Amazon’s Private Label Boosted by Whole Foods: Analyst

Amazon’s acquisition of Whole Foods Market, Inc. will provide a significant revenue bump for the company’s private labels, according to an analyst from SunTrust Humphrey Robinson. The acquisition, which occurred in August this year, is expected to add $700 million in sales to Amazon’s private labels, stated analyst Youssef Squali in a note. When Amazon’s acquisition of Whole Foods was announced, Squali […]

Buffett Says He’ll Hold This Bank Stock For A ‘Long, Long, Long’ Time

Warren Buffett said Berkshire Hathaway (BRKB) would hold Bank of America (BAC) stock for a “long, long, long time,” citing CEO Brian Moynihan’s attempts to turn the bank around. “Bank of America’s done a sensational job under Brian Moynihan,” Berkshire CEO Buffett told CNBC. “Brian had all kinds of problems when he came in. I mean, they were not of […]

Boeing Stock Could Hit $300 in Coming Months

The Boeing Company (BA) has ascended to the top of the Dow Industrial performance list, rocketing higher after breaking out above three-year resistance in January 2017. The stock has gained more than 50% since that time while grinding out an impressive series of all-time highs. The company’s aerospace domination has underpinned this historic advance, as well as a military landscape that should […]

Ethereum is plunging following reports China could ban cryptocurrency trading

(Ethereum is plunging.MI) Ethereum is plunging on Thursday afternoon, trading down over 17% to $228 per token, following reports that Chinese regulators are taking steps to shut down the country’s bitcoin exchanges and possibly ban all trading of digital coins. BTC China, the second largest Chinese bitcoin exchange, tweeted Thursday that it would stop trading of bitcoin on September 30. “After […]