Pepsi’s slogan may have once been “The Choice of a New Generation,” but one grocery store owner has chosen to no longer sell its products because they feature the NFL logo. A Facebook post from S&Z Grocery in Athens, Alabama, stated the store would not sell the products until the logo is removed. “This may cause […]
Category: Market
Dow Jones Drops Over 800 points
U.S. stocks dropped sharply Wednesday as a massive selloff in the biggest tech stocks drove markets to lows not seen since this winter. The Dow plunged 831 points, losing 3.15 percent of its value. It was the second-biggest drop of the year for the Dow, which on Feb. 5 lost over 1,100 points in a […]
Trump Blames The Fed For Historic Stock Drop
President Trump on Wednesday said the Federal Reserve “has gone crazy” with a series of planned interest rate increases after U.S. stocks suffered their worst daily losses since February. Trump told reporters on Air Force One that the Fed had raised rates too quickly after being asked his reaction to Wednesday’s massive stock sell-off, according […]
Ford Considering Lay-offs Due To Trump Tariffs
Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a “redesign” of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced. The number of jobs that will be axed is unknown at this point. “A lot of the (reorganization) is […]
Canada And Trump Replace Current NAFTA With New Deal
WASHINGTON — The United States and Canada reached a deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, beating a midnight deadline with agreements to substantially boost American access to Canada’s dairy market and protect Canada from possible U.S. auto tariffs, sources with direct knowledge of the talks said. President Donald Trump […]
Nike Stock Soars To Another Record High
Nike shares just sprinted to an all-time high, and some market watchers foresee even bigger gains. The athletic apparel company is the best-performing stock in the Dow Jones Industrial Average this year, up 36 percent and far outpacing peers like Foot Locker and Skechers. The bulk of its gains have come in just the last […]
Nike Stocks Reach All-Time High After Kaepernick Ad
It appears Nike is doing just fine in the wake of one of the most predictably divisive marketing campaigns in recent memory. Ten days after Nike announced that Colin Kaepernick would be the face of its “Just Do It” 30th anniversary ad campaign, the sports apparel behemoth’s stock price closed at an all-time high on […]
Economy Adds 201,000 Jobs In August
The U.S. economy added 201,000 jobs in August, slightly above expectations, as the job market rebounded following a July slump. The unemployment rate held steady at 3.9 percent, near an 18-year low, the Labor Department reported Friday. Estimates had been for about 190,000 jobs to be added in August. There were 50,000 fewer jobs in June and July […]
157,000 Jobs Added In July; Unemployment Down To 3.9%
The U.S. economy added 157,000 jobs in July, below expectations, as the job market cooled but remained strong amid a tightening labor market. The unemployment rate fell to 3.9 from 4 percent in June, the Labor Department reported on Friday. Estimates had been set at about 190,000 jobs in July. Employers added 268,000 jobs in May […]
China Threatens To Add $60 Billion In Trade War Tariffs
China announced on Friday that it would impose retaliatory tariffs on $60 billion worth of U.S. imports in response to President Trump’s plans to raise tariff levels on Chinese goods, a move expected to further escalate trade tensions. The Chinese Ministry of Finance said it would impose tariffs upward of 25 percent on 5,207 American […]
Trump Announces Major Win In Trade War
President Trump announced Wednesday that he has secured major trade concessions from European Union officials as part of an effort to head off a trade war between the U.S. and the E.U. After talks at the White House with E.U. officials, Trump announced in a joint Rose Garden appearance that the delegation had agreed to […]
Trade War Killing Farmers, Trump To Give $12 Billion Welfare Bailout
The Trump administration announced Tuesday that it will grant up to $12 billion in emergency aid to farmers hurt by retaliatory tariffs in the ongoing trade fight with China and other American trading partners. Secretary of Agriculture Sonny Perdue said that the plan, which will provide direct assistance and other temporary relief for farmers through […]