Not-So-Happy Meal: $20 Wages Has Burger Joints In This State All Heated California fast-food employees started earning a minimum of $20 an hour in April. Thanks to a new law, which went into effect earlier this month, California chain restaurants with at least 60 locations nationwide have to pay their employees more. For smaller restaurants, […]
Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5% U.S. Treasury yields have reached their highest levels since mid-November 2023, driven by a mix of economic resilience, persistent fiscal spending and resuming inflationary pressures. These factors are steering the market’s expectations away from […]
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. […]
Yuichiro Chino/Getty Images The latest sell-off in tech stocks is a fresh buying opportunity for investors, Wedbush said. Tech earnings this season are expected to be strong as the AI frenzy continues. A strong earnings season could end up powering the sector 15% higher, Wedbush predicted. Tech stocks are a strong buy after last week’s […]
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Monday defended the quality and safety testing on its 787 Dreamliner and 777 aircraft, days after one of […]
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.Andrew Kelly/Reuters US stocks jumped on Monday as investors brushed away concerns about the Israel-Iran conflict. Stock gains extended following March retail sales data, which climbed 0.7%, more than double expectations of 0.3%. First-quarter earnings results […]
Image source: The Motley Fool/Upsplash Your brokerage account, for the most part, is not an account you want loaded with cash. If you want access to cash for emergency expenses and near-term financial goals, then a savings account is your best bet. Your brokerage account, by contrast, should be loaded with stocks and other investments […]
The Dow Jones Industrial Average tumbled Monday amid spiking yields even after key index component Goldman Sachs (GS) beat views. Meanwhile, Tesla (TSLA) fell after Chief Executive Elon Musk said massive job cuts are coming, as Trump Media & Technology (DJT) also sank. And Apple (AAPL) and Nvidia (NVDA) both fell on the stock market […]
Trump Media & Technology Group (DJT) stock sank 18% to close at $26.61 on Monday after the parent company of Donald Trump’s social media platform Truth Social filed to issue more than 21 million shares. Monday’s stock slide was an extension of last week’s sell-off and highlighted the shares’ volatility since Trump Media went public […]
(Bloomberg) — Tech megacaps dragged down stocks as bond yields jumped after hot retail sales spurred bets the Federal Reserve will be in no rush to cut rates. Oil whipsawed on geopolitical angst. Most Read from Bloomberg In a volatile session, the S&P 500 erased an earlier advance and fell over 1%. Microsoft Corp., Apple […]
Homebuilder stocks fell on Monday after a closely watched housing sentiment index broke a four-month streak of gains amid high mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) stayed at 51 in April, unchanged from March. To be sure, any number over 50 indicates that more builders view conditions […]
In recent days, Bitcoin (CRYPTO: BTC) has experienced a whirlwind of volatility, with its price plummeting as low as $61,000. In the wake of heightened geopolitical tensions in the Middle East, things feel much different from when it hit a new all-time high of $73,000 in mid-March. For many investors, such sharp fluctuations may trigger […]
