Markets

admin June 25, 2018

Drinks no one wants, too many stores, not enough innovation. Starbucks’ new CEO Kevin Johnson identified these as the main problems bugging US Starbucks. He has a plan to fix them. “Our recent performance does not reflect the potential of our exceptional brand and is not acceptable,” Johnson said during the Oppenheimer Consumer Conference on […]

admin June 24, 2018

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree. Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and other countries who agreed in November 2016 to cut output should increase supply by about one million barrels per day to prevent a shortage. […]

admin June 24, 2018

Fears of a trade war have handed the Dow its longest losing streak in 15 months. Goldman Sachs thinks these worries will get even worse. Here’s why: President Trump’s use of tariffs as a negotiating tool requires him to show America’s trading partners that he’s deadly serious about his crackdown on trade. Yet that effort […]

admin June 24, 2018

Airbus has issued a stark warning to the United Kingdom over Brexit. If Britain crashes out of the European Union in March 2019 without a deal on trading arrangements, Airbus (EADSF) says the outcome would be “catastrophic,” throwing its production into chaos and threatening its future in the country. “This scenario would force Airbus to […]

admin June 24, 2018

OPEC has a new deal. Members of the cartel emerged from a summit on Friday with an agreement to boost crude oil production. The deal announced at a press conference in Vienna is aimed at easing fears of a global supply crunch and helping to bring down prices that had spiked by as much as […]

admin June 23, 2018

General Electric has paid a dividend for 119 consecutive years, including during the Great Depression and the 2008 financial meltdown. Goldman Sachs thinks that streak needs to come to an end. GE (GE) is sitting on a mountain of debt accumulated by a series of bad deals, shrinking revenue and a huge pension shortfall. That […]

admin June 23, 2018

Americans are finally getting paid more — and that’s creating challenges for nearly all of your favorite restaurants. Labor expenses make up an average of 25% to 30% of restaurants’ sales. Rising wages are forcing fast food and quick-service chains, including Olive Garden, LongHorn Steakhouse, Domino’s (DPZ), Wendy’s (WEN), Jack in the Box (JACK), McDonald’s […]

admin June 23, 2018

Xiaomi, one of the world’s leading smartphone makers, is hoping to raise more than $6 billion by selling shares for a stock market listing in Hong Kong next month. The Chinese tech firm announced the planned value of the listing Saturday. It’s less than the $10 billion Xiaomi was reportedly hoping to achieve a few […]

admin June 23, 2018

Tariffs on European automakers could hurt companies responsible for tens of thousands of American jobs. The US Commerce Department is investigating whether there should be tariffs on all imported cars and car parts. But President Trump on Friday indicated he is aiming specifically at car imports from Europe. “Based on the Tariffs and Trade Barriers […]

admin June 22, 2018

General Motors’ hot new SUV will be made in Mexico. The rebooted Chevrolet Blazer is part of GM’s attempt to make SUVs in all shapes and sizes to quench Americans’ insatiable thirst for big cars. The Blazer is bigger than an Equinox but smaller than a Traverse. GM hasn’t made a Blazer since 2005. The […]