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Monthly Archives: October 2019

Best run in decades, but may be ‘stretched’

It’s a party in the pantry. A handful of top consumer staples stocks are having a banner year, with better year-to-date gains in 2019 than they’ve seen for decades. They include: PepsiCo, up 24%, its best year since 2000; Costco, up 49%, its best year since 1998; Procter & Gamble, …

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Here’s where the millennial millionaires live around the US

There are approximately 618,000 “millennial millionaires” — those with a net worth of over $1 million — in the United States, according to a 2019 report from Coldwell Banker Global Luxury and WealthEngine, which defines millennials as those born between 1982 and 1996, or ages 23 to 37 in 2019. …

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Boris Johnson’s deal faces narrow defeat on Saturday

British Prime Minister Boris Johnson has insisted that he is “very confident” the House of Commons will support his Brexit deal on Saturday, in what is widely expected to be a historic knife-edge vote. The former London mayor secured a draft Brexit deal with the European Union on Thursday, following …

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China’s pork shortage could give US farmers a chance to cash in

Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become …

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Stock market outlook Friday: American Express, Coke earnings

A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images Here are the most important things to know about Friday before you hit the door. 1. Earnings off to a strong start: Will …

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Digital bank Chime goes dark for millions of customers

Chris Britt, CEO, Chime Source: Chime Chime, the leading branchless bank in the U.S., is in the midst of a service outage that has left millions of customers without access to their accounts. Issues cropped up Wednesday, leaving users stranded at restaurants, parking garages and gas stations, unable to use …

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Joe Biden spent more on private jets in 3Q than 2020 Democratic rivals

Democratic presidential hopeful former US Vice President Joe Biden waves as he arrives onstage for the fourth Democratic primary debate of the 2020 presidential campaign season, co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019. Saul Loeb | AFP | Getty …

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Recent trading history says IBM shares are not due for a rebound

IBM’s stock tanked after earnings and investors should not expect the situation to improve any time soon. The technology company issued weaker-than-expected revenue for the third quarter, marking the fifth-straight quarter of falling revenue. IBM shares dropped over 5% after its Wednesday earnings. The stock stayed down on Thursday and …

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What happens if WeWork runs out of cash

Adam Neumann, co-founder and chief executive officer of WeWork, in April 2018. Jackal Pan | Visual China Group | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is …

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Surging SUV demand is canceling out the environmental benefit from electric cars

A woman fuels her SUV at an Exxon Mobile gas station in Chicago. Getty Images If worldwide demand for SUVs continues to grow at its current pace, the carbon emissions from these larger vehicles will outweigh the benefits from electric vehicles, a new study from the International Energy Agency found. …

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