Category: Stock Market

© Reuters. A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah (Reuters) – Five U.S. states have filed lawsuits accusing Purdue Pharma LP and its former president Richard Sackler of misconduct in the marketing and sale of opioids, contributing to a nationwide epidemic, Wisconsin Attorney General Josh Kaul said on Thursday. Iowa, Kansas, Maryland, West Virginia and Wisconsin filed separate lawsuits against the company related to opioids, Kaul said. Disclaimer: Fusion Media would like to remind you that the data contained in this…

© Reuters. U.S. President Trump speaks to workers as he visits Cameron LNG Export Facility in Hackberry, Louisiana WASHINGTON (Reuters) – U.S. President Donald Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months, three administration officials told Reuters. A formal announcement is expected by Saturday, the officials added. The administration has drafted language to formally delay a decision on the tariffs that is due by May 18. Reuters reported last week that automakers expected Trump to delay the decision as…

You’ve probably heard the term ‘IPO’ thrown around a lot lately. The 2019 financial news cycle is dominated by IPO announcements from major startups like Uber and Lyft. But what is an IPO? And what does it mean for a trader like you? If you don’t know what an IPO is or why it’s such a significant event, now’s the perfect time to get on top of it. We’re seeing some crazy IPO action this year! So don’t delay — educate yourself. Let’s take a look at what IPOs are…

© Reuters. FILE PHOTO: The Polo Ralph Lauren logo is seen on their boutique on Rodeo Drive in Beverly Hills (Reuters) – Luxury apparel maker Ralph Lauren Corp (NYSE:) beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors. Same-store sales in North America recorded its sixth quarter of decline in the last two years, falling 4% in the fourth quarter ended March 30. Under Chief Executive Officer Patrice Louvet, the company has…

© Reuters. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo By Andrew Galbraith SHANGHAI (Reuters) – Asian shares deepened losses on Tuesday amid a fresh deterioration in the Sino-U.S. tariff war, although comments from U.S. President Donald Trump that he expected trade negotiations to be successful helped stabilize sentiment. China on Monday announced it would impose higher tariffs on $60 billion of U.S. goods following Washington’s decision last week to hike its own…