Earnings are out this today for the Campbell Soup Company, and investors are likely to hear more about the company’s move toward plant-based foods. Not only has the company been buying up specialty companies like juice maker Bolthouse Farms, but last month Campbell’s joined a new trade group, the Plant Based Foods Association. What’s behind […]
General Electric announced today that all is maybe not well inside the multinational conglomerate empire. CEO John Flannery said the next couple years will be less profitable than previously thought and that, among other changes, he company will cut its annual dividend in half. That may sound scary if you’re holding some GE stock, or […]
California is hiking gas taxes today by 12 cents a gallon. It’s also raising an annual fee based on a car’s value. The transportation package is expected to raise $54 billion over the next 10 years. The idea is the money will pay for repairs to roads, highways and bridges. California isn’t the only state […]
A few years ago, oil prices were hitting record highs. A barrel of West Texas Intermediate went for $107 dollars in the summer of 2014. Then, there was a fracking boom in the U.S., a worldwide oil supply glut and prices collapsed. Many oil producers went out of business. But oil prices are now picking […]
Credit agencies Moody’s and Standard & Poor’s recently put out reports laying out this scenario: federal disaster spending drying up while damages from increasing disasters continue to rise. If cities, counties or states are left more on their own to fund rebuilding after natural disasters like hurricanes, they could have a lot of trouble managing […]
Japan is holding a snap election on Sunday. Prime Minister Shinzō Abe is widely expected to retain power, with his party maybe losing a few seats from its huge majority. In many ways, the election is a referendum on the prime minister’s economic reforms, known as Abenomics. It’s also a vote about national security. Click the […]
The Senate Banking committee meets today for another hearing about the Equifax data breach. With the major credit reporting agencies woven deeply into the fabric of our financial system, what can Congress actually do here? Click the above audio player to hear the full story.
