Author Archives: Douglas A. McIntyre

GE Shares, Down 20%, Put Drag on Dow

The Dow Jones Industrial Average is up 11.2% this year to 21,999. Its performance would be better if one of its 30 components, General Electric Co. (NYSE: GE), was not ...
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6 Most Important Things in Business Today

In a 24/7 Wall St. article titled "Government Share of ACA Premium Hikes Adds $194 Billion to Federal Deficit," it was reported: Total federal subsidies for health insurance in the nongroup ...
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IBM Shares Down 14% in 2017, While Amazon’s Rise 31%

Amazon.com Inc.'s (NASDAQ: AMZN) AWS cloud business is widely considered the leader in the market. Several companies have decided to chase it in this sharply growing market. Among those that ...
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On Strength of MacBook, Apple Notebook Sales Surge

Notebook sales rose 5.7% in the second quarter to 39.96 million units worldwide. Apple Inc.'s (NASDAQ: AAPL) growth, driven by strong MacBook sales, was stronger, with unit sales up 17.1% ...
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Over 7 Million People May Visit Areas to See Eclipse, Causing Traffic Jams

What has been dubbed the U.S. eclipse of the century could draw as many as 7 million people to the areas in which the sun will be 100% blocked out. The ...
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6 Most Important Things in Business Today

The CEO of Intel Corp. (NASDAQ: INTC), Brian Krzanich, quit the president's American Manufacturing Council, joining the CEOs of Merck & Co. Inc. (NYSE: MRK) and Under Armour Inc. (NYSE: ...
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Snap Gets 10% Dead Cat Bounce

Snap Inc.'s (NYSE: SNAP) shares have been down, and by almost any measure should be. It posted terrible earnings. Several high-profile investors, particularly hedge fund operator Dan Loeb, have exited. Insiders ...
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‘Dunkirk’ Ticket Sales Top $150 Million

Widely hailed World War II movie "Dunkirk" passed the $150 million domestic ticket sales level over the weekend, according to Box Office Mojo. Several other films posted lackluster performance. According ...
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GoDaddy Dumps White Supremacy Site

GoDaddy Inc. (NYSE: GDDY) said it would purge a white supremacy site for which it holds the domain. According to a post by the company on Twitter: We informed The Daily ...
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6 Most Important Things in Business Today

The European Union will tighten the screening process for foreign takeovers of companies, according to the Financial Times. Among the reasons may be a surge in China's mergers and acquisitions, ...
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Bitcoin Surges Above $4,000 for First Time

Bitcoin's value continued its relentless march higher as it topped $4,000 for the first time. Although there is a great deal of anxiety about its gravity-defying improvements, the currency sometimes ...
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If Kevin Kisner Wins The PGA, So Does TaxSlayer.com

Almost no one who follows professional golf knows Kevin Kisler, who currently leads the PGA, one of the sport's four major tournaments. If he does win, it will show how ...
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Would Snap Merger With Twitter Solve Many Problems?

The two also-rans of social media are in deep trouble. Neither Snap Inc. (NYSE: SNAP) nor Twitter Inc. (NYSE: TWTR) has shown major user growth in recent quarters. Both have ...
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What Macy’s and Snap Have in Common

One of the nation's oldest and most famous retailers and one of tech's most recent IPOs have something in common. Snap Inc. (NYSE: SNAP) and Macy's Inc. (NYSE: M) have been ...
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6 Most Important Things in Business Today

Uber's largest investor, Benchmark Capital, filed suit to push former CEO Travis Kalanick off the company's board. The VC said it had been misled about trouble at the company when ...
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