FILE – This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. TikTok’s owner has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal, Sunday, Sept. 13, 2020. less FILE – This Feb. […]
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McDonald’s Sales Are Up. The Stock Is on Track to Reach New Highs.
Text size Dan Kitwood/Getty Images McDonald’s stock set an intraday record high Monday morning and was on track for its first record close since August 2019. The stock (ticker: MCD) was up $1.9% to $222.12 and has risen 4.9% amid a five-trading-day winning streak, according to Dow Jones Market Data. […]
The Cautionary Tale Of Unilever And The Netherlands
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LONDON, UNITED KINGDOM – JULY 11, 2020 – Environmental protesters outside the Unilever headquarters … [+] in London- PHOTOGRAPH BY Matthew Chattle / Barcroft Studios / Future Publishing (Photo credit should read Matthew Chattle/Barcroft Media via Getty Images) Barcroft Media via Getty Images Paul Polman, the ex-CEO of Unilever, is […]
Dow ends 327 points higher as stocks rebound amid vaccine hopes, IPO rush and corporate deal-making
U.S. stocks rose Monday, taking back a chunk of last week’s losses amid fresh hope for a coronavirus vaccine, a flurry of initial public offerings and potential corporate mash-ups, including reports that Oracle plans to forge a partnership with TikTok, the popular China-based social-media platform. The Dow Jones Industrial Average […]
Amazon hiring again: 100,000 full- and part-time openings
The hiring spree at Amazon continues. The e-commerce giant on Monday said it would hire 100,000 full and part-time workers across the United States and Canada for jobs including sorting customer orders and making deliveries. The announcement by Amazon comes five days after the company said it would bring on […]
U.S. job growth loses speed as fiscal stimulus ebbs
WASHINGTON (Reuters) – U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy’s recovery from the deep COVID-19 recession. Nearly a fifth of the job gains reported by the Labor Department on […]
Ryanair CEO Bonus Challenged as Crisis Sparks Pay Scrutiny | Investing News
PARIS (Reuters) – Ryanair boss Michael O’Leary’s proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month. Proxy advisor Institutional Shareholder Services (ISS) said the pay award for the financial […]
Kudlow Expects Trump Administration to Unveil Aid for Airlines in Weeks | Investing News
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Friday said he thinks the Trump administration will in a matter of weeks unveil additional aid for U.S. airlines, which have been dealt a blow by a coronavirus pandemic that has grounded most flights. “If they need additional assistance, we […]
Michigan inks $35M deal with Valero subsidiary to clean up gas stations
LANSING, MI — Michigan regulators have signed a $35.2 million settlement with a subsidiary of Valero Energy Corp. to pay for toxic site cleanup at dozens of gas stations where leaking underground storage tanks were discovered. The Michigan Department of Environment, Great Lakes and Energy (EGLE) and Attorney General Dana […]
Amazon To Add 10,000 Jobs In Seattle Suburb
Amazon plans to add 10,000 permanent jobs to a suburb of the west coast US city of Seattle in the coming years in the growing tech behemoth’s latest expansion near its headquarters, the company said Friday. The jobs will be based in Bellevue, 10 miles (16 kilometers) east of Seattle, […]
The US has lost jobs since Trump took office, but so have many other countries
The Labor Department reported that the U.S. added 1.37 million new jobs in August, while the unemployment rate dropped below 10% for the first time since the pandemic took hold. “This is a very deep scar to the labor market” noted Gregory Daco, chief U.S. economist at Oxford Economics, “one […]
US Added 1.4 Million Jobs In August, While Unemployment Rate Fell To 8.4%
KEY POINTS The jobless rates declined in the month for adult men (to 8%), adult women (8.4%), teenagers (16.1%). The number of Americans on temporary layoff decreased by 3.1 million to 6.2 million in August But the number of permanent job losers increased by 534,000 to 3.4 million in August […]
Stocks fall but end off session lows as investors continue to rotate out of tech and momentum sectors
Stocks finished with losses but off session lows in choppy trade on Wall Street on Friday, with some previously unloved sectors finding support as technology and other highflying segments felt the pressure of continued profit-taking. U.S. markets on Monday will be closed in observance of Labor Day, a factor that […]
Oil slips below $44, heads for weekly drop on demand concerns
A man walks on a path in front of an oil derrick near the Huntington Beach Oil Fields on April 20, 2020 in Huntington Beach, California. Michael Heiman | Getty Images Oil slipped below $44 a barrel on Friday and was on course for its biggest weekly decline since June […]
Salesforce Reports Big Jump in Profits
Here’s what you need to know: Salesforce, a maker of cloud software, saw surging revenue and profit in the second quarter as customers have increasingly turned to its tools in the coronavirus pandemic. The San Francisco company’s revenue rose to $5.15 billion, up 29 percent from a year ago, driven […]
Honeywell Stock Is Going Back in the Dow Jones Industrial Average
Text size Sean Gallup/Getty Images Honeywell is going back in the Dow Jones Industrial Average. It makes perfect sense. And it is good news for the stock, but not in the way investors might initially assume. S&P Global (ticker: SPGI) announced the changes Monday evening. The industrial giant is going […]
Luckin Stock Isn’t the Answer for Investors Seeking Consumer Exposure
© Source: abolukbas / Shutterstock.com Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it. Purveyor of coffee and fraud, Luckin Coffee (OTCMKTS:LKNCY) still commands plenty of attention and, for one reason or another, some investors remain captivated by Luckin stock. […]
S&P 500 shakes off a bumpy start, pushes to another record
The market has been making a lot of small moves recently on snippets of news about the virus, developments on a potential vaccine for it and other concerns. But the economy is still hurting, with airlines running at a fraction of their capacities and restaurants still mostly empty. “That’s not an economy that’s […]
British start-up Culture Trip confirms CEO is stepping down
(L-R) Executive Producer Daniel Montalto, Executives in charge of Culture Trip Michael Fox and Dr. Kris Naudts and Executive Producer Elizabeth Carter attend Culture Trip premiere of the “The Soul of Soho” film at SXSW on March 09, 2019 in Austin, Texas. Getty British travel and entertainment start-up Culture Trip […]
J.M. Smucker lifts annual forecast on strong demand for coffee, frozen foods
(Reuters) – J.M. Smucker Co (SJM.N) on Tuesday raised its full-year targets after beating Wall Street estimates for first-quarter earnings and revenue on strong demand for its coffee, frozen sandwiches and peanut butter from stuck-at-home consumers. FILE PHOTO: Containers of Smuckers’s Jam are displayed in a supermarket in New York […]