Hospitality workers on the Las Vegas Strip filed a lawsuit against casino operators on Monday, accusing companies of failing to protect COVID-19 employees, one of the first efforts to hold employers legally responsible for infections in cases in the United States. The lawsuit, filed in the United States District Court …
Read More »Wells Fargo will cut dividends as BofA, Citi, JPMorgan and Goldman noted that payments to shareholders remained stable after stress tests
Wells Fargo said Monday that it is expected to cut its dividends by an unspecified amount after an annual banking sector health stress test by the Federal Reserve, which represents the only major bank so far that has They reduce shareholder distributions after Examining the financial means of the country’s …
Read More »The Nasdaq is not only outperforming the Dow and S&P 500, but it is having one of its best first halves against its stock market peers.
The chasm between the Nasdaq Compound and its rival benchmarks in the first half of 2020 has been very similar between Olympic sprinter Usain Bolt and everyone else in the world. The tech-laden index has enjoyed a growing advantage between itself and the Dow Jones Industrial Average USA: DJIA and …
Read More »Micron earnings show memory sales surge, forecast suggests more of the same as stocks surge
Shares of Micron Technology Inc. rose on Monday after the memory chip maker said sales increased in the third quarter and are expected to exceed expectations in the last period of its fiscal year. Micron MU, + 1.35% reported third-quarter net income of $ 803 million, or 71 cents per …
Read More »Kim Kardashian’s KKW Beauty gets a $ 1 billion valuation, but that’s 15% less than Kylie Jenner’s beauty brand
The difference between being one of the most recognized people in the world and being one of the most admired is worth around $ 180 million, according to global beauty company Coty. INC. Coty COTY, + 13.39% announced Monday a “strategic relationship” in which he paid $ 200 million for …
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