As Alberto Churns in the Gulf, Hurricane Season Looms
The storm season has begun. The National Weather Service reports that activity may be higher than normal. The first storm out of the gate is Alberto.
All Work
Douglas A. McIntyre
Icahn Unloads Part of Herbalife Position, Stock Tanks
Carl Icahn claims his support of Herbalife has helped save the company and enhanced the value of his own shares and all others who held the stock after his early purchase. Now he has…
Why Gap Still Has Too Many Stores
Gap's most recent earnings report shows it still may have too many stores, at least for its flagship brand. Old Navy sales remain the most critical for the company.
Short Interest in Snap Rises as Wall Street Turns Against It Again
The short interest in social media company Snap has risen to 25% of the float, a sign of just how big the bets against it really are.
Short Sellers Overwhelm Sprint as Worries About T-Mobile Rise
The short interest in Sprint shares soared for the latest period. The bets against the merger with T-Mobile are huge.
Best Buy Thought It Could Escape Amazon but Couldn’t
Best Buy's moderately poor quarterly results raised the specter of Amazon.com's relentless cannibalization of Best Buy, which some thought was slowing. They were wrong.
As United Names New Chair, a Reminder Why CEO Was Passed Over
United Continental has named Jane Garvey as its board chair. CEO Oscar Munoz did not get the job, although it had been his to lose.
International Employee Moral Day as Deutsche Bank Cuts 7,000 Jobs
The news that Deutsche Bank would fire 7,000 people is a day old, but it is worth considering why the people lost their jobs.
5 Most Important Things in Business Today
United Continental has a new board chair, Apple wins a huge judgment against Samsung, the value of corporate mergers soars this year, and other important headlines.
There’s a Method to Musk’s Goal Setting Madness
Why does Tesla never seem to meet projections touted by CEO Elon Musk? Analyst Gene Munster of Loup Ventures explains Musk's problem and why he is forced to say what he does.
If Uber Loses $1 Billion, Can It Be Worth $62 Billion?
Uber's valuation raises concerns once again whether companies with huge losses can be worth huge sums.
Foreign Car Tariffs Could Lift Detroit
The White House may do what U.S. automobile makers have been unable to do. That is to reverse their eroding market share.
6 Most Important Things in Business Today
Comcast likely to challenge Disney's bid for some of the assets of 21st Century Fox, Uber kills its U.S. self-driving car business, and other important headlines.
In Win for Nepotism, Revlon’s Perelman Promotes Daughter to CEO
Given train wreck of Revlon's financials, it is a wonder the board did not look outside for a turnaround expert, which would have given stockholders some hope.
Lowe’s Prospects, Hammered by Home Depot and Others, Aren’t Coming Back
Lowe's is surrounded by competition. That may be a problem too large and too tough for one of largest home improvement retailers in America to overcome.
6 Most Important Things in Business Today
Tesla drops the prices of its cars sold in China, Amazon.com clamps down on buyers who return too many things, Las Vegas casino workers could go on strike, and other important headlines.
Eurozone PMI Lowest in Over a Year
There have been worries that the global economy could reach a slow patch, or even a recession, as consumer spending falters, oil price increases take hold and early stages of inflation and trade frictions…
JC Penney CEO Quits, a Huge Blow to Retailer, Questions About Survival
J.C. Penney's CEO quit today, not long after the retailer reported poor quarterly results.
Fortnite Launches Ranked Play, Commits $100M to eSports
Epic Games, creators of the wildly popular Fortnite, have announced a $100 million prize-money pool for the coming year. Loup Ventures' Gene Munster comments.
China to Cut Some Auto Tariffs From 25% to 15%
China's reportedly is set to cut tariffs for some vehicles and car parts. But how much will this help America's largest car companies?