Capital One Sinks, UnitedHealth Drops, Shake Shack Slips on Weak Forecast
Audio is streamed directly from the publisher (podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
On this episode of Stock Movers:
- Capital One (COF) shares sink after President Donald Trump called on credit-card companies to cap interest rates at 10% for a year. The cap proposed by the president could wipe out earnings from cards for a year and ruin card economics, according to Mike Mayo, an analyst at Wells Fargo & Co.
- UnitedHealth (UNH) shares fall after a new Senate report found that the company used “aggressive strategies” to maximize diagnoses and boost payments for patients on private Medicare health plans. This adds to pressure on the largest US health insurer.
- Shake Shack (SHAK) shares slip after the burger chain reported preliminary fourth-quarter sales below Wall Street estimates. It's another sign of struggles in the fast-casual restaurant sector.
See omnystudio.com/listener for privacy information.