Markets

Markets
Dunkin’ Delivery Deal Boosts Grubhub Shares
June 17, 2019

Dunkin’ has announced that it is partnering with Grubhub on the launch of its Dunkin’ Delivers service. More than 400 Dunkin’ restaurants throughout New York City’s five boroughs are now offering delivery through Seamless, Grubhub’s New York brand. And there are plans to expand the...

Markets
What Happens When Marketplaces Use Humans To Deliver Customer Service
June 17, 2019

You know the old adage: a customer who has a bad experience with customer service does not need to be motivated to communicate with others about it. Quite to the contrary, that customer will be sure to tell as many people as they can get...

Markets
Teens Help Snap’s Stock To Surge
June 07, 2019

Snap has seen its stock surge more than 180 percent since December — thanks to teenagers. When it comes to augmented reality, Pivotal Research Group Analyst Michael Levine said there are “increasing signs of momentum in the business on multiple fronts,” according to Bloomberg. In...

Markets
Analysts Sanguine On Uber Despite (Growing) Red Ink
June 05, 2019

Uber shares closed 5 percent higher on Wednesday (June 5), trading above their initial public offering (IPO) price for the first time since their May 10 debut, according to a report by TechCrunch. The news comes just 24 hours after the end of a slow...

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. Apple’s downward slide joins similar losses by Google, Facebook and Amazon after the DOJ...

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. Analyst Katy Huberty did not change estimates for the company’s sales or profits, and said the price cut was...

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...

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

Moody’s has lowered its rating outlook on Equifax due to cybersecurity issues. Moody’s lowered the credit monitoring company’s outlook from stable to negative on Wednesday (May 22) as Equifax continues to try to recover from its massive 2017 breach that compromised the personal information of...

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. The opening trade for the company, which was under the symbol LK, was $25 a share. Luckin...