US stock futures fell on Thursday morning as investors worried about inflation and rising oil prices. At the same time, investors were also looking ahead to the new US corporate earnings season. The market was caught between optimism over company earnings and fresh concerns about inflation. US stock futures fall as oil prices and inflation … Read more
The S&P 500 could face another major downturn if rising oil prices push inflation higher and force the US Federal Reserve to keep raising interest rates. The index last entered bear-market territory in 2022 and 2023, when high inflation led the Fed to aggressively increase interest rates. Tesla stock could face pressure if rising oil … Read more
US diesel prices have hit a new all-time record as fuel costs continue to rise. Gasoline prices are also climbing across the country, adding to concerns about higher costs for consumers and businesses. The national average price of regular gasoline reached $4.48 per gallon on Monday. That is up from $4.32 per gallon a week … Read more
Wendy’s stock came under pressure after one of its major franchise operators filed for Chapter 11 bankruptcy protection. Shares of Wendy’s (WEN) fell 3.58% on Friday, closing at $6.74. The stock touched an intraday low of $6.60, keeping it close to its 52-week low of $6.07. Wendy’s stock falls after major franchisee files for Chapter … Read more
Las Vegas company surprises nearly 10,000 workers with more than $70 million in stock (Image Credit: Red Rock Resorts) Nearly 10,000 employees of Las Vegas-based Station Casinos received an unexpected financial reward as the company marked its 50th anniversary. According to a September 9 announcement from Red Rock Resorts, the parent company of Station Casinos, … Read more
Labor Day, celebrated on the first Monday of September, honors the contributions of American workers. The federal holiday traces its origins to the labor movement of the late 19th century. The first official Labor Day celebration took place in New York City in 1882. Congress then designated it a federal holiday in 1894 under President … Read more
Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce. The layoffs are part of a restructuring aimed at reducing management layers, cutting costs and making the … Read more
Thieves stole 400,000 juvenile oysters worth about $350,000 Waterborne thieves have raided an oyster farm on the New South Wales Mid North Coast, stealing 400,000 young oysters worth about $350,000 AUD (£177,000). The theft has wiped out around a third of the grower’s total stock. The large-scale theft is being investigated by the New South … Read more