Business
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AMGN – Your Bullseye Pick of the Week
Editor’s Note: This was sent to subscribers of Jeff Bishop’s Bullseye Trades on Monday, April 3rd, 2023. Speaking of “Rocket Trades,” last week, we saw several great ones. My favorite was the call on CAT to the upside on Wednesday, and then it doubled by the market close on Friday. I was at the airport…
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Tesla is not done cutting prices, analysts say
Tesla Inc.’s recent price cuts are unlikely to be the last, and they put margins in the spotlight with the electric-vehicle maker set to report quarterly earnings soon. That’s from analysts at Bernstein and Citi on Monday, commenting on further Tesla price cuts on Friday. Base prices for the Model S and Model X each…
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How to succeed in business when you work from home
Switching from the home-work-home commuting cycle to an environment where your home doubles as your office can be unsettling to many, and it comes with unique challenges as well as benefits. But remote work is here to stay for many employees. Experts predict that 36.2 million Americans — a 417% increase from pre-COVID pandemic levels…
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When workers are an employer’s No. 1 priority, stockholders benefit too
The deep uncertainty that the COVID pandemic created in the workforce hasn’t waned. U.S. workers are struggling with inflation, burnout, and fresh waves of layoffs. This comes as people expect more from employers — more leadership, more urgency, more action, and better jobs. The public’s perspective is clear and consistent: companies need to prioritize their employees.…
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Metaverse Fashion Week was a bust this year, but fashion brands are still embracing the metaverse
Decentraland, a virtual gaming platform accessible only through laptops and desktops, held its second annual Metaverse Fashion Week on the last week of March. Notable brands that participated in the virtual experience included big name fashion companies like Tommy Hilfiger (under PVH PVH, -2.81% ), DKNY, Adidas ADS, -0.12%, Dolce & Gabbana, and others. But…
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Gensler’s meme-stock reforms are meant to help retail traders. Some investor protection advocates aren’t so sure.
The meme-stock frenzy of 2021 focused the public’s attention on market structure with unprecedented intensity. Flush with COVID stimulus funds and hemmed indoors by pandemic restrictions, Americans took advantage of no-commission trading services like Robinhood HOOD, +2.67% to gobble up high-flying stocks made famous on social media. It was a wild ride, until the intensity…
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U.S. oil refiners looking at ‘record’ Q1 profits ahead of peak summer season
U.S. oil refiners are expected to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.” The analysts on average raised their first-quarter earnings expectations for refiners by 9%, thanks to a “strong finish” for crack spreads, or the difference…
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‘Gaslighters have two signature moves’: Are you being gaslighted at work? Here’s how to recognize the signs.
Are you less happy at work since you befriended that new recruit? Have they told you stories about how colleagues have constantly undermined them? Maybe you have a boss who excludes you from key meetings and then asks why you did not attend a meeting even though you are pretty sure you were not invited…
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Student loan ‘train wreck’: As return of regular payments loom, servicers have less staff to field expected deluge of calls
Borrowers are slated to resume student loan payments in a few months and if they need help, it may be harder to get someone on the phone than in the recent past. In documents filed with the Securities and Exchange Commission, Nelnet NNI, -0.18%, a publicly traded company that owns two major student loan servicers,…
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Big bank earnings in spotlight following historic failures: ‘Every income statement line item is in flux’.
JPMorgan Chase & Co. JPM, -0.11%, Citigroup Inc. C, +0.20% and Wells Fargo & Co. WFC, +2.74% — along with PNC Financial Services Group Inc. PNC, +0.37% and BlackRock Inc. BLK, +0.05% — report earnings Friday as Wall Street’s fixation on a recession continues to run deep. And following the implosion of Silicon Valley Bank…