Finance news

The Hempcoin (THC) plunges 5.41% in the last 24 hours

The Hempcoin (THC) plunges 5.41% in the last 24 hours

The Hempcoin (THC) is down by more than 5% in the last 24 hours as the crypto coin reached $0.016. According to CryptoBeat, the Hempcoin (THC) can reach $0.01 if the current crypto market decline continues. Yesterday, attorney general Letitia James released order against iFinex Inc, the firm which operates […]

Dean Foods Tops Estimates on Profit

Dean Foods Tops Estimates on Profit

Dean Foods Co, the largest dairy processor in the U.S. posted profit for the third quarter and forecast its earnings for the fourth quarter with both topping estimates made by analysts as it has benefitted from a drop in the cost of raw milk, Earnings that excluded certain one-off items […]

Allergan Beats Estimates on Earnings

Allergan Beats Estimates on Earnings

Allergan released its earnings report for the fourth quarter prior to the Wall Street opening bell on Monday, posting adjusted per share earnings of $3.41. That was in comparison to estimates by Wall Street analysts of EPS of $3.34. Revenue at the pharmaceutical company was $4.2 billion, which ended in […]

U.S. Productivity during Fourth Quarter Declined Less Than Thought

U.S. Productivity during Fourth Quarter Declined Less Than Thought

Nonfarm productivity in the U.S. was down less steeply than was previously thought during the 2018 fourth quarter, but still pushed costs up that were labor related as businesses employed more people to increase output. On Thursday, the U.S. Department of Labor said that productivity, which measures the output hourly […]

Chipotle Closed for Food Safety Meeting Until 3:00 P.M. Monday

Chipotle Closed for Food Safety Meeting Until 3:00 P.M. Monday

If you were thinking of having a burrito for a late morning snack or lunch, think again. Chipotle the fast-casual Mexican food burrito chain will be closed on Monday until 3:00 p.m. for a safety briefing that is companywide after the recent outbreaks of E. coli and norovirus sickened patrons. […]

Prospects Not Good for Major Pickup in Global Economy

Prospects Not Good for Major Pickup in Global Economy

The world economy might have another year similar to 2019, with a modest growth for developed economies offsetting the persistent weakness in other areas but generating little inflation and maintaining the interest rates very low. The long-awaited increase by the Federal Reserve in interest rates from their near zero has […]

Dollar General Announces Profit That Beats Expectations

Dollar General Announces Profit That Beats Expectations

On Thursday, Dollar General said its profit had ended higher than expectations of Wall Street as traffic in its stores improved, though the company lowered its sales guidance for 2019. For its fiscal year that ends in January, the discount retailer said it was expecting growth of comparable sales to […]

Walmart Forecasts Flat Sales This Year (NYSE:WMT)

Walmart Forecasts Flat Sales This Year (NYSE:WMT)

At a meeting with investors in New York, Walmart announced that its sales are expected to be flat this year. The retailer previously forecast that net sales would grow 1 to 2 percent for the current fiscal year, through January. The company explained that considerable investments in wages and in […]