Kroger (KR) reported year-on-year declines in its fiscal first-quarter results but the outcome for earnings topped analysts expectations while sales were in line with views, while the grocer’s same-store sales slowed beneath projections. Sales slipped to $37.3 billion from $37.7 billion in the same period of 2018, with the decrease attributed to Kroger’s sale of its convenience-store business. Still, the […]
Stocks closed slightly higher Thursday in a mostly directionless session while energy shares tumbled amid weakness in oil prices. The biggest losing sector in the S&P 500 was energy, which fell 1% as a group. West Texas Intermediate crude oil futures plunged 4% to $56.53. The Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.2%. The Nasdaq […]
Facebook (FB) is finalizing plans to launch its own cryptocurrency in Q1 2020 with a digital payments system in about a dozen countries, BBC News reported on Friday. Facebook is looking to start testing its cryptocurrency, referred to internally as GlobalCoin, by the end of the year. The social media company is expected to outline more detailed plans this summer. […]
