Forbes recently released its annual list of the five wealthiest hip-hop moguls in the world. Some familiar names topped this year’s list, with Sean “Diddy” Combs taking the top spot with a net worth of $820 million.
The auto industry has been suffering from a pricing decline so far in 2017, but slumping prices are not the only issue weighing down the industry in 2017. Credit deterioration and regulatory investigations into the use of GPS systems and kill switches are also issues that could impact auto lending through the balance of the…
President Donald Trump may exercise a rarely used presidential legal authority to prevent former FBI director James Comey from testifying about conversations he had with the president in front of the Senate next week. Comey has said Trump pressured him to end an ongoing FBI investigation into potential ties between Trump’s former security advisor Michael…
Analog Devices, Inc. ADI stock exploded higher to new all-time highs Wednesday after the company reported a $0.19 EPS beat and a $109 million revenue beat in the first quarter. However, after peaking as high as $90.49 on its highest daily volume in nearly a year, Analog Devices performed a quick 180-degree turn, finishing Thursday’s…
Disappointment with the pace of the global oil market recovery once again has Exxon Mobil Corporation XOM shares trading near the critical $80 support level. A breakdown below $80 support could be bad news for Exxon bulls. Here’s why.
There are plenty of market analysts out there who have predicted that the eight-year-old bull market still has legs, but one recent comment from a Nobel Prize-winning economist carries particular meaning to value investors.
One of the top priorities of President Donald Trump and Republicans in Congress is to ease the tax burden on American companies. Republicans will likely use a combination of tax cuts and tax reform to lower corporate taxes to 25 percent, Height Securities analyst Peter Cohn said.
The state of Ohio has filed a lawsuit against several top pharmaceutical companies, alleging that the companies violated the law in facilitating the spread of prescription opioid painkiller drugs that have contributed to a national opioid and heroin epidemic.
McDonald’s Corporation MCD shareholders have voted down proposals to update the company’s policies regarding the use of antibiotics in its meat, to assess the environmental impact of polystyrene foam cups and to release a report on the company’s charitable contributions. For environmentalists and supporters of natural food, the votes came as a major disappointment. For…
As signs continue to point to a deteriorating U.S. auto industry, a report from Moody’s Investor Service revealed one of the nation’s largest subprime auto lenders isn’t even bothering to check its borrowers’ income.