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PepsiCo to drop Aunt Jemima name, criticized for racist history; Uncle Ben’s under review
PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.
Trading Ideas
Investors in the stock market are facing a summer of C.R.A.P.
It’s likely to be a long, hot summer for investors in the stock market says this veteran strategist. …read more […]
Business News
U.S. Justice Department proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump’s bid to crack down on tech giants.
Business News
LATAM Airlines to suspend operations in Argentina indefinitely
LATAM Airlines Group on Wednesday said it will cease operations at its Argentine subsidiary “indefinitely,” its first major cutback since Latin America’s largest airline filed for bankruptcy protection last month.
Business News
U.S. homebuilding rises moderately; jump in permits hints at green shoots
U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy.
Business News
Stocks seesaw as rising coronavirus cases offset recovery hopes
Equity markets around the world seesawed on Wednesday as the prior day’s rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
Business News
FAA chief acknowledges agency, Boeing made mistakes on 737 MAX
Federal Aviation Administration chief Steve Dickson acknowledged on Wednesday that Boeing and the U.S. air safety agency both made mistakes in the development of the 737 MAX jetliner, grounded for more than a year following fatal crashes.
Business News
Powell repeats Fed to use full range of tools to aid economy
With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its “full range of tools” to cushion households and businesses, Fed Chair Jerome Powell told lawmakers on Wednesday.
Business News
Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge.
Business News
Insider-trading investigation against U.S. senator dismissed
The U.S. Senate Ethics Committee has cleared Senator Kelly Loeffler of wrongdoing in connection with stock trades, her office said on Wednesday, after the wealthy Republican – who is in a tough election race – was criticized over share sales during the coronavirus outbreak.
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U.S. SEC has problems with car rental firm Hertz selling new shares – CNBC
Last week, Hertz won bankruptcy court approval to sell up to $1 billion in stock. Clayton did not elaborate on what the issues were with Hertz’s plan, but indicated that the company was unlikely to go through with the offering until those issues were resolved, according to CNBC. Hertz has warned that its shares would be eventually “worthless”, but the stock sale could benefit creditors seeking to recover more of their claims during the bankruptcy process. …read more […]
Business News
U.S. shale companies to boost oil output by 500,000 bpd by month-end
U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts, amounting to a quarter of what they shut since the coronavirus pandemic cut fuel demand and hammered oil prices.
Trading Ideas
Three McDonald’s Dividend History and Safety Charts
McDonald’s dividend history is long, but is it safe going forward?
The company has raised and paid its dividend for the last 45 years. This consistency is great for investors and it almost makes McDonald’s an elite dividend king. The kings are companies that have increased dividend payments for 50 consecutive years or more.
To see if McDonald’s will keep on paying a dividend, let’s dig into the business and recent dividend trends. Also, if you’re interested in the company’s response to more recent events, check out our article on McDonald’s stock.
Business Overview and Highlights
McDonald’s is a $139 billion dollar business. The …read more […]
Business News
U.S. Justice Department to propose rolling back protections for big tech
The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a department official said on Wednesday, speaking on condition of anonymity.