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Investors are hiding out in cash: Assets in money market funds surge past $3 trillionMoney fund assets but tracked above $3 trillion in mid-December, coinciding with a late-2018 market downturn that resulted in the S&P 500 posting a 6.2 percent drop for the year. Pumping oil back into the well is a good sign for the future.
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Salesforce jumps 5% after delivering 'beat and raise' despite rocky few months on the marketSALESFORCE EARNINGS: •Revenue: $3.39B ($3.37B expected) •EPS (adjusted): $0.61 ($0.50 expected) •Q4 revenue guidance (GAAP): $3.551B - $3.561B •Q4 EPS guidance (adjusted): $0.54 to $0.55 •Revenue guidance for FY 2019 (GAAP): $13.23B - $13.24B
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IBM CEO Rometty buys $3 million in company stockThe stock purchases come just one week after IBM announced a $34 billion proposed acquisition of Red Hat. This must be against the law? Or as we know in 2008 there are no laws for the rich only the middle class if there is one anymore! You mean Red Hat stock. (That is what IBM has become) Isn’t that kinda like insider trading?
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DowDuPont's stock jumps after earnings beat, new $3 billion stock buyback program
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Analysis | The Finance 202: Uber illustrates long Saudi shadow in U.S. business worldThe Finance 202: Uber illustrates long Saudi shadow in U.S. business world He must be the loser and now crying for not being involved in the business conference. So, let him cry and the Saudis have their alternatives.
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