Economy

Markets
Apple Stock Drops Amid DOJ Antitrust Investigation News
June 03, 2019

Apple stock was affected negatively on Monday (June 3) by news that the Department of Justice (DOJ) is considering an investigation into the tech giant, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Markets
Ongoing US China Trade War Causes Morgan Stanley To Slash Apple Price Target
May 30, 2019

A Morgan Stanley analyst has cut the price target on Apple from $240 to $231 in a note to investors, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Retailers In Britain Say Sales Are The Worst In 10 Years
May 24, 2019

A survey of British retailers by the Confederation of British Industry (CBI) said retailers were witnessing the poorest sales performance this month in 10 years, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Experts See Bumpy Ride Ahead For Chipotle Stock
May 24, 2019

With more expensive pork prices potentially placing pressure on margins, BMO Capital Markets downgraded Chipotle Mexican Grill’s stock. The company’s stock tumbled 6 percent to $667.12 on the news and some industry observers are predicting a bumpy ride in the future even with initiatives like...

Economy
Millions Of Americans Have Nothing Saved For Retirement
May 24, 2019

The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the way of savings for retirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
China Tariffs Could Cost Americans $831 A Year
May 23, 2019

The New York Federal Reserve Bank published research on Thursday (May 23) saying that increased U.S. tariffs on Chinese imports will cost the typical American household $831 a year, according to a report by Reuters. Get the Full Story Complete the form to unlock this...

Markets
Moody’s Lowers Equifax Rating After Cyberattack
May 23, 2019

Moody’s has lowered its rating outlook on Equifax due to cybersecurity issues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Economy
When Brexit Literally Turned Into A Food Fight
May 21, 2019

Usually, when a situation is described as a food fight, the term is used in a colorful way. Adults, after all, do not normally throw food at each other – and so the claim typically signals that the participants in the dispute have regressed to...

Markets
Chinese Coffee Co Luckin Has Strong Nasdaq Debut
May 17, 2019

Shares in Chinese coffee company Luckin Coffee surged about 50 percent in the company’s debut on the Nasdaq on Friday (May 17), according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...