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JC Penney shares crater 17% on earnings miss, lowered forecast - CNBC

Thu, 08/16/2018 - 16:00

CNBC

JC Penney shares crater 17% on earnings miss, lowered forecast
CNBC
J.C. Penney on Thursday reported quarterly earnings and revenue that missed analysts' expectations, as it continues to grapple with the overhang of unsold merchandise. As fast fashion brands like Zara have trained shoppers to shop new styles more ...
JC Penney shares slump 22% after wider-than-expected loss, revenue declineMarketWatch
JC Penney Earnings Preview: Any Signs of a Turnaround?Fox Business

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Walmart's US Comparable Sales Rise Most in Decade, Shares Soar - U.S. News & World Report

Thu, 08/16/2018 - 15:56

U.S. News & World Report

Walmart's US Comparable Sales Rise Most in Decade, Shares Soar
U.S. News & World Report
NEW YORK (Reuters) - Walmart Inc on Thursday reported quarterly earnings and sales that topped estimates, as more shoppers visited its stores and a revamped website drove purchases online, sending its shares soaring more than 11 percent in premarket ...
Walmart's second-quarter comparable sales rise most in a decade, shares soarReuters
Walmart Rides Strong Consumer Spending to Fastest Sales Growth in Over a DecadeWall Street Journal
Walmart reports best sales growth in a decade, shares spikeYahoo Finance
CNBC -Motley Fool -Zacks -Seeking Alpha
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$178 billion wiped off Tencent shares since record high — that's like losing a whole Netflix - CNBC

Thu, 08/16/2018 - 15:16

CNBC

$178 billion wiped off Tencent shares since record high — that's like losing a whole Netflix
CNBC
Chinese technology firm Tencent has lost over $178 billion in value since shares hit a record high in January, making it one of the worst-performing major technology stocks. Shares of Asia's most valuable firm hit an all-time high of 474.6 Hong Kong ...
Europe Stocks Brush Off Asian Tech Losses as Metals ReboundWall Street Journal
European Stock Markets Pick up After Losses in AsiaU.S. News & World Report
Shares, emerging market currencies steady after fresh maulingYahoo Finance

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Retail earnings; Tencent pain; Cisco surge - CNNMoney

Thu, 08/16/2018 - 12:07

CNNMoney

Retail earnings; Tencent pain; Cisco surge
CNNMoney
Walmart (WMT), Dillard's (DDS) and JCPenney (JCP) are set to release earnings before the open. Nordstrom (JWN) will follow after the close. Content by MyFinance. This Incredible Card Offers 0% APR Until Nearly 2020 · Online Savings Account Rates Beat ...

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Report Finds Traces of a Controversial Herbicide in Cheerios and Quaker Oats - New York Times

Thu, 08/16/2018 - 06:36

New York Times

Report Finds Traces of a Controversial Herbicide in Cheerios and Quaker Oats
New York Times
An environmental research and advocacy group has found traces of a controversial herbicide in Cheerios, Quaker Oats and other breakfast foods that it says could increase cancer risk for children. The report comes amid longstanding debate about the ...
Round Up the Usual LawyersWall Street Journal
Roundup Weed Killer Chemical Found in Cheerios and Quaker OatsYahoo Finance
Bayer dumped Monsanto name, but not its troublesCBS News
Detroit Free Press -AdAge.com -Bloomberg -San Francisco Chronicle
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Woman denied job after email says her name is 'ghetto,' company says someone hacked its system - 11Alive.com WXIA

Thu, 08/16/2018 - 03:06

11Alive.com WXIA

Woman denied job after email says her name is 'ghetto,' company says someone hacked its system
11Alive.com WXIA
CHESTERFIELD, Mo. – A post on Facebook has gone viral after a woman who applied for a customer service job at a Chesterfield clinic received an email saying the company does not consider candidates that have “suggestive ghetto names.” Hermeisha ...
Woman says she was denied job in Chesterfield because name too 'ghetto'; company says it was hackedSTLtoday.com
St. Louis area women say they were denied job because of 'ghetto' nameKMOV.com

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We Still Don't Know Whether Uber Is a Real Business - Bloomberg

Thu, 08/16/2018 - 00:42

Bloomberg

We Still Don't Know Whether Uber Is a Real Business
Bloomberg
In March, Uber will turn 10 years old. On paper, it's one of the world's most highly valued companies. Uber has become a verb for rides on demand, changed the transportation habits of millions and pushed changes in city planning around the world. But ...
Uber is investing its growth into its next chapter — including scooters and bikesRecode
Uber's Losses Continue in Its March Toward an IPONew York Times
Uber's move into bikes and food delivery deepens lossesBBC News
CNNMoney -Fortune -The Verge -NBC Bay Area
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Macy's shares tumble 5 percent as department store struggles to grow sales - CNBC

Wed, 08/15/2018 - 15:55

CNBC

Macy's shares tumble 5 percent as department store struggles to grow sales
CNBC
The department store chain also raises its outlook for earnings and same-store sales for the full year, saying that strong consumer confidence in the U.S. will fuel purchases. Lauren Thomas | @laurenthomasx3. Published 1 Hour Ago Updated 2 Mins Ago ...

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Corona beer maker Constellation ups bet on cannabis with $4 billion investment in Canopy Growth - CNBC

Wed, 08/15/2018 - 15:37

CNBC

Corona beer maker Constellation ups bet on cannabis with $4 billion investment in Canopy Growth
CNBC
Constellation Brands is upping its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy Growth on Wednesday. The maker of Corona and Modelo beers in October took a 9.9 percent stake in the Canadian cannabis company.
Corona owner pumps $4 billion more into weed producer CanopyReuters
Corona Brewer Constellation Brands Expands Investment in Canopy GrowthWall Street Journal
Here's What Constellation Brands Sinking $4 Billion Into Canopy Growth SignalsTheStreet.com
Bloomberg -MarketWatch -Financial Times
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US retail sales increase strongly in July - CNBC

Wed, 08/15/2018 - 15:32

CNBC

US retail sales increase strongly in July
CNBC
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. The Commerce Department said on Wednesday retail sales increased 0.5 ...

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Chinese internet giant Tencent suffers a rare profit drop - TechCrunch

Wed, 08/15/2018 - 14:44

TechCrunch

Chinese internet giant Tencent suffers a rare profit drop
TechCrunch
Tencent, Asia's most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains. The firm recorded strong growth with revenue up 30 percent year-on-year to reach 73.7 billion RMB ($10.7 billion) in Q2 2018. But net ...
Tencent Stuns With First Profit Drop in at Least a DecadeBloomberg
Tencent Disappoints on Earnings as Its Games Face Regulatory HurdlesWall Street Journal
Tencent's profit drops for the first time in nearly 13 yearsBusiness Insider
CNBC -Bloomberg -The Information
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Should Coffee Come With Cancer Warnings? California Says No - New York Times

Wed, 08/15/2018 - 14:15

New York Times

Should Coffee Come With Cancer Warnings? California Says No
New York Times
In every cup of coffee, there is a chemical linked to cancer. That undisputed fact led a Los Angeles judge to rule this spring that coffee companies must provide cancer warnings to coffee drinkers. The ruling cast a shadow on a daily and often ...
California may backtrack on coffee cancer warning labelsLos Angeles Times

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These Are the 25 Highest-Paying Jobs in the US Right Now - Fortune

Wed, 08/15/2018 - 12:30

Fortune

These Are the 25 Highest-Paying Jobs in the US Right Now
Fortune
For the fourth consecutive year, the technology sector boasted the highest-paying jobs in the U.S., according to an annual report from Glassdoor. Thirteen of the 25 highest-paying jobs this year were in tech, up from 11 in 2017, according to the report ...
These are the country's best-paying jobs, with salaries over $100000USA TODAY
The 25 Highest-Paying Jobs In America In 2018Forbes
The highest-paying jobs in AmericaCBS News
Glassdoor -USATODAY.com -protect-us.mimeca... - Mimecast -Motley Fool
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MoviePass has less than three months left before it runs out of cash — and its latest changes won't save it - Business Insider

Wed, 08/15/2018 - 05:39

Business Insider

MoviePass has less than three months left before it runs out of cash — and its latest changes won't save it
Business Insider
MoviePass' parent company, Helios and Matheson, has less than three months of cash left at the rate it was burning through its funds in the second quarter. Even if it was able to reduce its burn rate as much as executives have stated, it still won't do ...
MoviePass just lost $132 a share and it's trading at 5¢CNNMoney
MoviePass Owner's Loss Ballooned Last QuarterBloomberg
Helios And Matheson: Preferred Shares - An Item Many Have MissedSeeking Alpha
Wall Street Journal -SEC.gov
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Sears CEO Eddie Lampert offers 'critical' deal to buy Kenmore brand for $400 million - USA TODAY

Wed, 08/15/2018 - 01:43

USA TODAY

Sears CEO Eddie Lampert offers 'critical' deal to buy Kenmore brand for $400 million
USA TODAY
The CEO, chairman and largest shareholder of Sears Holdings on Tuesday offered to buy one of the financially strapped department chain's last remaining valuable product brands, describing a speedy deal as "critical." Through his hedge fund ESL ...
Sears CEO's fund submits proposal to buy Kenmore, home improvement divisionChicago Tribune
Sears CEO Bids $470 Million for Kenmore, Home-Improvement UnitsBloomberg

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Elon Musk Tweets Another Surprise, Saying Goldman and Silver Lake Are Tesla Advisers - Wall Street Journal

Tue, 08/14/2018 - 23:54

Wall Street Journal

Elon Musk Tweets Another Surprise, Saying Goldman and Silver Lake Are Tesla Advisers
Wall Street Journal
Elon Musk again caught the financial world by surprise with an announcement on Twitter about his desire to take Tesla Inc. TSLA -2.46% private, this time revealing a list of advisers before arrangements with all of them were completed. The electric ...
The next step for Tesla and Elon Musk is a formal takeover proposal — here's what it could look likeCNBC
Goldman Sachs Had No Mandate When Musk TweetedBloomberg
"Funding Secured," Mr. Musk? Or Is It More Like "Funding Securable"?Motley Fool
CNET -Telegraph.co.uk -Financial Times -Twitter
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Warren Buffett's Berkshire Hathaway reloads on Apple, Goldman Sachs and airlines - CNBC

Tue, 08/14/2018 - 23:24

CNBC

Warren Buffett's Berkshire Hathaway reloads on Apple, Goldman Sachs and airlines
CNBC
Warren Buffett's Berkshire Hathaway increased its stake in Apple by 5 percent, according to a regulatory filing Tuesday that discloses positions through the end of the second quarter. Berkshire also upped its holdings of Goldman Sachs by 21 percent ...
Warren Buffett is ending his meetings with college students1011now

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Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather - MarketWatch

Tue, 08/14/2018 - 23:08

Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather
MarketWatch
U.S. stocks closed Tuesday's session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey's currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong ...

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