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Trader's Blog
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Today's News
College fossil-fuel divestment movement builds
2 hours, 11 minutes ago
In an effort to slow the pace of climate change, students at more than 200 colleges are asking their schools to stop investing in fossil fuel companies. The students say it's hard for colleges and universities to ignore the arguments when scientists are teaching classes about the threats of climate change, and when the core mission of such institutions is to prepare young people for the future.
Business events scheduled for Thursday
2 hours, 11 minutes ago
Major business events and economic events scheduled for Thursday: WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m.
Iowa Senate approves compromise property tax plan
2 hours, 11 minutes ago
The Iowa Senate has approved a compromise plan to cut commercial property taxes in the state. The plan was approved in a 43-6 vote Wednesday. It now moves to the state House for approval. The property tax plan will gradually reduce taxable assessments of commercial properties by 10 percent and provide property tax credits geared for smaller businesses.
Home Depot rises on housing data, Lowe's results
2 hours, 11 minutes ago
Home Depot's stock hit an all-time high for a second straight day since reporting strong first-quarter results and boosting its full-year forecasts. Upbeat housing data and weaker-than-expected results from rival Lowe's on Wednesday helped keep Home Depot rising. Signs of a continued housing recovery were supported on Wednesday with a strong second-quarter performance from homebuilder Toll Brothers Inc. and a healthy housing report.
