Chipotle (CMG) may have finally removed preservatives from all of its food, but investors should be wary of the company that once served up E. Coli to 60 burrito-hungry customers. "We have always used high quality ingredients and prepared them using classic cooking techniques," Chipotle Founder and CEO Steve Ells said in a statement Tuesday highlighting the chain removing preservatives from its tortillas. Ells may want to consider refraining from dissing rival fast food chains until Chipotle stabilizes its own business. While Wedbush analyst Nick Setyan views Chipotle going "clean" with its food as a way to "get them back on the right path," he told TheStreet that challenges still lie ahead for the company.
If President Trump really intends to build his border wall, spend tens of billions more on the military, slash social safety net spending, and enact any number of his other campaign promises in his first term, he had better hurry up. While it may seem alarmist to talk about a President running out of time when he’s only been in office for a little more than two months, a combination of factors, including Trump’s own unpopularity, the composition of the House Republican conference, and the changing face of the electorate might dramatically limit the new president’s influence with lawmakers in his first term. If history is any guide, the Republicans will lose seats in the House in the 2018 mid-term election.
Discount footwear chain Payless ShoeSource is allegedly planning to file for bankruptcy protection under Chapter 11 as soon as next week, and plans to close 400 to 500 stores, according to a report Wednesday morning by Bloomberg. In February, it was reported that Payless would close 1,000 stores, and, in January, the company announced the elimination of 150 employees. Facing $650 million in debt, Payless, which was taken private by private equity firms Golden Gate Private Equity and Blum Capital Partners in a 2012, $2 billion buyout of parent company Collective Brands, is increasingly facing a grim outlook.
Nearly 6 in 10 Americans disapprove of the job Donald Trump is doing as president, according to a new Associated Press-NORC poll. And while the survey does find a potential bright spot, it also reveals his handling of health care isn't helping. (March 30)
The common age for retirement used to be 65, but times have changed. With the shift from defined-benefit plans to defined-contribution plans – and many savings programs not producing projected returns – individuals may need to postpone the date they start to receive Social Security and other retirement benefits. If your employer's policy is to offer retirement at age 65, consider whether you are really ready to retire from a psychological and financial perspective.
In a 2016 report, Pew Research Center details exactly how much you need to earn to qualify as middle class. (Though income is just one part of class, it's a crucial element and one that's easy to measure and track.) Here's the national middle-income range
Building wealth takes years of smart decisions, both professionally and financially. But according to according to one man who interviewed hundreds of self-made millionaires, getting rich also means keeping certain lifestyle habits. Tom Corley, an accountant and financial planner, surveyed 233 wealthy individuals, mostly self-made millionaires, on their daily habits. He compared those answers to responses from 128 lower-earning individuals, or those with less than $35,000 in annual gross income. In his best-selling book "Change Your Habits, Change Your Life," Corley explains that wealthy people set themselves up for success in a few specific ways. Here are the habits they have in common: 1. They
Are your hardware device drivers up to date? Outdated drivers can slow down performance and in some cases can cause reliability problems, including crashes. Microsoft delivers some hardware drivers directly, installing them through Windows Update to replace a generic driver after you do a clean install, for example. Those drivers are certified using the Windows Hardware Certification Kit. In addition, you can often download the latest drivers directly from the manufacturer of a device. Your starting point for all driver-related activity is the Windows 10 Device Manager (Devmgmt.msc). To open this tool, use its shortcut on the Quick Link menu, which you can access by right-clicking Start or by
Media reports suggest that U.S. telecom behemoth AT&T Inc. T is planning to end support for parts of its long-standing U-verse brand by the end of May. The brand consists of fiber-based triple-play video (TV), voice (telephony) and high-speed broadband
Ford Motor Co , the second largest U.S. automaker, on Wednesday announced two new recalls affecting 440,000 vehicles and expects to spend about $295 million to fix the issues. Ford said it has reports of 29 fires but no injuries. Ford said the cost of the recalls were included in its updated earnings guidance issued last week.
A simple way to up your savings and build more wealth is to spend less. And chances are, you can find areas to cut back in. Start by considering these 13 money sucks. ATM fees It'll cost you a record high of $4.57 to withdraw money from an out-of-network ATM. There's no reason to continue paying these fees, which can add up significantly over time. A simple solution: If your bank's logo isn't on the ATM, don't use it. If you use one of the traditional, bigger banks, there should be ATM options in your area. Simply look up the locations online and put in the extra effort to get to one of your bank's ATMs. If there aren't any convenient ATM options in your city or town, you may want to consider
Samsung's new S8 smartphone competes with Apple's iPhone and LG's G Series. It's Samsung's first phone launch since the Galaxy Note 7 recall. Consumer Reports checks out the S8 and S8+, which both feature a curved display similar to the S7 edge.
It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Halliburton: "I like Halliburton's analyst data. They were good. My charitable trust owns Schlumberger. I think that's even better." Noble Energy Inc.: "Noble's good. Noble's good. It's a very well-run, very conservative company. [It] should do well in this environment with oil down in the mid-$40s. It will make money. It's starting to turn up right here." Himax Technologies: "Look, that area is so red-hot. You saw the Exar deal today. It's a Taiwanese company. I say it's fine. I'm not going to jump up and down. I actually think Cypress is better right here, CY.
WILMINGTON, DEL./TOKYO (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp , filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. The bankruptcy casts doubt on the future of the first new U.S. nuclear power plants in three decades, which were scheduled to begin producing power as soon as this week, but are now years behind schedule. The four reactors are part of two projects known as V.C. Summer in South Carolina, which is majority owned by SCANA Corp , and Vogtle in Georgia, which is owned by a group of utilities led by Southern Co .
Valeant paid its new CEO Joe Papa a fat paycheck worth nearly $63 million in 2016, according to the company’s recently disclosed proxy statement. On the surface, Papa seems to have gotten an extraordinarily generous deal to turn around the beleaguered drug company: Not only is his salary more than twice what it was when he was CEO of Perrigo , a company nearly three times as valuable as Valeant , it’s also especially good considering Valeant’s stock price has fallen nearly 67% since he took over. Papa doesn’t actually get to keep the vast majority of that money unless he pulls off a truly heroic feat with Valeant’s stock price, a maneuver so seemingly impossible that the accomplishment would not only make him a darling on Wall Street, but it could put him in the hall of fame of corporate turnaround artists.
House Speaker Paul Ryan (R-WI) and Senate Majority Leader Mitch McConnell (R-KY) decided late last year to postpone final action on more than $1 trillion of discretionary spending for the 2017 fiscal year that runs through Sept. 30 in order to give the newly elected president an opportunity to put his stamp on spending priorities. Sen. Roy Blunt (R-MO), a senior member of the Appropriations Committee, told reporters Tuesday afternoon that Trump’s supplemental funding request will have to wait until later this year, when Congress turns to spending for fiscal 2018.
Phillips 66 Partners (NYSE:PSXP) is in the midst of an ambitious growth plan. The company intends to increase its EBITDA (earnings before interest, taxes, depreciation, and amortization) up to an annual run rate of $1.1 billion by the end of next year, which will support its ability to deliver 30% compound annual distribution growth from the end of 2013 through the end of next year. While the company has already made tremendous progress on that ambitious growth plan, it still has a long way to grow given its current EBITDA run rate of $625 million. That gap between its earnings and goal suggest that the company will likely need to complete several drop-down transactions with Phillips 66 (NYSE:PSX),
Samsung on Wednesday unveiled its new Galaxy S8 smartphones, incorporating the virtual assistant Bixby, as the market leader seeks to rebound from a chaotic handset recall and a corruption scandal. Fitted with screens of 5.8 and 6.2 inches, the two handsets include Samsung's upgraded digital assistant Bixby, competing in a crowded field that includes Apple's Siri, Google Assistant and Amazon Alexa.
A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn’t allow the companies to recapitalize without congressional approval. Letting the U.S.-controlled mortgage giants build capital buffers would hurt legislative efforts to overhaul the housing-finance system, the senators said in a letter Wednesday. The letter to Watt, who is director of the Federal Housing Finance Agency, was signed by Republicans Bob Corker of Tennessee and Thom Tillis of North Carolina, as well as Democrats Mark Warner of Virginia, Heidi Heitkamp of North Dakota and Jon Tester of Montana.
The backlog of drilled but uncompleted wells (DUCs) grew dramatically beginning in 2014, as low oil prices forced drillers to hold off on completion in hopes of higher prices at a later date. The surge in DUCs created an enormous backlog of wells awaiting completion. This “fracklog” loomed over the oil market, threatening to derail any sign of an oil price recovery.
A woman believed to have driven three burglars to an Oklahoma home where they were shot to death during a suspected home invasion has been arrested on murder and robbery warrants but the homeowner's son who shot them has not been arrested while police investigate whether he acted in self-defense under the state's "Stand Your Ground" law. Wagoner County Deputy Nick Mahoney said Tuesday that Elizabeth Marie Rodriguez, 21, of Oologah was arrested on three first-degree murder and three first-degree burglary warrants and was jailed without bond after going to police and saying she had information about the shooting at a home just east of the Tulsa suburb of Broken Arrow. "It was determined she had driven these individuals to the house and dropped them off with the intent to burglarize the residence," Mahoney said. Oklahoma law allows a person to be charged with murder if they take part in a crime in which people are killed, even if the person does not take part in the slaying.
Chinese President Xi Jinping will meet with President Donald Trump the first full week of April, a senior State Department official said Tuesday. The first in-person encounter between the leaders comes after Trump sharply criticized China during the presidential campaign. It's unclear if Trump will follow on either threat while seeking China's cooperation on North Korea.
Sixty-two percent of Americans turned thumbs down on Trump's handling of health care during the initial weeks of his presidency, according to a poll by The Associated Press-NORC Center for Public Affairs Research released Wednesday. It was his worst rating among seven issues the poll tested, including the economy, foreign policy and immigration. Of six changes the failed House GOP bill would have made to President Barack Obama's law, five drew more negative than positive reviews.
If you receive a call that starts with this seemingly innocent question, hang up immediately, the Federal Communications Commission warns. "If you receive this type of call, immediately hang up," the FCC said in a consumer advisory note issued Monday. "If you have already responded to this type of call, review all of your statements such as those from your bank, credit card lender, or telephone company for unauthorized charges.
Enbridge Inc. ENB has become one of the largest energy companies in North America following its acquisition of Spectra Energy. Under the terms of the all-stock buyout, Enbridge gained 57% ownership of the merged entity while the remaining 43% is to be held by Spectra shareholders. The $126 billion merger brings together Enbridge’s liquid-weighted midstream assets from Western Canada and the U.S Midwest and Spectra's network of primarily gas-related midstream assets.