Domino’s Pizza delivery drivers earn more when new stores open, CEO says

Domino’s Pizza delivery drivers earn more when new stores open, CEO says

Domino’s Pizza’s steady sales and store growth has made it easier for the pizza chain to lure new employees in a competitive labor market, CEO Richard Allison told analysts on Tuesday. Continue Reading Below The U.S. unemployment rate currently stands at 3.7 percent, its lowest point in nearly five decades. Allison acknowledged that Domino’s franchisees are feeling the labor crunch, but noted that brisk sales growth in recent quarters has made it easier to add…

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Oil inches up on surprise decline in crude inventories

Oil inches up on surprise decline in crude inventories

Oil prices rose for a fourth day on Wednesday after industry data showed a surprise decline in U.S. crude inventories and tension over the disappearance of a prominent Saudi journalist stoked supply worries. Continue Reading Below Brent crude was up 15 cents at $81.56 a barrel by 0735 GMT, after gaining $1.15 in the previous three sessions. The global benchmark, which hit a two-week low late last week as equity markets dropped, is trading around…

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Stock futures look at add to earnings-fueled rally

Stock futures look at add to earnings-fueled rally

US stocks soar on job openings report S&P Investment Advisory Services portfolio manager Erin Gibbs and Money Map Press chief investment strategist Keith Fitz-Gerald discuss how the number of job openings rose to a record 7.14 million in August. Equity futures were higher following a day that saw the Dow add more than 500 points, boosted by stronger earnings reports. Continue Reading Below Dow Jones futures were rising by 0.11 percent. The S&P 500 added…

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SEC rules NYSE, Nasdaq didn’t justify market data fee increases

SEC rules NYSE, Nasdaq didn’t justify market data fee increases

US stocks soar on job openings report S&P Investment Advisory Services portfolio manager Erin Gibbs and Money Map Press chief investment strategist Keith Fitz-Gerald discuss how the number of job openings rose to a record 7.14 million in August. The Securities and Exchange Commission on Tuesday ruled the country’s biggest exchanges didn’t justify increases in fees they charge for certain market-data products that brokers and traders consider essential to their business. Continue Reading Below The…

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Railroad operator CSX’s quarterly profit tops Wall Street target

Railroad operator CSX’s quarterly profit tops Wall Street target

CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight. Continue Reading Below Third-quarter net income was $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv data. In the same period last year, CSX earned $459 million, or 51 cents per share. Revenue increased 14 percent…

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Netflix surges on massive subscriber growth

Netflix surges on massive subscriber growth

Netflix shares surged more than 10 percent in after-hours trading Tuesday after the streaming giant easily topped expectations for quarterly earnings and subscriber growth. Continue Reading Below The Los Gatos, California-based company said revenue jumped 34 percent to $4 billion, matching estimates of Wall Street analysts polled by Refinitiv. Earnings jumped to 89 cents per share, well above a projected 68 cents. Netflix also posted strong subscriber growth – a key barometer of the company’s…

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Cryptocurrencies are entering a bull market, as stocks turn bearish

Cryptocurrencies are entering a bull market, as stocks turn bearish

A day after financial services giant Fidelity leaped into cryptocurrencies, fund manager Mark Yusko is predicting it could be the next booming market. Continue Reading Below “We think that the equity markets are the beginnings of a bear market,” he told FOX Business’ Maria Bartiromo on Tuesday. “We think the crypto market is the beginning of a bull market.” The 72-year-old firm which manages $7.2 trillion in client assets, launched a new business dubbed Fidelity…

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Goldman Sachs profit beats on higher equity trading, investment banking

Goldman Sachs profit beats on higher equity trading, investment banking

Strong earnings from big banks may help US stocks recover Belpointe Asset Management chief strategist David Nelson, The Stock Swoosh’s Melissa Armo and Payden & Rygel chief economist Jeffrey Cleveland discuss how strong earnings from JPMorgan Chase, Citigroup and Wells Fargo can help the stock market recover from the selloff. (Reuters) – Goldman Sachs reported a better-than-expected quarterly profit on Tuesday, driven by its equities trading and investment banking businesses that offset weakness in bond trading….

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Johnson & Johnson quarterly profit rises 4.5%

Johnson & Johnson quarterly profit rises 4.5%

Oct 16 (Reuters) – Johnson & Johnson on Tuesday reported quarterly profit above estimates and raised its full-year forecast, as demand for its cancer drugs Zytiga and Imbruvica helped offset decline in sales of blockbuster drug, Remicade. Continue Reading Below J&J said it now expects adjusted 2018 earnings per share to be in the range of $8.13 and $8.18, up from its previous range of $8.07 to $8.17. Sales of rheumatoid arthritis treatment Remicade fell 16.3 percent to $1.38…

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BlackRock profit beats on demand for low-risk funds

BlackRock profit beats on demand for low-risk funds

Oct 16 (Reuters) – BlackRock Inc reported a better-than-expected quarterly profit on Tuesday, as more people poured money in its low-risk funds amid heightened trade tensions between Beijing and Washington. Continue Reading Below More investors, however, pulled out money from the asset manager’s institutional index funds, while putting in more money into its low-risk iShares exchange-traded funds. The inflow and outflow of funds also show an ongoing shift in investor preference for low-cost funds that…

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