The latest data on unemployment rates for the month of July has revealed a concerning trend that has caught the attention of many economists. The Bureau of Labor Statistics has identified a group of workers known as marginally attached workers. These individuals are willing and available to work, but have not actively searched for a
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Disney has recently announced that it will be increasing prices on its streaming platforms, including Disney+, Hulu, and ESPN+. These price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. The most expensive plans on Hulu, which include live TV, will see a significant
SunPower, once a leading rooftop solar installer, has recently filed for bankruptcy after facing months of financial struggles. The company’s stock plummeted by 32% to just 55 cents per share on Tuesday, marking a nearly 90% collapse in value over the course of the year. SunPower’s Chapter 11 protection filing in U.S. Bankruptcy Court for
Uber recently released its second-quarter earnings report, surpassing Wall Street’s expectations. The company’s stock saw a 4% increase in premarket trading following the positive results. Let’s delve into the specifics of how Uber performed in the period ending June 30 compared to analyst projections. Uber reported earnings per share of 47 cents, exceeding the 31
Yum Brands recently reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. The company’s CEO, David Gibbs, attributed these declines to the impacts of the Middle East conflict and a more cost-conscious consumer base. These factors have presented significant headwinds for same-store sales, making it difficult for Yum Brands to
India is on the cusp of witnessing an unprecedented growth in ultra-high net worth individuals, outpacing the global trend, as per consultancy Knight Frank. Mumbai, India’s financial capital, has already established itself as the leading billionaire hub in Asia, surpassing Beijing earlier this year. Ranking third globally in terms of billionaire count, after New York
Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter of the financial year. This figure represents a slight decrease of just over 3% compared to the same period last year. The company’s net income for the first half of the year was $56.3 billion, down from
Brokerage firm Robinhood recently announced that it would be halting overnight trading due to an issue with its execution venue, Blue Ocean ATS. This decision came after several other brokerage firms, such as Charles Schwab, experienced technical difficulties on Monday that affected user access to their accounts. The timing of these problems could not have
Warren Buffett, the legendary investor, recently made a bold move by cutting his Apple stake in half, leading to a significant drop in the tech giant’s stock value. This decision sent shockwaves through the investing world and caused global stock markets to tremble amidst concerns of an economic slowdown. Berkshire Hathaway, Buffett’s conglomerate, revealed in
The upcoming Federal Reserve meeting holds significant importance not only for the present economic scenario but also for the future course of action by policymakers. While the short-term interest rates are expected to remain steady, there are indications that interest rate cuts may be on the horizon. The key focus will be on how the
