Category: Markets

Wall Street eyes host of Fed speakers

U.S. stock index futures pointed to a lower open on Friday morning as traders eyed a host of Fed speakers. On Thursday, Fed Chair Janet Yellen gave testimony before the Joint Economic Committee of...

Snapchat Parent Starts IPO Process

Snap Inc. has confidentially filed paperwork for an initial public offering that may value the popular messaging platform at as much as $25 billion, a major step toward what would be one of the...

Stocks are losing a big edge over bonds

Big dividends have made some stocks attractive to investors for years. But the rally in Treasury yields is starting to take away the large and lucrative edge of some equities. A quarter of the stocks...

Cisco’s growth grinds to a halt

Cisco Systems, Inc. (NASDAQ:CSCO) is starting to decelerate, and the timing couldn’t be worse. Investors are already jittery about tech stocks because of the election of Donald Trump, and Cisco stock is feeling the...

2 drugs are costing taxpayers $8 billion a year

The federal health care programs for seniors and low-income Americans spent more than $8 billion last year on a single drug to treat victims of the potentially lethal Hepatitis-C virus, according to new government...