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Showing posts from October, 2019

Stocks making the biggest moves midday: General Electric, Mattel, Yum Brands & more

Check out the companies making headlines in midday trading.General Electric — Shares of GE rose more than 11% after the embattled industrial conglomerate reported third-quarter results that beat Wall Street's top and bottom line expectations. GE raised its 2019 cash flow forecast, as CEO Larry Culp said the company's "results reflect another quarter of progress in the transformation of GE."Mattel — Shares of the toy maker surged 15% following third-quarter earnings. The company beat top and bottom line estimates, driven by growth in Barbie and BTS K-pop toy sales. The company also announced that the CFO would resign following an investigation into accounting error claims.Yum Brands — Shares of the Taco Bell and Pizza Hut parent plunged more than 8% on the back of disappointing quarterly results. Yum Brands posted adjusted earnings per share of 80 cents on revenue of $1.339 billion. Analysts polled by Refinitiv expected an adjusted profit of 94 cents a shares on sales…

It will take 100 years for women to earn the same as men at this rate

The wage gap between men and women is 20%, meaning women get paid 80 cents to every $1 men earn, according to a recent study.The pay gap narrowed about 2% in the last ten years. If things don't improve, it will take a century for women to reach equal pay, according to Goldman Sachs.The firm said at least part of the unexplained gap could be due to the lack of women in highly-paid senior roles, despite being on average more educated than men.It could take a century for women to be paid as much as men, if things stay as they are now.The wage gap between men and women is 20%, meaning women get paid 80 cents for every $1 men earn. In the last ten years, the pay gap only narrowed about 2%, and if performance stays consist with the past decade's, it would take 100 years to reach equal pay, according to Goldman Sachs."The latest data show there's more work to do," said Amanda Hindlian, global COO of global investment research at Goldman Sachs in a note titled "Clos…

Vice President Pence pulls no punches against China, NBA or Nike

Pence: America's days of helping rebuild China 'are over' Vice President Mike Pence discusses international growth of wealth and President Trump's national security strategy.
Vice President Mike Pence lambasted China for human rights abuses Thursday and rebuked American businesses such as Nike and the NBA that  he says have fallen under the country's thumb.
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Pence also praised President Trump's policies regarding the world's second-largest economy, which he said will ultimately benefit both China and the U.S., throughout remarks at the Wilson Center in Washington, D.C.,

Chinese Vice Premier Liu He, accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media before minister-level trade meetings in Washington on Oct. 10, 2019. (AP Photo/Jose Luis Magana)
"No president before has so vigorously advanced America's interests in our relationship with China," Pence sai…

Google accused of creating 'creepy' spy tool to squelch worker dissent

Google workers are accusing the company of developing an internal surveillance tool that they believe will be used to monitor their attempts to organise protests and discuss labour rights.Earlier this month, employees said they discovered that a team within the company was creating the new tool for the custom Google Chrome browser installed on all workers' computers and used to search internal systems. The concerns were outlined in a memo written by a Google employee and reviewed by Bloomberg News, and by three Google employees who requested anonymity because they aren't authorised to talk to the press.The tool would automatically report staffers who create a calendar event with more than 10 rooms or 100 participants, according to the employee memo. The most likely explanation, the memo alleged, "is that this is an attempt of leadership to immediately learn about any workers organisation attempts."Google is using the new software tool to police its own workers amid r…