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Stock Market Retreat Reflects Global Coronavirus Concerns

Stock Market Retreat Reflects Global Coronavirus Concerns

The stock market retracted a bit, after record highs, on Thursday, as the number of reported coronavirus cases increased. The CDC confirmed the 15 case in the United States. This, of course, added to the concerns that the virus... 
Casper IPO Turns Disastrous

Casper IPO Turns Disastrous

In 2014, Casper launched as a major pioneer of the mattress-in-a-box trend-setter in the sleep industry.   In fact, you may be familiar with Casper as a product in department stores like Costco, Target, and even... 
Ford Shares Tumble on Nearly $1.7 Billion Loss on Q4

Ford Shares Tumble on Nearly $1.7 Billion Loss on Q4

Ford Motor Company reported a loss of $1.67 billion during the fourth quarter of 2019, which contributed to them missing Wall Street’s earnings expectations.  The company attributed the downturn to increased pension... 
China experiences biggest stock crash since 2015 because of coronavirus

China experiences biggest stock crash since 2015 because of coronavirus

The coronavirus is not only affecting the health and lives of thousands of people but it’ s also causing China’s stock market today, Monday, Feb. 3, to experience its biggest one-day sell-off since 2015. This is due to the... 
Shares of Express Soar On Announcement of Store Closure Strategy

Shares of Express Soar On Announcement of Store Closure Strategy

Shares at fashion retailer Express jumped this week after the company revealed their plan to close 91 stores in a “fleet rationalization” strategy aimed at restructuring after a major decline in holiday sales, this past season.  Of... 
Smith & Wesson Parent Fires CEO In Preparation of Spin-Off

Smith & Wesson Parent Fires CEO In Preparation of Spin-Off

American Outdoor Brands replaced their CEO, this week, under the terms that he engaged in misconduct the company described as being “inconsistent with a non-financial company policy.”  Thus, the owner of gunmaker Smith... 
Mercedes-Benz Parent Company Daimler AG Issues Recall Over Faulty Sunroof Glass

Mercedes-Benz Parent Company Daimler AG Issues Recall Over Faulty Sunroof Glass

German automaker Daimler AG announced, over the first weekend of the new year, a plan to recall approximately 744,000 Mercedes-Benz vehicles in the United States. The recall—which is due to caution over a sunroof glass panel... 
Sutter Health to Pay $575 Million in Anti-Competitive Lawsuit Ruling

Sutter Health to Pay $575 Million in Anti-Competitive Lawsuit Ruling

One of the biggest health care systems in California is set to pay $575 million to settle claims in a case accusing anti-competitive practices that unfairly bumped up costs for patients.  The office of the California... 
Amazon had biggest shopping day in its history on Cyber Monday

Amazon had biggest shopping day in its history on Cyber Monday

This past Cyber Monday set all kinds of sales records for American businesses globally, especially for Amazon, which has become somewhat of an annual tradition: selling more on Cyber Monday than any other shopping event including... 
US gives Microsoft temporary license to export software to Huawei

US gives Microsoft temporary license to export software to Huawei

Although the US government has blacklisted Huawei in most respects, the Department of Commerce (DOC) has given the Chinese tech giant a reprieve by granting Microsoft a 90-day license to export mass-market software to Huawei. The... 
Ford and McDonald’s Partner to Re-purpose Coffee Chaff To Make Car Parts

Ford and McDonald’s Partner to Re-purpose Coffee Chaff To Make Car Parts

In the new economy, partnerships are important but its not just about reducing the amount of competition or combining similar products to streamline inventory. Indeed, sometimes a good partnership comes out of collaboration for the... 
East Coast Arts and Crafts Chain AC Moore Is Closing For Good

East Coast Arts and Crafts Chain AC Moore Is Closing For Good

AC Moore has announced, this week, it will be shutting down all of its arts-and-crafts shops.  Parent company Nicole Crafts said, on Monday, the New Jersey-based retailer must close all 145 stores that are scattered... 
Amazon Set to Appeal Microsoft’s $10B Pentagon Cloud Contract

Amazon Set to Appeal Microsoft’s $10B Pentagon Cloud Contract

Amazon is taking on the United States government.  This week, Amazon Inc has revealed it is taking the Pentagon to court over the government’s alleged “unmistakable bias” for awarding Microsoft a massive military... 
US consumers spend while economy is slows

US consumers spend while economy is slows

In spite of a slowing economy, third quarter reports from the US Commerce Department today report that consumers continue to spend. The Commerce Department (DOC)reported that the GDP – US gross domestic product –... 
Google is buying smartwatch maker Fitbit for about $2.1 billion.

Google is buying smartwatch maker Fitbit for about $2.1 billion.

CNBC reports that Alphabet, Google’s parent company, has plans in the works to purchase Fitbit the smartwatch maker for approximately $2.1 billion in cash.  This acquisition will pit Google against Apple in the fitness... 
Delta To Boost Hiring on Surprise Demand Jump

Delta To Boost Hiring on Surprise Demand Jump

International air travel giant Delta Air Lines is hoping to increase hiring efforts for both onboard staff—pilots and flight attendants—and reservation and other airport staff after better-than-expected third-quarter profit... 
Plans are in the works to freeze pension plans for 20,000 US General Electric employees

Plans are in the works to freeze pension plans for 20,000 US General Electric employees

General Electric (GE), announced today that it plans on freezing the pensions plans of its 20,000 employees who receive salaried benefits in the US in order to reduce its huge pile of debt. With the freezing of pension plan... 
AB InBev Prices APAC Offering of Budweiser at HK$27; the Second Biggest IPO Launch Of the Year

AB InBev Prices APAC Offering of Budweiser at HK$27; the Second Biggest IPO Launch Of the Year

Early on Tuesday morning, Anheuser-Busch InBev announced the pricing of its initial public offering for Budweiser, in Asia, at the Hong Kong value of $27 per share.  In addition, the brewer also said it will issue another... 
UAW Announces Strike Over GM Contract Issues

UAW Announces Strike Over GM Contract Issues

This week, the United Auto Workers labor union announced they will initiate a nationwide strike, which will go into effect at midnight on Sunday (so, technically, Monday morning).  The dramatic move comes after ongoing... 
Huawei lawsuit against US government dropped

Huawei lawsuit against US government dropped

Huawei Technologies, Inc., China’s telecommunications equipment maker has decided to drop its lawsuit against the US Commerce Department and other agencies after the US government released the telecom equipment it seized two... 
Ulta Shares Plunge on Lower Outlook

Ulta Shares Plunge on Lower Outlook

Shares of cosmetics retailer Ulta Beauty sank late this week, tanking more than 20 percent after the company reported earnings that missed analyst expectations. This, of course, was followed by the customary cut to overall fiscal... 
Shares Tumble 5 Percent as HP Announces New CEO

Shares Tumble 5 Percent as HP Announces New CEO

On Thursday, this week, computer company HP Inc announced that President and CEO Dion Weisler is planning to step down. According to those close to the matter, the executive noted that a “family health matter” has encouraged... 
FDA Rejects Sarepta Therapeutics’ New DMD Drug

FDA Rejects Sarepta Therapeutics’ New DMD Drug

Sarepta Therapeutics received a shock Monday morning when the United States Food and Drug Administration rejected their new Duchenne muscular dystrophy (DMD) drug, in a Complete Response Letter.  It is the company’s... 
US Stocks Sink On Lower Fed Rate Cut Hopes

US Stocks Sink On Lower Fed Rate Cut Hopes

The main Wall Street indexes took a tumble at the end of the week after a report indicating the Federal Reserve has a plan to cut interest rates by no more than one-quarter of a percentage point by the end of the month.   The... 
Chewy Stock Jumps on Excellent News From First Earnings Report

Chewy Stock Jumps on Excellent News From First Earnings Report

Shares of online pet product company Chewy saw a nice bump on Thursday after the e-tailer reported impressive first-quarter 2019 sales, which were 45 percent up, helping to cut the company’s previous losses. Satisfying... 
Bank of America Slashes Global Economic Growth Forecast

Bank of America Slashes Global Economic Growth Forecast

On Friday, Bank of America Merrill Lynch lowered global gross domestic product expectations, mostly holding the trade war with China responsible for the uncertainty and sluggish policy response for the downgrade.   Indeed,... 
Ford Issues Major Recall of Focus Models Over Software Problem

Ford Issues Major Recall of Focus Models Over Software Problem

Ford Motor Corporation has just issued a recall of approximately 58,000 Focus model vehicles.  This recall announcement affects Ford Focus models in 2010 to 2012 and 2016 to 2017 production years as well as 2017 as well... 
Pepsi Recovers And is Back in Growth Mode Recovers

Pepsi Recovers And is Back in Growth Mode Recovers

Traditional soft drink companies have struggled a little over the past several years, thanks to consumers trying to shift away from sodas to healthier beverage options.  This certainly means that big soft drink companies...