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U.S. Consumer Prices Rise 0.4% in October

Stocks0 Comments Consumer prices rose a seasonally adjusted 0.4% in October, the Labor Department said Wednesday. Households paid more for energy products, healthcare, food and a range of other goods. The Consumer Price Index (CPI), which...

Tyson Shares Jump Despite Earnings and Revenue Miss

Stocks0 Comments Shares of Tyson Foods, Inc. (NYSE: TSN) are up over 6% on Tuesday, even after the meat producer reported fourth quarter earnings and sales that fell short of estimates. Tyson said net sales increased 8.8% to USD 10.88 Billion....

Alibaba Breaks Singles Day Sales Record

Stocks0 Comments Shares of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) opened about 5% lower on Monday, even after the company delivered record sales on Singles Day, the world’s largest 24-hour shopping event. Last year,...

Gold Slumps Amid Optimistic U.S.-China Trade Matters

Stocks0 Comments Gold was on track for the biggest weekly loss in three years as optimism revolving around U.S. and China trade matters sent markets soaring throughout the week.  Since Monday leading into Friday’s low, gold prices tumbled by as...

Planet Fitness (NYSE: PLNT) Jumps After Sales Beat Expectations

Stocks0 Comments Planet Fitness, Inc. (NYSE: PLNT) stock jumped about 10% after the franchisee and operator of fitness centers reported financial results for its third quarter ended September 30, 2019.  Third Quarter Fiscal 2019 Highlights  Total...

Regulators Want Revised Boeing 737 Max Software Documentation

Stocks0 Comments U.S. and European regulators have asked Boeing Co. (NYSE: BA) to revise documentation on its proposed 737 Max software update, the planemaker confirmed Wednesday, a development that further complicates its efforts to return the...

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Domino’s Reports Disappointing Earnings and Sales

Blog0 Comments Shares of Domino’s Pizza, Inc. (NYSE:DPZ) opened nearly 6% lower on Tuesday after the Company posted weaker-than-expected third-quarter earnings and revenue. The fast food chain also trimmed its long-term sales forecast amid fierce...

GE Freezes Pension Plans to Cut Deficit by Up to USD 8 Billion

Blog0 Comments General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011. In total, the...

Walmart to Test New Healthcare Services for Workers

Blog0 Comments In an effort to curb healthcare spending, Walmart Inc. (NYSE: WMT) said it is rolling out a pilot program for its U.S. employees beginning January 1. “From choosing a doctor and trying to get in for an appointment, to understanding...

Stitch Fix Stock Sinks on Weak Outlook

Blog0 Comments Shares of Stitch Fix, Inc. (NASDAQ: SFIX) are down about 12% on Wednesday after the Company surpassed fourth quarter earnings expectations, but provided a softer-than-expected first quarter forecast. The online styling service came...

NextEra Energy Partners to Acquire Meade Pipeline

Blog0 Comments NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction also includes roughly USD 90 Million in future capital...