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Arby’s, Buffalo Wild Wings, and Sonic Drive-In Owner—Inspire Brands—Buys Jimmy John’s

Arby’s, Buffalo Wild Wings, and Sonic Drive-In Owner—Inspire Brands—Buys Jimmy John’s

Big sandwich chain Jimmy John’s is on the block this week, with a sale to the parent company to Arby’s, Buffalo Wild Wings, and Sonic Drive-In.  This parent company is known as Inspire Brands, who has unanimously approved... 
British tour and airline operator company, Thomas Cook, shuts down

British tour and airline operator company, Thomas Cook, shuts down

British tour and airline operator Thomas Cook collapsed on Sunday, Sept. 22, 2019, leaving 600,000 travelers affected in countries all over the world with the largest numbers of tourists stranded in Spain, Turkey, Tunisia, and Greece. Weddings... 
Global Growth Hits 10-Year Low as Trade War Lingers

Global Growth Hits 10-Year Low as Trade War Lingers

A new report by the Organization for Economic Cooperation and Development paints a bleak picture for global growth. The OECD indicates that 2019 global growth will slow to a level not seen since the onset of the financial crisis. According... 
Google and GM Team up For New Vehicle Tech in 2021

Google and GM Team up For New Vehicle Tech in 2021

It looks like the next big trend in the motor vehicle industry is going to be big tech. General Motors and Google have revealed their collaboration to install Google’s massive lineup of voice assisted tech and apps in their vehicles.... 
Vertex Pharmaceuticals To Buy Semma Therapeutics in Nearly $1 Billion Deal

Vertex Pharmaceuticals To Buy Semma Therapeutics in Nearly $1 Billion Deal

Coming out of the Labor Day weekend, Vertex Pharmaceuticals announced a plan to acquire ambitious medical technology start-up Semma Therapeutics for an impressive $950 million. Apparently, Boston-based Vertex is hedging its bets on... 
Target Shares Jump Nearly 20 Percent On Second-Quarter Profit Beat

Target Shares Jump Nearly 20 Percent On Second-Quarter Profit Beat

Popular retailer Target posted its second-quarter earnings report, this week, beating every Wall Street forecast and sending its shares soaring.  Quarterly profit skyrocketed 17 percent, largely getting a boost from... 
WeWork Down Nearly $2 Billion Ahead of IPO Filing

WeWork Down Nearly $2 Billion Ahead of IPO Filing

Innovative workspace leasing company WeWork has finally released its initial public offering, preparing to be the latest in a long string of highly-valued technology companies to go public.   WeWork, of course, rents... 
A 30 year old​ Nintendo game found in an attic sells for $9,000

A 30 year old​ Nintendo game found in an attic sells for $9,000

Scott Amos’ mom who lives in Reno, Nevada has been bugging him for the last 20 years to to get rid of his childhood junk that been cluttering her attic. He finally did, much to the joy of all his family and to the tune... 
Putting computer chips in the brain – Elon Musk’s new vision

Putting computer chips in the brain – Elon Musk’s new vision

Elon Musk has spent most of his working adult life pursuing tech advances with companies like SpaceX, Tesla, TheBoring Company, Xcom (now PayPal), Open AI, Solar City and now as co-founder of Neuralink he hopes someday to put... 
Credit Suisse Trips Up in Fed Stress Test

Credit Suisse Trips Up in Fed Stress Test

After the Federal Reserve’s annual stress test, this week, Credit Suisse was the only bank on Wall Street that did not prosper. Obviously, this puts them leagues behind direct competitors like JP Morgan Chase and Bank America,... 
Walgreens Boots Alliance Earnings Beat Analyst Expectations

Walgreens Boots Alliance Earnings Beat Analyst Expectations

This week, Walgreens Boots Alliance Inc has posted their third quarter earnings report, which was better than many had expected.  The strong third quarter puts the company on track, though, to satisfy their full-year... 
Beyond Meat is the Best IPO of the Year

Beyond Meat is the Best IPO of the Year

In the past ten years, the best performing initial public offerings were tech-based brands like Snap (2017), Alibaba (2014), and Facebook (2012).  This makes sense, of course, as the human species continues to become... 
Dow Gives Back Gains—And Then Some

Dow Gives Back Gains—And Then Some

The Dow Jones (and other major indexes in the US stock market) took a big downturn by close of day, on Tuesday, mostly on the heels of a potential for escalation in the trade war with China.  Actually, this threat has... 
Will Global Payments Acquire Total System Services for $20B Next Week?

Will Global Payments Acquire Total System Services for $20B Next Week?

It looks like payment technology company Global Payments is close to an agreement to acquire its industry peer Total System Services in a deal worth about $20 billion in stock.  People familiar with the deal—who choose... 
Online Sales Helps Macy’s Crush Estimates But Tariff Concerns Are High

Online Sales Helps Macy’s Crush Estimates But Tariff Concerns Are High

On Wednesday, Macy’s Inc said that the newly imposed tariffs on Chinese imports, from the White House, is hitting the department store pretty hard, mostly in its furniture business. According to executives at the retailer, more... 
Marriott Has An Answer To Airbnb

Marriott Has An Answer To Airbnb

Airbnb, an online rental site, is growing in popularity and challenging the hotel industry, but it will be receiving competitionfrom the world’s largest hotel chain, Marriott International (MAR). MAR has been in the... 
Honda Slows Marysville Plant, Cuts Accord and Civic Production

Honda Slows Marysville Plant, Cuts Accord and Civic Production

Honda of America Manufacturing has just announced a plan to temporarily suspend the second shift on all Line 1 of the Marysville Auto Plant.  Officials at the company say that the suspension is expected to begin the... 
Top GE Analyst Downgrades GE Value, Drives Shares Down

Top GE Analyst Downgrades GE Value, Drives Shares Down

JPMorgan’s Stephen Tusa is the most prominent General Electric stock analyst on Wall Street and he has opened the week with a bearish rating.  In a client note, he argues that many investors are “underestimating... 
Strong Job Gains Brings Solid March Jobs Report

Strong Job Gains Brings Solid March Jobs Report

After several months of instability, job creation appears to have rebounded in March, with nonfarm payrolls growing by 196,000 and the overall federal unemployment rate maintaining at 3.8 percent, says the United States Bureau... 
Stocks Slip Across the Market After Boeing Slows 737 Max Production

Stocks Slip Across the Market After Boeing Slows 737 Max Production

The market opened lower, this week, with major Dow component Boeing dragging its sector on the heels of an announcement of plans to slow production of its flagship airplane.  Actually, Boeing announced it would likely... 
Eli Lilly Reveals Data on Drug Pricing for Popular Diabetes Medicine Humalog

Eli Lilly Reveals Data on Drug Pricing for Popular Diabetes Medicine Humalog

Under increasing pressure from public demand, Eli Lilly has suddenly become more transparent with the once-confidential pricing structure for one of its biggest drugs.  On Monday, the pharmaceutical giant disclosed,... 
EA Announces 350 Layoffs in Marketing and Publishing Departments

EA Announces 350 Layoffs in Marketing and Publishing Departments

Electronic Arts is one of the biggest names in video games in the world, and the second-largest video games company in North America.  Most notably EA is the publisher connected to National professional and collegiate... 
Olive Garden Helps Boost Darden Restaurants Top Earnings Beat

Olive Garden Helps Boost Darden Restaurants Top Earnings Beat

Shares of Darden Restaurants saw a nice jump, Thursday, when the company improved its outlook and posted earnings, with new revenue forecast that beat earlier estimates from Wall Street. Owner of the Olive Garden chain—among... 
Volkswagen Announces Job Cuts and Electric Investment

Volkswagen Announces Job Cuts and Electric Investment

On Wednesday, German automaker Volkswagen announced a plan to cut up to 7,000 jobs by 2023 in order lower total operating costs by 5.9 billion EU (about $6.6 billion USD).   Volkswagen is the largest automaker in... 
LaCroix Maker National Beverage Corp CEO Comments on Falling Stock Value

LaCroix Maker National Beverage Corp CEO Comments on Falling Stock Value

LaCroix brand sparkling water’s parent company, National Beverage Corp have reported a drop in quarter sales for the first time in the past five years.  Perhaps the most popular sparkling water company of late, news... 
FDA Approves, but Cautions, New Type of Anti-Depressant

FDA Approves, but Cautions, New Type of Anti-Depressant

The United States Food and Drug Administration approved, early this week, a new antidepressant medication in a nasal spray formulation, developed by Johnson & Johnson.  The medicine was conceived, specifically, to... 
Even as Stores Close, Abercrombie & Fitch Shares Are Up

Even as Stores Close, Abercrombie & Fitch Shares Are Up

It has been a very tough year for retailers, particularly the brick-and-mortar apparel stores.  Even big-box stores like Sears—who has been an industry stalwart for decades—has been forced to close stores and restructure... 
US Stocks On the Rise Nearing Trade Agreement with China

US Stocks On the Rise Nearing Trade Agreement with China

The Dow Jones Industrial index suffer some losses early in the week but saw a nice bump of 0.43 percent to close the week.  This equates to an increase of 110.32 points, bringing the index to 26,026.32. However, even... 
Shares of Stamps.com Plummet 50 Percent On News of Plans to End Exclusivity with USPS

Shares of Stamps.com Plummet 50 Percent On News of Plans to End Exclusivity with USPS

Shares at Stamps.com Inc took a big dive in late trading on Thursday after the company predicted large performance declines through the rest of this year.  After posting its 2018 Q4 earnings report, on Thursday, the... 
Apple and Goldman Sachs Are Partnering Up With A New Credit Card

Apple and Goldman Sachs Are Partnering Up With A New Credit Card

Apple tends to play it pretty close to the hip when comes to developing new technology. That is not to say they don’t like new tech—they love it—but they are quite particularly in what they choose to develop. For one,... 
US Stock Market Bouncing Back As Government Restarts and US Goes Into Trade Negotiations with China

US Stock Market Bouncing Back As Government Restarts and US Goes Into Trade Negotiations with China

US stocks made some ground early this week as lawmakers revealed tentative plans for acquiring and dispensing new funding for border security.   With the announcement, the Down Jones Industrial Average jumped 250... 
GM Announces Start of Restructuring with 4,000 New Job Cuts

GM Announces Start of Restructuring with 4,000 New Job Cuts

Finance symbols of stock market Early this week, General Motors confirmed that it has already started cutting 4,000 salaried jobs as it planned to do last year. According to GM Spokesperson Pat Morrissey, company leadership... 
Oil Prices Surge Following OPEC Cuts and Venezuelan Sanctions

Oil Prices Surge Following OPEC Cuts and Venezuelan Sanctions

Oil futures fell to start the week after briefly touching on their highest intraday levels this year.  Now the prices reflect an adjustment to balance out most of what they gained last week, probably as the result of... 
Global CEOs Share Concern over Slowing Global Economic Growth

Global CEOs Share Concern over Slowing Global Economic Growth

CEOs have a bit of a bad reputation these days but whether or not you agree with their ethics and motivations, we can all agree they are usually pretty good at analyzing data to predict economic trends. Indeed, it turns out that... 
The Effect of the Federal Shutdown on the Nation’s Airports

The Effect of the Federal Shutdown on the Nation’s Airports

At the end of the week, President Trump’s government shut down reached new heights, breaking the record for the longest such incident in US history.  Setting a new record is usually a good thing, but this isn’t a... 
Microsoft and Kroger Team Up Compete With Amazon

Microsoft and Kroger Team Up Compete With Amazon

Kroger has announced a plan to roll out new technology aimed at streamlining customer shopping experience.  Essentially, the technology digitally displays pricing and nutritional information as well as video ads and... 
Aurobindo Pharma Announces Voluntary Recall, Adding to Valsartan Concerns

Aurobindo Pharma Announces Voluntary Recall, Adding to Valsartan Concerns

Yet another company has is recalling for blood pressure medication concerns.  Aurobindo Pharma USA Inc has announced a voluntary recall over 80 lots of its valsartan tablets that are suspected to contain a chemical that... 
FCC [Finally] Approves Google’s Radar-Based Motion Sensor Development Project

FCC [Finally] Approves Google’s Radar-Based Motion Sensor Development Project

This week Google won new approval from US regulators for their plans to build a smartwatch that you can control with hand gestures.   Google calls this plan “Project Soli.” Google began working on Project... 
Apple Leads Decline in High Profile Tech Stocks

Apple Leads Decline in High Profile Tech Stocks

Apple may be the only public US company to hit a valuation of $1 trillion last year, but they are just as vulnerable as everyone else to the volatility of the stock market and international trade.  Indeed Apple was having... 
Dow Jones Puts Up A Fight to Rally Back from Volatile Week

Dow Jones Puts Up A Fight to Rally Back from Volatile Week

It has been a very tough week for Wall Street.  Major swings in the Dow threw many into a tizzy but the other indexes did not fare well either, at least not in terms of stable changes.  In case you have not been following, here is... 
Dow Leads US Stock Market Jump on Hopes of Improved US-China Trade Relationship

Dow Leads US Stock Market Jump on Hopes of Improved US-China Trade Relationship

US stocks took quite a leap early on Wednesday, in the latest round of enigmatic twists in the current US-China trade story. While the energy settled by the end of day, President Trump indicated that he could potentially use Huawei... 
Former CEO Eddie Lampert Bids To Buy Remaining Stores to Save the Company

Former CEO Eddie Lampert Bids To Buy Remaining Stores to Save the Company

Sears Chairman Eddie Lampert has offered to buy the struggling stores and assets in order to keep the company alive.  Yes, the billionaire investor—who happens to also be the former CEO of Sears—would like to buy up whatever is... 
Conde Naste CEO Steps Down as Publisher Mergers US and International Arms

Conde Naste CEO Steps Down as Publisher Mergers US and International Arms

Iconic magazine publisher Conde Naste is on the hunt for a new chief executive officer after the ousting of Bob Sauerberg.  The publishing house is also in the middle of a restructuring effort, which includes the merging of its US... 
Amazon Launches New Software that Data Mines Medical Records To Help Recommend More Effective, Efficient Treatments

Amazon Launches New Software that Data Mines Medical Records To Help Recommend More Effective, Efficient Treatments

For most tech companies, breaking into the health services or medical industries might involve developing some new gadget (hardware). At Amazon, the approach is quite the opposite:  the Seattle tech giant has already started selling... 
SCANA and SCE&G Announce Settlement Over VC Summer Project Failure

SCANA and SCE&G Announce Settlement Over VC Summer Project Failure

On Saturday, SCANA and SCE&G announced that they have reached an agreement with plaintiffs in a recent class-action lawsuit regarding the utility aborting the VC Summer nuclear project, back in 2017. The defendants in this case,... 
Thomas Kurian To Replace Diane Greene as Google Cloud CEO

Thomas Kurian To Replace Diane Greene as Google Cloud CEO

In a blog post, Google Cloud CEO Diane Greene announced her plans to step down. She added, too, that she will help to make the transition for the new CEO as easy as possible.  But who is this new CEO?  That would be former Oracle... 
Samsung’s Foldable Phone is Real and Opens into a Tablet

Samsung’s Foldable Phone is Real and Opens into a Tablet

On Wednesday at Samsung’s fifth annual developer’s Conference (SDC) in San Francisco, the world got a glimpse of Samsung’s upcoming foldable phones which will be produced “in the coming months” they said. When the foldable... 
Crude and Brent Oil Prices Slip With Gasoline Inventory Up

Crude and Brent Oil Prices Slip With Gasoline Inventory Up

Oil futures fell slightly mid-week as prices of US oil slid to their lowest in nearly eight months. This came after a government report that revealed supply for domestic crude increased for the seventh week in a row, helping gasoline... 
T-Mobile Beats Expectations for Profit and Phone Subscribers

T-Mobile Beats Expectations for Profit and Phone Subscribers

T-Mobile US beat expectations on Wall Street with its quarterly estimates for net new additions to phone subscribers and its profit, driven in part by its wireless plans and offers for trade-ins for iPhones that were aimed at fending... 
Microsoft Beats Expectations, But Growth in Azure Slows

Microsoft Beats Expectations, But Growth in Azure Slows

Microsoft shares rose by up to 4% above their closing price of $102.32 on Wednesday following the posting by the company of earnings that were better than had been expected for the software giant’s fiscal first quarter. Revenue for...