Wall Street suffered heavy losses yesterday. The Dow slid 177 points and the Nasdaq dropped 39. Meanwhile, the state of the stock market and U.S. economy are expected to be key topics in President Trump’s State of the Union Address tonight.
It’s the return of big oil. Exxon Mobil says it plans to invest more than $50 billion dollars over the next five years to expand its U.S. business.
Exxon says the investments are the result of the company’s strength and helped by the recent corporate tax cut.
A makeover at the top of Revlon – – as the chief executive officer steps down. Fabian Garcia was on the job for less than two years. The cosmetics maker is struggling with heavy debt and sales that failed to meet expectations as specialty beauty stores, and e-commerce shops cut into its business.
And just in time for Valentine’s Day, Shake Shack is unveiling the love shack. It’s a glittery pink strawberry blonde milkshake.
If you buy one it’s for a good cause, the fast casual chain is donating $2 dollars to canine companions for every one sold. The shake will be available from February 9th to 18th.