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US Court Orders Well Fargo to Deepen Account Scandal Investigation

US Court Orders Well Fargo to Deepen Account Scandal Investigation

Several months ago a court found that Wells Fargo employees had opened fake accounts in the names of existing customers in order to satisfy certain activation quotas. With this ruling, the bank, of course, had to refund customers fees... 
Target To Launch Exclusive Line of “California Roots” Wines; For $5 a Bottle

Target To Launch Exclusive Line of “California Roots” Wines; For $5 a Bottle

The Millennial affinity for wines is, apparently, no laughing matter. Actually, it looks like it might be quite the enterprising opportunity for anyone willing to venture forth into the field; and it looks like Target might be throwing... 
Amazon Moving Forward With Whole Foods

Amazon Moving Forward With Whole Foods

Amazon has long been a dominant force on the internet; not just in terms of online shopping but, at least lately, as a technology company. The company has the great benefit, then, of technology at the ready when it comes time to innovate. And... 
US New Home Sales Down Nearly 10 Percent in July

US New Home Sales Down Nearly 10 Percent in July

Sales of new homes in the United States took a bit of an unexpected tumble last month, falling 9.4 percent to an annual rate of 571,000 in July. These are the numbers listed in the most recent Commerce Department report, revised down... 
Exxon Mobil Contracts Noble’s Drillship For Three Years

Exxon Mobil Contracts Noble’s Drillship For Three Years

Exxon Mobil Corporation has contracted Noble Paul Romano, a drill ship owned by Noble Corporation, at a daily rate that was not disclosed. The contract will run for three years with operations commencing in the first half of next year... 
Wal-Mart Sees Margins Fall From Price Cuts and E-Commerce Investments

Wal-Mart Sees Margins Fall From Price Cuts and E-Commerce Investments

Wal-Mart Stores, Inc reported that price cuts and heavy e-commerce investments has contributed to lower quarterly margins. Investors shrugged at an increase in comparable sales—for the third straight year—to push shares down nearly... 
Toyota and Mazda Announce New Partnership and Plans for US Factory

Toyota and Mazda Announce New Partnership and Plans for US Factory

Early Friday morning, Toyota and Mazda confirmed plans to collaborate on a new $1.6 billion US-based assembly plant which create as many as 4,000 jobs. This is nothing new for Toyota, who already operates several factors across the... 
Dow Hits Significant 22,000 Milestone, But Is it Enough?

Dow Hits Significant 22,000 Milestone, But Is it Enough?

It has only been six months since Donald Trump took to the oval office of the United States but the occupation has caused a flurry of activity in the financial markets. Of course, that was not necessarily unexpected, but his constant... 
Amazon Surges Operations With 18-Month Hiring Spree

Amazon Surges Operations With 18-Month Hiring Spree

A lot of people in the United States are still looking for steady work. If you are not among that population then it is quite likely that you know someone who is. Over the next year and a half, though, roughly 100,000 of those people... 
JPMorgan Chase And PayPal In Deal To Expand Mobile Payments

JPMorgan Chase And PayPal In Deal To Expand Mobile Payments

PayPal and JPMorgan Chase have announced a partnership deal aimed at increasing the adoption of online payments. The deal will assist in widening the reach of the Chase Pay service, an app on mobile devices unveiled to increase the... 
Apple Pay Launches Massive Promotion In China

Apple Pay Launches Massive Promotion In China

Apple has launched its biggest promotional campaign for Apple Pay in China since the payments platform was introduced in the country several months ago. The promotion is slated to last one week beginning on July 18 and ending on July... 
Vertex Will Go Ahead with Promising New Cystic Fibrosis Drug Trials (VRTX)

Vertex Will Go Ahead with Promising New Cystic Fibrosis Drug Trials (VRTX)

Vertex Pharmaceuticals Inc (NASDAQ: VRTX) released new clinical findings that show how promising a new cystic fibrosis treatment could be.  The approach combats the condition, improving lung function by significant measure and improving... 
Visa Launches Cashless Challenge To Spur Electronic Payments

Visa Launches Cashless Challenge To Spur Electronic Payments

Visa has launched an initiative aimed at pushing small businesses into upgrading the digital payment technology that they use. As an incentive 50 small businesses based in the United States that show commitment to embracing a cashless... 
Single’s Day Is Bigger Than Prime Day ?

Single’s Day Is Bigger Than Prime Day ?

Though Amazon’s Prime Day sales event receives more attention and hype, the promotional sales holiday of Chinese online retail giant Alibaba generates more revenues by far. Single’s Day, as Alibaba’s promotional sales holiday... 
Alphabet X Launches Dandelion Energy Geothermal Residential HVAC System Development

Alphabet X Launches Dandelion Energy Geothermal Residential HVAC System Development

Dandelion Energy Inc is a new, home geothermal startup from the Google Parent Alphabet’s X Division. The company has just announced it has successfully raised $2 million in seed money to get its sales and operations department... 
Dow Jones Flat if Not Steady; Tech Stocks Drag

Dow Jones Flat if Not Steady; Tech Stocks Drag

The Dow Jones Industrial average traded just shy of break even numbers, today, with Chevron and Walt Disney, surprisingly, contributing the most losses. The 30-stock matrix sat mostly at these levels following the Federal Reserve’s... 
Amazon Buys Whole Foods Grocery Chain In $13.7 Billion Deal

Amazon Buys Whole Foods Grocery Chain In $13.7 Billion Deal

On Friday morning, Amazon (NASDAQ: AMZN) announced a knew deal—worth nearly $14B—as the e-commerce giant aims to buy the organic, all-natural food retailer, Whole Foods (NASDAQ:WFM). In this all-cash deal, the grocer will continue... 
Consumer Spending Hits Four Month High

Consumer Spending Hits Four Month High

The United States Department of Commerce says that numbers show that consumer spending is up right now, following a consistent rebound originally expected in April.  Through the first quarter, softer consumer spending was a big drag... 
Best Buy Posts Surprising High First Quarter Numbers

Best Buy Posts Surprising High First Quarter Numbers

Consumer electronics big box retailer Best Buy posted better-than-expected sales and earnings in its fiscal first quarter report, released Thursday. This, of course, helped to shake off any concerns that recently dubbed “retail apocalypse”... 
Cisco Acquires Mindmeld, An AI Startup, For $125 Million (NASDAQ: CSCO)

Cisco Acquires Mindmeld, An AI Startup, For $125 Million (NASDAQ: CSCO)

Cisco Systems (NASDAQ: CSCO)has disclosed that it is acquiring MindMeld, an artificial intelligence startup based in San Francisco, California, for $125 million. MindMeld becomes the third acquisition by Cisco this month. One of the... 
Nordstrom’s Earnings Rise As Comparable Sales Fall (NYSE: JWN)

Nordstrom’s Earnings Rise As Comparable Sales Fall (NYSE: JWN)

In its latest quarterly results, the bottom-line performance of Nordstrom (NYSE: JWN ) has proved to be stronger than what had been anticipated. Revenue, for instance, rose by 3% to reach a figure of $3.35 billion. This is in contrast... 
Comcast Set to Join Forces With Charter Communications (CHTR)

Comcast Set to Join Forces With Charter Communications (CHTR)

Comcast is already the largest cable provider in the United States, but the company is looking to expand its reach. This week, the cable giant has announced it is teaming up with another leader in the industry, Charter Communications... 
Whole Foods Gives Into Investor Pressure and Restructures Board (WFM)

Whole Foods Gives Into Investor Pressure and Restructures Board (WFM)

Whole Foods (NASDAQ: WFM ) may be known as the grocery store that costs 2-weeks pay every time you shop, but that doesn’t mean the company is doing well in this very unstable time. Indeed, with more and more consumers demanding... 
Will Congress Repeal or Pass Dodd-Frank Measures That Affect Card Transaction Fees?

Will Congress Repeal or Pass Dodd-Frank Measures That Affect Card Transaction Fees?

The United States Congress will be voting on a brand new bill that is aimed at replacing the Dodd-Frank bill, but first it will have to undergo a few edits. One controversial provision of the bill, for example, might now be omitted:... 
Facebook And Google Lose Millions Of Dollars In An Elaborate Phishing Scheme

Facebook And Google Lose Millions Of Dollars In An Elaborate Phishing Scheme

It has been confirmed that Facebook and Google were victims of a phishing scam in which they lost over $100 million. The scam had earlier been reported in March by the U.S. Department of Justice after the arrest of a man who was said... 
Verizon Post First Time Losses, Looks to Reform

Verizon Post First Time Losses, Looks to Reform

Competition is heating up in the [mobile] telecom industry as companies are slashing prices left and right just to retain the customers they already have. There was once a time when price cuts and discounts were reserved solely for... 
Yahoo Scrapes Together 22 Percent Quarter Revenue Bump with Verizon Sale

Yahoo Scrapes Together 22 Percent Quarter Revenue Bump with Verizon Sale

Yahoo has just reported a more than 22 percent bump in quarterly revenue, on Tuesday, as it approaches the sale of its core internet business to telecom company Verizon Communications. Regarding the sale, Yahoo CEO Marissa Mayer comments,... 
Amazon Offering Numerous Part-Time Positions As Hiring Plans Gather Pace

Amazon Offering Numerous Part-Time Positions As Hiring Plans Gather Pace

Amazon has disclosed that it has 30,000 part-time positions available in the United States. The online retail giant expects to fill the positions in the course of the coming year. This will form part of the hiring spree that was announced... 
Starbucks Holds Track to Create 240,000 New Jobs by 2021.

Starbucks Holds Track to Create 240,000 New Jobs by 2021.

At quite an uncertain time, Starbucks is making an effort to add more stability—in the form of creating 240,000 new jobs, globally, within the next 4 years. This will actually amount to approximately 68,000 jobs in the United States... 
US Trade Gap Hits 5-Year High

US Trade Gap Hits 5-Year High

The numbers are in and it looks like the US trade deficit shot up in January to reach its highest level in roughly five years, mostly on the heels of more success from mobile phones and other consumer goods that increased America’s... 
California Pair Sues Kona Brewing over Misrepresentation of Beer Origins

California Pair Sues Kona Brewing over Misrepresentation of Beer Origins

Two California locals have filed a lawsuit claiming that the company who owns Kona Brewing Co misleads consumers, tricking them into thinking that the beer is brewed in Hawaii. A lawyer representing the pair entered the lawsuit into... 
Carl Icahn to Invest in Trump Taj Mahal Casino Purchase, Renovation, and Rebranding

Carl Icahn to Invest in Trump Taj Mahal Casino Purchase, Renovation, and Rebranding

Billionaire investor Carl Icahn announced, Wednesday, that he has reached a deal to sell the iconic Atlantic City Trump Taj Mahal casino to Hard Rock International (and two other New Jersey investors) with a plan to invest $300 million... 
Electronics and Appliance Retailer HHGregg To Close 88 Stores

Electronics and Appliance Retailer HHGregg To Close 88 Stores

HHGregg is a popular East coast appliance and electronics retailer that continues to struggle in this very difficult economy.  Founded in Indianapolis, Indiana in 1955, the company operates more than 200 stores in 19 states, selling... 
New FCC Chair Blocked ISP Privacy Protections Before they Could go Into Effect

New FCC Chair Blocked ISP Privacy Protections Before they Could go Into Effect

President Donald Trump’s newly elected chair of the Federal Communications Commission announced on Wednesday, that the agency would be blocking privacy rules that are designed to protect customers from data breaches and hacking... 
Abercrombie & Fitch To Close Another 60 Stores In Effort to Improve Sales

Abercrombie & Fitch To Close Another 60 Stores In Effort to Improve Sales

If there was ever a sign that the shopping mall is dying this is it:  Abercrombie & Fitch has just announced it will close yet another 60 this fiscal year. Now, that alone is not necessarily a sign of a massive consumer retail... 
Target Shares Fall After Earnings Report Reveals Weak Outlook

Target Shares Fall After Earnings Report Reveals Weak Outlook

Popular big box retailer Target has reported, this week, that sales and earning are lower than Wall Street expected after a disappointing holiday season. This has also caused the retailer to project a weaker outlook for 2017 as a whole.... 
US Consumer Confidence Reachest Its Highest Level in Nearly 16 Years

US Consumer Confidence Reachest Its Highest Level in Nearly 16 Years

While the country remains mostly divided over the political climate, it seems that people are feeling better about the future of the economy. This metric, of course, is reflected in a jump in the Consumer Confidence Index, which hit... 
Rise in Auto Sales Leads To More Buoyant US Retail Sales; Inflation Talks Arise Again

Rise in Auto Sales Leads To More Buoyant US Retail Sales; Inflation Talks Arise Again

Retail sales in the United States rebounded a bit last month, balanced by a small surge in motor vehicle sales and a slight pickup in discretionary spending. This should point us to solid demand that could reinforce several expectations... 
E.L.F Cosmetics Brand Leads Big IPO Week

E.L.F Cosmetics Brand Leads Big IPO Week

Low-priced cosmetics maker e.l.f Beauty managed to raise roughly $141 million in its IPO, which launched at a higher target range than expected, Wednesday. The Oakland-based company has been prepping to start trading on the New York... 
Rite Aid Same Store Sales Gets Pressure From Generics

Rite Aid Same Store Sales Gets Pressure From Generics

Rite Aid Corp has just reported that sales figures came in well below Wall Street estimates in its second quarter, largely due to pressure from pharmacy reimbursement rates and generic drugs. Indeed, the report showed same-store sales... 
Unilever Set to Buy Green Cleaning Company Seventh Generation to Compete with P & G

Unilever Set to Buy Green Cleaning Company Seventh Generation to Compete with P & G

This week, Unilever announced they have agree to acquire Seventh Generation Inc. This Vermont-based company, of course, is best known for its natural, green cleaning products. Last year, Seventh Generation posted sales in excess of...