The news sent its shares down -11% in after-market trading on Thursday. The luxury department store chain revealed on Thursday that it will refund $72 million to customers who were incorrectly charged higher interest rates on store credit cards that were delinquent.We realize customers and shareholders place a great deal of trust in us, and that’s a responsibility we take seriously,” Nordstrom said on a conference call with analysts. Nordstrom’s compensation to customers subtracted 29 cents from its earnings per share for the latest reported quarter.

JC Penney’s third quarter results do little to brighten things up for a retailer that has been struggling with thinning margins for a while. In the fiscal third quarter ended Nov. 3, 2018, the retail chain incurred an adjusted net loss of $164 million ($0.52 per share) –  worse than the $108 million ($0.35 per share) loss of the year ago-period. Total net sales declined -5.8 % to $2.65 billion, from $2.82 billion a year ago. Comparable sales decreased -5.4 % for the third quarter.

Sears Holdings Corp. has been allowed some time before a legal decision would be made on whether or not the retail company should continue to operate. During Thursday’s bankruptcy court hearing, Judge Robert Drain gave permission to Sears to auction off 500 stores.Judge Drain has, however, decided to wait until a December hearing to give the final verdict on whether Sears should be allowed to continue operations or if it should begin shuttering all of its stores. "We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock, but also indicated that the company hopes to gain some tailwind from the upcoming holiday shopping.

The Boeing Company's stock price has been taking a nosedive over the past week, amidst concerns that the aircraft manufacturer might be held accountable for last month’s Lion Air flight crash. Lion Air flight 610 -  a 737 MAX 8 model – crashed into the sea near Jakarta, Indonesia on October 29, leading to the death of all 189 passengers.The company also mentioned to CNN that  it has updated airlines about all the safety features on the 737 MAX 8, but said it does not "discuss specifics of an ongoing investigation".

Much of Apple's rise to become a $1 trillion company was driven by intense demand in China.The middle kingdom has an exploding middle class, and the iPhone became a status symbol for the good life, driving high levels of demand for the premium product. READ MORE...

Three years ago, I stopped shaving with water to conserve H20.It might seem like a little thing, but little things add up. READ MORE...

The San Francisco-based, iconic American clothing company, Levi Strauss & Co. – known for creating the first pair of blue jeans -- is planning to go public again (according to the report published by CNBC). Looking to raise somewhere between $600 million to $800 million, the company is targeting the first quarter of 2019 to go public. With an aim to debut with a valuation upward of $5 billion, the company hired Goldman Sachs (GS) and J.P. Morgan (JPM) to manage the deal. Net income for the quarter stood at $130 million, representing a growth of 45%.

A diversified midstream energy infrastructure and logistics company, MPLX, has been growing leaps and bounds in the last few quarters.But only few have noticed. Despite having excellent and fast improving fundamentals, along with a high yield, the company hasn’t been able fully engage investor interest.

Nike Inc., the American multinational footwear manufacturer, has opened a new cutting-edge 68,000 square foot flagship store in New York City.The new store is expected to change the way consumers shop for their favorite sneakers and apparel. Named as the “House of Innovation 000”, this six-level store would give its customers an enthralling shopping experience by combining traditional shopping with a futuristic shopping experience through the app. Heidi O’Neill, president of Nike Direct, said that the store would offer an experience which would be personal and responsive, but at the same time would be as easy and fast as a mobile shopping experience. Revolving around the innovation theme, the store would offer the following innovative and unique solutions to its customers. First, using Nike’s app, shoppers can scan QR codes on mannequins and apparel to see whether size and color of their choice is available, then send the items to a fitting room or pick up spot -- freeing custome

Wells Fargo & Co. is cutting 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups.  "We are committed to retaining as many team members as possible and will do everything we can to help them identify other opportunities within Wells Fargo," Tom Goyda, a company spokesman said, in a statement.Yahoo Finance reports about 900 of the layoffs are in the bank's home lending unit. The cuts will be across the US but will mostly be in Des Moines, Iowa, which is expected to have about 400 reductions, and Fort Mill, South Carolina, which is expected to have 111 cuts.

Ford Motors, Walmart and delivery service Postmates are collaborating to develop driverless delivery services for Walmart customers.The project seems to be a part of Ford’s efforts to get a piece of the autonomous vehicle market - one that is is widely touted to shift the landscape of transportation and business logistics. The project for delivering Walmart groceries and other goods will be tested out initially with human drivers to simulate how autonomous vehicles would deliver goods to customers, as indicated by Ford. Earlier this year, Ford had announced about its plan to build the Ford Autonomous Vehicles unit which would focus on driverless vehicle operations, and that the company will invest $4 billion in this unit through 2023.

The internet is saturated with financial news, which often leaves investors wondering where they can find cryptocurrency-related news that matters to them. On a clustered financial website that covers stocks, bonds, forex, economic news, retirement topics, forex, etc.., the question is: how can you filter through all of the noise to find the news that meets your interests and needs? Tickeron has created a solution: Artificial Intelligence that filters the news for you and can translate the news into actionable trade ideas.  With “Newsfeed” on tickeron.com, the Tickeron model is breaking the mold for how investors can use financial news to make trades and manage investment portfolios.

While the retail giant beat earnings estimates, revenue fell short of analysts' expectations. Earnings per share  came in at $1.08 (adjusted) versus estimate of $1.01. Revenues increased +1.4 percent to $124.89 billion from $123.18 billion a year ago, and missing expectations of  $125.55 billion.(Analysts' expectations given according to a survey by Refinitiv). Walmart’s U.S. same-store sales grew +3.4%, higher than expected +3.1%. International sales declined -2.6% during the third quarter to $28.8 billion - one of the factors could be its selling of the majority of its Brazilian business to private-equity firm Advent International. The company’s online sales surged +43% during the third quarter.

Now you can order food and beverages while driving a General Motors (GM) car. GM has installed an app called Marketplace, available on the cars’ central touchscreen, which allows people to order takeouts from Applebees, coffee from Starbucks or breakfast from Dunkin’ Donuts.  Christine Sitek, who heads GM's various "connected car" initiatives said that they are yet to make substantial money off Marketplace, but the feature does add to customer experience in the cars.  Also, the app is providing data and insights into consumer preferences – something that could potentially generate immense value for the business in terms of understanding customer demand and therefore possibly helping the company in planning its future offerings/technology development or strategies.

Berkshire Hathaway has made a $4 billion investment in JPMorgan Chase last quarter, as revealed by regulatory filings posted Wednesday. Berkshire’s CEO Warren Buffett had expressed his keen interest in JPMorgan earlier this year in an interview with Yahoo Finance, when he indicated that he felt he should’ve invested sooner." As per latest reports, Berkshire also grew its investment in several banks such as Bank of America, BNY Mellon, US Bancorp and Goldman Sachs.

Following in the footsteps of Chevron (CVX, $115.72), the American multinational energy company ConocoPhilips revealed its plans to sell the remaining of its North Sea assets, Bloomberg reports.Endeavor, in recent times, has become an attractive prospect in the Permian Basin, owing to its position in Texas and New Mexico.

Warren Buffett's Berkshire Hathaway reported its third-quarter holdings on Wednesday, revealing it’s growing confidence in the U.S. financial and tech industries, even as tech and finance stocks have retreated sharply. The third-quarter holdings report of the firm revealed 35 million new shares of JPMorgan Chase (JPM) and 41 million shares of software giant Oracle (ORCL), with stakes worth $4.02 billion and $2.1 billion, respectively.Along with the aforementioned two, the firm also bought smaller stakes - 6 million shares in PNC Financial (PNC), as well as 3.5 million shares in the insurance company Travelers (TRV). Berkshire’s confidence in the US banking sector is notable, given that half of the firm’s top 10 positions are in some of the nation’s largest banks like Bank of America (BAC), Wells Fargo (WFC), U.S. Bancorp (USB) and Goldman Sachs (GS).

He also took a new position in PNC Financial. One bank he cut somewhat from his portfolio was Wells Fargo, as he sold off about 9.6 million shares.However, Wells still remains a top 3 stock holding for Berkshire with 442.36 million shares.

In the second quarter, Netflix reported lower-than-expected subscriber growth and took a share price hit almost immediately, as investors worried about the company's strategy and future. But now, after a strong third-quarter earnings report, investor concerns took a back seat as it became evident that the company's 'original content' strategy was finally paying off. The main concern for the company in Q2 was related to subscriber growth, which grew by only 5.15 million -- missing its own estimate of 6.2 million.But in Q3, this it was adequately addressed as the company added nearly 7.0 million subscribers against an estimate of 5.0 million. Focusing on original content proved beneficial for Netflix, as it’s expected to help the company save big on licensing costs over the long term.

Although R&D expenses for the company didn’t change much  during the quarter, its exploration expenses decreased by ~22%, resulting in higher profitability. In terms of bottom-line, the company precisely met analyst expectations as it reported an EPS of $0.68.  Amongst all the positives, perhaps the icing on the cake was a share buyback program worth $2.5 billion.