Shares of Apple took a hit Monday, declining 4 percent after the Wall Street Journal reported Apple has cut production orders in recent weeks for all three iPhone models launched earlier this year. When Apple runs into trouble, it tends to be a drag on many other companies and the market as a whole. Click the […]
Goldman Sachs reported sharply higher profit this week, and yet its shares fell after Goldman said it wouldn’t be buying back stocks in the second quarter. In this respect, Goldman is an outlier. After the corporate tax rate dropped this year, American companies have been using cash to repurchase their own shares in furious fashion. […]
Fast-casual restaurant chain Chipotle, set up in 1993, has struggled after a number of food safety scandals. An E. coli scandal at one of its stores a couple of years ago also hit its shares. As company founder and CEO Steve Ells moves into the role of executive chairman, Chipotle is looking to shift its […]
Snapchat's parent company dropped back to its IPO price of $17 a share.
J.M. Smucker rewards long-term shareholders with greater voting rights
The company's new C class shares means more control, and it's not the only company to use a tiered system.