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AP Kroger easily topped first-quater expectations on Thursday. Digital sales spiked 66% over the previous quarter as Kroger faces increasing competition from Amazon. The stock surged more than 8% in early trading. Follow Kroger’s stock price in real-time here. Kroger surged more than 9% early Thursday after the US’s largest grocery chain posted earnings that […]
Crude oil prices rose to their highest level in over three years after yuan-backed crude oil futures debuted strongly on the Shanghai exchange on Sunday. North Sea Brent Crude surged above $ 71 per barrel for the first time since 2015 before retreating, though still trading strongly above $ 70 for only the second time […]
Spencer Platt/Getty Images More countries are demanding oil imports coming in from the US. The key drivers are booming U.S. production, expanding pipeline and export capacity, and a slight discount on West Texas Intermediate prices. U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the […]
(AP Photo/Rebecca Blackwell) High-profile incidents in Playa del Carmen in recent weeks have prompted new travel warnings from the US government. The incidents come amid spiraling violence on the peripheries of one of Mexico’s most popular tourist areas. Criminal groups in the area thrive on tourist traffic — and corruption, weak institutions, and social conditions […]
Reuters By an increasing number of measures, US equity valuations are at the highest on record. Investor and former professor John Hussman doesn’t think this is a sustainable situation, and forecasts that stocks will lose two-thirds of their value from current levels. Hussman is an outspoken market pessimist who’s sounded the alarm on equity valuations […]
Instacart Amazon’s purchase of Whole Foods sent shockwaves through the grocery industry, and now competitors are bulking up on competitiveness in order to stand out. Sprouts Farmers Market, a $ 3 billion natural grocery chain, has teamed up with Instacart, which already powers delivery for other local-area chains like Whole Foods, Costco, Safeway, and CVS. Sprouts […]
Reuters / Brendan McDermid The effects of tax reform could stir up some turmoil in what’s expected to be an otherwise very strong earnings season, according to Goldman Sachs. The two areas to watch are required corporate write-downs of deferred tax items and the hundreds of millions of dollars S&P 500 companies will owe in […]
Jefferies Jefferies on Tuesday reported record earnings, driven by a strong year from its investment bank. It’s part of a resurgence for the firm, which jumped two spots to ninth in US investment banking revenue. Investing in talent in recent years while others retreated has helped the bank snatch back market share, as has growing […]
Yves Herman/Reuters Savor the time you have with the companies in the S&P 500, because in 10 years half of them will be replaced. The length of time large-cap stocks have spent in the benchmark index has been declining, from 33 years on average in 1985 to 20 years as of 1990. And their window […]
After a big surge in mumps cases this year, Vancouver Coastal Health is urging young adults to check their vaccination records and make sure they’re protected. CBC | Health News
