John Petrides from Point View Wealth Management discusses the recent stock market slump and explores whether President Trump's first State of the Union speech will have an impact.
Petrides says the sell-off is the result of four things: Apple cutting iPhone X estimates, the U.S. 10 year climbing to 2.7%, Goldman Sachs warning of a 10-20% correction in the next couple of months, and the end of Janet Yellen's reign as Fed Chair.
Petrides believes Trump's economic message in the State of the Union was consistent. However, he isn't sure if the president's infrastructure bill will ever come to pass.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
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Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
Hackers accessed Xfinity customers’ personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week.
