Walmart is testing new dress codes in a small number of U.S. stores with the hopes that this more relaxed environment will help to reel in and retain staff in an increasingly tighter labor market. This means that workers will be allowed to wear shirts of any solid color, which marks a shift from its previous option of only having blue or white shirts, according to an employee manual obtained by Bloomberg News. Walmart adds that visible facial tattoos will be forbidden for those hired after April 14, according to the manual.
Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Muñoz Torres. The venture will focus on consumer media and artificial intelligence, according to the company’
The Bitcoin bulls didn’t get the memo on Wednesday, with Bitcoin only managing a 3.56% rise on day, partially reversing Monday and Tuesday’s losses, to end the day at $8,169.5. A morning rally saw Bitcoin break out from the 23.6% FIB Retracement Level of $7,996.57 to hit a morning $8,168.8 high, breaking through the first major support level of $8,098.87 before seeing a pullback to an early afternoon $7,907.4 to call on buyer support at the 23.6% FIB Retracement Level of $7,996.57. A late afternoon rally saw Bitcoin hit an intraday high $8,237.2, testing the day’s 1st major resistance level for a 2nd time and this time managing to hold on through to the day’s end.
Unsanitary conditions were found during multiple inspections of a Rose Acre Farms facility in Hyde County, N.C., that allowed for the “proliferation and spread of filth and pathogens throughout the facility that could cause the contamination of egg processing equipment and eggs,” according to a report from the U.S. Food and Drug Administration detailing inspections. A review of the farm’s pest control records flagged an ongoing rodent infestation, with rodents, dead carcasses and baby mice observed, along with workers who weren’t following proper sanitary practices.
On paper, most analysts will agree that Activision Blizzard, Inc. (NASDAQ:ATVI) is enjoying a solid start to this year. Against the January opener, ATVI stock has gained nearly 9%. Despite Activision’s immense reputation in delivering the most compelling first-person shooter games, another company has unexpectedly taken its throne.
Big tobacco is still looking for a savior, if Philip Morris International Inc. is any guide. Shares in the cigarette giant plunged as much as 18 percent after its latest earnings report showed that $4.5 billion spent on four new products are failing to win over new customers. Sales growth of the iQos, a device that heats a tobacco plug without setting it on fire, has been slowing after initial success in Japan. Philip Morris, which sells Marlboros outside the U.S., reported revenue excluding excise taxes of $6.9 billion, less than the $7.03 billion projected by analysts in a Bloomberg survey. The share decline, to as low as $83.50, was the biggest since the company split from Altria Inc. in 2008.
Investors in Facebook, Inc. FB need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Kraken co-founder and CEO Jesse Powell says the cryptocurrency exchange will not comply with the New York attorney general's request for information.
The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil Corp. paid its CEO.Ellis’s pay included an equity grant worth $58 million,
Amazon CEO Jeff Bezos’s annual shareholder letter, released on Wednesday evening, included an unexpected reveal. Your first question might be to wonder how that number compares to other subscription services for streaming content. To be sure, these are not apples-to-apples comparisons, since Prime is not only for video—in fact, it’s likely that the vast majority of Prime members pay for the service to get the shipping benefits, not for Prime Video.
Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones. TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast. "Apple represents nearly 20 percent of TSMC's revenue so the outlook potentially points to weaker-than-anticipated iPhone demand," Atlantic Equities analyst James Cordwell told Reuters.
Shares of General Electric GE surged nearly 2% in early morning trading Thursday, just one day before the embattled conglomerate is scheduled to release its latest quarterly earnings report. Investors will want to pay close attention to GE’s results on Friday morning as the iconic brand looks to rebuild confidence from the market. Earnings growth is expected to be strong throughout the Q1 report season, but the tone surrounding General Electric is concern—not optimism.
Philip Morris International Inc. led a sell-off in tobacco companies in the U.S. and London after its first-quarter revenue trailed analysts’ estimates. The stock plunged the most on record, pushing shares of competitors including Imperial Brands Plc, Altria Group Inc. and British American Tobacco Plc deeper into negative territory for 2018. The latest results from the maker of Marlboro and other top cigarette brands underscored the struggle the industry has had shifting to new products as global smoking rates decline.
CNBC's Morgan Brennan talks with Blue Origin CEO Bob Smith about the company's new engine for it's latest suborbital rocket and new opportunities in space exploration.
Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? Check back here for a semi-live look at the volatile markets from Barron's reporters. 3:45 p.m. We're used to the market selling off during the last hour of the day, so imagine out surprise when we looked over at our chart of the Dow Jones Industrial Average and saw instead a sudden spike. We knew something was up, and indeed it was. According to Bloomberg, Deputy Attorney General Rod Rosenstein told President Donald Trump that Special Counsel Robert Mueller isn't targeting him when the two met last week. The market sure likes the sound of that. The Dow Jones Industrial Average, which had been
NEW YORK/LONDON (Reuters) - Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan's Takeda Pharmaceutical Co Ltd , while Allergan Plc reversed course on pursuing a rival bid. An acquisition of Shire by Takeda would be by far the biggest acquisition of a drug company year-to-date. Botox-maker Allergan confirmed on Thursday it was considering an offer for Shire after Reuters reported on its interest, sending its shares down 7 percent.
By Olof Swahnberg and Eric Auchard STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE. ZTE has snatched market share in Europe and the Americas, growing four times faster in those markets last year than it did its home market and acting as a drag on contract pricing and revenue growth for Ericsson and Nokia.
Kushner Cos. has received a federal grand-jury subpoena as part of an investigation being conducted by the U.S. attorney's office in the Eastern District of New York, The Wall Street Journal reported Thursday. White House advisor Jared Kushner was chief executive of the company prior to his role in the Trump administration. The Journal reported that the subpoena came after an Associated Press story which alleged that Kushner Cos. had filed documents stating it had no rent-controlled tenants, when it actually has hundreds. In response to the AP report, Kushner Cos. said its documents were prepared by a third party and that it works to correct any mistakes or violations as soon as they are identified.
Qualcomm Inc. will cut 1,500 jobs in California, the majority at the chipmaker’s San Diego headquarters, according to documents filed with the state. Some 1,231 positions will be eliminated in San Diego with terminations starting about June 19, the company said in a WARN, or Worker Adjustment and Retraining Notification, notice. The largest maker of smartphone chips pledged in January that it would slash $1 billion in expenses to improve earnings, part of its efforts to fight off a hostile takeover bid from rival Broadcom Inc. Qualcomm’s management team now must live up to its vow and work to solve other problems that have hampered revenue and profit growth.
Before news broke that it had improperly obtained millions of Facebook users' data and undercover videos showed executives listing entrapment among the nefarious ways it could halt political opponents, Cambridge Analytica was reportedly working on a digital currency. A Cambridge Analytica spokesperson didn't discuss the ICO but did tell Reuters, "Prior to the Facebook controversy, we were developing a suite of technologies to help individuals reclaim their personal data from corporate entities and to have full transparency and control over how their personal data are used.
Micron Technology, Inc.(NASDAQ:MU) beat earnings expectations last month and closed at $61.07 on March 21, just off 52-week high of $63.42. Since then, Micron stock has retreated, and the stock now sits at $48.46 per share. Micron stock has more than doubled since December 2016.
Here are the stock trades for tomorrow catching our eye as we prepare for Thursday’s trading session. As a result, SQ stock is moving higher and powerfully pushed through $50. The market (as if on queue) flushed out a number of traders by plunging MU stock down to $48, running stop-loss orders all along the way.
Shares of several major semiconductor industry stocks were down in early morning trading Wednesday after the latest quarterly earnings reports from equipment suppliers ASML Holding ASML and Lam Research LRCX caused hesitation.Nevertheless, there were
Other industry players are falling today as well on the news as investors ruminate on an uncertain future for tobacco. U.S. Marlboro producer Altria (MO) is down over 7% and British American Tobacco (BTI) – owner of R.J Reynolds – is down almost 6%. Philip Morris has missed the Zacks Composite Earnings estimate in each of the last 4 quarters due to regulation, increased taxation and an overall decline in demand for tobacco products.