August 27, 2020
“The average American spends about $5,174 a year, or roughly $431 a month, on groceries, according to a sample budget based on the latest spending data available from the location intelligence firm Esri. That’s more than Americans spend on dining out ($3,675 annually)…”… Continue Reading…
August 26, 2020
“Shares of Salesforce soared more than 27% Wednesday morning, as investors continued to rally around the enterprise-software company’s strong fiscal second-quarter earnings. Salesforce reported adjusted earnings per share of $1.44 on revenue of $5.15 billion on Tuesday. That blew away analyst expectations of… Continue Reading…
August 21, 2020
“Tesla Inc.’s market value has surpassed retail behemoth Walmart Inc. after an astounding surge in the electric vehicle maker’s shares over the past five months. The stock, which touched a low of about $350 in March, has almost quintupled since… Continue Reading…
August 10, 2020
“Shares of Eastman Kodak plunged more than 40% at the low on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious… Continue Reading…
July 20, 2020
“U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last month. That was… Continue Reading…
July 14, 2020
“Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla’s stock continues to skyrocket. Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of… Continue Reading…
June 24, 2020
“Since January, 355 Retailers Have Filed for Bankruptcy Protection. The coronavirus pandemic has hit the already-struggling sector particularly hard. Some big names have gone bust recently, including Neiman Marcus, J.Crew, and J.C. Penney. Meanwhile, Amazon and other retailers with a large online presence are… Continue Reading…
June 8, 2020
“The Nasdaq Composite became the first of the three major averages to climb back to an all-time high, advancing 2.0%, or 198.27 points, to 9,814.08 on Friday and touching an intraday record of 9,845.69. After tumbling as much as 25% earlier this… Continue Reading…
May 28, 2020
“American Airlines stock fell Thursday after a letter to employees outlining planned job cuts due to the coronavirus surfaced late Wednesday. Delta Air Lines (DAL) is also preparing a round of voluntary job reductions. In the staff letter, American Airlines (AAL) said it would… Continue Reading…
May 27, 2020
“Something strange happened in the U.S. stock market on Tuesday… Rather, the most unusual part of the latest rally is that bank shares clearly led the advance. As of last week, Bloomberg’s 18-company S&P 500 Banks Index was down more than 40% in… Continue Reading…
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