For the past year, the restaurant industry has struggled as foot traffic has been trending lower. Generally bucking the trend, though, has been the upscale casual-dining segment. Shareholders ofThe Cheesecake Factory (NASDAQ:CAKE)have been benefactors of that trend over the last year. With continued positive expectations for that segment of hospitality through this year, it’s time to dig into....More>>>
(Photo by Spencer Platt/Getty Images)
On Monday morning, a long-time rivalry came to a fashionable close after Coach announced that it will acquire cool-girl brand Kate Spade. According to a press release on Kate Spade’s website, Coach’s cash offer of $18.50 per share, or $2.4 billion, represents a 27.5% percent premium to the unaffected closing price of Kate Spade’s shares....More>>>
It finally happened. After years of nary a selloff, let alone a significant correction, the floodgates burst open.
On Monday, February 5, the Dow Jones Industrial Average suffered a mid-session 1,600 point death plunge. Buyers quickly entered the fray, with the DJIA closing down just 1,175 points, but the day was still the highest single-day point drop in history. Percentage-wise, the decline....More>>>
Just a couple weeks ago, 13F filings started flowing in, and Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) ownership disclosures showed that Warren Buffett nearly quadrupled his Apple (NASDAQ:AAPL) position in the fourth quarter. The Oracle of Omaha closed out 2016 with approximately 57.4 million shares, up from the 15.2 million shares that Berkshire Hathaway was holding at the end of the....More>>>
Spirit Airlines(NASDAQ:SAVE)has one of the lowest cost structures in the airline industry, but that doesn’t mean that the carrier is immune to the pressures its fellow airlines are facing. For example, over the last two years, Spirit’s labor costs have climbed 4 percentage points, to 20% of total revenue. This is partly due to expanded pilot and crew hiring to accommodate increased capacity,....More>>>
Small cap cloud storage stock Box Inc (NYSE: BOX), whos financialsonce had the dubious distinction of once being labeled a house of horrors in a Bloomberg interviewwithTrue Ventures Partner Om Malik, reported Q2 2018 earnings after the market closed Wednesday with shares falling in after/premarket trading. Revenue rose 28% to a record $122.9 million as deferred revenue rose 32% to $240.8 million....More>>>
The price of crude oil topped out in June 2014, then bottomed in February 2016 and has since partially recovered. During this period, the price of oil plunged by 76% and reached historic proportions, even in relation to other energy boom and bust cycles of the past. Let’s update the energy sector’s present status and use historical trends to anticipate what the future holds for investors.....More>>>
SHANGHAI–China’s central bank raised a suite of key short-term interest rates for the second time since late January, attributing the moves to shifting market expectations due to a recovering domestic economy and monetary tightening in the U.S.
The People’s Bank of China raised the interest rates it charges commercial banks in the money market on the seven-day, 14-day and....More>>>
No matter how busy she is, and even when she’s on vacation, Erin McLeod stops every night at 10 p.m. to make a phone call. On the other end is her 104-year-old friend, Henrietta Daytz, in her assisted-living facility in Sarasota, Fla. McLeod asks about Henriettas day and wishes her a good night. Shes like family now, says McLeod, president of the Senior Friendship Centers in Florida, which....More>>>
May 23, 2017: Markets opened higher again Tuesday but have not moved much higher as the session went on. The blue chips performed best with particular strength in financials. Tech stocks and consumer discretionaries are on track for a down finish. WTI crude oil for July delivery settled at $51.47 a barrel, up 0.7%. June gold dipped 0.5% for the day to settle at $1,255.60. Equities were headed for....More>>>