(Bloomberg) — Walgreens Boots Alliance Inc. slashed its guidance due to a worsening retail environment and announced it would close significantly more stores as its new chief executive officer seeks to turn the business around. Most Read from Bloomberg Walgreens said Thursday that in addition to the store closures, they would make more organizational changes, […]
The Dow Jones Industrial Average moved higher Monday as blue chip player Boeing (BA) gained despite reports of a potential government crackdown. Meanwhile, artificial intelligence stock Micron Technology (MU) popped amid a bullish call. And famed fund manager Cathie Wood snapped up a plunging stock while a Warren Buffett play tested an entry on the […]
A crowd lined the perimeter of Bond Street Wharf as about 150 people plunged into the Baltimore harbor on Sunday during Harbor Splash — the first public harbor swim event in decades. Hosted by Baltimore nonprofit Waterfront Partnership, the event was a celebration of decades’ worth of progress made in improving water quality in the […]
(Bloomberg) — Brazil’s rebound from a stunning collapse in oil production promises to complicate OPEC efforts to micromanage global supplies and prices. Most Read from Bloomberg Daily crude output in the South American powerhouse kicked off the year at 3.73 million barrels, then plummeted nearly 25% as roustabouts crawled all over mammoth offshore platforms to […]
Nvidia’s (NVDA) reign as the most valuable publicly traded company was brief. The semiconductor giant extended its losses, shedding $118 billion in market capitalization. The company, which recently surpassed Microsoft (MSFT) to claim the top spot, is seeing shares drop amid the market’s triple-witching Friday. Read more about Nvidia’s run here. For more expert insight […]
The past few years have brought a burgeoning interest in bidets. Long a European novelty, they’re now taking root in the States, especially after the pandemic forced us to rethink our dependence on toilet paper. If you’ve been reluctant to switch from TP to water-based cleansing, Amazon’s deals on Bio Bidet toilet seats and attachments […]
Three decades ago, the growth arc for the U.S. and global economy was changed forever by the advent of the internet. Though there have been numerous next-big-thing trends and highly touted innovations that have attempted to follow in its footsteps, none have come close to matching what the internet did for businesses — until now. […]
In less than five months, Americans from across the country will head to the polls or mail in their ballots to determine which presidential candidate will lead our great country for the next four years. In many ways, what happens on Capitol Hill and in the Oval Office has no bearing on Wall Street. But […]
The Kansas Statehouse dome is seen on May 20, 2024. (Sherman Smith/Kansas Reflector) Welcome to Kansas primary season. As of noon Monday, the filing deadline crashed down like the gate to a medieval fortress, and races across the Sunflower State began. Both Republicans and Democrats will battle among themselves to secure a place on the […]
(Bloomberg) — Turkey’s exports to Israel all but ground to a halt in May, after President Recep Tayyip Erdogan’s government stopped trade until Gaza receives enough humanitarian aid. Most Read from Bloomberg Shipments to Israel dropped 99% on an annual basis to $4.4 million, preliminary data from Turkey’s main exporters association showed on Monday. The […]
Guarantees are virtually nonexistent on Wall Street… with the exception of volatility. Short-term movements in the stock market’s major indexes are consistently unpredictable. During periods of heightened volatility (especially to the downside), it’s not uncommon for investors to seek the safety of industry-leading businesses that have historically outperformed the benchmark S&P 500. Although the FAANG […]
Shares of UiPath (NYSE: PATH) crashed after the robotic process artificial intelligence (AI) automation software company saw its CEO resign following the company’s issuance of disappointing guidance. The string of bad news has some investors re-evaluating their investment thesis for this AI stock. Let’s look at UiPath’s most recent results, its change of leadership, and […]