Cryptocurrencies
Congress’ new bill has some good news for retirees
Most bills that pass the House 414 to 2 don’t make the news. This one should. It landed on the Senate’s desk on July 30, and it has the potential to close a legal gap Read more…
Cryptocurrencies
Japanese Yen Rallies for the Third Straight Day Against US Dollar and Euro
USDJPY edged higher from new lowest level in almost three months, following three-day sharp fall on coordinated intervention by Japan’s authorities and US central bank, to support weakening yen. Massive intervention buying lifted yen against Read more…
Cryptocurrencies
92-year-old freight company turns rival bankruptcy into profit
In business, losing a bidding war is usually bad news. Old Dominion Freight Line (ODFL) lost one in 2023, and that defeat quietly became one of the smartest financial decisions in the company’s history. The Read more…
Cryptocurrencies
Grocery giant keeps closing stores
When it comes to picking a grocery store, location matters. “The share of men who preferred to shop in a grocery store because of its location was 47.5% — nearly 6 percentage points higher than Read more…
Cryptocurrencies
Software company soars amid plans to cut 1,000 jobs
ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW’s stock price climbed toward $111 Read more…
Cryptocurrencies
US ISM Manufacturing Hits Three-Year High, Employment Returns to Growth
US manufacturing gathered further momentum in July, with the ISM Manufacturing PMI rising to 55.6 from 53.3, its highest reading since May 2022 and well above market expectations. According to ISM, the latest reading is Read more…
Cryptocurrencies
BofA refuses to embrace cybersecurity darling ahead of earnings
Every investor has felt the itch to buy the one stock everyone else already owns. Fastly’s chart this year has that kind of pull, a steady climb that turns skeptics into buyers with each new Read more…
Cryptocurrencies
Tesla rival trims spending plans despite revenue beat
Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Read more…
Cryptocurrencies
Alphabet’s stock splits: History & prospects explained
Alphabet was founded as Google in Menlo Park, California, in 1998, and its original name quickly became synonymous with the concept of the internet search engine. The company went public in 2004, and more than Read more…
Cryptocurrencies
Boeing stock slips after CEO reveals Air Force One disappointment
Boeing investors got a mixed picture last week. The plane maker is delivering more jets than it has in years. But a familiar problem, its presidential aircraft contract, is still eating into profits. The company’s Read more…