The construction industry is facing challenges due to extreme heat waves, leading to a slowdown in projects. According to Art Hogan, chief market strategist at B. Riley Wealth, what typically takes two days can now take three or four as builders need to take more breaks. To combat the effects of the heat, some companies
Selling
Toyota Motor Chairman Akio Toyoda faces potential reelection challenges at the upcoming annual general meeting due to scandals involving violations of certification tests at Toyota and its group companies. Proxy advisory firms have recommended against his reelection, citing concerns over governance and board independence. Despite the declining approval rating of Toyoda from 96% in 2022
The upcoming week in Asian markets is set to kick off with the monthly Chinese ‘data dump’, providing investors with crucial insights into the state of the world’s second-largest economy. While recent indicators such as producer and consumer prices have pointed towards looming deflationary risks, a closer look at retail sales, business investment, industrial production,
GameStop’s annual shareholder meeting faced a major setback on Thursday as computer problems caused servers to crash under overwhelming interest in the stream. According to a customer service representative for the company hosting the stream, the meeting was scheduled to begin at 11 a.m. ET and was hosted on ComputerShare. However, when attendees tried to
Recent reports suggest that the United States is considering further tightening restrictions on China’s access to chip technology crucial for the advancement of artificial intelligence. Specifically, the Biden administration may target the high-tech chip architecture known as gate all-around (GAA), which offers improved performance and lower power consumption. While this move could have significant implications
In the world of cryptocurrency investing, the practice of “HODLing” has long been celebrated as a way to weather the storm of extreme price fluctuations. However, with the rise of exchange traded funds (ETFs) that track bitcoin’s price, the traditional strategy of simply holding on may be losing its appeal. As more traditional investors enter
The recent passage of legislation in New York to restrict social media platforms from exposing addictive content to users under the age of 18 without parental consent marks an important step in addressing the risks that children face online. The bills are aimed at curbing the negative impact of excessive social media use on adolescent
Costco Wholesale’s decision to offer high wages at its warehouse in a rural Japanese town has had a ripple effect on local businesses. When Costco opened its doors, it created a demand for workers by offering competitive salaries, which in turn forced nearby businesses to consider adjusting their own wages. One such example is a
Nvidia made headlines on Wednesday when it briefly surpassed Apple in market cap during intraday trading. This milestone comes as the chipmaker solidifies its position as the primary beneficiary of the artificial intelligence boom. With a market cap of $3.007 trillion, Nvidia is now on track to become the second most valuable U.S. company, overtaking
Bath & Body Works recently experienced a significant drop in their stock price, with a 14% decline marking their worst day since 2021. This decline followed the release of first-quarter earnings and revenue that beat estimates, however, the company offered a disappointing outlook for the second quarter. With earnings expected to be lower than anticipated,
Recently, a Delaware judge made a significant ruling regarding the over 70,000 lawsuits filed against the former makers of the heartburn drug Zantac. The judge, Vivian Medinilla of the Delaware Superior Court, allowed expert witnesses to testify in court that Zantac may be linked to cancer. This decision was seen as a setback for the
GameStop, a video game retailer, saw a significant increase in its shares by almost 23% after announcing that it made approximately $933 million from a stock sale. Gambling Stocks DraftKings and U.S.-traded shares of FanDuel parent company Flutter Entertainment experienced a decline of 10% and 7% respectively. This drop was attributed to the Illinois Senate
In the current climate of ongoing macroeconomic uncertainty, UBS analysts are advising investors to seriously consider implementing portfolio hedges. With the potential for market fluctuations and unforeseen challenges, having a well-diversified portfolio with hedges in place is crucial to mitigating risk. While gold has traditionally been viewed as a safe-haven asset, there are concerns regarding
As Broadway’s spring season progresses, it is evident that the Tony season box office ranking is starting to take shape. The strongest newcomers are holding their ground, with repeat sell-outs like An Enemy of the People, Cabaret at the Kit Kat Club, and Hell’s Kitchen leading the pack. These shows, along with The Outsiders and