Home » Markets

Iran Discovers New Oil Field

Iran Discovers New Oil Field

Iran’s President Hassan Rouhani has announced the discovery of a new oil field in the south-western province of Khuzestan. Exploration started at the site, called the Namavaran oilfield, in 2016, with 31 billion barrels previously... 
SeaWorld Orlando Parks President Latest To Depart in Ongoing Management Shakeup

SeaWorld Orlando Parks President Latest To Depart in Ongoing Management Shakeup

After only seven months at the helm—and 20 years with the company—Mark Pauls is resigning from his position as president with SeaWorld Orlando and Aquatica theme parks.  This week, the Orlando-based SeaWorld Parks... 
Carnival Cruise Ships May Be Banned From Us Ports

Carnival Cruise Ships May Be Banned From Us Ports

Carnival cruise ships may be banned from docking at US ports. The company has been cited for violating the probation it has been on since April of 2017 for mishandling its cruise line ships’ audits and falsifying records,... 
Best Buy Names Corie Barry As Its New CEO; Joly To COB

Best Buy Names Corie Barry As Its New CEO; Joly To COB

Corrie Barry, who is currently the Chief Financial and Strategic Transformation Officer of Best Buy will become the company’s Chief Executive Officer on June 11, 2019, it was announced today.  Corrie will be the first... 
Amazon Releases A Kindle You Can Read In The Dark For Less than $100

Amazon Releases A Kindle You Can Read In The Dark For Less than $100

Amazon has added a new model to its basic Kindle e-reader line which will come with adjustable lighting and you won’t have to pay out more than a $100 for it. Yes, Amazon is offering this ‘all-new Kindle’ for... 
Disney Closes $71 Billion Deal For Fox Entertainment Assets

Disney Closes $71 Billion Deal For Fox Entertainment Assets

Disney has acquired Fox’s entertainment business for $71 billion, which will put under one corporate umbrella the likes of ‘Cinderella,’ ‘The Simpsons,’ ‘Star Wars’ and ‘Dr. Strange’ to name... 
Panic Among Suppliers as Amazon Purges To Boost Profits

Panic Among Suppliers as Amazon Purges To Boost Profits

There is growing panic among wholesale vendors that have supplied products to Amazon for years, as the company suddenly stops buying from them. Amazon’s action is its way of encouraging its suppliers to sell their products... 
Southwest Airlines Finally Gets FAA Approval To Fly To Hawaii

Southwest Airlines Finally Gets FAA Approval To Fly To Hawaii

Southwest Airlines proposal to add flights to Hawaii to its current schedule has been approved by the Federal Aviation administration (FAA) and will finally be on its way to the Aloha Sate. Yes, the FAA finally gave its approval... 
US Airlines Apply For Newly Released Landing Slots At Tokyo Haneda Airport

US Airlines Apply For Newly Released Landing Slots At Tokyo Haneda Airport

Tokyo is slated to host the 2020 Olympics and in anticipation of this prestigious event the local government has decided to open up international slots at the Tokyo Haneda Airport.   And this is causing US carriers... 
Levi Strauss Filing For Second Go At IPO

Levi Strauss Filing For Second Go At IPO

Picture this:  bankers wearing Levi’s jeans on Wall Street the day Levi Strauss & Co. announces its second go-around IPO! According to NPR, Levi Strauss & Co. will be one of the most high-profile IPOs of... 
Airline Companies Try To Outdo Each Other On Entertainment Offerings

Airline Companies Try To Outdo Each Other On Entertainment Offerings

Several of the nation’s largest airlines are competing for passenger business by trying to out do each other in its offerings of in-flight entertainment and passengers who love listening to music and watching TV and movies are... 
Apple Is Cracking Down On Apps That Secretly Record Your Screen

Apple Is Cracking Down On Apps That Secretly Record Your Screen

Recently, TechCrunch and The App Analyst revealed in a report that there are major app companies that use an analytics tool that will record a users every swipe and tap they make while using their apps. Apple, which has earned... 
General Electric Pays $1.5B To Resolve Subprime Loan Probe; Share Value Skyrockets

General Electric Pays $1.5B To Resolve Subprime Loan Probe; Share Value Skyrockets

It looks like General Electric Co is on track to have its best day in almost a decade as the company posted stronger-than-expected fourth quarter results on Thursday.  More importantly, this highest-single-day gain also... 
Amazon’s Minimum-Wage Hike Barely Makes Dent In Operating Costs

Amazon’s Minimum-Wage Hike Barely Makes Dent In Operating Costs

Last November Amazon increased its minimum wage for its hourly workers but according to its reported 2018 financial reports, it hardly made a difference in its operating expenses. Amazon increased wages from $10 to $15 in the... 
Shares Of SoftBank Mobile Unit Slide After Massive $18 Billion IPO

Shares Of SoftBank Mobile Unit Slide After Massive $18 Billion IPO

SoftBank Group Corp’s plan earlier this month for its initial public offering was to be 1500 yen or $13.22 per share or $21.15 billion which would have made it the largest IPO ever. SoftBank listed about one-third of the shares... 
Nexstar Is Set To Acquire Tribune Media For $4.1 Billion

Nexstar Is Set To Acquire Tribune Media For $4.1 Billion

In spite of one of the country’s largest broadcast media group, Sinclair, and its  unsuccessful bid to buy out Tribune Media, an American media consolidation could still take place whether you are for it or not. It... 
3 Lessons for Investors from Microsoft’s Impressive Turnaround

3 Lessons for Investors from Microsoft’s Impressive Turnaround

Microsoft is now known as the most valuable publicly traded company in the world since its market cap surpassed Apple’s according to the MSFT – Get , Report and AAPL – Get Report publications. Although Microsoft’s market... 
Nordstrom Shares Tumble After Credit Card Glitch, but Full Year Guidance Outlook Still Good

Nordstrom Shares Tumble After Credit Card Glitch, but Full Year Guidance Outlook Still Good

Shares of Nordstrom Inc plummeted as much as 16 percent in early trading on Friday after the release of their recent quarterly report. Unfortunately for the upscale retailer, the numbers are less than exciting, resulting in the company’s... 
General Electric Announces Long-Term Agreements With Subsidiary Baker Hughes In Order to Maximize Overall Value

General Electric Announces Long-Term Agreements With Subsidiary Baker Hughes In Order to Maximize Overall Value

General Electric and one of its subsidiaries, Baker Hughes, have announced that they are entering into a process to negotiate long-term agreements aimed at amending their commercial and technological relationships. The agreements they... 
E-Cigarette Company Juul Halts Retail Sales and Social Media Campaign To Discourage Underage Use

E-Cigarette Company Juul Halts Retail Sales and Social Media Campaign To Discourage Underage Use

Increasing scrutiny among industry critics, vape company Juul has announced its plan to end its sale of flavored e-cigarette pods to retailers.  The move is part of a strategy to reduce access of vaping products to underage consumers. ... 
Denholm, Tesla’s Pick for New Chairwoman:  Exactly What the Company Needs

Denholm, Tesla’s Pick for New Chairwoman: Exactly What the Company Needs

Analysts and experts told CNBC last Thursday that even if Robyn Denholm, Tesla’s newly appointed chairwoman may not be the most exciting pick, she will bring business expertise to Tesla’s board leadership and serve as a needed... 
Aldi Wine Advent Calendar Quickly Sells Out (But You Can Still Get it on Ebay, If you Are Willing to Pay For It)

Aldi Wine Advent Calendar Quickly Sells Out (But You Can Still Get it on Ebay, If you Are Willing to Pay For It)

Advent calendars are very popular this time of year. Well, this is the only time of year that you can enjoy an advent calendar, of course, since this is the Christian season of Advent. In case you are not aware, advent is the first... 
Zuckerburg Requested to Appear Before Canadian and British Parliaments

Zuckerburg Requested to Appear Before Canadian and British Parliaments

Facebook CEO Mark Zuckerburg was once again being asked earlier this month in a letter to appear before a hearing committee of Members of Parliament from Great Britain and Canada to testify and answer questions regarding Facebook’s... 
GM Offers Voluntary Buyout to 18,000 Salaried Employees in Cost-Cutting Scheme

GM Offers Voluntary Buyout to 18,000 Salaried Employees in Cost-Cutting Scheme

In a concerted effort to cut costs, General Motors has offered upwards of 18,000 voluntary buyouts to salaried employees with 12 years of experience (or more) in North American operations.  To put this in perspective, GM hired 17,000... 
Market Volatility Shakes US Stocks

Market Volatility Shakes US Stocks

Shares in US equities fell notably early this week as international markets continue to grow concerns about weak corporate earnings and, perhaps more importantly, escalating global tensions. For example, the Standard & Poors 500... 
Chipotle Shares Pop on Earnings Beat

Chipotle Shares Pop on Earnings Beat

More expensive burrito bowls and more orders on mobile devices helped Chipotle Mexican Grill to exceed expectations for earnings on Thursday despite the number of customers being less that entered its restaurants during its third quarter. During... 
Twitter Revenue Soars Despite Dropping 9 Million Users

Twitter Revenue Soars Despite Dropping 9 Million Users

Shares of social media micro-messaging app Twitter soared more than 17 percent this week, on the heels of the company reporting higher-than-expected earnings and revenue in Q3.  As a matter of fact, this is the fourth consecutive... 
Marlboro Maker Is Pulling Pod-Based Cigarettes From the US Market

Marlboro Maker Is Pulling Pod-Based Cigarettes From the US Market

Tobacco giant Altria Group—the parent company of Philip Morris USA, and the manufacturer of Marlboro brand cigarettes—has announced their plan to stop selling specific vaping products until federal US regulators address “the... 
US Stock Market Takes A Tumble After Investor Selling Frenzy

US Stock Market Takes A Tumble After Investor Selling Frenzy

The US stock market took a big tumble mid-week, hinging on both the Dow Jones Industrial Average and the Standard & Poors 500 closing in negative numbers.  This is a major development because both of these indices managed to hit... 
Procter & Gamble Faces Slow Growth from Stiff Competition

Procter & Gamble Faces Slow Growth from Stiff Competition

Procter & Gamble recently released a new report showing that quarterly earnings surpassed analyst’s expectations.  Of course, even with higher earnings, the slight revenue miss is probably not going to quell investors who are... 
US Stocks Tumble on Feeble Industrial and Tech Earnings

US Stocks Tumble on Feeble Industrial and Tech Earnings

Heading into the weekend, US stocks fell again, on the heels of investors continuing the sale of shares of technology and internet companies, as well as industrial firms and companies who rely heavily on consumer spending.  Looking...