Starbucks and the union representing its baristas have decided to resume contract negotiations after an extended period of stalemate. This development comes following their previous announcement in February about finding a “constructive path forward” during mediation discussions. This marks a significant shift for Starbucks, which had been embroiled in a two-year battle against Workers United
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Ford Motor is set to reveal its first-quarter earnings after the markets close on Wednesday. Analysts on Wall Street have put forward their expectations for the company’s performance during this period. The consensus estimates suggest earnings per share of 42 cents, adjusted, with automotive revenue reaching $40.10 billion. These figures reflect a 2.6% increase in
Last week, mortgage rates experienced a third consecutive increase, reaching the highest level since November. Consequently, mortgage application demand suffered a 2.7% decline compared to the previous week, according to the Mortgage Bankers Association’s index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances also rose to 7.24% from 7.13%, with
Kering, a French luxury group, experienced a significant setback as its shares plummeted more than 9% in early trading on Wednesday. This decline was a result of the company’s warning about an expected sharp downturn in first-half profits, primarily due to dwindling demand for its flagship brand, Gucci. The group projected a 40% to 45%
U.S. prosecutors are pushing for a sentence of 36 months for the former CEO of Binance, a cryptocurrency exchange, on charges related to enabling money laundering. This recommended sentence is significantly higher than the advisory guidelines, which suggest a range of 12 to 18 months in prison. The prosecutors argue that a 36-month sentence would
In the midst of a challenging global landscape characterized by the ongoing Covid-19 pandemic, Swiss pharmaceutical giant Roche has managed to navigate through uncertainty and report a modest uptick in first-quarter sales. Despite facing waning demand for its Covid-19 products, the company has shown resilience in the face of adversity. Roche reported a 2% increase
Boeing’s upcoming quarterly report is expected to shed light on the repercussions of a door plug loss incident in January involving a 737 Max 9 plane. This incident not only led to another safety crisis for the company but also brought additional federal scrutiny and a slowdown in production. As a result, analysts are predicting
If you missed the federal tax deadline, which was April 15 for most filers, it is crucial to file your return and pay your balance as soon as possible to avoid further penalties and interest. The IRS states that if you still owe taxes for the previous year, you will continue to accumulate penalties and
The Biden administration recently issued a final rule aimed at regulating the investment advice provided to retirement savers. This rule, enforced by the U.S. Department of Labor, seeks to ensure that the advice offered by advisors, brokers, insurance agents, and other intermediaries is in the best interest of the savers. The regulations expand the obligations
PepsiCo recently released its quarterly earnings report, surprising analysts with better-than-expected results despite facing challenges in the U.S. market. The company reported a net income of $2.04 billion, or $1.48 per share, beating Wall Street expectations. However, PepsiCo’s stock saw a decline of over 2% in morning trading, signaling investor concerns regarding the future outlook
