Though Amazon has promised steep discounts at Whole Foods stores, now that it owns the organic supermarket chain, Costco still reigns supreme in the ongoing grocery price wars, according to JPMorgan. “[Costco] offers an unquestioned value prop with the best pricing, curated assortment, strong private label offering, and treasure hunt atmosphere,” JPMorgan analyst Christopher Horvers
0 Comments
Without overreacting, concern about North Korea is rational for any investor. Just ask Warren Buffett. Last week the world’s second-richest man said, “We have increased the ability of perhaps even an individual, perhaps a group, perhaps a nation … to kill millions, millions, millions of people in a single stroke.” Buffett added, “We got a
0 Comments
The fallout from Harvey Weinstein’s sexual harassment scandal is hitting Weinstein Co., itself. Goldman Sachs, one of the film company’s original financiers, is “exploring options” on the small stake in the company it still has, the Financial Times reported. Weinstein Co., which was behind award-winning movies like “The King’s Speech” and “The Artist,” originally got
0 Comments
A scandal about falsified quality data at Kobe Steel expanded on Friday, as the Japanese steel maker said nine subsidiaries, including several outside Japan, had either failed to carry out required product checks or had lied about the results. Including products sold by the subsidiaries, Kobe Steel said it now estimated that it had shipped
0 Comments
Consumers should take several steps to make sure that old accounts that are reopened or fraudulent accounts that are created don’t haunt them. First, pull a report from ChexSystems, a specialty consumer reporting agency. Like agencies that provide free credit reports, such as Experian, Equifax and TransUnion, ChexSystems will provide consumers with a free report
0 Comments
Regional lender PNC Financial Services, the sixth-largest U.S. bank by assets, reported a stronger-than-expected quarterly profit on Friday as higher Federal Reserve interest rates boosted the bank’s income. Banks in the United States have got a much-needed boost from the Federal Reserve raising interest rates. The Fed has increased rates three times since the second
0 Comments
In other cases, cybercriminals may attack small businesses in order to access larger companies they do business with, Kaiser said. When hackers gained access to Target in 2013, for example, they did so through the company’s HVAC vendor, Kaiser said. Nearly 90 percent of businesses reported having put in place some cybersecurity protection, according to
0 Comments
While you might not be at the point of deciding exactly what you want retirement to look like, you can be sure you’ll need income after your nonworking years. With pensions largely going by the wayside, retiring comfortably will be based largely on how well you save. If you have access to a 401(k) plan
0 Comments
Airplanes and Panamax cargo ships redefined the parcel service in the 20th century, but those days may be fading quickly. Morgan Stanley believes the SpaceX plan for the Big Falcon Rocket as a reusable mode of Earth transportation could change the game for United Parcel Services and FedEx. “The freight transportation business — especially parcel
0 Comments
The bank also said, however, its fixed-income trading revenue fell 22 percent on a year-over-year basis. Third-quarter fixed-income revenue totaled $2.152 billion versus $2.646 billion in the year-earlier period. Bank of America said the slowdown was “driven by less favorable market conditions across credit-related products, as well as lower volatility in rates products.” “This slowly
0 Comments
Check out the companies making headlines after the bell: Equifax shares rose more than 1 percent in extended trading. Earlier Thursday, the company announced it might have faced another cyberbreach, but the company later said that it was not hacked. Spark Therapeutics‘s stock rose more than 5 percent after hours. An FDA advisory panel voted
0 Comments
Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Shares of Dominos fell 4 percent Thursday after the company beat earnings but disappointed some optimistic investors who were hoping for even better growth. Even though the company reported 8.4 percent domestic
0 Comments
The total value of all bitcoins in existence (roughly 16.6 million) stands at about $86 billion. Add in the other few hundred cryptocurrencies and it’s a $155 billion market. Yet these new assets comprise just a fraction of the world’s multitrillion currency market. And as a new asset with a smaller pool of investors, cryptocurrencies
0 Comments
Target shoppers nationwide will now be able to make purchases on Google Express, after a successful test on the platform in California and New York, the company announced Thursday. The big-box retailer is among several that are deepening their relationships with Google‘s voice-activated shopping platform in a battle for market share against Amazon‘s Alexa-enabled devices.
0 Comments
After back-to-back storms pummeled Texas, Florida and Puerto Rico, many people upped their charitable contributions for 2017. Now it’s time to reap the tax benefit. Daniel Borochoff, president of CharityWatch.org, predicts donations could surpass last year’s record high, driven primarily by overall economic growth, although the recent disasters will also play a role. “The giving
0 Comments