexico FBI agents have been implicated in a nationwide securities fraud scheme. The charges are contained in a grand jury indictment handed down in New York, alleging New Mexico FBI agents fed confidential information to a convicted felon in exchange for cash. Special agent Lynn Wingate, 39, is assigned to the FBI's Albuquerque office. She's charged with racketeering, securities fraud and obstruction of justice. Jeffrey Royer,...

What is the biggest bubble of our day? In today’s Big Picture podcast, Jim Puplava explains how stock prices are being driven to record valuations as investors herd into index ETFs. This is a self-feeding frenzy, he states, where fundamental analysis doesn’t apply. Next, he discusses “Oil: The Coming Age of Volatility,” looking at the recent drop and why we are moving into an era of boom and bust. MP3 Audio Link Here

California's $54 billion plan to fix roads and fund highway improvements cleared a major hurdle late Thursday, passing in the state legislature and setting the stage for what could become a massive spending spree. Positive comments last week from analysts about the state transportation plan sent shares of several construction-related companies sharply higher. Some of them continued to trend higher this week and with passage in both houses of the legislature it's possible they could rally Friday. Analysts have suggested beneficiaries of the state spending could include Summit Materials, a construction materials producer, and AECOM, an engineering firm. Summit's stock...

BlackRock's move this week to replace dozens of fund managers and analysts with robotic stock-selection tools reflects a powerful and somewhat puzzling feature of today's market: No one does stock picking anymore, it's too crowded. Yogi Berra's paradoxical quip about an unfashionably congested restaurant applies to the traditional Wall Street pursuit of selecting the best stocks. And even the world's largest asset manager, with $5 trillion under its control, is not insulated from the pressure. Wall Street firms caught in the middle of these movements have been generating pointed research on these trends for institutional clients, as both the "sell...

PEORIA — Federal officials executed a search warrant at three Caterpillar, Inc. facilities in the Tri-County Area — including the corporate headquarters — Thursday morning. Company officials confirmed the presence in a statement without specifying which agency was performing the search or what the search was in regard to. A spokeswoman declined by email to provide further details. "Caterpillar is cooperating," the brief statement said. The spokeswoman for the U.S. Attorney for the Central District of Illinois confirmed that facilities in three communities were the subject of the activity — Peoria, East Peoria and Morton. At the Downtown Caterpillar global...

Investors reacted positively from President Donald Trump’s Tuesday night address to Congress, pushing the Dow Jones industrial average above 21,000 points Wednesday for the first time in its history. Banks, financial institutions, companies in the energy and materials sector saw huge gains as Trump reaffirmed during his speech his plans to cut taxes and push for other business-friendly policies. The Dow jumped 242 points, or 1.2 percent, to 21,055 as of 10:07 a.m. Eastern Time. The Standard & Poor’s 500 index gained 24 points, or 1 percent, to 2,387. The Nasdaq composite index added 59 points, or 1 percent, to...

In July of 2015, Macy’s announced they would be cutting ties with then Presidential candidate, Donald Trump over his comments about Mexican immigration. At the time their stock price was trading at apprx $72.00 per share. Today, Macy’s stock is worth $32.58 per share. (Screenshot from Google) GotNews reports: Macy’s stock was trading at a recent high of $72.31 per share in July 2015, shortly after announcing that it was dropping Trump on July 1, 2015. Today, that stock was worth just $32.90 per share — a massive 54% collapse. As a few big name brands have droppedPresident Donald J....

U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington, U.S. February 3, 2017. The following is the text of the executive order signed by President Donald Trump, that is meant to be a first step toward limiting the power of the Dodd-Frank bank reform law. “By the power vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Home Economy & Politics Text of Trump’s order on financial regulation...