Investors experienced an emotional roller coaster in August, with a historic volatility surge shaking up the market. While some investors took advantage of a brief buying opportunity, the S & P 500 is now nearing its all-time high. As we enter September, a traditionally bearish month, I anticipate a slowdown in the market. The SPDR
Profit
Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
Tower Health, a nonprofit regional healthcare system in Pennsylvania, has been facing significant challenges in recent years, leading to a restructuring plan involving the exchange of outstanding debt and issuance of new bonds. This article will delve into the details of Tower Health’s financial struggles, the impact of the pandemic, and the efforts to bring
The weakening of most Asian currencies on Thursday came as a result of the dollar’s rise from seven-month lows, prompting some bargain buying. The overall sentiment in the market was still biased against the greenback due to expectations of interest rate cuts. The Japanese yen, which had seen strong gains earlier in the week, softened
The expectation for dividends to play a larger role in market returns is gaining traction, with Bank of America predicting a significant increase in dividend contributions compared to the previous decade. Equity and quant strategist Savita Subramanian emphasized the importance of dividend-paying stocks, especially as the Federal Reserve adjusts rates and bond yields begin to
Ford Motor’s recent announcement of delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a strategic shift in the company’s approach towards electric vehicles. Instead of focusing solely on all-electric models, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles to better
In the volatile world of the stock market, investors are always looking for reliable sources of information to guide their investment decisions. One such source is the top Wall Street analysts who conduct detailed analysis of companies before making their recommendations. This week, one of the top picks by these analysts is project management software
The United Auto Workers President, Shawn Fain, has recently raised serious concerns about Stellantis CEO Carlos Tavares in a video shared on Friday. Fain accused Tavares of engaging in price gouging practices that harm consumers and failing to uphold certain aspects of the labor contract with the union. This ongoing conflict between the CEO and
Starbucks, the struggling coffee giant, has been facing operational issues that have been affecting its sales in recent quarters. One of the main culprits for its decline in same-store sales is the increasing reliance on mobile orders. These orders account for approximately one-third of Starbucks’ total sales, presenting additional challenges for baristas due to their
In a time of heightened market volatility, it is crucial for investors to carefully select where they put their money. The recent spike in the CBOE Volatility Index to 66 during the August 5 selloff, fueled by concerns over the U.S. job market and consumer spending, has left many jittery about the future. This volatility