One of Donald Trump’s ongoing promises has been jobs. And lots of them. Specifically in manufacturing. However, he’s also pushing for innovation, especially here in the U.S. during “Made in America Week”. There’s one little problem, though. The jobs Trump wants to push are directly at odds with his message of innovation. And that’s becoming obvious as more and more companies turn to technology to compete with online retailers…
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AFTER AMAZON DEAL, ACTIVIST INVESTOR JANA SELLS WHOLE FOODS STAKE; SEES $300M PROFIT
Jana Partners is getting paid handsomely for its effort to push Whole Foods into making some changes, a drive that led to the company's sale to Amazon.
The activist hedge fund, which bought a more than 8% stake in Whole Foods in early April, liquidated its stake in organic grocer following Amazon's $13.7 billion offer and will walk away with a $300 million profit, according to documents filed with the Securities and Exchange Commission Wednesday.
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MORGAN STANLEY CLAIMS VICTORY OVER RIVAL; TOPS GOLDMAN SACHS IN TRADING AGAIN
Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.
The sixth-largest U.S. bank by assets reported an 11 percent rise in second-quarter profit, generating more revenue from giving corporations advice, underwriting securities, trading equities and managing customers' money.
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– Wednesday, July 19th
Markets Soar UP After Strong Showing from Tech
Big Insider Trades
– GoDaddy Inc. (GDDY) CMO Barbara Rechterman Sells $1.5m
– Alder Biopharmaceuticals, Inc. (ALDR) Director Stephen Down Buys $250k