The backlash that the IRS is unfairly targeing conservative political groups is growing, reports CNBC's John Harwood.
Amazon plans to make thousands of job offers in just one day as it holds a giant job fair next week at nearly a dozen warehouses across the U.S. Most of these jobs will count toward Amazon's previously announced goal of adding 100,000 full-time workers by the middle of next year. The hiring spree is yet another sign of Amazon's massive growth at a time when traditional retailers are closing stores and cutting jobs.
If you like your Coke Zero exactly the way it is now, it might be time to start stockpiling it. On Wednesday, Coca-Cola announced plans to stop selling Coke Zero in the US in August, replacing it with a beverage with a different recipe, design, and name: Coke Zero Sugar. "It is a reinvention of Coke Zero," CEO James Quincey said in a call with investors.
(McDonald's CEO is preparing the fast-food chain for disruption.Facebook/McDonald's) The restaurant industry is ripe for radical disruption — and McDonald's CEO Steve Easterbrook says the fast-food company is ready to lead the way. Easterbrook says
“The people I care most about are the middle-income people in this country, who have gotten screwed,” Mr Trump told The Wall Street Journal in an interview on Tuesday. Echoing some of the populist themes from his presidential campaign, Mr Trump said it was necessary to boost economic growth and ease the tax burden on middle-class families. Mr Trump’s aides are working with top Republican lawmakers on rewriting the tax code for the first time in 30 years, the newspaper reported.
The German grocery chain Lidl just notched its first win in a legal battle with Kroger. A federal judge on Tuesday denied Kroger's request to force Lidl to stop selling items under its "Preferred Selection" brand.
Western Digital bulls are hoping the divergence in share price between the two companies continues when it reports its own quarterly earnings report on Thursday after the market close. Western Digital shares initially sold off this week on Seagate’s tough quarter, but the stock quickly found buyers and finished Tuesday’s session down less than 1 percent on the day. The previous correlation between the two stocks and the recent divergence that began following Seagate’s disappointing fiscal third quarter earnings report in April can be seen in the chart below.
Facebook Inc (ticker: FB) reported second-quarter earnings after the bell on Wednesday, and results blew Wall Street's already high expectations out of the water. Despite the company beating estimates on both the top- and bottom-line, FB stock immediately dropped more than 3 percent in after-hours trading before rebounding to trade roughly unchanged. The ho-hum price action is a change of pace for Facebook shareholders, who had watched shares gain more than 40 percent year-to-date until the Q2 report.
Want to work for Amazon? If you're down to sling packing tape and stuff plastic air bladders into boxes, the company has a job for you. In what it's calling "the nation's largest job fair," Amazon will gear up 10 of its huge warehouses nationwide to lure potential employees. It starts at 8 a.m. sharp on August 2, aka "Boxing Day." The company makes clear that the jobs are all about the pack-n-ship. "Amazon is hiring for tens of thousands of full-time opportunities at its fulfillment centers across the US for employees who will pick, pack and ship customer orders," it said in a statement Wednesday. Lest the unglamorous life of slapping "Prime Alexa Amazon Music Unlimited" tape on cardboard boxes
When Gilead Sciences, Inc. (NASDAQ: GILD) reported its first-quarter results earlier this year, everyone expected sales for the biotech's hepatitis C franchise to be way down. The primary good news was that Gilead's HIV drug sales were up, although not nearly enough to offset the hep C decline. Gilead provided an update on its second-quarter performance after the market closed on Wednesday.
It's time to check out the charts... The rally in Nvidia (NVDA) began in April last year and the stock has gone on to a 386% gain since then, but there's another stock in the graphics and artificial intelligence semiconductor space that has done even better. Advanced Micro Devices (AMD) is up 408% in the last 16 months and is retesting its all-time highs as the company is set to report earnings after the close of trading Tuesday. The price action on the daily chart and the technical indications suggest a potential 17% move higher from its current level. Looking to make a move on Nvidia? Jim Cramer shares when the stock is a buy: The $15.00 area has supplied resistance for the last six months
AT&T’s pay-TV business continues to sink, as the telco lost a record 351,000 traditional video customers in the second quarter — with the internet-delivered DirecTV Now over-the-top service failing to fully offset the losses. Meanwhile, AT&T’s $85 billion bid to acquire Time Warner is still on track to close by the end of 2017, according to CFO John Stephens. The deal is currently being reviewed by the Department of Justice, he said on AT&T’s earnings call Tuesday.
Tesla's (TSLA) stock has always been driven by the opposing forces of hope and reality. When the market can focus on the future--and lets its imagination run wild--Tesla's shares often gain. But as soon as reality sets in, its shares often fall. Those forces should be in play during the next week of trading, as Tesla will stage a Model 3 launch on Friday--one that should focus on the potential for mass uptake--and then report earnings on August 2. Baird analyst Ben Kallo tries to "thread the needle" on Tesla: Our updated Q2 estimates are below consensus on gross margin and the bottom line. We think shares could move higher ahead of the Model 3 event on Friday, but potentially fall on Q2 results
Olivia de Havilland wants to take FX to trial before her 102nd birthday. She's asking the court to expedite her lawsuit against the network over her portrayal in 'Feud: Bette and Joan.'
In a note accompanying his price-target boost, Greenfield heaped praise upon the company, which surged 14% in a single day last week after its quarterly earnings report showed subscriber growth that destroyed expectations. The company is "hitting escape velocity," he wrote in a client note.
Despite overcoming a whopping $23 billion in branded patent expirations over the course of 2011 to 2016 and returning to growth on an operational basis, Wall Street thinks Pfizer (NYSE:PFE) still has a lot more to work to do. The basic issue is that Pfizer is barreling toward another round of high-value patent expirations. Compounding matters, sales of Pfizer's pneumococcal vaccine Prevnar 13 have been flattening in recent quarters, and the drugmaker's foray into the next-generation cholesterol market ended in disappointment after the company shuttered its bococizumab program last year. After all, Pfizer could conceivably go after big game such as AstraZeneca (NYSE:AZN) and Bristol-Myers Squibb (NYSE:BMY), based on its enormous financial resources.
The company is due to announce earnings after the market closes July 27, and the top line is expected to come in at $37.2 billion, up 23% from a year ago, with net income of $1.40 per share and hints of more. If the future for Amazon stock looked any better it would have to wear shades. Analyst Scott Cleland says Amazon is behaving like a monopolist and he predicts its acquisition of Whole Foods Market, Inc. (NASDAQ:WFM) will attract “serious antitrust scrutiny.” One Congressman has called for hearings. Amazon bulls are holding their ears against potential bad news today just as bears ignored good news four years ago.
United Auto Workers President Dennis Williams said the union is working with General Motors (GM) to avoid layoffs as U.S. auto sales slump, AutoBlog reported. GM is considering producing more trucks and SUVs while killing off six slow-selling models produced at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio. It's unclear if the plants will start producing newer, more popular models. Watch: Are you driving one of GM's most popular crossovers? GM has cut shifts at several of its U.S. plants as inventories of small and midsized cars grow. If GM stopped producing the six models under consideration, it wouldn't happen until 2020. The models at risk are the Chevrolet Volt,
Targeting government regulations, the Republican-led House on Tuesday voted to nullify a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The Consumer Financial Protection Bureau finalized the rule just two weeks ago. It bans most type of mandatory arbitration clauses, which are often found in the fine print of contracts governing the terms of millions of credit card and checking accounts.
Prince William, Princess Kate and Prince Harry are looking to hire a qualified individual to work for them and took to LinkedIn to discover the best candidate. The mid- to senior-level position will require the candidate to work in Kensington Palace, which is a royal residence in London that holds great historical significance. The palace contains the offices and housing of the Duke of Cambridge, Duchess of Cambridge and Prince Harry, alongside other royal leaders.
With this investment, you’re tapping into the momentum of the marketSolidxSnake13224Ace in the hole: iShares Edge MSCI USA Momentum Factor ETF.(MTUM)DMAMBMCMDMEMGPREVIEWZBZDZQZRZSZTZUI have been flooded with emails from investors who are asking: If they
Las Vegas Sands Corp. (LVS) just released its second quarter fiscal 2017 financial results, posting earnings of $0.73 per share and revenues of $3.14 billion. Currently, LVS is a Zacks Rank #2 (Buy) and is up 1.38% to $62.50 per share in trading shortly
Shares of fiber giant Corning (GLW) are down $1.83, or 6%,a t $30.30, after the company this morning reported Q2 revenue and profit that topped expectations, and said it sees a “low single-digit” growth for the market for glass for TV and computer displays this quarter. The focus of analysts today is on the market for Corning’s “Gorilla Glass” cover glass, with Samsung Electronics (005930KS), and supposedly Apple (AAPL), moving to using glass on the back of a mobile device not just the front. Guggenheim & Co.’s Robert Cihra, who has a Buy on the stock, notes that the “specialty materials” division, which includes Gorilla Glass, saw a 27% rise, to $337 million, topping his own $311 million estimate.
Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks. Ford's new CEO Jim Hackett called it "a solid performance" but said the company still needs to get much more fit and nimble. "We know we're going to be quicker and more purposeful in our decisions about where to play and how to win," Hackett told analysts and media in his first earnings call since he became Ford's CEO.
The CBOE Volatility Index (STOXX: .VIX) dropped to its lowest level since December 1993 on Tuesday, and history shows it could mark a tremendous buying opportunity for stocks. According to Brian Stutland of Equity Armor Investments, the so-called fear index has only closed below the 10 level on 24 trading days in history, with 15 of those days occurring in the last three months.