Global Crude Oil Price Hits 4-Year High: 4 Top Picks
Zacks.com, 25 September at 15:04
On Sep 25, crude oil price reached its highest level in four-years as OPEC, the largest oil producing cartel, and its Russia-led allies rejected President Trump's demand to increase oil production in order to reduce price. Notably, oil prices were
As Newell Sheds Brands, a Familiar Foe Circles
Wall Street Journal, 25 September at 15:02
Newell Brands Inc., NWL -6.36% the struggling conglomerate that is unloading several of its household brands, could end up selling one of its oldest businesses, the maker of Bicycle playing cards, to a familiar foe. Martin Franklin, a former Newell
Fed expected to hike rates twice more this year and then risk a 'policy mistake': CNBC survey
CNBC, 25 September at 14:59
Nearly all respondents to the CNBC Fed Survey see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. In addition, 96 percent believe another quarter-point hike is coming in December. About 60 percent see the Fed
Michael Kors acquires Gianni Versace in a bid for the luxury market
Washington Post, 25 September at 14:30
Handbag maker Michael Kors said Tuesday it would buy famed Italian fashion house Gianni Versace for $2.1 billion, a move that will add an exclusive but aging luxury brand to its fold. In a statement, Kors said it would change its name to Capri Holdings.
Detroit stadium worker seen spitting on pizza in viral video may face charges
kfor.com, 25 September at 14:26
DETROIT – A video that shows a former Comerica Park food services employee spitting on pizza intended for customers has gone viral – now officials say the employee is in police custody and could face charges, according to WXYZ. The video was posted to ...
Rates rise as Fed set to begin two-day meeting; 10-year Treasury yield hits highest since May
CNBC, 25 September at 14:13
The Federal Reserve will begin its two-day monetary policy gathering Tuesday, with analysts expecting the central bank to announce a quarter-point rate hike. Members of the FOMC are grappling over how much more monetary tightening is necessary to ...
Michael Kors to buy Versace for $2.1 billion, will change its name to Capri Holdings
CNBC, 25 September at 14:09
Michael Kors is going high-end. The handbag maker is acquiring Gianni Versace for $2.1 billion, including debt, providing Kors a launching pad into the exclusive high-end European luxury market. Following the close of the acquisition, Michael Kors will ...
3 Things Every Investor Should Learn From the Rise and Fall of Tilray
Motley Fool, 25 September at 13:31
For a time, it seemed that nothing could go wrong for Tilray (NASDAQ:TLRY). The Canadian marijuana stock soared 184% in August. It skyrocketed another 228% between Sept. 1 and Sept. 19. No other stock on the market was as hot as Tilray. And then the ...
Comcast Snaps Up 30% of Sky But Questions Over $40 Billion Price Tag Linger
TheStreet.com, 25 September at 13:11
Comcast Corp. (CMCSA - Get Report) rebounded modestly Tuesday after the group said it had acquired around 30% of the outstanding shares of Britain's Sky Plc (SKYAY) since winning the right to buy the broadcaster in a in three round auction that topped ...
With Instagram's Founders Out, Welcome to Facebook, Inc
The Atlantic, 25 September at 13:01
The founders of Instagram, Mike Krieger and Kevin Systrom, plan to resign, the New York Times reported yesterday. Their exit marks the fifth founder departure from Facebook's high-profile acquisitions. WhatsApp's Brian Acton and Jan Koum left in 2017
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