The restaurant industry has taken a significant hit as bankruptcy filings have been on the rise in 2024. This surge comes as a result of a myriad of challenges that restaurants are facing. Diners are becoming increasingly cautious with their spending as the effects of the pandemic still linger. In addition to this, labor costs
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Investors are keeping a close eye on the Federal Reserve’s anticipated interest rate cut in September, with a shift expected to favor dividend-paying stocks. The rationale behind this strategy lies in the fact that, in light of the lower interest rates, dividend yields from stocks tend to become more appealing compared to other traditional income-generating
Chinese President Xi Jinping recently emphasized the crucial need for a stable and healthy relationship between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi conveyed China’s unwavering commitment to maintaining a positive and sustainable relationship with the U.S., despite escalating tensions in recent years. President Xi expressed
American Eagle faced a setback as it missed Wall Street’s sales targets for a second consecutive quarter, causing its shares to fall by approximately 3% in early trading. While revenue for the quarter came in at $1.29 billion, slightly below the expected $1.31 billion, profit grew by nearly 60%, with earnings per share at 39
In recent years, there has been a noticeable shift towards renting among Americans for various reasons. According to a report by Intuit Credit Karma, more people are opting to rent items such as cars, apartments, clothing, and furniture due to factors like affordability and flexibility. The rental industry has expanded to include a wide range
MongoDB, a prominent database software maker, experienced a significant increase in its shares by as much as 16% during after-hours trading following the release of its fiscal second-quarter financial results. The company exceeded expectations on both fronts, with adjusted earnings per share at 70 cents compared to the anticipated 49 cents, and revenue reaching $478.1
The tech earnings parade continued on Thursday with Marvell Technology leading the way. The stock saw an increase of about 8% after hours following a better-than-expected revenue report for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. However, in the past month alone, shares have increased by
The latest data from the S&P CoreLogic Case-Shiller U.S. National Home Price Index has revealed that home prices have reached the highest level ever, even as mortgage interest rates were on the rise. The three-month running average ended in June showing prices nationally were 5.4% higher than in June 2023. Although this was a record
The concept of automated retirement savings, such as automatic enrollment and automatic escalation in 401(k) plans, has been praised for its potential to significantly boost employees’ nest eggs. However, recent research suggests that the impact of these policies may not be as positive as originally believed. The Reality of Automated Savings While policies like auto-enrollment
Dollar General, a discount retailer catering to lower-income customers in rural areas, experienced a significant setback as it cut down its sales and profit projections for the fiscal year. The company’s shares plummeted by 25% following the announcement, indicating a lack of confidence from investors in its future performance. This suggests that the economic challenges