economics

Baidu Shares Tumble After COO Qi Lu Steps Down

Baidu Shares Tumble After COO Qi Lu Steps Down

Baidu Inc. (NASDAQ: BIDU) on Friday announced that Qi Lu will step down from chief operating officer, sending the stock down more than 7 percent.Lu, a former executive at Microsoft, joined Baidu in January 2017. The company said Lu will no longer se..

Campbell's Shares Plummet After CEO Resigns and Weaker Outlook

Campbell's Shares Plummet After CEO Resigns and Weaker Outlook

Campbell’s Soup Company (NYSE: CPB) shares plummeted on Friday after its Chief Executive Officer Denise Morrison abruptly resigned and its weaker-than-expected fiscal outlook. Shares fell by 11.3 percent after the opening bell.Morrison served ..

Morgan Stanley Predicts Bull Market End

Morgan Stanley Predicts Bull Market End

It is Morgan Stanley (NYSE: MS) prediction that stocks may rally for one more time during summer 2018 prior to hitting an all-time high in the latter months. The company cited a number of positives which are fast degenerating into negatives. Inflati..

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

In 2017, with the historically low unemployment rate of 3.9% and over 200,000 jobs gain through 2018, the wage growth remained sluggish. According to historical data provided by Labor Department, there is a 4.3% rose in 2000 when the unemployment ra..

Boot Barn Holdings Released Fourth-Quarter Earnings, Topping Estimates

Boot Barn Holdings Released Fourth-Quarter Earnings, Topping Estimates

Boot Barn Holdings, Inc. (NYSE: BOOT) released its financial results for the fourth quarter ended March 31, 2018. Both earnings and revenue beat estimates, and shares of the company increased over 16% in premarket trading on Wednesday.For the fourth..

Amazon Offers Prime Members Discounts at Whole Foods

Amazon Offers Prime Members Discounts at Whole Foods

Amazon.com Inc. (NASDAQ: AMZN) is now offering Prime members even more incentives after raising its annual fee by 20 percent. Beginning on Wednesday, Prime members will receive an additional 10 percent off sale items and weekly deep discounts on bes..

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Inc. (NASDAQ: TSLA) shares fell on Tuesday after Morgan Stanley cut its target for the electric car company, citing concerns on the company’s profitability.According to CNBC, Morgan Stanley’s analyst Adam Jonas cut his price target..