Members of the United Auto Workers union recently organized a rally and picket near a Stellantis plant in Detroit on August 23, 2023. This is just one example of workers across various industries taking a strong stance and demanding higher pay and improved quality of life. The COVID-19 pandemic, along with increased company profits, inflation, …
In a week filled with major events such as Nvidia’s quarterly results and Federal Reserve Chairman Jerome Powell’s Jackson Hole address, our portfolio underwent a series of adjustments. These changes were driven by careful analysis and strategic decision-making. Let’s take a closer look at our trades and price-target adjustments for each day. Monday set the …
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC The second quarter proved to be a defining period for restaurant companies, with some emerging as winners and others as losers. Two key factors influenced their performance: menu prices and customer behavior. While some chains experienced alienation from diners due …
Former Goldman Sachs CEO Lloyd Blankfein denies a news report claiming he offered to return to the company after stepping down. In a conversation with CNBC, Blankfein stated that The New York Times misquoted him in their article, where they alleged that he expressed impatience with the firm’s progress and offered to help in their …
Target is implementing a strategic move to boost sales by incorporating Starbucks beverages and food into its curbside pickup service at stores nationwide. This expansion will cover the majority of Target’s locations, with over 1,700 stores that house Starbucks cafes and offer Drive Up service. The company plans to roll out this feature chain-wide during …
Affirmative action has been a topic of intense debate, with supporters and counterprotesters clashing outside the Supreme Court. But the implications of the recent ruling on college admissions go beyond the courtroom, as major businesses express concerns about how it could impact their diversity goals and hiring practices. Companies like Apple, General Electric, Google, Salesforce, …
An intriguing sight in Germantown, New York, on July 17, 2023, as elf complexion sponges are organized. Photograph by Gabby Jones for Bloomberg/Getty Images Discover the notable companies in the spotlight after hours. SolarEdge Technologies — The solar stock experienced an 11% drop in extended trading. SolarEdge missed revenue expectations in the second quarter, recording …
The Match.com website is displayed on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Here are the noteworthy companies grabbing attention before the market opens on Wednesday. CVS Health – Shares of the prominent retail pharmacy surged 1.8% in premarket trading following the release of robust second-quarter earnings and revenue. CVS reported earnings …
A Solarpro employee installs a SolarEdge Technologies Inc. inverter at a residential property in Sydney, May 17, 2021. Brendon Thorne | Bloomberg | Getty Images Discover the companies making significant midday moves: SolarEdge Technologies — The solar stock experienced a 19% decline as the company’s reported revenue of $991 million fell short of analysts’ estimates …
Illustration photo of the Starbucks logo on a cup at the airport in Charleroi, Belgium on July 27, 2023. Photo by Jakub Porzyck/Nurphoto/Getty Images Starbucks reported better-than-expected quarterly earnings on Tuesday, although its same-store sales fell short of Wall Street’s estimates. However, the company maintained its fiscal 2023 outlook during the conference call. Starbucks is …