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...
In the wake of the pandemic, a number of stores like Macy's, Whole Foods (owned by Amazon), and Kroger are trying a new tactic to stay afloat: They're going dark. That doesn't mean they're shutting off the lights and calling it a...
Some grocery store chains are bringing back limits on purchasing certain items including toilet paper as COVID-19 cases spike in the U.S. In a statement to USA TODAY, Kroger said they have "proactively and temporarily set purchase limits to two...
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..
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..
BHP shareholders will pocket a record payout, the company announced this morning, bringing the total dividend to $6.7bn (£5.5bn). The miner announced this morning that it would give shareholders an ordinary dividend of $1.33 per share. However, the payout comes on top of a special dividend earlier this year, of $1.02 per share as the company decided to return $10.4bn to shareholders. It came after BHP sold its oil fields in the Permian Basin to BP for $10.5bn last year. Attributable profit grew 124 per cent to $8.3bn, the biggest in five years, while basic earnings per share rose 130 per cent to $1.603. However, profit and dividend fell slightly short of expectations, sending shares in London down around two per cent to 1,746.2p. “As a BHP shareholder you cant be too disappointed. Its been a great year for the company, they have made a lot of money,” Brenton Saunders at Pendal Group, a Sydney-based fund manager, told Reuters. “Thats in a large part a function of commodity ma..
Yields on global bonds have fallen following a renewed call for interest rate cuts from US President Donald Trump and dovish words from European Central Bank (ECB) board member Olli Rehn. Read more: Eurozone inflation falls to well below ECB target in July Trump yesterday evening called for a 100 basis point (one percentage point) interest rate cut from the Federal Reserve “over a fairly short period of time”. Investors attention has turned to both the release of the Fed minutes tomorrow, which will be parsed for signs of willingness to drop rates, and to chair Jay Powells speech at Jackson Hole, Wyoming on Friday, where he is expected to signal more stimulus ahead. Finlands central bank governor Olli Rehn said yesterday evening that the ECB was determined to act if inflation stays stubbornly low. Eurozone inflation came in at just one per cent in July, well below the Banks target of close to two per cent. He said: “A significant degree of monetary stimulus continues to be necessa..
, and Kroger are trying a new tactic to stay afloat){kind=link}
