Markets

Stock Markets

Your complete guide to personal finance and investing with news, predictions, advice, guides and opinion from major finance resources.

Stock Market News – we offer all the latest stock market news and currencies market news.

Sears is laying off 200 more people

Sears is eliminating about 200 jobs, including 150 in its Illinois headquarters. The embattled company’s CEO, Eddie Lampert, announced the changes in a June 26 letter to employees. CNBC first reported the layoffs earlier Wednesday. “Your leadership team and I want you to know that these decisions were not taken lightly or easily,” Lampert wrote. The layoffs were effective immediately, with severance provided through August 25. Sears already laid off about 220 people from from its corporate offices earlier this…

0
Read More

ZTE stock jumps 25% as end to crippling US ban nears

ZTE shares jumped 25% on Thursday after the US government announced the Chinese company will soon clear the last major hurdle to removing a crippling ban. ZTE (ZTCOF), which makes smartphones and telecommunications equipment, has been in crisis mode since the US Commerce Department blocked American companies from selling it vital components in April. The move forced it to halt almost all of its operations and fueled tensions between the Chinese and American governments. After Beijing intervened, the Trump administration…

0
Read More

John Schnatter, Papa John’s founder, resigns as chairman after using N-word

John Schnatter, the founder and public face of Papa John’s pizza, resigned as the company’s chairman hours after he apologized for using the N-word on a conference call in May. Papa John’s (PZZA) said in a statement late Wednesday it would appoint a new chairman “in the coming weeks.” Schnatter had apologized earlier in the day after Forbes reported that he used the racial slur while participating in a role-playing exercise designed to prevent public relations crises. According to the…

0
Read More

Stitch Fix wants a piece of the kids’ clothing market

Stitch Fix wants to dress your kids. After mastering the digital clothing model for adults, Stitch Fix debuted a collection for kids earlier this week. Stitch Fix’s expansion allows it to tap into the United States’ $69 billion children’s apparel and footwear market, and it serves as a test case for whether an online style service will work with kids. More than half of Stitch Fix’s 2.7 million customers have children, and the company wants to get them hooked too,…

0
Read More

Delta and American Airlines’ rising fuel costs are worrying investors

High fuel prices are becoming a big problem for airlines. Delta Air Lines (DAL) cut its full year earnings outlook Thursday, a day after American Airlines (AAL) warned that its costs and sales would be lower than expected last quarter. The culprit: Delta’s fuel cost $654 million more in the second quarter than a year ago, and American said the increase in its fuel costs would be about $50 million more than it had expected. Higher oil prices lifted the…

0
Read More

Uber saved itself in London. But it still has big problems in Europe

Uber has found a way to keep operating in London. But that doesn’t mean it can conquer Europe. With its London license at risk, Uber convinced a judge last month that it had embarked on a corporate overhaul that will change how it operates in the lucrative market. Criticized in the past for its pugnacious approach to business, Uber has now introduced free insurance for drivers in London and limited their operating hours. It opened a 24/7 customer helpline and…

0
Read More

Robinhood expands crypto offerings

Robinhood, a free trading platform for stocks and cryptocurrency, is expanding its crypto offerings beyond Bitcoin and Ethereum to include Litecoin and Bitcoin Cash. Robinhood Crypto has been steadily adding states where the service is available. Currently investors can buy and sell the four coins in 17 states, including California, New Jersey, Florida and Massachusetts, with more states becoming available in the future. Robinhood began offering users the ability to trade Bitcoin and Ethereum — the top two cryptocurrencies by…

0
Read More

Nike’s digital reboot is working

Nike has hit its stride a year after making major changes to how it sells you shoes and clothes. Mired in a slowdown in the United States and facing tough competition from Adidas, Nike laid off about 1,400 workers — 2% of its workforce — and restructured operations last summer. CEO Mark Parker adjusted Nike’s gameplan, announcing a long-term strategy to create a “local business, on a global scale.” The world’s largest sports footwear and athletic company wanted to use…

0
Read More

Netflix needs to blow away forecasts to live up to the hype

Forget “Orange is the New Black.” Some Wall Street analysts think red may be the new green for Netflix’s stock price. Netflix (NFLX) shares are up an astonishing 114% so far in 2018 and close to their all-time high. The company is now worth nearly $180 billion, almost $20 billion more than Disney (DIS). And it was the big winner in the 2018 Emmy nominations, too. Clearly, Netflix has momentum on its side and is in a great position for…

0
Read More

MoviePass stock is 19 cents but the boss says everything is fine

MoviePass’ boss has a few words for his doubters: Don’t worry. Everything is fine. Helios and Matheson, the parent company behind the popular movie subscription service, has seen better days. Its stock has fallen 99% to as low as 17 cents per share from nearly $39 last October. That was just after MoviePass announced it was cutting its price to $10 per month. MoviePass recently announced that it has 3 million subscribers. But the cost has also caused analysts to…

0
Read More

Insurance Freedom Provides Insurance and Financial information and services.

We provide the very best offers from the top Insurance and Financial Companies.

If you are looking to insure your Car, Home, Business or Looking for Holiday Insurance, we will provide guides and the latest products to suit your needs.