Wall Street bulls are looking a little bit tired after stocks scored their longest record-setting streak in a quarter century. Stock futures are signaling slight losses at the open as investors get data on initial jobless claims and more earnings news.
Here are some of the other stories the Yahoo Finance team is covering for you today.
Trump’s pick for Labor flames out
Another blow to the Trump administration: the withdrawal of Andy Puzder, the president’s pick to run the Labor Department. Puzder’s decision to bow out came after mounting opposition from Republican Senators after revelations that Puzder failed to pay taxes for an undocumented housekeeper and other controversies involving his personal life. Who will fill this post?
Snap and Canada Goose IPO buzz
Media reports say Snapchat parent Snap will value itself between $19.5 billion and $22.2 billion in a deal expected next month. That equates to $14 to $16 a share. Meanwhile, Canada Goose has filed for an IPO that that some reports say will value the company at about $2 billion. Is the IPO market back on solid ground after a bad 2016?
Starbucks serves up ice cream
We’ve learned that Starbucks (SBUX) is testing affogato—a scoop of ice cream “drowned” in espresso—in 10 Reserve coffee bars and 100 Starbucks stores around Orange County, California. How does this move fit into the chain’s growth strategy? And why now?
