After the bell, several companies experienced a surge in their stock prices. Cava Group, for instance, witnessed a 6% increase on the back of a strong earnings report. On the other hand, Ross Stores also saw a significant rise of about 6% following an earnings beat. Workday, the cloud company, jumped more than 11% after
Despite the anticipation surrounding Federal Reserve Chair Jerome Powell’s upcoming speech at the annual gathering in Jackson Hole, the reality is that the market has already priced in rate cuts beginning in September. The consensus is that the Fed will continue to cut rates through the end of the year and into 2025. While the
Affordable housing has become a significant topic in the current economic landscape, with various proposals being put forth by political figures to address the issue. Vice President Kamala Harris recently highlighted the need to make homeownership more accessible by lowering the costs associated with buying and renting homes in the U.S. During a speech in
Cava recently raised its full-year outlook after reporting strong traffic in its restaurants, leading to better-than-expected quarterly earnings and revenue. The company’s shares saw a 7% increase in extended trading, with its market cap reaching approximately $11.6 billion by the end of the quarter. During the quarter that ended on July 14, Cava exceeded Wall
The Inflation Reduction Act has ignited a manufacturing boom across the United States, with investments totaling tens of billions of dollars, particularly in rural areas that are in need of economic development. Since President Joe Biden signed the IRA into law in August 2022, companies have announced a staggering $133 billion of investments in clean
The recent surge in retail stocks, such as Target and TJX, has caught the attention of investors. While these companies saw significant jumps in their stock prices, there is a growing concern about mall real estate investment trusts. Despite the positive performance of Kimco and Simon Property Group, other retail giants like Macy’s experienced a
Wall Street witnessed back-to-back weekly gains recently amidst an overbought market. This sets the stage for a crucial week ahead, with Nvidia earnings and the Federal Reserve’s inflation gauge in focus. Fed Chairman Jerome Powell’s speech at Jackson Hole signaled the likelihood of interest rate cuts, prompting investors to expect substantial adjustments in the policy.
In recent years, the federal government has been increasing its efforts to enforce tax compliance by threatening to revoke the passports of individuals with seriously delinquent tax debts. This change has not gone unnoticed by experts in the field, who have seen a surge in such enforcement actions. The threshold for a seriously delinquent tax
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station (ISS) in early June, is now set to return to Earth without its crew on board. This decision, announced by NASA, comes as a surprise and marks a significant shift in plans for the spacecraft. Originally intended to bring the astronauts back, the
When it comes to planning for retirement, maximizing your 401(k) contributions is often seen as a wise financial move. However, financial advisors suggest that this may not be the best option for everyone. While it is true that employees can defer up to $23,000 into their 401(k) plans for 2024, with an additional $7,500 for