by Dorian Holden | Sep 19, 2019 | Markets
House Speaker Nancy Pelosi just introduced a plan to lower prescription drug prices. The plan would empower Medicare to negotiate prices on up to 250 of the most expensive drugs on the market, including insulin. Any company choosing not to negotiate could be hit with...
by Dorian Holden | Sep 19, 2019 | Markets
The markets aren’t too happy with the Federal Reserve this morning. All after the central bank cut rates by a quarter point to a range of 1.75% to 2%, disappointing many looking for a deeper cut. The bank also made it clear the cut was meant to serve as an...
by Dorian Holden | Sep 18, 2019 | Markets
Kraft Heinz got squeezed. And unfortunately, there doesn’t appear there’s anything to get excited about. Granted, it is Kraft Heinz. They’re not going out of business. But investors want nothing to do with it. In fact, 3G Capital – the company’s second largest...
by Dorian Holden | Sep 18, 2019 | Markets
No one likes a horrendous earnings surprise. But that’s what FedEx shareholders were given late last night. Last checked, shares are down more than $18 a share after an earnings miss on trade worries, and the loss of Amazon.com as a customer. Adjusted EPS...
by Dorian Holden | Sep 17, 2019 | Markets
Oil prices are suddenly plunging. Just days after an attack knocked out 5.7 million barrels of crude production in Saudi Arabia, oil prices are pulling back on reports that production will return to normal faster than expected. In fact, crude is now down nearly 5% on...
Recent Comments