by Jamie Johnson | Sep 26, 2019 | Markets
The company’s shares soared after a positive earnings report. This week, Nike released its fiscal first-quarter earnings report and the results beat analyst expectations. By midday, the company’s shares rose more than 6% to reach a new 52-week high of $92.79. Nike’s...
by Dorian Holden | Sep 26, 2019 | Markets
Beyond Meat (BYND) is rocketing on a major catalyst. Just this morning, McDonald’s (MCD) announced plans to test a plant-based burger using Beyond Meat patties in Canada. That’s why shares of BYND were up $22 this morning. A 12-week test is expected to begin on...
by Jamie Johnson | Sep 25, 2019 | Markets
Devin Wenig steps down after serving as CEO of eBay for five years. On Wednesday, shares of eBay were hit after the company announced that CEO Devin Wenig is stepping down. The company’s stock fell nearly 2% after the announcement. Here is an overview of the...
by Dorian Holden | Sep 25, 2019 | Markets
Apparently, dreams of vaping riches just went up in smoke. The fallout from the vaping controversy brought an unexpected end to a Phillip Morris (PMI)-Altria merger. “After much deliberation, the companies have agreed to focus on launching IQOS [a heating...
by Dorian Holden | Sep 24, 2019 | Markets
So much for market upside. Major indices are plunging after House Speaker Nancy Pelosi said she will make an announcement on potential impeachment. “Later today I will make an announcement after I meet with my chairmen, my leadership and my caucus,” she...
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