economics

La-Z-Boy Incorporated Down After Earnings Report

La-Z-Boy Incorporated Down After Earnings Report

La-Z-Boy Incorporated (NYSE: LZB) shares crashed more than 18% after the furniture company reported its operating results for the fiscal 2018 first quarter ended July 29, 2017. La-Z-Boy Incorporated manufactures, markets, imports, exports, distribut..

Tax Cut Odds Better with Trump Troubles

Tax Cut Odds Better with Trump Troubles

Chances of tax legislation seem better with increasing dysfunction and turmoil in Washington. Wall Street at least believe so. For Trump, the second week of August was a horrible period. President Donald J. Trump came under a barrage of criticism fo..

IBM Teams Up with Food Giants on Blockchain

IBM Teams Up with Food Giants on Blockchain

Food giants such as Nestle, Wal-Mart Stores Inc (NYSE: WMT), and Unilever NV (NYSE: UN) have joined together to announce a blockchain collaboration with International Business Machines Corp. (NYSE: IBM). Blockchains is a technology that is based on ..

Bannon's Exit Impacts Stock Market

Bannon's Exit Impacts Stock Market

Friday was a happening day both for the White House and the U.S. stock market. Steve Bannon quit as chief strategists, making room for plenty of speculation about what went wrong and whether the exit was voluntary or forced.  Apart from the fac..

Cisco to Buy Springpath for $320 Million

Cisco to Buy Springpath for $320 Million

Cisco Systems Inc. (NASDAQ: CSCO) announced plans to purchase Springpath, a hyper-convergence startup, for $320 million and equity awards.With the acquisition of Springpath, Cisco plans to revolutionize the data center through its innovative Sp..

Herbalife Shares Jump as Company Announces Dutch Auction Self-Tender Offer

Herbalife Shares Jump as Company Announces Dutch Auction Self-Tender Offer

Herbalife Ltd. (NYSE: HLF) stock up about 11% after the nutrition company announced that it has, “commenced a modified Dutch auction self-tender offer to purchase for cash up to an aggregate of $600 million of shares of its common stock at a p..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..