GameStop Continues to Fall Apart

Video game retailer GameStop (NYSE: GME) reported its fourth-quarter results after the market closed on Tuesday. It wasn't pretty. While comparable sales edged up during the quarter thanks to a calendar shift and the timing of Call of Duty, total sales from continuing operations plunged 7.6% year over year. On top of the sales decline, asset impairment charges and other […]

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Wall Street bonuses fall over $30K despite profit upturn

The average bonus paid to Wall Street traders dipped by more than $30,000 despite a jump of 11 percent in securities industry profits, according to a report released Tuesday by the comptroller for New York state. Comptroller Thomas DiNapoli's annual estimate of the average bonus paid to security industry employees found that bonuses fell 17 percent last year, from $184,400 […]

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Nike and Boeing fall while Hibbett and Tiffany post gains

Stocks that moved substantially or traded heavily on Friday: Nike Inc., down $5.82 to $82.19 Continue Reading Below The athletic apparel maker reported weaker-than-expected sales in North America and warned of a sales slowdown. Boeing Inc., down $10.53 to $362.17 Indonesia's flagship carrier became the first airline to seek to cancel an order of the aircraft maker's 737 Max 8 […]

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Boeing shares fall again as crash probes intensify

Boeing shares fell 3 percent on Monday after a pair of newspaper reports over the weekend raised more questions about the certification process for its 737 MAX jets before two recent deadly crashes. A Wall Street Journal report on Sunday said the US Transportation Department was probing the Federal Aviation Administration’s approval of the 737 MAX and in particular its […]

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US stocks fall in morning trading, extending weekly losses

U.S. stocks moved lower in morning trading, led by banks and technology companies, putting the market on track for its first losing week since January. Continue Reading Below Utilities and real estate stocks eked out slight gains as investors moved toward safer holdings. A lack of concrete news on trade and lingering economic concerns has been weighing on stocks all […]

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The mighty fall of India’s business czars

Who is to take their place?Will a new generation of entrepreneurs start up with better business sense, or at least better luck?But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan. First, there was Prompt Corrective Action for banks. Now we have it for businessmen. Anil Ambani’s group […]

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2 Pot Stocks Expected to Fall at Least 25%, According to This Wall Street Firm

The marijuana industry is growing at a blistering pace, and it's led to rapid appreciation in most marijuana stocks. With the exception of the fourth quarter, pot stocks have been mostly unstoppable since the beginning of 2016. In January alone, 15 marijuana stocks rose by no less than 50%. The impetus for this rally is the legalization of recreational cannabis […]

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Will the US fall into a recession by the end of 2020? Half of business economists think so.

WASHINGTON (AP) — Roughly half the nation’s business economists say they think the U.S. economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021. The finding comes from the latest survey by the National Association for Business Economics of its member economists. Just 10 percent of them […]

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Republicans, don’t fall for the Alexandria Ocasio-Cortez trap

Rep. Alexandria Ocasio-Cortez, D-N.Y., delivers her inaugural address following her swearing-in ceremony at the Renaissance School for Musical Theater and Technology in the Bronx borough of New York on Saturday, Feb. 16, 2019. (AP Photo/Kevin Hagen) Last year, Alexandria Ocasio-Cortez was a 29-year-old bartender. Today she’s a political phenom in Congress and one of the leading voices of the socialist […]

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