Year: 2018

Under its “Restock Kroger” program, the supermarket chain has been cutting prices and experimenting with new ways of selling products, while also shutting underperforming stores and shifting away from areas where it does not have a strong presence. The U.S. grocery industry, dominated by Walmart Inc (WMT.N) and Kroger, has been fearful that Amazon.com Inc (AMZN.O) would apply its current distribution strategy at Whole Foods, transforming existing stores into a grocery delivery network. In response, Kroger has been expanding home delivery, curbside pickup and self-checkout services, apart from investing heavily in technology such as its recent deal with …read more […]

Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Intel CEO Brian Krzanich resigns after an investigation determined he had an inappropriate, consensual affair with an employee. In other news, the company also raised guidance for the second quarter.

Here’s the performance of the Dow Jones Industrial Average components as of 10:30 am ET:

VZ Verizon Communications 1.62%
PG Procter & Gamble Cc 0.90%
AAPL Apple Inc 0.36%
HD(HB) Home Depot Inc -0.04%
JNJ Johnson & Johnson -0.08%
V Visa Inc -0.07%
UNH UnitedHealth Grp Inc -0.19%
AXP American Express Co -0.19%
IBM Intl Business Machines Corp -0.27%
WMT Wal-Mart Stores -0.31%
KO Coca-Cola Co -0.29%
DIS Disney (Walt) Co -0.43%
XOM Exxon Mobil -0.42%
MSFT Microsoft Corp -0.44%
TRV The Travelers Companies Inc -0.47%
MRK Merck & Co -0.54%
JPM JPMorgan Chase & Co -0.56%
DWDP DowDuPont Inc -0.53%
PFE Pfizer Inc -0.81%
NKE Nike Inc Cl B -0.76%
MCD McDonald’s Corp -0.76%
CSCO Cisco Systems -0.89%
GS Goldman Sachs Grp -1.06%
CVX Chevron Corporation -1.26%
UTX United Technologies -1.40%
BA Boeing …read more […]

Intel CEO Brian Krzanich has resigned after the company learned of what it called a consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company’s non-fraternization policy, which applies to all managers. Chief Financial Officer Robert Swan will take over as interim CEO immediately. …read more […]

AT&T this morning announced the launch of a second TV streaming service, …read more […]

In a press release touting “another record year,” Intel dropped a a bombshell, …read more […]

Most of the tech stocks are following the FAANG on the upward journey and are easily crushing them from a year-to-date look. Below we have highlighted five of them. …read more […]