by Dorian Holden | Sep 11, 2019 | Markets
California lawmakers just passed a bill that could reshape how companies like Lyft and Uber do business. In fact, Assembly Bill 5 (AB5) could require gig economy workers to be reclassified as employers instead of as contractors. It passed with a vote of 29-11 in...
by Jamie Johnson | Sep 10, 2019 | Markets
Altria shares have tumbled 27% over the past year thanks to declining cigarette sales. The tobacco company Altria has been in the news a lot lately. First, the company was criticized by investors for its decision to reunite with Philip Morris. Then the FDA doubled...
by Dorian Holden | Sep 10, 2019 | Markets
The world’s largest oil company is coming to the market. According to President and CEO Amin Nasser, it will happen “very soon.” “What we have always said is that Aramco is ready for listing whenever the shareholders make a decision to list,” he said, as quoted by...
by Jamie Johnson | Sep 9, 2019 | Markets
The company’s revenue, same-store sales, and online sales grew during the second quarter. It’s been quite the year for Lululemon. The stock is up 64% year to date and has beat analyst expectations at nearly every turn. This continued last week when the company...
by Dorian Holden | Sep 9, 2019 | Markets
Shares of AT&T were up more than 10% this morning. All after Paul Singer’s Elliott Management disclosed a new $3.2 billion stake in the company, and outlined plans that could see the telecommunications giant at $60 a share. “The purpose of today’s letter is to...
by Dorian Holden | Sep 9, 2019 | Markets
While tensions with China seem to be cooling, Iran is posing a sizable problem. And unless Europe can come up with a solution in the next 60 days, the situation could explode. All after Iran said they’ve started using more advanced centrifuges, which could speed...
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