Battered Valeant Stock Drops a Further 50% After Weak Guidance

In recent months, Valeant has come to be seen as an egregious example of profiteering in the drug industry: Its executives have been called...

Federal court upholds FCC’s net neutrality rules

The Federal Communications Commission's net neutrality rules remain in effect with backing in federal courts — for now, at least. Opponents of the FCC's rules for...

Corporate governance crisis at Viacom: Redstone v. Dauman

Sumner Redstone has officially broken with his protege and friend of 30 years, Viacom CEO Phillippe Dauman. In a blistering statement on Sunday night, a...

Stock rout intensifies in flight to safety: Dow plunges 300+, gold surges

Stocks are set for another sell-off today. Wall Street follow Asian markets and European equities with deep losses. Crude oil is trading...

Why India wiped out 86% of its cash overnight

India is in the middle of an extraordinary economic experiment. On 8 November, Prime Minister Narendra Modi gave only four hours' notice that virtually all...

How Would Bernie Sanders Change Social Security?

It's no secret that presidential candidate Bernie Sanders wants to expand Social Security. In fact, he introduced legislation last year intended to do just...

Jewel-Osco no longer Sells Essential Everyday Parmesan Cheese

  Jewel-Osco no longer sells Essential Everyday Parmesan Cheese. The U.S. supermarket chain took the product known as Essential Everyday 100% Parmesan Cheese off the...

Coca-Cola (KO) Shares Sold by Armstrong Henry H Associates Inc

Armstrong Henry H Associates Inc. lowered its position in Coca-Cola (NYSE:KO) by 3.1% during the fourth quarter, according to its most recent Form 13F...

Consumer confidence falls to seven-month low

Consumers aren’t as optimistic about the economy in early 2016 as they were last fall. WASHINGTON (MarketWatch) — Consumers confidence fell in February to the...

Better Business Bureau Contests Claim That Trump University’s Ratings Improved

Signs were passed around Monday before a Trump rally in Concord, N.C.Credit Travis Dove for The New York Times Donald J. Trump has been boasting...
Uber in Hungary.

Uber Loses at Least $1.2 Billion in First Half of 2016

After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million. The ride-hailing giant Uber...

Amazon stock dives as sales, earnings disappoint

An box containing an order from Amazon.Com is shown after it was delivered to a house in Etters, Pa, Wednesday, Sept 16,...

Cyber hack breached more than 700000 IRS accounts

The Internal Revenue Service (IRS) headquarters in Washington, D.C. A 2015 cyber hack of the IRS potentially gained access to personal data from more than...

IRS taxpayer data theft seven times larger than originally thought

NEW YORK — For the second time, the IRS has revised the estimated damage of a criminal syndicate’s massive theft of American taxpayer data. In...

Gucci sales rise helps owner Kering to higher earnings

Luxury group Kering CEO Francois-Henri Pinault speaks to the media during the full year 2015 results presentation in Paris, Friday, Feb. 19, 2016. The...

EU Warns Emotions Getting Out of Hand on Brexit

European Council President Donald Tusk warned that unrestrained “emotions” could make Brexit talks “impossible” in a veiled swipe at British prime minister Theresa May. The...

Holidaying in Europe post-Brexit, what you need to know

With the holiday frenzy about to begin, most people are afraid, or rather cautious of visiting the UK after their vote to leave the...

Carvana raises a $160M Series C to expand its online dealership and car vending...

The used car industry is an interesting business. The market is huge – 45 million used cars are bought...

Rigged Election – Hillary and Trump Caught Partying with Kissinger at Jesuit Gala

We have been very, very suspicious of Donald Trump since he began his political run. Many believed he was an outsider who was our “only...

Home Depot hiring 80000 seasonal workers

File photo taken in 2014 shows a customer leaving a Home Depot store in Matthews, N.C.(Photo: Chuck Burton, AP) Home Depot (HD) is on a...

Red's Daily Updates

ES Morning Update November 11th 2019

The futures are down some this morning and appear to be out of the rising wedge by just a hair, but one could argue...

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