Market Insight Blog

This bipartisan proposal aims to end age discrimination for a graying workforce
The workforce is aging, but older workers are at risk of being demoted or fired without repercussions. One recent legislative proposal is aimed at preventing that. The Protecting Older Workers Against Discrimination Act (or POWADA, for short) would reverse a Supreme Court decision from 2009 that made it harder to claim age bias for a layoff or demotion. Reps. Bobby Scott, a Democrat from Virginia, and Jim Sensenbrenner, a Republican from Wisconsin, sponsored the bill in the House, and Sens. Bob […]

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Weekend Sip: They’re now making salt-flavored vodka
Sazerac Company Here’s a spirit that gives new meaning to the phrase, ?Pass the salt.? Yes, we?re talking salt-flavored vodka. The bottles: Saltworks Property Himalayan Pink Salt vodka and Saltworks Property Smoked Sea Salt vodka, $24.99 each. The back story: Here’s a spirit that gives new meaning to the phrase, “Pass the salt.” Yes, we’re talking salt-flavored vodka. It comes courtesy the Sazerac Company, one of the largest family-owned distillers in the U.S. (and […]

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Capitol Report: Here’s how Trump wants to pay for the border wall after invoking a national emergency
Getty Images President Donald Trump speaks on border security during a Rose Garden event at the White House on Friday. President Donald Trump is planning to tap into several sources to build his signature border wall, after invoking a national emergency that even he predicts will be subject to court battles. Here’s how the administration says it’s going to pay for 234 miles of wall, with funds totaling about $8 billion. • Part of the money — $1.38 billion — was […]

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XPO Logistics stock plunges, as cut back by largest customer, weak Europe trump big buybacks
Shares of XPO Logistics Inc. plummeted in active trade Friday, as the loss of business from its largest customer and weakness in Europe led to a disappointing earnings report, and overwhelmed relatively large share buybacks. “Well look, there’s no other way to say it, we missed the quarter,” said Chief Executive Bradley Jacobs in a post-earnings conference call with analysts before the open, according to a transcript provided by FactSet. The stock XPO, -14.15% dropped 15% in […]

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Barron's: Drug company makes rap video to get people addicted to fentanyl
BOSTON (AP) — Employees at a drug company accused of bribing doctors rapped and danced around a person dressed as a bottle of the highly addictive fentanyl spray in a video meant to motivate sales reps into getting patients on higher doses. The video was shown to jurors this week in the closely watched trial in Boston of wealthy Insys Therapeutics Inc. Founder John Kapoor and four other onetime executives, including a former exotic dancer who prosecutors say was hired as a regional sales […]

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Capitol Report: Commerce Department report backing 25% tariffs on auto imports could hit Sunday
The auto industry and its investors are bracing for a long-awaited Commerce Department report offering recommendations on new tariffs targeting imported vehicles and auto parts. The report, expected to come as soon as Sunday, was requested in May by President Donald Trump, who at that time was considering new auto tariffs of as much as 25% on national-security grounds. The 25% levy is still on the table, and it will be one of the options presented in Commerce’s document, according to a […]

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How much ginger is there in America’s best-selling ginger ale?
Think ginger ale and you probably think Canada Dry. The iconic brand has been around for more than 100 years. In the U.S., it far outsells any other competitor. A decade ago, the company behind it began boasting it was “Made from Real Ginger” in a campaign aimed at wooing health-conscious consumers. In an embarrassing climb-down, that boast has been abandoned. Keurig Dr Pepper KDP, +0.93% has agreed to pay $11.2 million to settle claims that it misled consumers. It has agreed to drop […]

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Capitol Report: Study finds Japanese, German imports would get slammed by new auto tariffs
AFP/Getty Images With the U.S. Commerce Department expected to recommend tariffs on the auto industry, a new report estimates that imports would drop dramatically if an additional 25% tariff is imposed. The report comes from the Ifo Institute for Economic Research in Germany, one of the nations that would be most impacted. The U.S. Commerce Department could by Sunday say the imports of cars, car parts and other vehicles pose a threat to U.S. national security, giving President Trump until May to […]

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Commodities Corner: Americans value a free gas fill-up over a cash giveaway — that doesn’t erase risk for commodity investors
Volatile prices make gasoline a particularly risky investment, but the fuel’s importance to drivers hasn’t wavered. A recent study from GasBuddy found that 86% of Americans depend on gasoline every day and consider it to be a household expenditure that’s more important than other major expenses, such as health care and savings. Only groceries, housing and utilities were seen as more essential, according to the gasoline-price tracker’s 2019 Consumer Sentiment on Gasoline […]

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The Wall Street Journal: Wells Fargo chief expected to testify before House panel in mid-March
Bloomberg News/Landov Timothy Sloan has been chief executive officer of Wells Fargo & Co. since October 2016. Wells Fargo & Co. is expected to be the first bank to face a grilling by House Democrats who took over the Financial Services Committee in the new Congress, with a March hearing focused on its scandals, people familiar with the matter said. Wells Fargo’s WFC, +1.68% chief executive, Timothy Sloan, is expected to appear solo before the House Financial Services Committee on […]

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