The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta Platforms (META) rocketed as Mark Zuckerberg shared a surprise. Apple (AAPL) popped ahead of earnings while Microsoft (MSFT) was a top blue chip. X New Leaderboard member US Global Jets (JETS) ETF climbed above a buy point. A trio … Read more
After decades as America’s dominant off-road vehicle, Jeep Wrangler is seeing Ford Bronco take a big bite out of sales as the highly competitive iconic brands battle for customers. In January, Ford saw Bronco sales jump 25.5% year over year while Jeep sales dropped 25%. The Jeep sales lead dwindled from 913 vehicles in November … Read more
New Delhi/London CNN — Shares in Gautam Adani’s businesses plunged further on Thursday after an attempt by the Indian billionaire to reassure panicking investors failed to halt a stock market meltdown that has wiped $100 billion off the value of his conglomerate. “For me, the interest of my investors is paramount and everything is secondary,” … Read more
Bed Bath & Beyond announced Wednesday it is closing 87 more stores nationwide, including one in Utah. (Andrew Kelly, Reuters) Estimated reading time: 6-7 minutes NEW YORK — Bed Bath and Beyond is closing another 87 stores, including one in Utah, as the struggling retailer barrels toward bankruptcy. These closures are in addition to the … Read more
The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. 2022 was another record year for quitting — 4.1 million workers left their jobs in December, bringing the grand total for … Read more
NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. The rate increase will likely make it even costlier to borrow for homes, autos and other … Read more
Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in the kitchen of her Atlanta home, and she needed to … Read more
US stocks were mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the tech industry’s biggest players. The technology-heavy Nasdaq Composite (^IXIC) soared by almost 3% in midday trading. The S&P 500 (^GSPC) added 1.3%, while the Dow … Read more
Image: Ferrari Ferrari can do no wrong, Tesla’s suppliers are peeved at its price shenanigans and electric semis have a big problem. All that and more in this Thursday edition of The Morning Shift for February 2, 2023. 1st Gear: Never Bet Against the Horse It must be a ball running Ferrari, the one manufacturer … Read more
Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1.655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the … Read more