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Earnings

US Steel to idle three blast furnaces, hurt by lower prices and soft demand

Operations at U.S. Steel Source: United States Steel Corporation United States Steel on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United
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June 19, 2019 by Financial Finest 0 Comments

Finance

The Fed will have a hard time giving everyone what they want, from stock traders to Trump

This just might be Fed Chair Jerome Powell’s toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group of people, and that’s not even counting President Donald Trump. The Fed began its two-day meeting Tuesday, and by 2 p.m. ET today, markets will be pouncing on whatever the
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June 19, 2019 by Financial Finest 0 Comments

Streamer launches may hold back Netflix shares for a while, Baird says

The Netflix logo as seen on a smartphone SOPA Images | Getty Images Emerging competitors in the streaming space pose a risk for Netflix as consumers are forced to decide which streaming subscription to call their own, according to Baird. Competition is growing for Netflix. Direct competitors like Amazon‘s Prime Video and Hulu remain a
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June 19, 2019 by Financial Finest 0 Comments

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