As investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.Read More »
Don't mistake the the market "action" for actual action, especially during the month of August, Jim Cramer told his Mad Money viewers Monday. Sometimes, nothing happens, but the market still tries to make sense of it. There was no real news to move stocks today, Cramer said, yet as soon as FANG (his acronym for Facebook (FB) , Amazon.com (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) ) began to decline, the pundits were quick to write the obituaries. But just as they have so many time before, FANG quickly rose from the dead, once again proving the pundits dead wrong. August is always a wild month, Cramer reminded viewers. Big declines can happen at any time and for any reason, and sometimes for
Salesforce.com Inc. went on a buying spree last year, and the resulting products should be on full display this week ahead of the cloud-software pioneer’s big annual party. When Salesforce CRM, +1.10% reports earnings for the second quarter of its 2018 fiscal year on Tuesday after the market closes, it will likely focus on the two stars that emerged from its acquisition spurt, Commerce Cloud and Einstein. The retail platform and AI-powered assistant were prominent in Chief Executive Marc Benioff’s Dreamforce keynote address last year, and he is expected to again praise the offerings before the gigantic conference hits San Francisco again in early November. “Based on strong demand indicators
Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting thousands of workers out of jobs. The U.S. company said it was "compelled" to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. Vikram Bakshi, managing director of CPRL, told Reuters the decision came as a "big shock" and the company was studying all its legal options.