Even the coffee giant, that purveyor of caffeinated craving, is not immune to the vagaries of macroeconomics. Starbucks, as noted by Forbes Magazine, said Thursday that it has seen underperformance to the effect that it has decided to close its Teavana chain of stores. That...
In Wall Street news, shares of Blue Apron Holdings, Inc., ARPN.N, jumped as much as 20 percent on Monday after several brokerages started coverage of the popular meal kit service with “buy” ratings. Reuters reported news that while there has been concern over what Amazon’s...
In the U.S., job growth continues as the Wall Street Journal notes a nine-year economic expansion. But a paradox continues: jobs are being created even as wage growth remains somewhat stagnant. The latest job count, according to the U.S. Department of Labor’s June 2017 numbers,...
In the end, Yahoo managed to beat the Street just before becoming property. As has been reported, Verizon is buying Yahoo, but the beleaguered internet company spent its last quarter as a public company putting up numbers that showed some promise. The company said Tuesday...
With Costco increasingly in the rearview mirror, American Express hurdled Street estimates, as members spent more both here and abroad.
It may have been relatively easy pickings, the so-called “mall short.” But on Wall Street, crowded trades can become traps, when sentiment turns and people rush toward the exits. To that end, reports Bloomberg News, analysts at Citigroup have been stating that the “next big...
While Costco has had a rough time this month, with an earnings release that didn’t live up to expectations and shares that dropped 5.7 percent, many analysts are saying this is the perfect time to buy stock in the national wholesale retailer. According to Seeking...
The Trump rally got a bump on Tuesday — down. The U.S. stock market and several other asset classes, including bonds, sank markedly that day. In fact, the broader indexes, from the Dow to the NASDAQ, slipped the most since October 2016, down more than 100...
This past week saw grocery stocks down again — with one exception — as stateside food deflation continues to eat away at grocers’ bottom lines and investors’ optimism. International food retail group Ahold Delhaize (AD) saw a minor upward push in the past week, though...
