Category: Wall Street

Bank dividends are near all-time highs – Wall Street

Trump has slammed Dodd-Frank as a “disaster” that has hurt banks. But banks were healthy enough to pay out a near-record $102.8 billion of dividends last year. Source link

No holy guacamole: Chipotle sinks on weak outlook – Wall Street

More bad news for Chipotle. The company has a big ad campaign to lure customers back. It’s working. Sales are up again. But the higher marketing costs are eating into profits. A spike in avocado prices could hurt it as well. Source link

Could there be a bidding war for Whole Foods? – Wall Street

Shares of Whole Foods are now trading at a higher price than what Amazon has offered to pay for it. That could be a sign that Wall Street believes another retailer might want to swoop in with a counteroffer for the organic grocery chain. Source link

Brexit talks begin; Vermont reconsiders marijuana bill; tech council to meet – Wall Street

This week in stocks: Brexit talks begin; Vermont reconsiders marijuana bill; tech council to meet Source link

Amazon is buying Whole Foods for $13.7 billion – Wall Street

Amazon is making an even bigger move into brick and mortar retail by agreeing to purchase organic grocery giant Whole Foods. Source link

New Wells Fargo scandal over modifying mortgages without authorization – Wall Street

Wells Fargo has been hit with a new class action lawsuit over allegations the bank modified bankrupt homeowners’ mortgages without their authorization, causing the amount of interest owed to skyrocket. Source link