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Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

August 26, 2024

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

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Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

August 22, 2024

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…

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Economy

“Inflation milestone: Consumer Price Index slows below 3% for first time since March 2021”

August 20, 2024

“Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after… Continue Reading…

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Economy

“59% of Americans wrongly think the U.S. is in a recession, report finds”

August 20, 2024

“Citing higher costs and difficulty making ends meet, 3 in 5 Americans falsely believe that the U.S. is currently in a recession, according to a recent report. Economists have wrestled with the growing disconnect between how well the economy is doing and… Continue Reading…

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Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

August 14, 2024

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

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Stocks

“Intel Crashed 30%. Is the Stock a Sell or a Bad-News Buy?”

August 12, 2024

https://finance.yahoo.com/news/intel-crashed-30-stock-sell-091500373.html I’m not going to read this. I don’t think it is. My opinion on long term stocks is unless its energy or commodes in general its better to wait to invest after the market crashes. There are exceptions but… Continue Reading…

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Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

August 12, 2024

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

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Economy

“Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%”

August 5, 2024

“Nonfarm payrolls grew by just 114,000 in July, below the downwardly revised 179,000 in June and the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021, triggering an economic rule on recessions.… Continue Reading…

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Business

“FedEx to cut daytime domestic flight activity by 60%”

July 29, 2024

“…The parcel logistics giant will reduce daytime domestic flying time by 60% and the number of city destinations by 55%, which will add about 500 pilots to the existing surplus, said Justin Brownlee, senior vice president for flight operations and… Continue Reading…

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Stocks

“Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue”

July 25, 2024

“…Here is how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG: The Dallas-based airline said its second-quarter revenue rose 4.5% from last year to $7.35 billion, a record, but its profit dropped more… Continue Reading…

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