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Tencent Sees Quarterly Revenue Decline for the First Time
It may be an inevitable part of any business but that doesn’t make it any easier to handle. Still, the news that Tencent suffered its first quarterly revenue decline probably came as a bit of a surprise to some. The China-based... More of this article »
Housing Market Confidence Dips to Lowest Rate in More Than A Decade
According to the National Association of Home Builders (NAHB), the Wells Fargo Housing Market fell by 6 points in August, to a score of 49, for the first time since May of 2020. This is below what they consider to be the “break even”... More of this article »
Labor Department Hits Dollar General With $1.3 Million in Safety Violation Fines
Discount retail chain Dollar General has been hit, this week, with upwards of $1.3 million in worker safety violation fines. This comes after individual Department of Labor safety inspections at three of their Georgia locations: ... More of this article »
American Airlines Set to Buy 20 Supersonic “Overture” Jets from Boom
It may have been roughly two decades since the demise of the Concorde, but it appears that supersonic passenger flights may not be lost in the past. Apparently, American Airlines has agreed to purchase as many as 20 supersonic jets... More of this article »
Russian ASAT Debris Squalls Exacerbated by Starlink Satellite Launches
Loose debris from a Russian anti-satellite missile is wreaking some havoc in orbit as pieces of ex-spacecraft circle the planet with alarming speed. The debris is left over from the destruction of the now-offline 2,200 kg signals... More of this article »
Disney+ Subscriber Growth Exceeds Expectations So Higher Prices On the Way
In the first week of August, the Walt Disney Company released its fiscal third quarter report, with substantial fanfare. This is because the report indicates Disney+ subscriptions increased to 152.1 million, easily beating their original... More of this article »
Even As Mortgage Rates Climb Above 5 Percent, Market Volatility May Be Slowing
Mortgage rates have increased to more than 5 percent this week, after falling below the same threshold for the first time in many months just a few weeks ago. Obviously this suggests the housing market is quite volatile right now... More of this article »
Is Expanding the Games Catalog Enough To Save Netflix?
With consistent monthly subscriber losses the current trend, Netflix continues to look for new ways to entice customers. One strategy they have employed, of late, is the addition of video games that are available at no extra charge... More of this article »
Experts Say Gas Prices Could Slip To Less Than $3 Within the Next Week
Approaching the end of the first week of November, crude oil prices fell to their lowest numbers sine the start of the Russian invasion of Ukraine, as the futures market hints at a possible recession with great potential to lessen... More of this article »
Pepsi Invests Minority Stake For Preferred Distributorship of Celsius Energy Drinks
On the first day of August, PepsiCo announced a new partnership with Celsius Holdings. The investment announcement mentions a long-term distribution deal to the tune of $550 million. This move certainly makes sense as energy drinks... More of this article »
Are You Affected by the Banana Boat Sunscreen Recall?
Last week, Edgewell Personal Care Company announced they have initiated a voluntary recall of Banana Boat sunscreen. In a recent press release, Edgewell revealed an initial review found the presence of benzene in at least three batches... More of this article »
Nikola Set to Acquire Battery Pack Supplier Romeo Power in $144 million Stock Deal
In the first week of August, electric heavy truck manufacturer Nikola revealed they reached a deal worth $144 million to acquire the battery pack supplier Romeo Power. This would give Nikola direct control over an important quadrant... More of this article »
Hershey Raises Outlook Despite Concerns over Inability to Meet Holiday Demand
Candymaker Hershey Co, last week, warned that it will likely fall short of meeting the demand for holiday candy this year. As is the case with many manufacturers—and across many industries—Hershey is dealing with supply chain... More of this article »
Inflation is Up, Coincidentally, So is Consumer Spending
While consumer spending held strong in June, inflation is still on the rise. As a matter of fact, a key metric the Federal Reserve bank tracks to gauge inflation jumped 6.8 percent last month. This is the biggest annual increase... More of this article »
Used Cars Are Selling For $10k More Than “Normal”
It should come as no surprise to hear that used-car prices have been skyrocketing the past couple of years, mostly as a result of supply-chain issues that formed late in the pandemic. Indeed, it seems like prices for everything from... More of this article »
American Airlines CEO Confides They Are Facing Troubling Times
Commercial airlines continue to struggle this summer, even as the travel season approaches full swing. Complications of returning out of the pandemic coupled with supply chain restraints and staffing problems mean, unfortunately,... More of this article »
United Airlines Posts Positive Financial Report
The summer travel season is getting into full swing, apparently, as air travel into and out of and within the United States is picking up. Delta Airlines reported a nice bump in second-quarter sales and American Airlines expects... More of this article »
California Man Sues Mars Over Potentially Harmful Skittles Ingredient
A man in California has claimed that Skittles candy contains a “known toxin” that should make it “unfit for human consumption.” And for this reason, the citizen is suing the maker of the candy, Mars. The “known toxin” in... More of this article »
Senior White House Officials Expects Gas Prices Will Continue to Drop
If you haven’t noticed, prices at the pump are falling and at least one senior adviser in the Joe Biden administration celebrates that this is likely just the beginning. Indeed, White House senior adviser for energy security... More of this article »
Sinking Homebuilder Confidence Tanks Housing Market
This week, the National Association of Home Builders (NAHB) released their July Housing Market Index (HMI). This report measures overall builder confidence across the country, and the report indicates the report fell from 67 last... More of this article »
New Vehicle Prices Reach Record Highs Straining American Pocketbooks
Along with higher prices for groceries and soaring rents, it appears Americans are getting hit hard in the wallet in another way. Automobile prices are also high right now—up nearly 2 percent since May—but skyrocketing monthly... More of this article »
How to Pick the Best EVE Online Proxy Server
If you spend a lot of time researching new games on the internet, you’ll know how the landscape is changing every single day. Certain gaming platforms are coming up with the most interesting new launches. EVE Online is one of... More of this article »
Empirical Finance LLC Buys 235 Shares of FLEETCOR Technologies, Inc. (NYSE:FLT)
Empirical Finance LLC boosted its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities &... More of this article »
Empirical Finance LLC Has $260,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)
Empirical Finance LLC boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.... More of this article »
IndexIQ Advisors LLC Sells 67 Shares of Extra Space Storage Inc. (NYSE:EXR)
IndexIQ Advisors LLC lessened its holdings in Extra Space Storage Inc. (NYSE:EXR – Get Rating) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,206 shares of the real estate investment... More of this article »