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Sarhan In Reuters: Trump rally sputters as energy, health stocks drag
Fri Nov 11, 2016 | 11:33am EST By Yashaswini Swamynathan A rally sparked by Donald Trump’s surprise victory in the U.S. presidential election, that also powered the Dow to a record high, sputtered on Friday as energy and healthcare stocks came under pressure. Investors scrambled to adjust their portfolios to benefit from Trump’s plans to…
CNBC: Stocks close mostly higher after Fed keeps rates unchanged, Apple surges 6%
Wednesday, February 1, 2017 U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was widely expected. The Dow Jones industrial average gained about 25 points, having risen more than 100 points earlier in the session, with Apple contributing the most gains. The S&P 500 rose less than 0.1…
Reuters Quote: Wall Street falls steeply with China, Greece fears paramount
(Reuters) – The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings. Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500sectors losing ground….
Adam Sarhan Int'l Business Times Quote: Facing Bankruptcy, RadioShack Corporation (RSH) Future Depends On Branding
By Angelo Young @angeloyoung_ a.young@ibtimes.com on January 16 2015 8:15 AM RadioShack Corporation once filled a comfortable niche in a world where consumers bought small electronics items — batteries, cords and transistor radios — in neighborhood stores. Now, the very name of the 94-year-old retail franchise reflects its age and its struggle to keep pace…
Adam Sarhan Reuters Quote: Instant View: Citigroup CEO Vikram Pandit resigns
Tue Oct 16, 2012 10:12am EDT (Reuters) – Citigroup Inc Chief Executive Vikram Pandit has resigned, effectively immediately, a shock change at the top of the bank just one day after surprisingly strong quarterly results. A statement on Tuesday from Chairman Michael O’Neill said Michael Corbat, previously chief executive for Europe, Middle East and Africa,…
Reuters Quote: Wall St. opens lower as Greek crisis weighs
U.S. stocks opened weaker on Friday, pressured by a setback in Greek debt talks and increased chances of a rate hike in September as a recovery in the U.S. economy gathers steam. Greece said it would not cross its “red lines” as it looked to intensify political negotiations for an agreement, saying IMF’s move to…
