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Walmart Scoops up Ad Tech Startup Polymorph Labs to Boost Its Advertising Business

Walmart Scoops up Ad Tech Startup Polymorph Labs to Boost Its Advertising Business

It seems like there would be no more industries where Walmart can break new ground, but this week the retailer announced it is getting into the advertising business.  Posted to its website, Thursday, Walmart Media Group... 
Bill Banning Federal Government From Creating Free Tax Preparation  Software Passes in US House

Bill Banning Federal Government From Creating Free Tax Preparation Software Passes in US House

Free electronic tax-filing programs have been banned in a bill that was passed by the US House of Representatives on Tuesday, April 9, 2019.  The bill which includes terminology that would permanently ban the Internal... 
US Retail Sales Slide in February, Suggest Slowing Economy

US Retail Sales Slide in February, Suggest Slowing Economy

Retail sales in the United States slid a little in February, signaling a downshift in economic growth for the year as the $1.5 trillion tax cut stimulus and government spending boost starts to fade. The weak US Department... 
ISS Green Lights Celgene Takeover of Bristol Myers

ISS Green Lights Celgene Takeover of Bristol Myers

Shares of Celgene Corporation soared Friday after Institutional Shareholder Services recommended that investors should vote in favor of the company’s takeover of Bristol Myers Squibb.  With the vote still a couple... 
Eli Lilly to Launch Half-Price Generic of Prescription Insulin

Eli Lilly to Launch Half-Price Generic of Prescription Insulin

The pharmaceutical industry has been greatly scrutinized of late over the high cost of new prescription medications.  Eli Lilly & Co, for example, has caught a lot of flak over the exorbitant prices for its insulin... 
Grocery Stocks Take A hit After Amazon Announces Grocery Chain Plans

Grocery Stocks Take A hit After Amazon Announces Grocery Chain Plans

Amazon CEO Jeff Bezos has a lot of big ideas about where to take his company.  While they have not always panned out as expected, he is obviously not shy about taking risks; and taking them as far as he can.  This... 
Gap To Split off Old Navy As Public Company

Gap To Split off Old Navy As Public Company

The retail industry has been struggling, but that is probably no surprise to anyone.  And those businesses that have managed to survive have still had to undergo some kind of transformation.  Even long-time... 
Shares Fall 28 Percent After Kraft Heinz Writes Down $15 Billion

Shares Fall 28 Percent After Kraft Heinz Writes Down $15 Billion

Kraft Heinz has disclosed they are currently under a federal investigation which has caused them to slash the value of the Oscar Mayer and Kraft brands by $15.4 billion.  This is a massive setback for a company that... 
What Does the Future Look Like for the US Dollar?

What Does the Future Look Like for the US Dollar?

The value of gold tends to be a solid indicator of economic health, particularly in North America, and more specifically in the United States.  This week, then, the value of gold seems to tell us that the US dollar is... 
Despite Beating Earnings and Revenue Estimates, Alphabet’s Stock Falls

Despite Beating Earnings and Revenue Estimates, Alphabet’s Stock Falls

Sometimes when you come out on top you still may not be the winner at the end of the day.  Take Google’s parent company, Alphabet Inc, for example:  They might have beaten Wall Street fourth quarter earnings... 
Apple, Amazon, and Facebook Help Boost Wall Street to Three-Week High

Apple, Amazon, and Facebook Help Boost Wall Street to Three-Week High

Things are starting to look good in the stock market this week. On Tuesday, the S&P 500 made an impressive jump to a three-week high, led mostly by FAANG stocks Facebook, Amazon, and Apple. Industrial shares also hedged their... 
Stocks Struggles After Apple Reports Weak iPhone Sales

Stocks Struggles After Apple Reports Weak iPhone Sales

The past couple weeks have been pretty rough for Wall Street and stocks took another tumble on Thursday. This time, it is tech stocks taking the biggest hit— suffering their worst drop in seven years—on the heels of Apple... 
Will the Dow Jones’ Big Jump The Day After Christmas Help the Whole Market Recover?

Will the Dow Jones’ Big Jump The Day After Christmas Help the Whole Market Recover?

The stock market took quite a dismal hit on Christmas Eve but the turnaround may have already begun.  If the rest of the market can recover the way the Dow Jones Industrial index has, perhaps things will reset by the New Year. Indeed,... 
Sprint To Pay New York State $330 Million For Unpaid Taxes in False Claims Act Violations

Sprint To Pay New York State $330 Million For Unpaid Taxes in False Claims Act Violations

Sprint has paid New York State a record-breaking $330 million to settle a False Claims Act suit that was filed by the team of New York State Attorney General Barbara D. Underwood and Acting Tax Commissioner Nonie Manion. The New York... 
Ford Motor Company Issues Truck Recall Over Heater Cable Fire Risk

Ford Motor Company Issues Truck Recall Over Heater Cable Fire Risk

American carmaker Ford Motor Company has announced they are recalling approximately 900,000 F-150 and Super Duty trucks in the North American market. The recall is intended to address an issue with an engine block heater cable that... 
Will Micron Share Price Bottom Out?

Will Micron Share Price Bottom Out?

In its most recent quarterly report, US chipmaker Micron Technologies Inc showed their outlook dropped by more than $1 billion. Unfortunately, Wall Street estimates for the company were already low, and the combination continued to... 
Daimler To Invest Heavily in New Batteries for The Switch to Manufacturing All-Electric Vehicles 

Daimler To Invest Heavily in New Batteries for The Switch to Manufacturing All-Electric Vehicles 

Car company Daimler has recently announced plans to buy $23 billion worth of battery cells by 2030 as they prepare to shift gears towards mass production of hybrid and fully-electric vehicles.  This makes the German automaker just... 
GoPro To Relocate All US-Bound Camera Production from China (But Probably not to the US)

GoPro To Relocate All US-Bound Camera Production from China (But Probably not to the US)

GoPro Inc took preliminary steps to move most of its US-bound camera production away from China.  The goal is to be completely relocated by the summer of 2019 in anticipation of new Chinese tariffs from US sanctions. Previously, GoPro... 
Netflix Viewership On the Rise, but Licensed Content Migration May Prove Otherwise

Netflix Viewership On the Rise, but Licensed Content Migration May Prove Otherwise

For longtime Netflix members, the switch to original content was a somewhat difficult transition:  after all, the original purpose of Netflix was to bring make Hollywood movies more accessible to your living room.  From a business... 
FCA To Re-Open Detroit Assembly Plant As Demand for Jeep and Ram Vehicles Grow

FCA To Re-Open Detroit Assembly Plant As Demand for Jeep and Ram Vehicles Grow

At present, all US-spec Jeep Grand Cherokee vehicles are built at the Detroit Jefferson North Assembly facility.  These vehicles have been built at this plant since it originally opened in 1991 but a new report suggests that another... 
Fears of Slowing Growth Drop the Dow by 800 Points

Fears of Slowing Growth Drop the Dow by 800 Points

The US stock market took a big tumble on Tuesday—quickly reversing all the gains made in the previous week—on investor concern over the US-China trade relations.  Apparently, the truce that was established over the weekend did...