Markets
U.S. restrictions on Huawei to obstruct global 5G network rollout, industry earnings
Huawei's handset popularity has plummeted by more than 20 per cent, according to figures from price and product comparison site PriceSpy. Huawei said the smartphones had already been certified by Google before it announced any restrictions, which means they should be able to run the full suite of Android apps. [Full Article...]
Dorothy Perkins stores set to close across the UK
Green, who lost his billionaire status earlier this year falling from joint 66th to 156th on the Sunday Times rich list, has pledged to inject £100m into the fund to cover the shortfall. In March, Arcadia confirmed it was exploring options to improve efficiency in the business. Under the proposed restructuring announced this week, the Arcadia business would shut 23 stores and the company's contr... [Full Article...]
MGM Calls Off Talks, Wynn Resorts Will Keep Its Massachusetts Casino
While no official reason was given, one can surmise that one of the reasons MGM Resorts made a decision to pull out was due to the fact that it already has a casino license to run its MGM Springfield casino resort . The Mayor of Springfield, Domenic J. Sarno said how he thought the discussions between Wynn and MGM were unlikely to result in a sale, and is glad that MGM have chose to stay put in t... [Full Article...]
Ross Stores stock falls after Q1 earnings beat, lower Q2 guidance
Other institutional investors have also made changes to their positions in the company. Investors tracking shares of Ross Stores (ROST ) may be focusing on where the stock is trading relative to its 52-week high and low. The company's quarterly revenue was up 5.8% compared to the same quarter previous year. This buyback authorization permits the apparel retailer to reacquire up to 7.3% of its... [Full Article...]
The Aphria (APHA) Shares Gap Up to $10.14
Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. [Full Article...]
Orders for Manufactured Goods Fell 2.1% in April
Orders to USA factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars. Orders for durable goods - products meant to last at least three years - dropped 2.1% in April, . [Full Article...]
Memorial Day deals for veterans and military members
McCormick & Schmick's: Memorial Day means a free entrée for military personnel past and present. There are also several deals for non-vets . This includes a welcome offer of 800 additional points for joining 7Rewards. The company's flagship Cedar Point theme park in OH offers free admission for guests with military ID throughout the entirety of Memorial Day 2019 weekend, as well as every Mo... [Full Article...]
United Kingdom retail sales hold up despite Brexit turmoil
The data showed that online retailing accounted for 18.7% of total retailing in April compared to 17.7% in the same month a year ago, with overall growth of 10.1% versus April 2018. Admittedly, warmer-than-usual weather - average temperatures were 1.1 degree Celsius above their 1970-to-2018 April average - probably temporarily stimulated clothing sales, which rose by 2.3% month-to-month and booste... [Full Article...]