Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to 450 stores, cut jobs and warned about its ability to continue as a going concern.
When will taxes be processed in 2020? The IRS says the first day it will accept tax returns is Jan. 27. The final deadline is April 15. …read more […]
An eventual de-escalation of tensions between the U.S. and Iran could unleash an untapped source of global crude oil supply and send prices spiraling lower, according to at least one analyst. …read more […]
American Airlines Group Inc said on Monday it had reached a confidential agreement with Boeing Co to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft.
Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.
Let’s kick off my first Trade of the Day issue of 2020 by addressing the major catalyst affecting the markets right now…
The newest flare-up in U.S.-Iran tensions.
Quite honestly, as I’ve said countless times, trading geopolitical reactions is one of the hardest aspects of trading, and right now we’ve got another flare-up to contend with.
For instance…
Will the war tensions – and the possible retaliations – continue to push the markets lower?
Or…
Will dip buyers use the weakness as an opportunity to buy into their favorite momentum names – and continue the bullish party?
Honestly, the answers to those questions all depend on the …read more […]
JetBlue Airways Corp on Monday said it plans to become carbon neutral on all domestic flights by July 2020 and would use an alternative fuel source for flights leaving from San Francisco amid rising pressure to cut greenhouse emissions.
McDonald’s new CEO Chris Kempczinski is looking to change the fast food giant’s culture. Yahoo Finance’s Heidi Chung joins Seana Smith on The Ticker to discuss. …read more […]
The stock was static in 2019, but a Wall Street veteran thinks investors are overlooking the company’s outstanding pipeline and strong upward momentum Continue reading… …read more […]
(Bloomberg) — Pier 1 Imports Inc. is planning to dismiss about 40% of its headquarters staff, roughly 300 people, and is canceling orders as it works to overhaul the troubled business, according to people with knowledge of the matter.The retailer has drafted a bankruptcy plan and last month made a presentation to creditors that envisioned a smaller post-bankruptcy company with about $900 million in annual sales. It’s also held talks with current lenders about providing Chapter 11 financing, said the people, who asked not to be identified because the process is private.The company’s shares declined as much as 30% on …read more […]
U.S. stocks ended higher on Monday, rebounding from Friday’s losses as investors brushed aside increased tensions in the Middle East, while shares of Alphabet and other internet names gained.
The embattled home goods retailer is also canceling orders as it reworks its business structure. …read more […]
One of the most memorable moments of the Golden Globes happened before the first award was even presented. Fifth-time host Ricky Gervais gave a scathing critique of tech giants that have also become players in Hollywood. …read more […]
Investors typically have a single New Year’s resolution in mind: to make more money. While the goal is decidedly easy, attaining it is a lot more difficult.So, what’s the best way to build a return-producing portfolio? There are different strategies, for sure, but one way is to follow the guidance of the experts.Every January for the last 15 years, investment firm Stephens starts the year with a Best Ideas list. The firm’s analysts choose stocks in each sector with the best fundamental investment characteristics, ones which they believe are poised to outperform the market in the following 12 months.Looking into …read more […]
(Bloomberg) — Mourners packed the streets of Tehran Monday as the world braced for Iran’s response to the U.S. killing in Baghdad of Qassem Soleimani, who ran Iran’s foreign military operations and expanded its influence across the Middle East. Iraq’s parliament reacted by asking the government to work to expel U.S. troops from Iraqi soil, potentially ending a chapter that began with the 2003 invasion. The vote prompted a threat of sanctions from Donald Trump against Iraq, an ally in the fight against Islamic State.Oil briefly surged above $70, gold rose to the highest in more than six years and …read more […]
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