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Precious Metals Down But Gold Consolidates Up Ahead of Fed Meeting

Precious Metals Down But Gold Consolidates Up Ahead of Fed Meeting

After sliding one percent in the previous session, gold saw a bit of a rebound at the end last week thanks to solid US jobs data.  Fortunately, gross domestic product in the US,... 
US NHTSA Opens Hyundai and Kia Vehicle Fires Probe

US NHTSA Opens Hyundai and Kia Vehicle Fires Probe

The United States National Highway Traffic Safety Administration, this week, opened new cases to investigate Hyundai and Kia vehicle models after thousands of fires resulting in more than... 
US Gun Deaths Reach A Record High

US Gun Deaths Reach A Record High

The United States Centers for Disease Control and Prevention (CDC) has released alarming data that gun deaths are near a 40-year high. Perhaps more concerning, the approximately 40,000 gun-related... 
Quarterly Dividend at General Electric Slashed to a Penny

Quarterly Dividend at General Electric Slashed to a Penny

General Electric has dramatically reduced its quarterly dividend to one penny per share beginning in 2019, the second cut in the dividend in the last year and a big move by new CEO and Chairman... 
Microsoft Leapfrogs Amazon as the Second Most Valuable Company in the U.S.

Microsoft Leapfrogs Amazon as the Second Most Valuable Company in the U.S.

Microsoft Corp. took back its position as the second most valuable company based in the U.S. on Friday after a disappointing earnings report for the quarter by Amazon wiped off $65 billion from... 
Ford Makes China Business Stand-Alone

Ford Makes China Business Stand-Alone

Ford, the U.S. automaker, said on Wednesday that it was separating its unit in China from its broader Asia Pacific operation to form a stand-alone unit that is an attempt to speed up profitable... 
Kmart Is in Worse Shape Than Sears

Kmart Is in Worse Shape Than Sears

While Sears will have a difficult time surviving bankruptcy, Kmart is facing odds that are even worse. Heavy competition from Amazon and others have created big problems for many traditional... 
PayPal Shares Surge Following Beat on Earnings and Venmo Growth

PayPal Shares Surge Following Beat on Earnings and Venmo Growth

On Thursday, PayPal posted revenue and earnings for the third quarter that topped estimates on Wall Street, with an increase in payment volume for Venmo its payment app that is peer-to-peer. Revenue... 
Netflix Soars Past Expectations on Earnings

Netflix Soars Past Expectations on Earnings

On Tuesday, Netflix shares surged by up to 15% after the video streaming service posted earnings that easily beat estimates in its most recent quarterly reports. Key numbers in the earnings report... 
Retail Sales in U.S. Rise, Strong Consumer Spending

Retail Sales in U.S. Rise, Strong Consumer Spending

Retail sales in the U.S. rose barely during September as a bounce in purchases of motor vehicles was offset by the largest drop in spending at bars and restaurants in close to two years. However,... 
Mortgage Rates at Seven-Year High

Mortgage Rates at Seven-Year High

Mortgage rates have now topped the 5% mark, said the Mortgage Bankers Association this week with the average 30-year fixed home mortgage hitting 5.05%, which is the highest rate since February... 
Google Ends Bid for Huge Pentagon Contract Following Protests by Employees

Google Ends Bid for Huge Pentagon Contract Following Protests by Employees

Google has ended its bid for a Pentagon contract of $10 billion for a cloud computing project, it announced on Monday. The change of plans comes after employees at Google protested and some resigned... 
Uber and Lyft to Offer Voters Rides to Cast Ballots During Midterm Elections

Uber and Lyft to Offer Voters Rides to Cast Ballots During Midterm Elections

Ride-hailing giant Uber will do its share in helping get voter to polling stations during the upcoming midterm elections. The company announced on Thursday it will offer free rides to voters... 
Pot Stocks Soar After CBD-Based Drug Nears Commercial Launch

Pot Stocks Soar After CBD-Based Drug Nears Commercial Launch

Marijuana shares surged higher on Thursday after the Drug Enforcement Administration gave a classification of a cannabidiol-based drug in its least restrictive category, which has set the stage... 
Rebranding of Dunkin Upsets Donut Lovers

Rebranding of Dunkin Upsets Donut Lovers

On Tuesday doughnut lovers were outraged on social media over the decision by Dunkin’ Donuts to drop the signature product of the company from its official name, as it attempts to promote a... 
Alphabet Backing Trucking Startup Convoy

Alphabet Backing Trucking Startup Convoy

Trucking technology startup Convoy Inc. backed by Jeff Bezos and Bill Gates added one more prominent supporter through a new funding round that valued the startup as over $1 billion. Convoy announced... 
Facebook and Twitter Must Follow EU Consumer Rules

Facebook and Twitter Must Follow EU Consumer Rules

Facebook and Twitter will face sanctions if they do not comply with consumer rules set out by the European Union by the end of 2018, said the EU as regulators continue cracking down on social... 
Oracle Stock Falls Following Revenue Miss

Oracle Stock Falls Following Revenue Miss

Shares of Oracle fell nearly 5% in afterhours trading Monday following the release of the company’s earnings for its fiscal first quarter that came up short of Wall Street expectations for... 
Apple’s New iPhones are Bigger and More Expensive

Apple’s New iPhones are Bigger and More Expensive

On Wednesday, Apple Inc. unveiled its latest iPhone which is its largest to date as the Cupertino, California based tech giant attempts to entice its customers to upgrade to devices that are... 
Alibaba Partnering with Russian Company in E-Commerce

Alibaba Partnering with Russian Company in E-Commerce

On Tuesday, Alibaba, the giant of e-commerce based in China, has signed a new partnership with several firms in Russia. The strategic alliance will form a new platform of e-commerce and utilize... 
Tech Companies Making Final Efforts to Avoid Tariffs

Tech Companies Making Final Efforts to Avoid Tariffs

Four major U.S. tech companies sent a letter at the last minute to the Office of the United States Trade Representative requesting exemption from a possible round of new tariffs on $200 billion... 
Mercedes to Challenge Tesla with First Fully Electric Vehicle

Mercedes to Challenge Tesla with First Fully Electric Vehicle

On Tuesday, Mercedes showed how aggressive it is in trying to take over the top spot in the electric car market that Tesla currently dominates after unveiling its EQC, the first fully electric... 
Tencent Problems in Online Gaming in China Have Become Worse

Tencent Problems in Online Gaming in China Have Become Worse

A new crackdown by China on online gaming has added to the worries of Tencent. Tencent, the top internet company in China, saw its shares fall close to 5% on Friday in Hong Kong, after the Chinese... 
Best Buy Beats the Street but Shares Drop

Best Buy Beats the Street but Shares Drop

Best Buy saw its shares fall Tuesday even though the giant electronics retailer posted sales and earnings for its second quarter that beat Wall Street expectations. The company increased its... 
Shares of Gap Fall As No Recovery Seen in Flagship Brand

Shares of Gap Fall As No Recovery Seen in Flagship Brand

Gap Inc. shares were down by 8% on Friday before the opening bell a day after the namesake brand of the company posted a bigger than had been expected fall in comparable sales, which raised concerns... 
Traders in China Dump Cheap Coal in U.S. for Domestic Supply

Traders in China Dump Cheap Coal in U.S. for Domestic Supply

Several coal traders in China handling imports from the U.S. have starting sourcing domestic supplies for the future, people knowledgeable about the situation have said, as delivery of the last... 
Nabisco Frees Its Animals After More Than a Century

Nabisco Frees Its Animals After More Than a Century

Animal Crackers are not behind bars any longer although it took 116 years to accomplish. The Barnum’s Animals, a classic snack from Nabisco, has changed its packaging and no longer depicts... 
First Version of Generic EpiPen Approved by FDA

First Version of Generic EpiPen Approved by FDA

On Thursday, the U.S. Food and Drug Administration approved the first version of a generic EpiPen, in a move that brings new competition for the allergy injection that is lifesaving and helped... 
Banks Increase Security Following Warnings by FBI on New ATM Attacks

Banks Increase Security Following Warnings by FBI on New ATM Attacks

Banks have been put on high alert for new attacks that target cash at ATMs, after U.S. banks were warned last week by the Federal Bureau of Investigation of potential threats. Routinely FBI advises... 
J.C. Penney Opening 500 Baby Shops

J.C. Penney Opening 500 Baby Shops

Retailer J.C. Penney will expand the baby products that it sells at stores beyond just clothing as the chain joins many other department store chains trying to claim some of the sales of the... 
Amazon Launches New Curbside Pickup at Whole Foods

Amazon Launches New Curbside Pickup at Whole Foods

Amazon has announced that it is starting another curbside pickup service, but this time the service is at Whole Foods for members of its Prime club. This new service allows members of the subscription... 
Heineken and China Resources Beer Reach $3.1 Billion Deal

Heineken and China Resources Beer Reach $3.1 Billion Deal

Heineken NV will purchase a stake of $3.1 billion in the company that controls China Resources Beer, the largest brewer in China, as the two companies look to tap into the increasing thirst by... 
Charmin and Pampers Becoming More Expensive

Charmin and Pampers Becoming More Expensive

Pampers, Charmin, Puffs and Bounty will all cost more soon. On Tuesday, Proctor & Gamble announced that it would be raising the prices for its Pampers 4% in North America. The consumer products... 
Caterpillar Posts Record Profit, Lifts Forecast

Caterpillar Posts Record Profit, Lifts Forecast

Caterpillar posted earnings per share that set a record for the second quarter on Monday and raised its forecast for the full year. The heavy equipment maker and exporter said it would offset... 
Coca-Cola Raising Prices of Soda, Should Reach Consumers

Coca-Cola Raising Prices of Soda, Should Reach Consumers

CEO of Coca-Cola James Quincey said the soft drink maker will increase its prices of soda for the U.S. in 2018 due to the financial strain that the metals tariffs placed by President Donald Trump... 
Acceleration in Cord Cutting, Millions More to Follow

Acceleration in Cord Cutting, Millions More to Follow

Cord cutting has become quite complicated. Consumers are not sure which of the streaming services available including Amazon, Netflix, and Hulu is the best for their buck. Nevertheless, consumers... 
Yelp Goes Nationwide with Restaurant Hygiene Scores

Yelp Goes Nationwide with Restaurant Hygiene Scores

Few if any restaurant patrons want to book a reservation at an eatery considered to be dirty. Yelp realizes that and is now making it much easier for restaurant patrons to find out whether a... 
China Probing Imports of Stainless Steel from the EU, Indonesia, Korea and Japan

China Probing Imports of Stainless Steel from the EU, Indonesia, Korea and Japan

On Monday, China launched its own anti-dumping probe into imported stainless steel worth $1.3 billion that includes the metal from a Chinese mill that is privately owned with offshore operations,... 
Alcoa, Amazon and Toyota Amongst Others Search to Counter Tariffs

Alcoa, Amazon and Toyota Amongst Others Search to Counter Tariffs

Big businesses in the U.S. from Alcoa Corp to Amazon.com and Toyota Motor Corp. are working in an attempt to counter the effects of the White House administration’s policies on trade and head... 
IBM Beats the Street on Earnings, Stock Jumps

IBM Beats the Street on Earnings, Stock Jumps

Shares of IBM rose after a quarterly earnings beat. The stock fluctuated immediately following the release of earnings, but then increased by over 2.5% above the closing prices on Tuesday of... 
Friday Kicked Off Earnings Season with Not Much of a Bang

Friday Kicked Off Earnings Season with Not Much of a Bang

The earnings season for the 2018 second quarter began Friday as big banks such as JPMorgan Chase and Citigroup beat expectations, while Wells Fargo came up short. However, each of the three stocks... 
J.M. Smucker Selling Hungry Jacks, Pillsbury and other Brands

J.M. Smucker Selling Hungry Jacks, Pillsbury and other Brands

Smuckers is well-known for its jelly, Jif peanut butter and the celebrated coffee, Folgers. It has announced that Brynwood Partners, a private equity company, will be acquiring parts of the company... 
Twitter Has Suspended More Than 70 Million Accounts the Last Two Months

Twitter Has Suspended More Than 70 Million Accounts the Last Two Months

Twitter Inc. has suspended over one million accounts per day over the past two months to lower the amount of misinformation that is on the microblogging platform, says a report by the Washington... 
MoviePass Begins Surge Pricing

MoviePass Begins Surge Pricing

Subscribers of MoviePass may now have to spend slightly more money when they return to the theater. The service that allows is customers to see one movie per day for a price of $10 per month,... 
China Finds Way to Battle Chipmakers in U.S.

China Finds Way to Battle Chipmakers in U.S.

Taiwan’s United Microelectronics Corporations won its patent case brought against Micron Technology based in Idaho, in a court in China. The court in China ordered Micron chips to be halted... 
Lyft Makes Big Move in Bike-Sharing

Lyft Makes Big Move in Bike-Sharing

Lyft, one of the giants in ride-hailing, that closed on a fresh round of funding that reached $600 million, announced this week it followed the lead of arch-rival Uber by acquiring Motivate,... 
States in Australia and Retail Chains Banning Plastic Bags

States in Australia and Retail Chains Banning Plastic Bags

In order to reduce waste from single-use plastic bags, several of the largest retailers in Australia have agreed to ban them. While the environmental groups and shoppers applaud the action, implementing... 
Coffee Bean & Tea Leaf Heats Up Coffee Wars in NYC

Coffee Bean & Tea Leaf Heats Up Coffee Wars in NYC

Independent coffee retailer Coffee Bean & Tea Leaf based in Los Angeles announced on Tuesday it is planning to open new franchises this year in New York City. Eventually the number of franchises... 
Top Executive With Netflix Ousted After N-Word Used

Top Executive With Netflix Ousted After N-Word Used

Netflix Chief Communications Officer Jonathan Friedland was forced out after the company’s CEO said he used the N-word more than once in front of colleagues. The former CCO issued an apology... 
Ford Motor and VW Group In Talks About Developing Vehicles

Ford Motor and VW Group In Talks About Developing Vehicles

Ford Motor, one of the Big Three automakers in the U.S. and Germany-based Volkswagen AG are in talks to possibly work together on several projects, including the joint development of commercial...