Chipotle’s September launch of the queso will not be enough to turn around the burrito restaurant chain’s sales, according to one Wall Street firm. Cowen reiterated its underperform rating for Chipotle shares, predicting the company’s third-quarter sales will come in below expectations. “With proprietary survey data indicating Chipotle’s quality perceptions are near trough levels, we […]
Read moreFewer than 1 million people view Amazon‘s critically acclaimed show, “Transparent,” according to The Wall Street Journal. Amid a disappointing showing at this year’s Emmys, an Amazon Studios executive said “we’re getting chewed up,” according to a Journal report published on Friday. The creators of hits like “The Shield” and “Ally McBeal” — both of […]
Read moreWhy in the world would Major League Baseball home run statistics track the U.S. stock market? It’s tempting to dismiss such a finding as a wild coincidence or a fluke, but as you can see in the chart, the relationship between the two has persisted for nearly 150 years. What’s more, it gets even stronger […]
Read moreSpain apologized Friday for a violent police crackdown on Catalonia’s independence referendum, in a conciliatory gesture as both sides looked for a way out of the nation’s worst political crisis since it became a democracy four decades ago. Spain’s representative in northeast Catalonia, which accounts for a fifth of the national economy, made the apology […]
Read moreThe bonds market is closed Monday due to the Columbus Day holiday. Please see below for Friday’s story. U.S. government debt yields jumped Friday after metrics in the latest Labor Department jobs report showed budding signs of inflation. The closely watched average hourly wages figure rose by an annualized 2.9 percent, a faster pace than […]
Read moreSwitch shares jumped more than 30 percent on the stock’s first morning on the market. The data-center operator was valued at around $4.2 billion in a 31.3 million share IPO. The company raised $531.3 million in the offering, with shares priced at $17, above the expected the range of $14 to $16. Shares opened at […]
Read moreMost of us have done it: eager to build professional leads that might open a door to the next job or sales deal, we’ve accept that LinkedIn request from an unknown contact. Wrong move. A go-to staple for professionals, LinkedIn can pose dangers to unsuspecting users because people have come to have confidence in it […]
Read moreDisclosure: Affiliates controlled by the writer of this column have long positions in Disney. It was a pretty good day for Disney‘s ESPN — a dinosaur, according to its critics — even though it’s the leading and most profitable sports cable channel. On Wednesday, it: In addition, various reports, including this one from Bryan Curtis, […]
Read moreCurrency, United States Finance
‘Revolution is not a joke’: Banks leaving Catalonia is no surprise, says Spain’s ruling party
Political tensions in Catalonia continue to simmer after Banco Sabadell confirmed its intention to relocate its legal headquarters, while Caixabank is due to hold a meeting to discuss the issue later on Friday. Shares in both banks rallied yesterday on the news but have today given up some of those gains. Fernando Sanchez Costa, Catalan […]
Read moreInvestors in U.S. stocks are surely pleased with their gentle climb this year. But do they truly appreciate just how extraordinarily generous the market has been? The amount of upside gain with hardly any downside pain so far makes 2017 one of the best buy-and-hold environments of recent decades. The S&P 500 is up 14 […]
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