Reported 3 months ago
The New York Mets have hired Lew Sherr, the current CEO of the U.S. Tennis Association, as their new president of business operations. Sherr, who will transition from his role overseeing the U.S. Open tennis tournament by the end of June, expressed excitement about joining the Mets and their commitment to enhancing the team's community presence and development projects, including plans for a casino and entertainment district near Citi Field.
Source: YAHOO
Reported 3 months ago
Suze Orman, a personal finance expert, emphasizes that financial anxiety affecting 80% of Americans often stems from deeper personal issues rather than just external economic factors. She suggests that understanding one's relationship with money is crucial, asserting that financial struggles reflect personal struggles. Rather than solely relying on financial strategies, Orman encourages individuals to seek self-awareness to address their money challenges effectively.
Source: YAHOO
Reported 3 months ago
U.S. equities experienced declines at midday amid worries about the U.S.-China trade tensions. Regeneron Pharmaceuticals' shares dropped significantly after a COPD drug trial failed to meet its main goal, while The Cooper Companies saw a decrease in stock price due to a reduced growth outlook. Conversely, Ulta Beauty reported better-than-expected earnings, raising its guidance, and emerged as the top performer in the S&P 500. Other stock movements included increases for Costco Wholesale and Palantir Technologies.
Source: YAHOO
Reported 3 months ago
Recent rulings by the US Court of International Trade have eliminated the majority of President Trump's second-term tariffs, weakening his bargaining position in trade negotiations. While an appeals court has temporarily stayed this decision, the initial rulings signal diminishing credibility behind Trump's tariff threats, potentially allowing foreign governments to feel less pressured to negotiate before the upcoming July 9 deadline.
Source: YAHOO
Reported 3 months ago
Wells Fargo has announced the sale of its rail leasing equipment business to a joint venture between GATX Corp. and Brookfield Infrastructure for $4.4 billion, which includes approximately 105,000 railcars and a rail finance portfolio of 23,000 cars and 400 locomotives. This move aligns with Wells Fargo's strategy to simplify its business operations. The transaction is set to close by the first quarter of 2026.
Source: YAHOO
Reported 3 months ago
Brazilian airline Azul aims to exit Chapter 11 bankruptcy proceedings early next year, focusing on financial restructuring while operations remain stable. Azul's vice-president, Fabio Campos, stated that they secured $250 million in debtor-in-possession financing to support ongoing operations and are not planning significant layoffs. Although a potential merger with competitor Gol is on hold, it remains a valid agreement.
Source: YAHOO
Reported 3 months ago
The ongoing complexities of President Trump's tariff policies continue to impact global markets and businesses, with estimated losses surpassing $34 billion. Upcoming key dates include court responses regarding tariffs on June 5 and 9, discussions on tariffs at the G7 summit from June 15-17, and critical negotiation deadlines between the U.S. and EU, all of which could significantly affect U.S. trade policy.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Germany's new digital ministry expressed that any tax on online platforms must be coordinated internationally and should not raise costs for consumers. Minister Wolfram Weimer indicated a potential 10% levy on companies like Google and Facebook but highlighted concerns about its implications on end prices and the necessity for the tax to support Germany as an innovation hub. The proposal is still under discussion within the government amidst warnings from industry representatives about possible negative impacts on prices and digitalization efforts.
Source: YAHOO
Reported 3 months ago
US stocks experienced a dip following President Trump's accusation that China had 'totally violated' their trade agreement, injecting uncertainty into the market. The Dow managed a small gain, while the S&P 500 and Nasdaq ended lower. Concerns about potential increased tech sanctions and ongoing trade war tensions contributed to the market's volatility, despite a strong performance earlier in May. Investors remain cautious as legal battles over tariffs and economic data add to the uncertainty.
Source: YAHOO
Reported 3 months ago
Shoe Carnival reported first-quarter earnings of $0.34 per share, easily surpassing analysts' estimates, as it progresses with its rebranding strategy. The company plans to convert 28% of its locations into the more successful Shoe Station brand by fiscal year's end, contributing to a 4.9% increase in sales at Shoe Station stores, despite a decline in overall revenue and Shoe Carnival store sales.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
A Microsoft subsidiary in Russia is set to file for bankruptcy according to a notice on the official Fedresurs registry. This follows indications from President Vladimir Putin that foreign tech companies like Microsoft should be restricted to promote domestic alternatives. Microsoft's operations in Russia have significantly scaled down since the start of the Ukraine conflict, and they previously removed Russian state media applications from their platforms. The future of Microsoft's other Russian units remains uncertain.
Source: YAHOO
Reported 3 months ago
Tesla's stock (TSLA) is on track for a weekly gain, as CEO Elon Musk prepares to return fully to the company after leaving a government role. This development comes amidst serious allegations of drug abuse, with reports detailing Musk's heavy use of substances like ketamine and ecstasy during Trump's campaign. Despite the controversy, Tesla shares rose 4% this week and over 25% for May, buoyed by Musk's announcements of renewed focus on Tesla and ongoing advancements in self-driving technology.
Source: YAHOO
Reported 3 months ago
Marvell Technology's stock dropped despite impressive AI data center revenue growth, while Netflix saw increased price targets from analysts amid its subscription growth and expansion into live events. In contrast, Zscaler's shares rose after exceeding guidance expectations in its latest earnings report, highlighting the ongoing demand in cybersecurity. Experts suggest that focusing on sectors like cybersecurity and semiconductors could provide strong investment opportunities.
Source: YAHOO
Reported 3 months ago
The U.S. housing market is seeing a significant imbalance with nearly 34% more sellers than buyers as of April 2025. This shift, attributed to high home prices and mortgage rates that have climbed to a 23-year high, has led to less competition among buyers, prompting some sellers to reduce prices or offer incentives to attract sales. While this trend provides a potential advantage for buyers, the increase in home prices over the last six years has made home ownership unaffordable for many, with only 21.2% of listings deemed affordable for typical incomes.
Source: YAHOO
Reported 3 months ago
Despite a recent dip in inflation rates, the Federal Reserve is expected to keep interest rates steady due to concerns that tariffs could lead to higher prices in the future. The core Personal Consumption Expenditures index showed a slight increase in April, but Fed officials remain uncertain about the long-term impact of tariff-related price changes. While some members argue these effects may turn out to be temporary, others believe they could persist, leading to a complicated outlook for monetary policy.
Source: YAHOO
Reported 3 months ago
Thoma Bravo, a private equity firm, is exploring the sale of document processing software provider Apryse, potentially valuing the company at over $3 billion. With interest from various buyers, particularly other private equity firms, the sale process is being guided by Lazard investment bankers. While Thoma Bravo might retain a minority stake post-sale, the final outcome remains uncertain. Apryse, which specializes in document processing technology and has notable clients such as Novartis and Wells Fargo, has achieved significant growth since its acquisition by Thoma Bravo in 2021.
Source: YAHOO
Reported 3 months ago
Gap's shares dropped 20% after the company warned that U.S. tariffs would negatively affect profits this year, despite efforts to diversify its supply chain and invest in U.S. cotton. The apparel maker highlighted potential expenses of up to $300 million due to tariffs, which could impact margins into 2026. Analysts have adjusted price targets for the stock as it navigates the uncertainty of trade policies under President Trump's administration.
Source: YAHOO
Reported 3 months ago
Mondelez International, the maker of popular snacks like Oreos, is suing grocery chain Aldi, claiming that Aldi's store-brand cookies and crackers mimic its packaging to mislead customers. The lawsuit, filed in Illinois, alleges that Aldi's packaging is designed to confuse consumers, and Mondelez is seeking damages and a court injunction to stop Aldi from selling these infringing products.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
In today's logistics industry, companies confront significant recruitment challenges due to a shortage of qualified CDL holders and shifting candidate expectations. Strategic partnerships, like that of Dot Transportation and Tenstreet, have emerged as vital tools for modernizing recruitment strategies and enhancing digital outreach. By leveraging technology while emphasizing relationship-building with candidates, these partnerships enable companies to increase application rates and streamline operations, ensuring a robust driver workforce even amid market fluctuations.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Американский институт дипломированных бухгалтеров (AICPA) выступил против предложенных ограничений на вычеты по налогам на доходы, связанные с местными и государственными налогами (SALT) для определенных предпринимательских направлений в законопроекте One Big Beautiful Bill. AICPA выразил озабоченность по поводу угрозы значительного ограничения возможности вычета SALT для определенных бизнесов, что, по мнению института, противоречит намерениям законопроекта по поддержке малого бизнеса. Они также призвали к возможности вычета SALT для бизнес-структур и поддержали ряд других положений законопроекта.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS