Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Peloton chief executive Barry McCarthy is stepping down from his role as the exercise-bike maker launches a restructuring plan that will cut 15 per cent of its workforce.The former Netflix and Spotify…
President Joe Biden on Wednesday called close US ally Japan “xenophobic” at a Washington, D.C., fundraiser, just weeks after lauding the US-Japan alliance at a state dinner. The president made the remark while arguing that Japan, along with Russia and China, would perform better economically if the countries embraced immigration…
Homebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest rates make it less affordable for purchasers locking in new fixed rate mortgages, according to a new report. The Mortgage Bankers Association’s Market Composite Index, which measures loan application volume, found that the share of…
Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the first quarter.Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG:Earnings per share: 23 cents — it was not immediately…
Check out the companies making headlines in extended trading: DoorDash — Shares of the food delivery company tumbled 13% after its first-quarter report revealed a wider-than-expected loss. DoorDash lost 6 cents per share on $2.51 billion in revenue. Analysts surveyed by LSEG were expecting a loss of 4 cents per…
Journalists tasked with covering violent unrest on college campuses across the US have been arrested and barred access as police moved in to crack down on pro-Palestinian protesters who have set up encampments and barricaded themselves inside buildings. The confrontations with journalists come as student-run news outlets and traditional news…
Last updated: May 1, 2024 12:42 EDT | 2 min read Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite attempts by Representatives Maxine Waters and Patrick McHenry, a Democratic aide on Capitol Hill revealed Tuesday.Stablecoin Legislation Merger With FAA Reauthorization…
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MoreThesis CNX Resources Corporation (NYSE:CNX) has a unique strategy, one that emphasizes free cash flow, or FCF. The natural gas producer then allocates much of that FCF to share buybacks and reducing its debt. It’s been a successful strategy, one that has produced Energy sector-leading returns on equity, total capital,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Humza Yousaf’s resignation on Monday as Scotland’s first minister came less than a week after he ended a power-sharing deal between his Scottish National party and the Scottish Greens.Yousaf’s decision to step…
Can it outrun inflation? Is there more demand than supply? Does it make sense at this point in the cycle?Does it play into current events? Can it be linked to travel? Can it be put in a data center? These are some of a very small handful of themes producing…
Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week, we’re answering…
Looking for a bite at your local mall? As US malls race to reinvent themselves, they’re turning to sushi conveyor belts, craft-beer membership clubs and Korean barbecue to replace burgers and fries. Over the last few decades, malls became the town center of many American communities. But the pandemic, over-building…
Behavior, attitude, technique. If you think about these three components in any pursuit, which is the most important? For example, let’s say you resolve to get more physically active. What is the order of priority when considering your behavior, your attitude, and your technique? Most of us respond initially with…
The housing market has seen better days. Although housing affordability is trending upward, according to the National Association of Realtors, mortgage rates and homeowners insurance are still up across the country, adding to the cost of homeownership. The current state of the market is leaving some buyers searching for affordable…
Since 2022, the IPO market has cooled dramatically in both the number of IPOs and with poor performing following. One potential exception may be Reddit’s (NYSE:RDDT) recent public offering, which had notable volatility, with the stock between the $40 and $70 range. Arguably, Reddit’s IPO is late, and the company…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has said that it would be willing to delay a long-planned assault on Hamas’s last stronghold in the Gaza Strip if a deal to secure the release of Israeli hostages can…
ARK Invest’s chief futurist lists five groups that should give tech investors an edge.According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time.”We believe that this is a unique time in technological economic…
Paramount Global’s board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according to people familiar with the matter.Paramount Global reports its quarterly earnings Monday. Bakish won’t be on the call, the people said.The board is expected to lean on company division heads in lieu of…
One of the core demands over the past week by the pro-Palestinian student groups at Columbia University has been for the school to withdraw investment funds from what they describe as companies profiting from Israel’s military action in Gaza. Columbia’s endowment is worth $13.6 billion and is managed by a university-owned…
Living in the United States is not cheap—especially as prices continue to soar, from groceries to transportation to housing. According to recent reports, an American household spends an average of $61,334 per year on their expenses, with housing being the largest expense, at almost $1,800 a month. So why not…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…
Introduction Altagas (TSX:ALA:CA) (OTCPK:ATGFF) is a Canadian company focusing on energy infrastructure with two main divisions: Utilities and midstream. Data by YChartsThe utilities division focuses on the US where it has about 1.6 million customers across four major jurisdictions. The US utilities division has an asset rate base of approximately…
Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox.The head of Chrysler has warned that tampering with the US-Mexico trade agreement risked making pick-up trucks unaffordable for Americans, after a suggestion from Donald Trump that he could curtail imports across the…
A week ago, Nvidia suffered its third-worst session on record, plunging 10%, in a broader wreckage for artificial intelligence stocks. Those losses have now been completely erased and then some – and not because of anything the AI chip king has said or done. Nvidia’s gains of 4.35% and 3.65%…