Reported about 1 month ago
In a stagnant job market characterized by low hiring rates and minimal layoffs, many workers feel trapped in their current positions due to uncertainties surrounding tariffs. Employers are also hesitant to make changes, leading to a reduction in job movement and opportunities for both early-career and experienced professionals. As businesses pause expansion plans while awaiting clarity on tariff policies, forecasters predict a tougher job market and a potential rise in unemployment as the year progresses.
Source: YAHOO
Reported about 1 month ago
Tom Bodett, the long-time spokesperson for Motel 6, has filed a lawsuit against the motel chain for using his name and voice without consent after their nearly 40-year partnership ended. Bodett claims that after the new owner, OYO, failed to make a $1.2 million annual payment, Motel 6 continued to utilize his identity in advertisements, violating his rights. The lawsuit seeks $1.2 million in damages, along with profit sharing, as Bodett aimed for a peaceful resolution but encountered communication issues with the company.
Source: YAHOO
Reported about 1 month ago
On June 10, TSMC shares climbed by over 3% following a 40% year-over-year revenue increase in May, driven by strong AI demand. Meanwhile, Insmed's stock skyrocketed by 27% after positive results from a trial for a treatment for pulmonary arterial hypertension, marking a significant milestone for the company.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Trevor Milton, the founder and former executive chairman of Nikola, has released a documentary titled 'Conviction or Conspiracy – The Trevor Milton Saga' on YouTube. This release comes after his conviction in 2023 and subsequent pardon by President Trump, aiming to clarify his side of the story amidst past accusations of fraud and misrepresentation of Nikola's products. Milton emphasizes the documentary as a warning about the potential misuse of the legal system and encourages viewers to understand the full context of his narrative.
Source: YAHOO
Reported about 1 month ago
Core & Main's stock took a hit after the company reported a slight miss in profit expectations and warned of flat market conditions for the year, attributing this to uncertainties like tariffs and higher interest rates. The CFO indicated a challenging second half, while the CEO noted early signs of a softening housing market, despite a 10% year-over-year revenue increase in Q1.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Brazil's inflation rate decreased more than anticipated in May, rising 0.26% monthly and 5.32% annually, which is still above the central bank's target. This slowdown raises questions ahead of the upcoming interest rate-setting meeting on June 17-18, where markets expect the central bank to potentially pause its tightening cycle, although some analysts still foresee a final rate hike due to underlying economic pressures.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Investing as a teenager offers significant advantages, including building wealth early and developing financial literacy. With the help of an adult, teens can open custodial accounts to start investing in stocks and funds, even with minimal initial funds through fractional shares. The article outlines four key steps for teens: learn about investing, set goals, open an investment account, and select investments, emphasizing the importance of understanding risks and cultivating good financial habits.
Source: YAHOO
Reported about 1 month ago
Emergency loans come in various forms, including personal loans, credit card advances, payday loans, title loans, and paycheck advances, each suited for different urgent financial needs. Personal loans offer quick access to cash; credit card advances can provide immediate funds from your existing limit; payday loans offer short-term borrowing for those with no credit; title loans use your vehicle as collateral, while paycheck advances allow you to access future earnings. Choosing the right loan depends on your credit status, how quickly you need the funds, and the specific financial emergency you face.
Source: YAHOO
Reported about 1 month ago
The benchmark diesel price has increased for the second time in nine weeks, driven by a surge in diesel futures prices, which have risen by over 13 cents per gallon in less than two weeks. The average retail price reported by the Department of Energy rose by 2 cents, bringing it to $3.471 per gallon, following a period of falling prices that reached a low not seen since September 2021. This price uptick comes as global oil prices, including Brent crude, show upward trends amid ongoing trade discussions between the U.S. and China, although analysts express concerns about the overall demand forecast for oil this year.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Novo Nordisk's shares increased following a Financial Times report indicating that activist investor Parvus Asset Management is acquiring shares to influence the hiring of the company's next CEO. Despite a nearly 8% decline since the year's start and slowing sales growth for its weight-loss drugs Ozempic and Wegovy, the stock received a boost amidst the news. Novo Nordisk's current CEO is set to depart once a successor is found.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Shares of J.M. Smucker Company, known for brands like Jif and Folgers, dropped significantly following the release of its fiscal full-year 2026 guidance, which disappointed investors. Despite beating earnings estimates in its mixed fiscal fourth quarter 2025 report, a projected profit shortfall in the coffee segment raised concerns. Analysts suggest the stock may remain under pressure until there is clear evidence of improvement in managing costs and pricing strategies.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Blackstone's CEO, Steve Schwarzman, announced plans to invest up to $500 billion in Europe over the next decade, highlighting newfound confidence in the region's market potential. This investment is influenced by European governments' efforts to increase military spending and invigorate the private equity market. The shifting economic landscape in Europe, especially with Germany's significant spending initiatives, is seen as an opportunity for growth, making it an attractive target for major investors like Blackstone.
Source: YAHOO
Reported about 1 month ago
Packaged food company J.M. Smucker has forecasted annual profit below analysts’ expectations due to tariff uncertainties and rising costs affecting demand for its products, causing a 14% drop in its shares. The company anticipates earnings per share between $8.50 and $9.50, lower than the $10.26 expected by analysts, as it grapples with inflation in commodity prices, particularly green coffee. Additionally, J.M. Smucker plans to raise prices on its coffee products to mitigate these costs.
Source: YAHOO
Reported about 1 month ago
Citi's banking chief, Vis Raghavan, announced that despite ongoing concerns related to U.S. tariffs, the bank expects its banking fees and trading revenue to increase this quarter. Banking fees are projected to grow by a mid-single digit percentage year-over-year, while trading revenue may see a rise of mid-to-high single digits. Although dealmaking has slowed due to tariff-induced market instability, signs of recovery are emerging, particularly in the M&A sector and among IPOs for tech firms. To support this growth, Citi plans to expand its workforce in multiple global regions.
Source: YAHOO