The annual rate for newly purchased Series I bonds could potentially drop below 5% in May, causing concern among investors. Currently, individuals earn 5.27% annual interest on new I bonds purchased before May 1. However, experts are predicting that the new rate could decrease to around 4.27% based on inflation and other economic factors. Despite
Procter & Gamble recently reported its Q2 earnings, which resulted in a mixed quarter for the consumer products giant. The company’s stock initially plummeted, which may have been interpreted as profit-taking rather than a true reflection of the results. Despite the lower-than-expected sales of $20.195 billion, the organic growth of 3% and an increase in
Lululemon, the popular athletic apparel retailer, has announced its plans to close its distribution center in Sumner, Washington, resulting in the layoff of 128 employees. The company filed a WARN notice with the state’s Employment Security Department, confirming its decision to shut down the facility located south of Seattle. The layoffs will commence on June
Recently, the Federal Aviation Administration (FAA) announced that it will be implementing changes to address concerns over fatigue among air traffic controllers. The head of the FAA, Mike Whitaker, stated that controllers will now be required to have a minimum of 10 hours of rest between shifts, an increase from the previous 9 hours. Additionally,
In a world where technology is advancing at a rapid pace, autonomous delivery drones have become a popular solution for various industries. Zipline, a San Francisco-based startup, has recently celebrated a significant milestone – reaching its 1 millionth delivery to customers. This achievement is a testament to the company’s dedication to innovation and efficiency in
As enrollment deadlines for colleges across the country swiftly approach, an alarming trend emerges. A significant number of students have yet to determine how they will finance their college education for the upcoming academic year. The rollout of the new Free Application for Federal Student Aid (FAFSA) has been fraught with challenges, causing delays in
China’s fiscal stimulus, as analyzed by S&P Global Ratings senior analyst Yunbang Xu, is facing challenges in its effectiveness. The strategy, according to Xu, is more of a tactic to buy time for industrial and consumption policies rather than providing immediate results. In measuring fiscal stimulus, the growth in government spending is used as a
Netflix recently announced that it will be changing its reporting strategy by no longer providing quarterly membership numbers or average revenue per user starting next year. The company stated that they will be focusing on revenue and operating margin as primary financial metrics, as well as engagement as a measure of customer satisfaction. This shift
National Park Week is a nine-day event that runs from April 20 to April 28, where visitors will get free admission to national parks. This initiative is a part of the celebration to commemorate the start of National Park Week. The National Park Service, which oversees 429 park sites in the U.S., offers free entrance
Alaska Airlines has projected second-quarter and full-year earnings that are significantly higher than initial estimates, showing confidence in a strong peak travel season. Despite experiencing a first-quarter loss due to a midair incident involving a Boeing 737 Max 9 aircraft, the airline remains positive about the future. The incident, which occurred on January 5, resulted