September 26, 2024
“…In the most recent quarter, revenue soared more than 140%, and profit climbed in the double digits. And this may be just the beginning as Supermicro gears up to address a new growing market: cooling solutions to tackle the heat… Continue Reading…
August 2, 2024
“…So what gives? Should investors be worried? In short, probably not. Stocks naturally retreat after big gains. It’s to be expected; in fact, it’s healthy. Yes, 18% is a lot, many stocks move less over the course of a year,… Continue Reading…
April 5, 2024
“…Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday…” https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html I dont… Continue Reading…
March 8, 2024
“…On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will cap credit card late fees at $8. Currently, card users are typically hit with a $32 fee for late payments, according to the agency… The rule is expected to go… Continue Reading…
January 8, 2024
“France-based Carrefour, one of the world’s largest grocery chains, told customers Thursday it is pulling Lay’s, Doritos, Lipton teas and other PepsiCo products in protest of increased prices. Stores in France, Italy, Belgium and Spain will be affected, multiple news… Continue Reading…
December 18, 2023
“Mortgage rates continued to drop last week after hitting a 23-year high in October. Between Dec. 1 and 7, rates for 30-year fixed-rate mortgages fell from an average of 7.05% to 6.95%, according to mortgage finance agency Freddie Mac. This marks the seventh straight… Continue Reading…
June 1, 2023
“US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC) that offers a comprehensive look at how the industry navigated its most challenging period since the 2008 financial crisis. The… Continue Reading…
May 12, 2023
“Regional bank stocks fell again Thursday after troubled California lender PacWest (PACW) disclosed it lost 9.5% of deposits last week on a wave of new pessimism surrounding the industry. The Beverly Hills, Calif.-based institution first came under investor scrutiny following… Continue Reading…
March 30, 2023
“Wall Street bonuses fell 26% to an average $176,700 in 2022 from a record in 2021, according to a report from New York State Comptroller Thomas DiNapoli published on Thursday. A worsening economic environment and stalled deal markets weighed on… Continue Reading…
January 14, 2022
“…The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop. Excluding autos, sales fell 2.3%, a number that also fell well short of… Continue Reading…
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