Markets

admin June 22, 2018

People are increasingly buying groceries online. And many retail experts believe the digital supermarket battle will come down to Amazon versus Walmart. But Kroger has something to say about that: Not so fast. Kroger (KR), the grocery giant that also owns supermarket chains Ralphs, Fry’s and Harris Teeter, reported solid sales and earnings Thursday that […]

admin June 21, 2018

Trade war? What trade war? Investors continue their infatuation with big tech stocks despite worries about the US and China slapping tariffs on each other. All four of the so-called FANG stocks hit record highs on Wednesday. So did the Nasdaq, which is up 12% this year. The Dow is down 1%. Netflix (NFLX), Amazon […]

admin June 21, 2018

Click chart for more in-depth data. 1. Stress tests: The US Federal Reserve will release its annual assessment of big banks on Thursday. The stress tests, put in place after the 2008 financial crisis, are designed to make sure banks are healthy enough to withstand an economic downturn. Six foreign banks will be included this […]

admin June 21, 2018

Americans aren’t binge-watching Netflix’s “Stranger Things” right now. That means they’re not bingeing on Eggo waffles. For the four weeks ending May 19, Kellogg’s (K) frozen waffles, pancakes, and French toast sales grew just 1.3% from a year earlier, according to Nielsen. That’s a steep drop from the 9.4% average growth for Eggos during the […]

admin June 21, 2018

Amazon, Berkshire Hathaway and JPMorgan Chase announced the leader of their new health care company. Dr. Atul Gawande, a renowned surgeon and writer, has been named CEO of the new health care venture. Gawande practices general and endocrine surgery at Brigham and Women’s Hospital in Boston and is a professor at Harvard Medical School. He’s […]

admin June 20, 2018

Investors looking for value should forego indexes in favor of individual stocks, says Lindsey Bell, an investment strategist with CFRA Research “That’s how you’re going to find many better deals right now,” Bell told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday. Bell is particularly bullish on energy and technology stocks. “We think energy […]

admin June 20, 2018

Gatorade is ditching sugar. Gatorade Zero, a thirst quencher without sugar or carbs, hit stores around the country this week. It comes in orange, lemon lime, and glacier cherry, and is priced in line with the brand’s classic sports drink. The new drink is a tacit admission that the heyday of sugary sports drinks is […]

admin June 20, 2018

Starbucks will close 150 poorly performing company-operated stores next year, about three times as many as it typically closes. The affected stores are located in mostly urban areas that are densely populated with Starbucks locations. The company told investors late Tuesday that it expects same-store sales to grow just 1% for the quarter that begins […]

admin June 20, 2018

Wells Fargo’s quest to clean up its act requires workers to shine a light on shady activity when they see it. A top Wells Fargo (WFC) executive said on Tuesday that employees are increasingly using the bank’s confidential hotline to report bad behavior. “Our volumes increased on our ethics line. We’re glad they did. People […]

admin June 19, 2018

Wall Street has tried to ignore warning signs about a trade war for months. It can’t any longer. The Dow sank around 350 points, or 1.4%, on Tuesday. That put it in negative territory for the year and on track for its sixth straight day of losses. The S&P and the Nasdaq fell, too. On […]