Author: News Room

Check out the companies making headlines in midday trading. Nike — The sneaker brand fell nearly 8% after the company gave a soft outlook for the full year and reported that sales in China have been slowing . In its latest quarter, Nike reported beats on the top and bottom lines. Lululemon — The athleisure company plummeted 16% after posting weaker-than-expected guidance as demand slows in North America. Separately, Lululemon beat earnings and revenue expectations for its fiscal fourth quarter. Reddit — Shares of the social media platform shed 2% a day after its initial public offering. On Thursday, Reddit…

At a fundraiser in New York, Donald Trump asked donors what they thought of Arizona Senate candidate Kari Lake as a running mate. In recent conversations, the former president has appeared fixated on Ohio Sen. JD Vance. And Florida Sen. Marco Rubio, New York Rep. Elise Stefanik, former Trump Cabinet official Ben Carson and even former South Carolina Gov. Nikki Haley are among some of the names on a lengthy list Trump has mentioned over the past several months. The presumptive GOP nominee is floating them all as he weighs who the next potential vice president will be. Trump routinely…

Crude glide-bombs—with pop-out wings and bolt-on satellite-guidance kits—arguably are the decisive weapons in the 25th month of Russia’s wider war on Ukraine. Possibly more decisive than explosive first-person-view drones. Possibly even more-so than the traditional king of battle: artillery. And at present, there’s very little Ukraine can do to fight back. Its best air-defense missiles and launchers are in desperately short supply. Its ex-Soviet fighter jets lack the range to engage the glide-bombers. And its ex-European F-16s, which might give the Ukrainians a fighting chance, haven’t yet arrived. Dropping a hundred or more KAB glide-bombs a day from as far…

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But there’s another side of that story that warrants more attention, involving money-market funds, a Carson Group strategist said. “I want to take the other side of higher rates and that is savers are finally being rewarded,” Ryan Detrick, chief market strategist, wrote in a blog post. “It is estimated there is more than $6 trillion in money markets currently and most of those accounts are earning close to 5%. That right there is a plus side to higher rates.” That doesn’t mean consumers aren’t feeling any pain at all. Interest payments have surged as Americans simply pay more for any…

Millions of workers left their jobs in what’s known as The Great Resignation.Some states are still seeing higher rates of job quitting than others.Alaska had the highest quits rate in January at 3.6%. The COVID-19 pandemic sparked a recognizable shift in working culture in the US, as factors like pay, working conditions, and cost of living prompted millions of workers to quit their jobs in an era appropriately coined The Great Resignation.But while workers are still quitting — especially in industries like retail trade and leisure and hospitality, USA Today reported —overall, they’re doing so at a much slower rate…

By Daniel Trotta (Reuters) – U.S. state and local governments pushed ahead this week with divergent strategies to deal with the country’s homeless crisis, aiming either to raise more funds to address the issue or to empower authorities to rid public places of its visible signs. In California, voters narrowly approved a ballot measure that prioritizes funding for homeless services. In Chicago, voters appeared to reject a tax increase on property transfers worth more than $1 million, spelling the defeat of a plan that may have raised $100 million a year to benefit the city’s burgeoning population of residents without…

Nexstar Media Group, Inc. (NASDAQ:) Director Lisbeth McNabb recently sold 3,175 shares of the company’s common stock, according to a new SEC filing. The transaction, which took place on March 21, 2024, resulted in a total value of approximately $533,400, with shares sold at a price of $168 each. The sale by McNabb has adjusted her holdings in Nexstar Media Group, leaving her with a total of 5,252 shares following the transaction. As a member of the company’s board, such transactions are closely watched by investors for insights into the confidence level of the company’s insiders regarding the firm’s prospects.…

European Union leaders have endorsed a proposal to use windfall profits on frozen Russian financial assets to assist Ukraine, including spending as much as $3 billion a year on arms and ammunition for the country. The leaders agreed Thursday to further develop the plan presented by the European Commission. The EU will now need to come up with mechanisms to deliver the aid that take account of misgivings among some militarily neutral member states such as Austria, Ireland and Malta. “We are determined to act very quickly,” Charles Michel, who chairs the council of EU leaders, said at a press conference late…

Natural Gas prices were unable to break above $1.90 this week.  Traders are throwing in the towel on bullish outlooks after European PMI data points to a subdued economic outlook. The US Dollar Index sprints higher with markets not buying into Fed’s soft-landing narrative.  Natural Gas (XNG/USD) trades roughly flat on Friday and it is set to close off the week with a small gain on the US side. However, on the other side of the Atlantic, the European Gas market is set to close this week in the red as elevated reserves and a lackluster economic outlook in Germany…