Business News
Wall Street dips at open on global growth worries
U.S. stocks opened lower on Thursday as weak data from major economies and a dour forecast from Cisco rekindled worries of a global slowdown.
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Business News
Britain’s Asda blames Brexit uncertainty for sales dip
Asda, the British supermarket arm of the world’s biggest retailer Walmart , blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers’ spending patterns.
Trading Ideas
If You Had Bought SkyWest (NASDAQ:SKYW) Shares Five Years Ago You'd Have Made 449%
We think all investors should try to buy and hold high quality multi-year winners. And highest quality companies can… …read more […]
Business News
Wells Fargo former interim CEO Allen Parker to step down as general counsel
Wells Fargo & Co on Thursday said its general counsel Allen Parker, who was formerly interim chief executive officer, would step down in March 2020.
Business News
U.S. producer prices rise solidly; healthcare costs increasing
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
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Is GEE Group, Inc.'s (NYSEMKT:JOB) CEO Paid At A Competitive Rate?
Derek Dewan has been the CEO of GEE Group, Inc. (NYSEMKT:JOB) since 2015. This analysis aims first to contrast CEO… …read more […]
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IBM to launch faster weather forecast system to cover the globe
Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data. Demand for very precise and quicker weather forecasts has grown as more extreme conditions increase due to climate change and as more variable renewable energy goes to the grid. The system, known as IBM GRAF – the Global High-Resolution Atmospheric Forecasting System – will run on a supercomputer and provide more detailed and higher quality forecasts. …read more […]
Business News
New Roma model joins Ferrari’s ‘prancing horse’ stable
Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous “prancing horse” logo looks to sustain profit and share price growth.
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Is Fortinet, Inc. (NASDAQ:FTNT) Overpaying Its CEO?
Ken Xie has been the CEO of Fortinet, Inc. (NASDAQ:FTNT) since 2000. This analysis aims first to contrast CEO… …read more […]
Business News
Britain’s Asda blames Brexit uncertainty for lower sales
Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain’s exit from the European Union had negatively affected spending patterns.
Trading Ideas
Kalanick Has Now Sold $711 Million of Uber Since Lockup Expired
(Bloomberg) — Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His …read more […]
Business News
Burberry aims to woo more customers in China with Tencent tie-up
British luxury brand Burberry on Thursday said it has joined forces with China’s Tencent for a new digital marketing and sales push to tap the nation’s increasingly social media savvy shoppers in a critical luxury market.
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Republican states best at managing their money; Democratic ones the worst
According to a new report from CreditCards.com, red states are far better at managing their money than blue ones. …read more […]
Business News
Oil rises on U.S. crude stocks fall, OPEC comments on U.S. shale growth
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
Trading Ideas
Why We Like The Sherwin-Williams Company’s (NYSE:SHW) 13% Return On Capital Employed
Today we are going to look at The Sherwin-Williams Company (NYSE:SHW) to see whether it might be an attractive… …read more […]