Jerome Powell will offer his insights to both the House and Senate this week. Stock traders are hoping for some calming words. Click the audio player above to hear the full story.
Earnings are out this today for the Campbell Soup Company, and investors are likely to hear more about the company’s move toward plant-based foods. Not only has the company been buying up specialty companies like juice maker Bolthouse Farms, but last month Campbell’s joined a new trade group, the Plant Based Foods Association. What’s behind […]
General Electric announced today that all is maybe not well inside the multinational conglomerate empire. CEO John Flannery said the next couple years will be less profitable than previously thought and that, among other changes, he company will cut its annual dividend in half. That may sound scary if you’re holding some GE stock, or […]
Shares of Google parent Alphabet flirted with $1,000 today, and Amazon finished up at $1,011. In the past, when a company thought its stock was getting a little too expensive, it would do a split. That would reduce the price of each share by raising the number outstanding. That basically made the stock more accessible […]
Horse racing’s Triple Crown kicks off Saturday with the Kentucky Derby at Churchill Downs. It’s been a good year for the racetrack’s parent company, whose stock has risen 30 percent, double last year’s gains in the S&P 500. These days though, Churchill Downs Inc. doesn’t really resemble a racetrack company. Click the audio player above […]
Mexican restaurant chain Chipotle reports earnings after markets close today. The beleaguered burrito brand’s stock is up nearly 20 percent this year, signaling a possible comeback from its E. coli scandal of 2015. Analysts expect a recovery quarter for Chipotle, but the company has a ways to go. Click the audio player above to hear […]
Investors in IBM will vote next week on whether to give themselves more rights to influence company decisions. Many companies have already embraced a kind of governance called “proxy access,” where shareholders can nominate company officials. But other corporations, including IBM and Charles Schwab, oppose it. Click the audio player above to hear the full […]
