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Monthly Archives: July 2018

PepsiCo downgraded by Deutsche Bank due to rising ‘cost inflation’

Pradeep Gaur | Hindustan Times | Getty Images  Indra Nooyi, Chairman and CEO of Pepsico, photographed at Adasia 2011. (Photo by Pradeep Gaur/Mint via Getty Images) PepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to …

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equifax data breach boosts cybersecurity stocks

Andrew Harrer | Bloomberg | Getty Images An Equifax Inc. slide is displayed on a monitor during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, Oct. 25, 2017. As the rest of the stock market has struggled on heightened trade rhetoric and many big technology companies have …

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Oil tops $75 for first time since 2014 and then rolls over

U.S. crude fell suddenly and sharply in mid-morning trade on Tuesday, after briefly topping $75 a barrel for the first time since November 2014 The American benchmark broke through the threshold as the market grew increasingly concerned about a shortage of oil amid supply disruptions in Libya and Canada and …

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Trump knocks Harley-Davidson again, says administration working with other motorcycle companies

Jonathan Ernst | Reuters President Donald Trump meets with representatives of Harley-Davidson, including CEO Matthew Levatich (R), at the White House in Washington, U.S. February 2, 2017. President Donald Trump is blasting Harley-Davidson again for announcing it’s shifting some operations overseas in the wake of retaliatory EU tariffs against U.S. …

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Morgan Stanley hikes oil price forecast to $85 as Trump targets Iran

Oil prices will rise more than previously expected in the second half of 2018, as the Trump administration aims to wipe out Iranian crude exports by November, Morgan Stanley forecasts. The tougher-than-anticipated U.S. policy means Iran’s production could fall by 1.1 million barrels per day (bpd) at a time of …

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Americans want Supreme Court to uphold Roe v. Wade abortion ruling

Mark Wilson | Getty Images WASHINGTON – JANUARY 22: Pro-choice advocates participate in protest in front of the U.S. Supreme Court building January 22, 2010 in Washington, DC. Activists from across the nation gathered to commemorate the 37th anniversary of the Roe v. Wade Supreme Court decision, which decriminalized abortion …

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How to find every iPhone app you’ve ever purchased

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. There’s an easy way to find every Apple iPhone app you’ve ever downloaded or paid for. This …

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Roku shares jump on Oppenheimer upgrade

Luke Sharrett | Bloomberg | Getty Images A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S.,  Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. …

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Trump to withdraw Obama-era guidelines on considering race in college admissions: Report

Carlos Barria | Reuters President Donald Trump participates in the signing ceremony for the “VA (Veterans Affairs) Mission Act of 2018” in the Rose Garden of the White House in Washington, U.S., June 6, 2018. President Donald Trump will withdraw Obama-era policy documents on Tuesday that encouraged the consideration of …

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Etihad Aviation Group announces a new organizational structure 

Natalie Naccache | Bloomberg | Getty Images An attendee at the Dubai Air Show enters an aircraft on Nov. 13, 2017, in Dubai, United Arab Emirates. United Arab Emirates aviation giant Etihad has announced a shake-up of its organization. From Tuesday, the Etihad Aviation Group is to be divided into …

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