News
U.S. Dollar Drops to 8-Week Low Against Euro
Low Rate Expectations Keeping Dollar Depressed The U.S. dollar dropped to an eight-week low against the euro today on speculation that the Federal Reserve will continue to keep interest rates low, making the currency less attractive for investors to hold..
Portuguese Bonds Jump on Fears of a Ratings Downgrade
Will Portugal Earn the ECB’s Trust? Portugal’s credit rating came under fire this week as the country struggled to keep its Better Business Bureau (BBB) rating. Holding its creditworthiness above water is a necessary condition for the country to continue.
Bond Traders Ride Big Swings in Treasury Yields
Bond Yields Rise on Rate Hike Fears Just one day after the Federal Reserve released details from its July meeting, bonds began to swing wildly. There was a rabid sell-off, but traders moved back into both 10- and two-year Treasuries.
Morgan Stanley Upgrades Kinder Morgan, Inc. (NYSE:KMI) Stock to Overweight
Analyst Raises Price Target on Kinder Morgan Stock to $24.00 After a huge drop last year, Kinder Morgan, Inc. (NYSE:KMI) stock has climbed quite a bit in 2016. Now, a major Wall Street firm is saying that there is more.
United Bancorp, Inc. (NASDAQ:UBCP) Hikes Dividends
Increases Quarterly Dividend Rate to $0.11 Per Share Some small banks can pay big dividends. United Bancorp, Inc. (NASDAQ:UBCP) is the latest example. On, August 18, United Bancorp announced that its board of directors has approved a quarterly cash dividend.
Aegion Corporation (NASDAQ:AEGN) Announces New Share Repurchase Program
Authorizes an Additional $10.0 Million in Stock Buybacks On, August 17, Aegion Corporation (NASDAQ:AEGN) announced that its board of directors has authorized a new share repurchase program. Via this program, the company will be able to repurchase up to $10.0.
Communications Systems Slashes Quarterly Dividend by 75%
Shares Tumble 6% After Cost-Cutting Measures Announced New York, NY — Communications Systems, Inc. (NASDAQ:JCS) (CSI) slashed its quarterly dividend by 75%, as the global provider of physical connectivity infrastructure and services says it is taking steps to reduce cost..
ITC Holdings Corp. Announces Dividend Hike
15% Increase in Quarterly Dividend Rate Just before being acquired, ITC Holdings Corp. (NYSE:ITC) decided to reward shareholders with one more dividend hike. On Wednesday, August 17, ITC Holdings announced that its board of directors has approved a quarterly cash.
UBS Analysts Warn Investors Off Emerging Markets
Growth May Not Be What it Seems Around 8:00 a.m. Eastern Standard Time, emerging market stocks capped off an epic rally by hitting a 13-month high. That being said, two analysts aren’t buying the hype. Bhanu Baweja and Manik Narain,.
U.S. Jobless Claims Decline Last Week, Report Says
Drops in Insurance Claims Signal Strong Job Market New York, NY — The number of Americans seeking unemployment benefits in new applications dropped last week, a trend in line with strengthening job market conditions. Initial claims for unemployment benefits, a.
