A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fleet truck drivers as much as $110,000 in their first year with the big-box retailer, up from an average starting salary of $87,000. Yellow Corp., … Read more
The Federal Reserve could cause a "cathartic flush out" in stocks this week, creating a buying opportunity, according to Evercore ISI’s Julian Emanuel.
The scene is set for an increase in companies looking to spin off businesses, but results can be uneven. Here’s how to improve your odds.
Here are the biggest calls on Wall Street on
Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble – Shares of the online dating company surged more than 43% in midday trading. Fourth-quarter revenue was just short of expectations from Refinitiv. Still, BMO upgraded Bumble to outperform from market perform, saying in … Read more
XPO Logistics announced after the closing bell Tuesday it will become solely a trucking company, spinning off its high-tech truck brokerage business into a separate publicly traded firm. “This is one great company becoming two great companies.” XPO Chairman and CEO Brad Jacobs told CNBC. “There’s a large universe of investors who want to invest … Read more
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and … Read more
Check out the biggest calls from Wall Street analysts for Friday, Feb. 25.
Check out the companies making headlines before the bell: Peloton (PTON) – Peloton added 1% in premarket trading after surging more than 20% in each of the past two sessions. Yesterday’s gains came after the fitness equipment maker announced that CEO John Foley was stepping down in favor of former Spotify and Netflix CFO Barry … Read more