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Economy

HelloFresh shares pop 11% as meal kit giant beats profit estimates

by Adrian Jhonsan
HelloFresh shares pop 11% as meal kit giant beats profit estimates

Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. …

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Categories World

5 things to know before the stock market opens Monday

by James Odonell
5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: 1. Whirlwind week Stocks nearly recovered to break even last week after a rout on …

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Categories Politics

When companies file for bankruptcy, workers with unpaid wage claims are left in limbo

by Adrian Jhonsan
When companies file for bankruptcy, workers with unpaid wage claims are left in limbo

CHICAGO — Irene Luna, a former pastry cook at The Signature Room, had worked at the restaurant near the top of the former John Hancock Center for nearly 30 years. …

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Categories World

Can a handout ease the burden of poverty, and for how long? – The Mercury News

by Adrian Jhonsan
Can a handout ease the burden of poverty, and for how long? – The Mercury News

The money allowed one mother in California to say “yes” instead of her usual “no” when her child asked for ice cream. In New York, it gave a minimum-wage worker …

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Categories World

Bear market is likely coming in 2025, warns veteran investor David Roche

by Adrian Jhonsan
Bear market is likely coming in 2025, warns veteran investor David Roche

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Tierney L. Cross …

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Categories World

After a busy week of trades, we’re looking to some key inflation data

by Adrian Jhonsan
After a busy week of trades, we’re looking to some key inflation data

It was another volatile week for stocks, but Wall Street ultimately finished lower again. The market experienced a sharp sell-off Monday on recession concerns, which led the S & P …

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Categories World

Inflation spike in Europe is tied to the Olympics, Taylor Swift: UBS

by Adrian Jhonsan
Inflation spike in Europe is tied to the Olympics, Taylor Swift: UBS

A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead of Paris 2024 Olympic Games on …

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Categories World

Bull trap? It’s ‘make or break’ time for U.S. soft landing: strategist

by Adrian Jhonsan
Bull trap? It’s ‘make or break’ time for U.S. soft landing: strategist

The S&P 500 is facing a key test level as the consensus view of a soft landing for the U.S. economy reaches a “make or break” point, according to one …

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Categories World

Trump wants presidents to have some say over interest rates

by James Odonell
Trump wants presidents to have some say over interest rates

Josh Wingrove and Nancy Cook | (TNS) Bloomberg News WASHINGTON — Republican nominee Donald Trump said that the president should have some say over interest rates and monetary policy, a move that would …

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Categories Politics

Poilievre vows 100% tariffs on Chinese EVs as Liberals say decision coming ‘soon’

by James Odonell
Poilievre vows 100% tariffs on Chinese EVs as Liberals say decision coming ‘soon’

Conservative Leader Pierre Poilievre has pledged to match steep U.S. tariffs on Chinese electric vehicles if elected, something the Liberal government is considering but has not announced. The call comes …

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Categories Politics
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