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Stocks

“Palantir stock jumps 19% as AI demand drives revenue beat”

“Palantir shares surged more than 19% in after-hours trading on Monday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. Full-year guidance for 2024 came roughly in line with Wall Street’s estimates… Revenue in the fourth quarter increased 20% to… Continue Reading…

Business

“Facing fines, cluttered aisles and late-night mockery, Dollar General’s returning CEO tries to drive a turnaround”

“Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter’s plans to try to turn around both the… Continue Reading…

Business, Stocks

“Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing”

“Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could fan hopes among investors that Toyota will accelerate sales… Continue Reading…

Business

“Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away”

“… Here’s what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: P&G reported fiscal first-quarter net income attributable to the company of $4.52 billion, or $1.83 per… Continue Reading…

Economy, Energy

“How Rising Gas Prices Drive Everyday Costs Beyond The Pump”

“EDITOR’S NOTE: It almost goes without saying that rising fuel costs will likely drive up the cost of anything that relies on transportation. As much of a no-brainer as this seems, many people are still not making the connection. If a… Continue Reading…

Economy

“‘Farms Are Failing’ as Fertilizer Prices Drive Up Cost of Food”

“From South America’s avocado, corn and coffee farms to Southeast Asia’s plantations of coconuts and oil palms, high fertilizer prices are weighing on farmers across the developing world, making it much costlier to cultivate and forcing many to cut back… Continue Reading…

Economy

“Supply chain troubles drive Salesforce’s forecast for 20% increase in prices this holiday season”

“Supply chain problems will hit consumers in the wallet during the holidays, with Salesforce.com Inc. forecasting a 20% increase in prices for the shopping season and beyond. The global supply chain has been tied in knots for a variety of… Continue Reading…

Banking, Economy

“A key jobs report in the week ahead could drive the next big market move”

“…Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome Powell. The chairman acknowledged that Fed officials expect to taper back their $120 billion a month bond-buying program this year, a… Continue Reading…

Business

“Walmart is transforming 160 of its parking lots into drive-in theaters”

“Two of the most classic pieces of Americana are coming together this summer: drive-in theaters and Walmart. Beginning in August, the retailer is converting 160 of its US store parking lots into drive-in movie theaters… Walmart (WMT) is partnering with Tribeca Enterprises, the Robert… Continue Reading…

Economy, Investing

“Two Fundamental Forces That May Drive Gold to $3,000 in the Months Ahead”

“Two years ago, when gold was hovering at the $1,200 range, the idea of gold surpassing $1,700 seemed like a pipe dream to many investors. Remember, August 2018 marked a 5-month period of intense selling pressure. Nobody wanted gold, from… Continue Reading…