Markets

Markets

New York City business leaders: Trump should allow transition to Biden administration

More than 150 New York City business leaders are urging President Trump to acknowledge Joe Biden's victory in the presidential election and allow for a transition of power to begin for the sake of the U.S. democracy. Trump's protracted battle against the...

Markets

Snickers parent to buy Kind Bars for $5B

Mars announced that it is acquiring Kind North America, the maker of Kind bars, in an effort to expand the partnership that started three years ago. Mars, which makes Snickers, Milky Way bars, M&M's and other candy bars, is acquiring the company for...

Markets

Trump to ban Americans from investing in Chinese companies

President Trump is increasing pressure on China, and this time he's targeting capital markets. On Thursday, Trump signed an executive order banning Americans from investing in a group of Chinese companies his administration says supply and support China’s military. The order blocks American...

Markets

Whole Foods Market opens first permanent online-only store for delivery orders

There’s no salad or coffee bar at the newest Whole Foods Market. The Amazon-owned grocery store chain is officially opening its first permanent online-only store in Brooklyn, New York, to fulfill orders for grocery delivery, Whole Foods officials shared exclusively with USA TODAY Tuesday. Like other retailers’ online-only stores, also known as dark stores, the store will not be open to the public. On-demand grocery shopping for delivery and curbside pickup have grown in popularity in recent months amid the coronavirus pandemic as many shoppers look to make fewer trips into stores. But this new store was already in the works pre-COVID-19, said Nicole Wescoe, Whole Foods president of the Northeast region, in an interview. We started working on this over a year ago and it was really an opportunity for Amazon and Whole Foods Market to come together and create this vision for the future of grocery online,” Wescoe said. The company gave USA TODAY a behind-the-scenes look at the new Broo..

Markets

JPMorgan (JPM) Stock Down 1.16% Now as Company Releases Poor Q1 2020 Earnings Report

The JPMorgan report shows that the coronavirus pandemic is a factor that is strong enough to significantly dent earnings. JPM stock is in the red now. [contfnewc] Figures have started coming, showing an idea of how the years first quarter has been. Because of the coronavirus pandemic, financial markets crashed quite terribly as normal activity ground to a halt. Some of the worlds largest stocks crashed and a lot of wealth owned by the richest people was lost. With all of these losses still in view, JPMorgan Chase & Co (NYSE: JPM), the largest bank in the U.S., has released a report, unsurprisingly disappointing estimates and investors. Meanwhile, the JPM stock price is falling. At the time of writing, the stock is trading at $97.05 (-1.15%). JPMorgans figures showed that the banks earnings were far less than general market estimates. For example, estimates put earnings per share at $1.84, much higher than JPMorgans reported 78 cents. Also, it announced a profit of $2.87 billion, whi..

1 2 414
Page 1 of 414