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Monthly Archives: September 2018

Trump says 3,000 people did not die in Puerto Rico hurricanes

Zach Gibson | AFP | Getty Images President Donald Trump speaks to members of the media following a briefing on Hurricane Florence in the Oval Office at the White House September 11, 2018 in Washington, DC. President Donald Trump on Thursday disputed the most recent official death toll from hurricanes …

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Qualcomm targets $16 billion in first phase of share buyback

Patrick T. Fallon | Bloomberg | Getty Images Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada. U.S. chipmaker Qualcomm said on Thursday it would buy back about $16 billion of …

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Goldman cuts its Apple profit estimates

Justin Sullivan | Getty Images The new Apple iPhone XR is displayed during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California. Goldman Sachs is reducing its earnings forecast for Apple due to the smartphone maker’s new lineup of iPhones. The firm lowered …

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Walmart’s Jet.com compete with Amazon with 3-hour delivery in New York

Jet.com, the e-tailer owned by Walmart, is upping the competition against Amazon with a redesigned website, more merchandise, faster delivery and a slew of other upgrades. Traffic was waning on Jet.com, which Walmart purchased for $3.3 billion roughly two years ago. The site, unlike Walmart.com, primarily targets an affluent, younger …

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Global oil supply hits record despite Iran, Venezuela fallout 

Robert Nickelsberg/Liaison Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to …

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ECB will stick to its policy stance amid steady inflation 

Emmanuel Dunand | AFP | Getty Images European Central Bank President Mario Draghi attends an Eurogroup finance ministers meeting at the European Council in Brussels on May 24, 2018. The gist of this week’s meeting will be in press conference. Mainly three areas are expected to be of interest: Will …

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Goldman Sachs stock reaches longest losing streak since company’s IPO

Rumors of a slump in trading revenues have put pressure on the stock, according to CNBC’s Jim Cramer. “It’s really about time we heard about something else other than trading,” Cramer said on CNBC’s Fast Money Halftime Report Wednesday. “I think Goldman is ridiculously cheap, but I’m waiting for that …

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Stocks moving after hours: Pivotal Software, Progenics Pharmaceuticals

Michael Nagle | Bloomberg | Getty Images Pedestrians pass Pivotal Software Inc. signage displayed outside the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, U.S., on Friday, April 20, 2018.  Check out the companies making headlines after the bell: Pivotal Software shares tumbled …

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Nike’s Kaepernick ad drove away some customers but galvanized others

Angela Weiss | AFP | Getty Images A Nike Ad featuring American football quarterback Colin Kaepernick is on diplay September 8, 2018 in New York City. Nike’s recent advertising campaign featuring Colin Kaepernick caused overall public support to drop but galvanized the company’s core customer base, ESPN reported. In a …

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Marathon urges e.l.f Beauty to sell itself or cut costs: WSJ

Brendan McDermid | Reuters Tarang Amin (C), Chairman and CEO of cosmetics company e.l.f. Beauty Inc., rings the opening bell at the New York Stock Exchange (NYSE) to celebrate his company’s IPO in New York City, U.S. September 22, 2016.  Activist investor Marathon Partners Equity Management is planning to push …

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