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Finance

Stitch Fix, Papa John’s and more

David Paul Morris | Bloomberg | Getty Images Katrina Lake, co-founder and chief executive officer of Stitch Fix Inc. Check out the companies making headlines after the bell: Stich Fix shares plunged more than 21 percent percent in after-hours trading after the company released a mixed fourth-quarter earnings report. The …

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What incoming CEO Larry Culp brings to GE

Source: FactSet Culp also grew Danaher revenues steadily, with the peak of the financial crisis in 2009 marking its only negative year of sales growth while he was in charge. He is telling GE staff that “everything is on the table” to try to revive the fallen industrial giant, according …

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The problems at GE’s troubled power unit can’t be fixed quickly

Luke Sharrett | Bloomberg | Getty Images Workers on the assembly line for gas turbines at the General Electric energy plant in Greenville, South Carolina. GE does not see demand rebounding soon. The market for gas-powered turbines will total less than 30 gigawatts this year and remain stagnant through 2020, …

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Here’s what major Wall Street analysts think of General Electric’s sudden CEO change

Luke Sharrett | Bloomberg | Getty Images A production assembly mechanic prepares to install a bracket on a CFM56-7 jet engine at General Electric Co.’s GE Aviation factory in Cincinnati, Ohio, June 25, 2014. Wall Street is stunned after General Electric’s board of directors replaced John Flannery as chief executive …

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No trade deal with China is ‘imminent’

Adam Jeffery | CNBC Larry Kudlow, Director of the National Economic Council, speaking at the New York Economic Club in New York on Sept. 17th, 2018. White House economic advisor Larry Kudlowsays discussions with China over trade aren’t progressing. On Sunday, the U.S. and Canada reached a new trade deal …

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Canadian dollar surges after US and Canada strike deal to replace NAFTA

Leon Neal | Getty Images President Donald Trump (L) gives a thumbs up to the media as he is greeted by Prime Minister of Canada Justin Trudeau during the G7 official welcome at Le Manoir Richelieu on day one of the G7 meeting on June 8, 2018 in Quebec City, …

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Three options strategies for the week: Oct 1

The “Options Action” traders share three options trading strategies to kick off the week. MikeKhouw and Carter Worth recommend a put spread in the Retail ETF Dan Nathan recommends a put strategy in the Consumer Staples ETF Mike Khouw recommends a put spread in Tesla Trader disclosure: Dan Nathan is …

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It’s the first day for Goldman Sachs’ new CEO Solomon

Andrew Harrer | Bloomberg | Getty Images David Solomon, Goldman Sachs & Co. David Solomon officially steps into the CEO job at Goldman Sachs on Monday, marking the next generation of leadership in the bank’s 149-year history. The investment banker takes over after Lloyd Blankfein’s 12-year run at the helm, …

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Tesla, Progress Software and more

Ron Sachs | Pool via Bloomberg | Getty Images Elon Musk, CEO of Tesla.  Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is …

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GW Pharma soars as CBD-based drug a step closer to commercial launch

This announcement “renders the launch set-up fairly straightforward for GW into a market where there is significant unmet medical need and very high pent up awareness/demand,” wrote Stifel analyst Paul Mattela. “We continue to recommend the stock on the basis that we believe the Epidiolex launch can exceed first year …

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