admin July 24, 2018

The new CEO of Fiat Chrysler has been handed a road map by industry legend Sergio Marchionne. But can he navigate the route? Mike Manley, the former global head of Jeep, has taken the reins at parent company Fiat Chrysler (FCAU) after Marchionne become gravely ill following surgery. The abrupt leadership change comes less than […]

admin July 23, 2018

U.S. stock market returns over the past decade or so have been nothing short of spectacular, but far less so for those who chose to retire in 2008, when a 30% decline in the market inflicted irreversible damage. In the financial-planning world, this reality is called the “sequence of returns risk.” It means that when […]

admin July 23, 2018

Tesla is burning cash so rapidly that it’s beginning to sound a bit desperate. Elon Musk’s Twitter antics steal headlines, but the real story at Tesla (TSLA) is the scramble to halt a mounting flow of red ink before a huge amount of debt comes due. The need for cash is so urgent that Tesla […]

admin July 23, 2018

Papa John’s took an extraordinary step to keep its founder at a distance. The board of directors said it approved a so-called poison pill provision, aimed at preventing former CEO John Schnatter from gaining more control of the company he founded. Schnatter resigned as chairman after admitting to using the N-word on a conference call. […]

admin July 23, 2018

1. Darkening credit outlook: The Federal Reserve spiked the punch bowl a decade ago. Now the party may be over. Record-low interest rates ushered in a period of easy money that nursed the economy back to health. But the recovery from the Great Recession is nine years old. With unemployment low and inflation heating up, […]

admin July 23, 2018

Click chart for in-depth premarket data. 1. Big day for earnings: Dozens of big-name companies are reporting quarterly results on Thursday. Blackstone (BX), BNYMelon (BK), Domino’s Pizza (DPZ), Philip Morris International (PM), Scholastic Corp (SCHL) and Union Pacific (UNP) are a handful of the key firms releasing earnings before the open Thursday. Then Microsoft (MSFT), […]

admin July 22, 2018

Disney has won the war for 21st Century Fox. Comcast announced Thursday that it will drop its pursuit of the 21st Century Fox assets that it was fighting over with Disney. Comcast had bid $65 billion for Fox’s movie studio, which is responsible for franchises like “Avatar” and “X-Men,” along with Fox’s regional sports networks […]