(Reuters) – U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.
A 22-year-old suspect has been arrested and charged with murder days after the killing of rising rap star XXXTentacion, who was fatally shot in his luxury BMW electric car as he left an upscale motorcycle dealership in Florida. Dedrick Devonshay Williams of Pompano Beach was arrested shortly before 7 p.m. Wednesday after a traffic stop, the Broward Sheriff’s Office said a statement Thursday. Jahseh Dwayne Onfroy, 20, who went by the stage name pronounced “Ex Ex Ex ten-ta-see-YAWN,” was gunned down Monday, bringing a violent end to a brief music career that was marked by controversy and arrests. …read more […]
(Reuters) – Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.
(Reuters) – U.S. stocks fell on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.
OTTAWA (Reuters) – Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.
Triple-S Management Corporation is at a 52 week high, but can investors hope for more gains in the future? We take a look at the fundamentals for GTS for clues. …read more […]
WASHINGTON (AP) — States will be able to force shoppers to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big win for states. …read more […]
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.
Timothy Lesko, Granite Investment Advisors partner, discusses the corporate impact of CEO Brian Krzanich’s resignation on Intel. …read more […]
TORONTO (Reuters) – Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson’s Bay Co , urging it to correct its underperformance and extract value from its substantial real estate holdings.
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates. Intel declined to give any further information about the probe. …read more […]
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates. Intel declined to give any further information about the probe. …read more […]
(Reuters) – U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.
Under its “Restock Kroger” program, the supermarket chain has been cutting prices and experimenting with new ways of selling products, while also shutting underperforming stores and shifting away from areas where it does not have a strong presence. The U.S. grocery industry, dominated by Walmart Inc (WMT.N) and Kroger, has been fearful that Amazon.com Inc (AMZN.O) would apply its current distribution strategy at Whole Foods, transforming existing stores into a grocery delivery network. In response, Kroger has been expanding home delivery, curbside pickup and self-checkout services, apart from investing heavily in technology such as its recent deal with …read more […]
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Intel CEO Brian Krzanich resigns after an investigation determined he had an inappropriate, consensual affair with an employee. In other news, the company also raised guidance for the second quarter.
Here’s the performance of the Dow Jones Industrial Average components as of 10:30 am ET:
VZ Verizon Communications 1.62%
PG Procter & Gamble Cc 0.90%
AAPL Apple Inc 0.36%
HD(HB) Home Depot Inc -0.04%
JNJ Johnson & Johnson -0.08%
V Visa Inc -0.07%
UNH UnitedHealth Grp Inc -0.19%
AXP American Express Co -0.19%
IBM Intl Business Machines Corp -0.27%
WMT Wal-Mart Stores -0.31%
KO Coca-Cola Co -0.29%
DIS Disney (Walt) Co -0.43%
XOM Exxon Mobil -0.42%
MSFT Microsoft Corp -0.44%
TRV The Travelers Companies Inc -0.47%
MRK Merck & Co -0.54%
JPM JPMorgan Chase & Co -0.56%
DWDP DowDuPont Inc -0.53%
PFE Pfizer Inc -0.81%
NKE Nike Inc Cl B -0.76%
MCD McDonald’s Corp -0.76%
CSCO Cisco Systems -0.89%
GS Goldman Sachs Grp -1.06%
CVX Chevron Corporation -1.26%
UTX United Technologies -1.40%
BA Boeing …read more […]
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