Monthly Archives: May 2018

Wells Fargo Isn’t Yet Ready to Cede Mortgage Crown to Quicken

Wells Fargo & Co. isn’t giving up its mortgage-lending crown without a fight.

The bank wants to hold on to its top spot as the whale of the $1.7 billion industry in the U.S., even as it predicts profit margins on making home loans will shrink this year and it faces pressure from rival Quicken Loans Inc.

“We want to be No. 1 regardless of who we’re competing....More>>>

Personal Capital CEOs Mission to Save Fiduciary Rule, Dodd-Frank

Bob Rodriguez: Trump Might Be Acting; Huge Financial Crisis Still Looming

15 Worst States for Retirement: 2017

Major Risks Are Looming for US Economy: Merrills Ethan Harris

Bill Harris, the co-founder and CEO of Personal Capital, a digital wealth management company, is on a personal mission to save the fiduciary rule developed by the Obama administration’s Labor Department....More>>>

Can diversity training really solve the problem?

On Tuesday, Starbucks stores will close for an afternoon.

The coffee chain faced swift backlash after a Philadelphia store manager called police on two black customers.

Now more than 175,000 Starbucks employees will undergo a company-wide training, which Starbucks says will “address implicit bias, promote conscious inclusion, prevent discrimination and ensure everyone inside....More>>>

Alibaba: Another Explosive Quarter

Alibaba (BABA) reported earnings last Friday, beating both top and bottom line estimates. The company remains one of our top picks, primarily due to their exposure to the cloud computing (“CC”) market, which continues to see rapid growth.

Source: Financial Times

CC revenues jumped over 100% y/y, to ~4.4 billion RMB in Q4. Given that a small percentage of Alibaba’s....More>>>

Dicks Sporting Goods Results in Line but Margins Suffer

On Monday, Dick’s Sporting Goods (NYSE:DKS) reported results in line with expectations for the fourth quarter, but also experienced weakness and troubles in areas of its business.

Dick’s, the largest sporting goods retailer in the U.S., had $116 million in net income, or $1.11 per diluted share, within the company’s target range of $1.05 to $1.117 per diluted share. It also....More>>>