Burberry Group, a British luxury fashion house, faced a major setback as it dropped out of the U.K.’s FTSE 100 stock market index, highlighting the challenges the company is currently navigating. The company’s fall from the FTSE 100 index came after a period of waning sales, management changes, and a significant decline in its share
Nobel Prize-winning economist Joseph Stiglitz has criticized the Federal Reserve’s monetary policy tightening and its impact on inflation. Stiglitz argues that the Fed needs to make a significant interest rate cut to address the inflation problem that has been exacerbated by the central bank’s actions. He emphasizes the importance of normalizing interest rates but believes
Broadcom recently reported its fiscal third-quarter results, which exceeded Wall Street’s expectations for both revenue and earnings. The company posted earnings per share of $1.24 adjusted, beating the expected $1.20. Additionally, revenue came in at $13.07 billion, surpassing the $12.97 billion that was anticipated. Overall, these numbers indicate a strong performance for Broadcom in the
Seven & i Holdings has recently made a decision to decline the takeover offer from Alimentation Couche-Tard, a Canadian convenience store operator. The reason behind this rejection is that Seven & i Holdings believes the offer “is not in the best interest” of its shareholders and stakeholders. The proposed acquisition was valued at $14.86 per
Vice President Kamala Harris has recently proposed an increase in the capital gains tax rate, specifically targeting high earners with annual incomes exceeding $1 million. This proposal has sparked a debate among financial advisors and experts, who are discussing the potential implications of such a policy change. While Harris’ plan is aligned with President Joe
Boeing’s Starliner recently undocked from the International Space Station, marking the end of a troubled test flight that was plagued with delays and unexpected complications. Originally, the spacecraft was supposed to depart much earlier, but due to various issues, the departure was delayed for months. The two NASA test pilots, Butch Wilmore and Suni Williams,
Exchange-traded fund inflows have reached record levels in 2024, with managers predicting a potential impact from the money market fund boom before the end of the year. Nate Geraci, president of The ETF Store, highlighted the significant amount of $6 trillion parked in money market funds as a major factor to watch for the remainder
Automakers are once again leaning into advertising during the National Football League (NFL) season after a period of reduced spending in recent years. With Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers leading the charge, the NFL and its games are set to become the main advertising platforms in the upcoming months. Toyota,
Forward Air is a company that operates as an asset-light provider of transportation services across various regions, including North America, Europe, and Asia. The company’s business segments include Expedited Freight, Intermodal, and Omni Logistics. With a stock market value of $884.7M and a focus on transportation services such as LTL, truckload, and intermodal drayage, Forward
An activist investor, Starboard Value, has recently taken steps to dissolve News Corp’s dual-class share structure, marking a significant challenge to the long-standing control of the Murdoch family over the media giant. This move, made through a non-binding shareholder resolution, has raised eyebrows in the financial world. As of September, Rupert Murdoch had control over