In a recent video posted online, United Auto Workers President Shawn Fain didn’t hold back in his criticism of Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. This marks the latest development in an ongoing feud between the CEO
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Palo Alto Networks stock has been performing well leading up to the fourth-quarter earnings report, with a significant increase of 17% since August 5th. This outperforms the S&P 500, which has only seen a gain of around 7% during the same period. This impressive growth has raised investor expectations for the cybersecurity company, creating anticipation
Vice President Kamala Harris recently unveiled an economic plan that includes an expanded child tax credit worth up to $6,000 in total tax relief for families with newborn children. This proposal is aimed at restoring the higher child tax credit that was enacted through the American Rescue Plan in 2021. The 2021 credit provided a
The private jet industry has seen a significant decline in the first half of the year, with private jet flights dropping by 15% compared to their peak in 2022. Despite a brief uptick during the Summer Olympics, where a record 713 private jet flights were recorded to Paris in the last week of July, the
The demand for power from data centers is expected to triple by 2030, driven by the rapid expansion of artificial intelligence technology. Mizuho Securities predicts that this surge in demand will result in data centers consuming 400 terawatt hours, or 50 gigawatts annually. This will account for approximately 9% of total electricity consumption in the
China’s financial landscape has been a topic of concern for international institutions due to its high debt levels, particularly in the real estate sector and local government financing platforms. However, People’s Bank of China Governor Pan Gongsheng recently stated that the overall financial risks in China have decreased, including those related to local government debt.
As retirement nears, investors need to be aware of a potential threat known as the “sequence of returns risk.” This risk, also called “sequence risk,” arises when poor investment returns are coupled with withdrawals, particularly in the early years of retirement. The combination of these factors can gradually diminish a retiree’s nest egg over time.
The casual dining industry has been facing challenges during the pandemic, with many consumers cutting back their spending. Despite this, Chili’s managed to achieve nearly 15% growth in same-store sales in its latest quarter. This success can be attributed to a combination of factors, including a targeted ad campaign, a viral menu item, and a
Warren Buffett, also known as the “Oracle of Omaha,” has sparked curiosity among his followers with his recent move in the stock market. After cutting his tech holdings by half, Buffett now owns the exact same number of shares in Apple as he does in Coca-Cola. This intriguing coincidence was revealed in a regulatory filing
Financial technology firm Klarna has made significant strides in the banking industry with the launch of new products aimed at disrupting retail banking and incentivizing customers to use its platform for both spending and saving. This move marks a shift from its traditional buy now, pay later model to a more comprehensive banking approach. The