The recent data on unemployment rates in July has raised concerns among economists due to the significant increase in marginally attached workers. These are individuals who are willing and available to work but have not actively searched for employment in the four weeks leading up to the survey. The fear is that these workers may
Disney is making moves to increase prices on its streaming platforms such as Disney+, Hulu, and ESPN+. The price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. For instance, the basic and premium plans for Disney+ will now be priced at $9.99 and
In a dramatic turn of events, rooftop solar installer SunPower has filed for bankruptcy after months of financial struggles. The company’s stock plummeted by 32% to a mere 55 cents per share, reflecting a staggering 90% decrease in value over the course of a year. This significant decline can be attributed to various factors, including
Yum Brands recently reported a quarter with mixed results, with both Pizza Hut and KFC experiencing declines in same-store sales. The impact of the Middle East conflict and a more cost-conscious consumer base were cited as reasons for these declines. Despite these challenges, Yum CEO David Gibbs noted that sales trends in the U.S. have
Uber’s second-quarter earnings report exceeded Wall Street expectations, with earnings per share coming in at 47 cents compared to the expected 31 cents. The company also reported revenue of $10.7 billion, surpassing the projected $10.57 billion. This 16% increase in revenue from the previous year showcases Uber’s strong performance in the mobility sector, with a
Saudi Aramco, the world’s largest oil company, reported a net profit of $29.1 billion for the second quarter, representing 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 financial year also saw a decline, dropping from $62 billion to $56.3
India is set to experience the most rapid growth in the number of ultra high net worth individuals (UHNWIs) globally in the coming years, according to Knight Frank. The city of Mumbai has emerged as Asia’s premier billionaire hub, surpassing Beijing earlier this year. Globally, Mumbai holds the third position in terms of billionaire count,
Robinhood, a popular brokerage firm, recently made an announcement that they would be suspending overnight trading due to issues with their execution venue. This decision has raised concerns among investors and traders who rely on the accessibility of round-the-clock trading. The company revealed the news through a statement on social media, explaining that their third-party
Warren Buffett made headlines recently by cutting his Apple stake by half, causing a significant upheaval in the investing world. Berkshire Hathaway’s latest earnings filing revealed that the tech giant’s holding had been reduced by more than 49% to $84.2 billion by the end of the second quarter. This unexpected move sent Apple’s stock plummeting
In the second quarter, Coterra Energy fell short of Wall Street expectations for both sales and earnings. Despite this, the company saw an increase in revenue of 7% year over year, reaching $1.27 billion. However, this figure was below the consensus forecast of $1.33 billion. Adjusted diluted earnings per share also declined by 5.1% to