The tyranny of gigantic tech stocks, which has supported the US equity market since March, had a major impact this week. For months, the most valued e-commerce and technology companies have staged an almost unrelenting rally during a public health crisis that has caused tremendous pain in the national and …
Read More »Tesla’s prayer for profit, profit tests for Intel and Microsoft highlight first big week of profit contaminated with coronavirus
To date, this earnings reporting season has lived up to expectations that it will be the worst since the depths of the 2008 financial crisis, but a number of big names could offer better news in the coming week. Tesla Inc. TSLA, + 0.01%, Microsoft Corp. MSFT, -0.51%, and Intel …
Read More »Domino’s Pizza could gain market share with ‘improved’ chicken wings
Domino’s Pizza Inc. has introduced a chicken wing menu option that BTIG analysts believe could lure diners away from Wingstop Inc. The 10-piece wing item has new sauces and a price tag, $ 7.99, which analysts say will appeal to value-conscious customers. Domino DPZ, -4.24% It previously had wings on …
Read More »CFPB consumer complaints soar as coronavirus outbreak continues
Americans filed a record number of complaints with the Office of Consumer Financial Protection in March, when the coronavirus pandemic began flooding hospitals and raising unemployment rates. Every month since then, consumer complaint numbers have reached record levels set the previous month, according to a report Friday by consumer advocacy …
Read More »The open secret in the commercial real estate sector is that homeowners regularly withdraw cash from properties – here’s a look at how much
It is an open secret that commercial real estate owners withdraw cash from buildings. When they do, unlike homeowners, criticism is often mild. After all, hotels, shopping malls, office towers, and other commercial buildings are run as businesses, where the primary goal is to make a profit. “The real estate …
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