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Omil Xia

Wells Fargo: 2 key ways immigrant workers help US job-seekers

A new note from Wells Fargo’s (WFC) John E. Silvia and other economists contends that, on the whole, immigration has not hurt job prospects for US citizens. In fact, the opposite phenomenon may actually be true, the economists argue.

7 years ago
Dimon: 'I never had someone who advised me in my career'

JPMorgan Chase (JPM) CEO Jamie Dimon encouraged MBA students at a recent town hall to “learn from watching other people” rather than relying solely on mentors to advance their careers. “I’m for it,” Dimon told Yahoo Finance’s editor-in-chief, Andy Serwer, referring to mentoring. Dimon, who graduated from Harvard Business School in 1982, famously turned down a number of lucrative jobs for a lower-paying post as the legendary Sandy Weill’s assistant at American Express (AXP).

7 years ago
Why Warren Buffett's face is all over China's Cherry Coke

If you’ve enjoyed a Cherry Coke in China recently, you probably noticed a familiar American face gracing the cherry-red can. That would be Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway (BRK-A, BRK-B). As Berkshire Hathaway shareholders know well, Buffett is a huge Cherry Coke fan, so much so as it turns out, he agreed to let Coca-Cola (KO) use his likeness for free to celebrate its recent launch in China. “Four or five months ago, [Coca-Cola Chairman and CEO] Muhtar [Kent] said they were going to introduce Cherry Coke into China and asked me about putting my picture on the cans and bottles,” Buffett told Yahoo Finance.

7 years ago
Larry Summers describes 3 problems posed by business people in Washington

For Larry Summers, former Treasury Secretary and current Charles W. Eliot University Professor at Harvard University, President Donald Trump’s decision to bring business people to Washington can be a double-edged sword. “I think that business people can provide a very, very valuable perspective in [Washington],” Summers told Yahoo Finance’s Andy Serwer in a wide-ranging interview on Friday.

7 years ago
America's stock market was dominated by one industry in 1900

An engineer oils a locomotive of the Michigan Central Railroad, ca. Americans have been trading stocks for over 200 years, but the composition of the stock market has shifted as innovation creates new industries and renders others irrelevant. Credit Suisse’s recent “Global Investment Returns Yearbook 2017” provides an interesting snapshot of just how much the US market has transformed since 1900.

7 years ago
2 prime examples of tax cuts that didn't boost growth

Ronald Reagan implemented large pro-growth tax policies during weak spells for business investment. Small business optimism in the US recently soared to its highest level since 2004, thanks in part to Donald Trump’s tax cut promises.

8 years ago
The most bullish indicator for Chipotle ahead of earnings

Chipotle (CMG) will report fourth-quarter earnings Thursday after the closing bell as it continues to recover from a 2015 E. Coli outbreak that tarnished its brand. Last month Chipotle announced that December sales at established stores had jumped nearly 15%. While consumers may have been more likely to eat out in December as they were out and about holiday shopping, Chipotle’s stock still got a $21-per-share bounce from the news.

8 years ago
How robots could revolutionize your grocery store

Amazon.com introduces Amazon Go, a grocery store without cashiers and a checkout line. Indeed, half of today’s work activities could be automated by 2055, according to a new report by the McKinsey Global Institute. According to the report, automation of the world’s work activities could increase productivity growth globally by 0.8% to 1.4% annually.

8 years ago
Jamie Dimon: The US military has world's best job training

At a panel live-streamed on Yahoo Finance Wednesday, JPMorgan Chase CEO Jamie Dimon cited the US military as doing the “best job in the world” of training people who aren’t ready to enter the workforce. “You know who does the best job in the world of training kids who are probably not prepared to be part of a team and train and stuff like that, they probably don’t show up on time, and a lot of them didn’t finish high school? The United States military,” Dimon said at JPMorgan’s Forum on Career Education and Economic Opportunity.

8 years ago
How Chipotle can turn things around in 2017

Chipotle Mexican Grill (CMG) has been suffering ever since late 2015, when an E. Coli outbreak at dozens of its restaurants sickened 55 people in 11 states. The outlook for the fast-casual restaurant became bleaker after a second outbreak infected five more people, and after 80 Boston College students got sick from eating at a single Chipotle. Chipotle’s same-store sales plummeted nearly 22% in the third quarter of 2016, and the stock has dropped nearly 25% since this time last year.

8 years ago
4 undergrad business programs more selective than Harvard's MBA

Business school publication Poets & Quants has a new ranking of America’s best undergraduate business programs, and some of these institutions are more selective than Harvard’s MBA program. Although Harvard’s MBA program has an 11% acceptance rate for the class of 2018, several schools on this list offer even slimmer odds of admission. Located near Silicon Valley and San Francisco, Haas allows its students to be at the epicenter of technology and innovation.

8 years ago
The US consumer will be in 'particularly good shape' in 2017: UBS

The US consumer will remain a stable source of growth for the economy in 2017 amid uncertainties posed by Donald J. Trump’s presidency, according to a recent UBS research note forecasting the economic outlook for the next two years. The note, written by UBS’s Arend Kapteyn and other economists, predicts accelerating GDP growth and modest increases in business investment in the next two years. The note also points out that inflation and wages are both rising, suggesting the Fed will raise interest rates.

8 years ago
The big contenders for Trump's Cabinet

President-elect Donald J. Trump is continuing his transition into the White House, establishing several positions in his Cabinet including Sen. Jeff Sessions of Alabama as attorney general. His prospects for secretary of state are narrowing, with Mitt Romney, the Republican presidential nominee in 2012, as the top contender. Trump’s transition team appears to be trying to diversify its Cabinet, reportedly offering retired neurosurgeon Ben Carson the position of secretary of the Department of Housing and Urban Development. ...

8 years ago
Tinder CEO explains why employers play a 'vital role' this election

One of those companies is Tinder, whose CEO, Sean Rad, says employers have a critical role in supporting voter participation among their employees. “Tinder is allowing employees to take as much (paid) time as they need to vote on Election Day – whether it’s 30 minutes, 2 hours, or the whole day,” says Sean Rad, CEO of Tinder, which is owned by Match Group (MTCH). A recent movement, Take Off Election Day, has enlisted hundreds of companies, including many tech companies, to give employees the day — or a few hours — off to vote this Tuesday.

8 years ago