The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.
(Bloomberg) — Beyond Meat Inc. shares reversed earlier gains and fell in spite of revenue that blew past analyst estimates — a sign investors may be looking for more than rapid sales growth from the faux meat maker.The company’s fourth-quarter sales of $98.5 million exceeded the highest analyst projection and helped push full-year revenue beyond expectations to $297.9 million. Beyond Meat forecast 2020 sales of $490 million to $510 million, also beating the average analyst estimate.Chief Executive Officer Ethan Brown said the company is “only scratching the surface” of the U.S. restaurant market, but investors may be impatient for a …read more […]
Fears of a sustained global economic impact as the coronavirus rapidly spreads beyond China have sent investors scrambling to find safety less than 10 days after the U.S. stock market set record highs.
Occidental Petroleum Corp reported a quarterly loss on Thursday, as the oil and gas producer took more than $1.7 billion in impairment and other charges.
Due to coronavirus-related issues, these companies expect their profits to miss expectations Continue reading… …read more […]
Bed Bath & Beyond Inc would cut about 500 jobs, including management positions, as part of a restructuring program to turn around its business, the home-furnishing retailer said on Thursday.
The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products.
Tellurian Inc stock dropped on Thursday after the company said it extended the amount of time India’s Petronet LNG Ltd had to finalize an agreement to buy liquefied natural gas (LNG) from Tellurian’s Driftwood plant in Louisiana.
The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said on Thursday.
Home furnishing retailer Bed Bath & Beyond Inc said on Thursday it would cut about 500 jobs, including management positions, as part of a restructuring program.
Wall Street’s main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth.
Facebook Inc will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the U.S. presidential election, it said on Thursday.
The company has been aggressively cutting costs by laying off staff and selling assets to pay down its $38.54 billion debt pile following its $38 billion acquisition of Anadarko Petroleum. Occidental had also previously lowered its spending plans for the year and trimmed production goals to safeguard its dividend at a time when investors have been pressuring oil and gas companies to boost shareholder returns. Occidental reported fourth quarter production of 1.42 million barrels of oil equivalent per day (boepd), in line with its preliminary expectations announced earlier this month. …read more […]
Now let’s talk about all the red we’ve been seeing this week.
What you’re witnessing in the market right now is a combination of three things…
The market was priced for perfection. That means there was no room for “error” or a virus.
The market fears a lack of continuity of government with the elections coming this fall. Like him or hate him, President Trump is a known quantity. His potential opponent is unknown at this point.
The machines that account for 80% of the trading on Wall Street and the fund managers who must sell to mimic the market cause the type of …read more […]
I get a lot of questions from investors about exchange-traded funds, or ETFs. Many investors are curious about whether exchange-traded funds should have a place in their portfolios.
Perhaps the best place to start in this discussion is to define what an ETF is.
An ETF is a set of securities put together to track a certain index. One of the more popular ETFs, for example, was constructed to track the performance of the S&P 500. This is the SPDR S&P 500 ETFTrust (NYSE: SPY).
Prior to the creation of ETFs, it was very difficult for an individual investor to actually invest in …read more […]
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