Ford’s Latest “Mobility” Push: Lincolns by Subscription

Ford’s Latest “Mobility” Push: Lincolns by Subscription

Ford Motor Company‘s (NYSE: F) Lincoln luxury brand will begin offering month-to-month vehicle subscriptions in a pilot program next year, executives said this week.   Continue Reading Below It’s the latest move by Ford to explore alternatives to traditional vehicle ownership, as the company searches for ways to thrive and profit as technology transforms the traditional auto business.  But this move isn’t exactly original: Lincoln is following in the footsteps of a few other luxury…

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Why Kroger Co. Stock Popped on Thursday

Why Kroger Co. Stock Popped on Thursday

What happened Continue Reading Below Shares of grocer Kroger (NYSE: KR) jumped as much as 13.6% on Thursday, following the company’s release of its third-quarter results. The stock finished the trading day up 6.1%. Kroger stock’s rise on Thursday likely reflects the quarter’s better-than-expected revenue and earnings per share (EPS). Revenue and earnings per share for the quarter were $27.7 billion and $0.44, respectively. On average, analysts were expecting revenue and EPS of $27.5 billion and $0.40,…

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Has Duluth Holdings’ Growth Just Begun?

Has Duluth Holdings’ Growth Just Begun?

Duluth Holdings (NASDAQ: DLTH) is the company behind the Duluth Trading brand of workwear and casual clothing. Having opened just 29 retail stores so far to complement its existing online business, the company is still in the early innings of a significant national expansion. Continue Reading Below But investors have been skeptical of most retail stocks not named Amazon lately — and Duluth is no exception. In spite of back-to-back strong earnings reports, the stock is…

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Senate weighs scaling back tax package to win deficit hawks

Senate weighs scaling back tax package to win deficit hawks

Senate Republicans weighed scaling back the tax cuts in their massive package to secure crucial support as congressional analysts said Thursday the legislation would add $1 trillion to the deficit over the next decade. Continue Reading Below Republicans were making major changes to the bill — a top political priority of President Donald Trump — up to the last minute, including one that would roll back some of the tax cuts after six years to…

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Amazon Web Services Battles Oracle With New Database Products

Amazon Web Services Battles Oracle With New Database Products

Amazon.com (NASDAQ: AMZN) is introducing a slew of new features for Amazon Web Services at its annual AWS re:Invent conference, which runs through Friday. The company is far and away the largest cloud infrastructure provider, and constantly adding new features and products is one way it plans to stay ahead of the competition. Continue Reading Below One area that represents a major opportunity for AWS is the database market. Amazon is a small fish in…

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Kansas plan for new prison draws criticism from lawmakers

Kansas plan for new prison draws criticism from lawmakers

TOPEKA, Kan. –  A plan to have the largest private prison operator in the U.S. build a new state prison for Kansas immediately faced bipartisan criticism from legislators Thursday because the state would pay for the project by leasing the facility from the company for 20 years. Continue Reading Below The state Department of Corrections announced that it selected Core Civic Inc., based in Nashville, Tennessee, to oversee construction of a new prison in Lansing,…

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UAW caucus nominates Missouri official to be next president

UAW caucus nominates Missouri official to be next president

DETROIT –  An influential caucus of United Auto Workers leaders on Thursday nominated a regional director from Missouri to become the union’s next president. Continue Reading Below Gary Jones, who heads a regional office near St. Louis, will lead a slate of candidates to be voted on at the union’s convention in June. In most cases candidates are elected after being nominated by the caucus of local union leaders. Jones likely will replace Dennis Williams…

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Dow makes habit of hitting 1,000-point milestones in 2017

Dow makes habit of hitting 1,000-point milestones in 2017

The Dow Jones industrial average is making 1,000-point gains look easy. Continue Reading Below The Dow closed at 24,000 for the first time Thursday, marking the fifth time in 2017 the index hit a 1,000-point milestone. After closing at 20,000 on Jan. 25, the Dow roared to 24,000 in 10 months. By comparison, the run-up from 16,000 to 20,000 took more than 3 years. The jump from 23,000 to 24,000 took just 30 days of…

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Investors eye ‘Santa Claus rally;” tax overhaul is wild card

Investors eye ‘Santa Claus rally;” tax overhaul is wild card

NEW YORK –  Is Santa Claus coming to town? Wall Street thinks so, even though stocks have already exceeded most expectations this year. Continue Reading Below December on average is the best month for stocks. Investors call the gains a Santa Claus rally: a late-year boost that helps the markets end on a high note. Although there are some warning signs and reasons for concern, analysts have good cause to think December 2017 will bring…

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GOP tax bill gains support; Senate leaders work on holdouts

GOP tax bill gains support; Senate leaders work on holdouts

WASHINGTON –  Senate Republican leaders wrangled with the last few GOP holdouts Thursday as they pushed toward passing the first major rewrite of the nation’s tax code in more than three decades, a package that would impact rich and the poor as well as businesses big and small. Continue Reading Below Senate Majority Leader Mitch McConnell, R-Ky., said he expected a final vote late Thursday or early Friday on a $1.4 trillion package that would…

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