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US President Donald Trump’s son-in-law and senior adviser Jared Kushner has reportedly had his security clearance downgraded. This may complicate US peacemaking efforts in the Middle East, which he is in charge of. Kushner’s clearance was downgraded from Top Secret to Secret, according to Politico, which cited a February 23 memo supposedly originating from the […]
Wall Street researchers KeyBanc Capital Markets and Bernstein have lowered their ratings for Apple shares due to slowing iPhone sales. This week, the firm reported weaker than expected iPhone sales for December. Read more “Soft iPhone sell-through suggests a saturated market and the lack of gross margin upside reduces our view of potential profit growth,” […]
Rick Wilking/Reuters Apple is coming out of a strong final quarter in 2017, and sales of its iPhone X flagship seem to be going well. However, the firm’s stock has historically taken a hit following the launch of “tick” iPhone models, like the iPhone 5 and iPhone 6. Most analysts believe that the radical differences […]
Hollis Johnson An analyst downgraded Chipotle’s stock citing labor costs. The idea that Chipotle is paying its workers too much points to a misconception that labor costs shouldn’t have to rise. The author argues Chipotle’s inability—or unwillingness—to drive labor costs proportionally lower may actually be a positive sign. Chipotle had its stock downgraded on Wednesday by […]
Hurricane Harvey made landfall between Port Aransas and Port O’Connor in Texas Friday night, with maximum sustained winds of 130 mph. Harvey has been downgraded to a tropical storm, but dangerous rain and flooding continue, with as much as 40 inches of rain expected in some places. One fatality has been reported in Rockport, Texas, one of the […]
Official Portrait US Rep. Steve Scalise, the Republican lawmaker wounded in a shooting last month at a congressional baseball practice, was transferred back to a hospital intensive-care unit on Wednesday night. His condition has been downgraded to “serious,” according to a statement from MedStar Washington Hospital Center, which cited concerns about a possible infection. Scalise […]
