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Monthly Archives: September 2018

Secret Service order Harley Davidson motorcycle despite Trump boycott 

Drew Angerer | Getty Images News | Getty Images President Donald Trump and Vice President Mike Pence walk together on their way to greet Harley Davidson executives on the South Lawn of the White House, February 2, 2017 in Washington, DC.   Less than a month after President Donald Trump called …

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Alzheimer’s disease, dementia cases to double by 2060

Saul Loeb | AFP | Getty Images Police block off roads after an unidentified assailant opened fire at a warehouse complex September 20, 2018 in Aberdeen, Maryland, killing and wounding multiple people, authorities said. The number of people projected to have Alzheimer’s disease or dementia in the United States is …

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Facebook to drop on-site support for political campaigns

Marcio Jose Sanchez | AP Facebook CEO Mark Zuckerberg makes the keynote address at F8, Facebook’s developer conference, Tuesday, May 1, 2018, in San Jose, Calif. Facebook said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as …

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Wall Street is worried about a memory chip downturn as Micron falls

Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares are down 4.2 percent in Friday’s premarket session, a day after it gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate November quarter sales of between $7.9 billion and …

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‘Trading near all-time low valuations’

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T UBS raised its rating of AT&T to buy from neutral on Thursday, citing a coming turnaround in the company’s operating performance and “an overly negative outlook” on AT&T shares, the firm said. “We believe the stock is trading …

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Wells Fargo plans thousands of job cuts as JP Morgan and other banks boom

Thanks to “widespread consumer abuses,” the Federal Reserve has limited Wells Fargo from growing in assets, which has stymied loan growth. As a result, Wells Fargo is the only bank that hasn’t significantly improved earnings after the administration’s tax cut, according to Peabody. This comes despite a U.S. economy that …

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Medtronic to acquire Mazor in $1.64 billion deal 

David Maung | Bloomberg | Getty Images An employee uses a microscope at the Medtronic assembly plant in Tijuana, Mexico. Medical equipment company Medtronic will acquire Israel-based Mazor Robotics for about $1.64 billion in an all-cash deal, or $1.34 billion net of Medtronic’s existing stake in Mazor, the companies said …

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Micron tumbles after CFO says Trump tariffs will hit gross margins

Matthew Staver | Bloomberg | Getty Images The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Micron Technology shares fell more than 6 percent in after-hours trading Thursday after CFO David Zinsner said that the semiconductor company’s gross margins would suffer due to President Donald Trump’s latest …

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Pot stocks feel like bitcoin last year

Former Goldman Sachs macro trader Michael Novogratz sees a lot in common with the cannabis craze and last year’s record-setting crypto gains. For that reason, he’s betting against it. “The prices of cannabis stocks today feel like bitcoin and ethereum did in December of last year,” Novogratz, a closely bitcoin …

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Wells Fargo plans to cut up to 10% of workforce in the next 3 years

Susan Walsh | AP Wells Fargo Chief Executive Officer and President Timothy Sloan testifies before the Senate Committee on Banking, Housing and Urban Affairs on Capitol Hill in Washington, Tuesday, Oct. 3, 2017, during a hearing on Wells Fargo after one year. Wells Fargo, the third-biggest U.S. bank, plans to …

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