When 3G and Warren Buffett’s Berkshire Hathaway (BRK.B) got together to merge Kraft with Heinz to form Kraft Heinz (KHC), they argued that they could cut expenses to create a more efficient business. But if today’s earnings–which appeared, at least on the surface, to be pretty good–demonstrated anything, it’s that Kraft Heinz might be running out of synergies to juice....More>>>
Much of what the Bank of Japan announced today had been largely leaked. While there was a sizable response in the asset markets, the dollar’s knee-jerk gains against the yen were quickly unwound.
The BOJ lifted its self-imposed restrictions on its asset purchases and shifted the focus of policy from the monetary base to the yield curve. It is not clear that this shift increases....More>>>
Online travel stock Tripadvisor Inc (NASDAQ: TRIP) reportedQ1 2017 earnings after the market closed on Tuesday with shares up in afterhours /premarket trading. Q1 revenue rose 6% (or 7% on a constant currency basis) to $372 million as hotel revenue grew 4% to $314 million and non-hotel revenue rose 18% to $58 million.Net income was $13 million versus $29 million. Key business metrics cited in the....More>>>
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Wells Fargo & Co. said credit-card applications dropped 55 percent in February from a year earlier, the biggest decline since a scandal involving fake accounts erupted in September.
Retail customers opened....More>>>
General Motors Co. (NYSE: GM) on Tuesday posted total October U.S. sales of 258,626 vehicles, a decrease of 1.7% compared with October 2015. Retail deliveries rose 2.5 points for the year to date to 208,290 units, and fleet deliveries slipped 3.7 percentage points for the year to date.
GMs new vehicle sales for October were forecast at 246,512 by analysts at Edmunds.com. WardsAuto had estimated....More>>>
Investing in biotech and pharmaceuticals is always a bit of a wild card. The industry is often at the mercy of government regulators, and a clinical trial can always present unexpected challenges. When biotech and pharma stocks hit it big, however, its big news that often yields big returns. A lesser promoted biotech sector is the medical devices arena, which is hardly as sexy and....More>>>
Daniel Packer, a 29-year-old data analyst at an online advertising agency in Los Angeles, knows more responsibilities will stack up as he hits the big 3-0 this summer, so hes been religiously stashing away money in his retirement accounts the last few years.
Retirement is a long ways away for him, he says at least 30 years but saving money early on means not worrying about putting away....More>>>
Here’s what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:
Visteon (VC) : “You need to let this one come down a little, then pull the trigger.”
American Tower (AMT) : “This is the best in the business and is worth owning, even if the chart looks terrible.”
Mattel (MAT) : “I think you’re OK but I....More>>>
Nike (NKE) was up more than 3% in after-hours trading yesterday after releasing its earnings after the close. Now it’s up just 0.4%. What gives? Morgan Stanley’s Jay Sole and team explain how Nike was “caught offside”:
First, Nike N. Am. futures growth decelerated 500 bps q/q. The implication is Nike is either losing share or the athletic....More>>>
JPMorgan’s Ken Goldman and Joshua Levine explain why they’re refusing to follow at least six of their fellow analysts and cut their rating on Hain Celestial Group (HAIN) after the natural-products company said it had to delay the release of its earnings due to accounting irregularities:
Hain Celestial products Hain Celestial
Yesterday after the close, Hain Celestial....More>>>