The recent increase in the unemployment rate in July has caught the attention of many economists. However, what has truly alarmed experts is the rise in marginally attached workers within the labor force. These individuals are classified as those who are available and willing to work, but have not actively searched for employment in the
SunPower, once a leading rooftop solar installer, has now fallen into the depths of bankruptcy. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% collapse this year. In a Chapter 11 protection filing, SunPower declared assets and liabilities ranging from $1 billion to $10 billion, painting a
Disney recently announced that starting mid-October, the prices for most plans on Disney+, Hulu, and ESPN+ will see an increase of $1 to $2 per month. The most significant price increase comes for the Hulu plans that include live TV, which will see a $6 bump in monthly fees. Disney+ basic and premium plans will
Uber has recently released its second-quarter earnings report, surpassing Wall Street estimates by a considerable margin. The company’s earnings per share came in at 47 cents, exceeding the expected 31 cents. Additionally, Uber reported a revenue of $10.7 billion, higher than the anticipated $10.57 billion. These results represent a 16% increase in revenue from the
Yum Brands recently reported a mixed quarter, with both Pizza Hut and KFC experiencing declining same-store sales. The CEO, David Gibbs, cited the impacts of the Middle East conflict and a more cost-conscious consumer as factors contributing to these challenges. Despite these headwinds, sales trends in the U.S. have shown improvement compared to the previous
India is poised to experience the fastest growth in ultra high net worth individuals globally in the coming years, as per a report by consultancy Knight Frank. Mumbai, the financial capital of India, has surpassed Beijing to become Asia’s leading billionaire hub. It currently ranks third globally in terms of billionaire count, trailing only behind
Saudi Aramco, the state oil giant, recently reported a net profit of $29.1 billion for the second quarter, which marks a slight decrease of just over 3% compared to the same period last year. The firm’s net income for the first half of the financial year was reported at $56.3 billion, down from $62 billion
On Monday evening, the brokerage firm Robinhood made an announcement on social media regarding the suspension of overnight trading. The company revealed that Blue Ocean ATS, the third-party firm responsible for facilitating round-the-clock trading for Robinhood, had temporarily suspended its overnight market operations. This decision had immediate implications for Robinhood’s 24 Hour Market orders, which
Warren Buffett, the renowned investor known as the Oracle of Omaha, made headlines over the weekend when he slashed his stake in tech giant Apple by half. This unexpected move caused Apple’s stock to plummet by over 7% in premarket trading on Monday. Berkshire Hathaway, Buffett’s conglomerate, revealed in its earnings filing that its Apple
The dream of owning a home is deeply ingrained in the American psyche, but the hidden costs associated with homeownership can be a financial burden for many. Inflation is causing home prices to rise faster than incomes, making it difficult for homeowners to keep up with the escalating expenses. More than 1 in 4 homeowners