Business

Whole Foods meets 2Q profit forecasts

Whole Foods meets 2Q profit forecasts

Gabrielle Sulzberger will be Whole Foods' new chairwoman. Wells Fargo & Co raised Whole Foods Market from a "market perform" rating to an "outperform" rating in a research report on Thursday. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Whole Foods also announced that Keith Manbeck, a former Kohl's SVP, will become CFO, replacing Glenda Flanagan.


OPEC to consider several scenarios for reducing oil output

OPEC to consider several scenarios for reducing oil output

Ahead of a May 25 meeting of the cartel where its members and Russian Federation are expected to roll over an agreement to cut production, OPEC said in its monthly market report that common policies were needed for market stability. Crude oil prices on the New York Mercantile Exchange (NYMEX ) closed below $50 per barrel on April 24 for the first time since May 29. Non-OPEC oil producers such as Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, ...


Uber deemed transport service by EU top court adviser

Uber deemed transport service by EU top court adviser

Notably, while the CJEU will pass a binding judgment on the validity and interpretation of the relevant European Union law in light of Szpunar's conclusions, it will be the court in Barcelona that ultimately rules on the Uber case . "It will, however, undermine the much needed reform of outdated laws". Uber, which allows passengers to summon a ride through an app on their smartphones, expanded into Europe five years ago.



IAMGOLD Corp (IMG) Receives Average Recommendation of "Hold" from Brokerages

Basically, a price target is an individual analyst's projection on the future price of a stock. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air. Meanwhile, due to a recent pullback which led to a fall of nearly -11.43% in the past one month, the stock price is now with underperforming -3.38% so far on the year - still in weak zone.



BoE: Inflation to hit 2.7% but settle in medium term

But while higher inflation might suggest higher interest rates, the central bank is anxious also about economic growth, which would get further hurt by a rate hike. But the Bank's policymakers said weaker consumer spending would be offset by rising business investment and an improving trade performance as the weak pound and solid overseas demand boost exports.



Snap Inc. loses $2.2B in first quarter as public company

Also interesting: Snap's CFO Drew Vollero said that the company generated $8.3 million of "other" revenue during the quarter, which was primarily driven by sales of the company's Spectacles glasses. But by then, Facebook had 552 million, more than three times as many as Snapchat. Spiegel had a biting response to Facebook's copycat tactics: "Just because Yahoo has a search box doesn't make it Google".