Business
Kraft Heinz issues soft profit guidance after price increases boost revenue
Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27. Gabby Jones | Bloomberg | Getty Images Kraft Heinz on Wednesday beat Wall Street’s earnings and sales expectations, but offered soft profit guidance for the […]
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Regional sports network owner Diamond Sports prepares for possible bankruptcy
The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field on May 17, 2022 in Cleveland, Ohio. George Kubas | Diamond Images | Getty Images Diamond Sports Group, the owner of the largest portfolio of regional sports networks, is preparing […]
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LeBron James’ business partner Rich Paul unveils new sportswear brand with New Balance
Klutch Athletics will support and serve athletes throughout their athletic journey including youth, collegiate and professional sports Courtesy: Clutch Athletics Rich Paul, the sports agent who represents LeBron James, is launching a new sportswear brand with New Balance. The new brand will be called Klutch Athletics, and the company says its mission is to provide […]
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How to pay 0% capital gains taxes with a six-figure income in 2023
vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustments for 2023, including the long-term capital gains brackets, applying to investments held for more than one year. This means you can have […]
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Mortgage demand drops as interest rates bounce higher
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering a decline in mortgage demand. Total mortgage application volume fell 7.7% last week, compared with the previous week, according to the […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on February 14, 2023 in New York City. Spencer Platt | Getty Images Here are the most important news items that investors need to start their trading day: 1. Got to get over the hump We’ve hit the midpoint of a murky week […]
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This little-known digital infrastructure stock can surge more than 25%, Deutsche Bank says
There’s a big buying opportunity in DigitalBridge , an under-the-radar digital infrastructure company, according to Deutsche Bank. Analyst Matthew Niknam initiated the stock with a buy rating and a price target of $18 per share, implying upside of 26.3% from Tuesday’s close. Niknam said the company’s high-growth model and sector resilience make it a promising […]
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Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
Chipotle Mexican Grill is launching a new spinoff, called Farmesa Fresh Eatery, in a California ghost kitchen. It’s the latest attempt by the burrito chain to branch out into new cuisines. Its past spinoffs — Asian ShopHouse and Tasty Made — occurred under founder Steve Ells’ leadership and were shut down by 2017. The company […]
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Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
American Eagle Outfitters could be in trouble going forward, according to Jefferies. Analyst Randal J. Konik downgraded the retailer to hold from buy. The analyst sees the stock underperforming in a likely recession and resulting slowdown in consumer spending. He also lowered his price target to $16 from $18. The new target is just below […]
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Tesla commits to open 7,500 chargers in the U.S. to other electric vehicles by end of 2024
The Biden administration wants to see at least 500,000 electric vehicle chargers on US roads by 2030, and announced a slate of initiatives on Wednesday to help make that a reality, including commitments from companies that build and operate charging networks like Tesla, GM, Ford, ChargePoint and others. All of the companies stand to reap […]
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