Business
Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
For investors seeking ways to play this year’s stock market comeback, looking at cheap, volatile names might lead to big gains. Stocks are off to a stronger start than many investors expected heading into 2023. Not only is the S & P 500 more than 6% higher this year, the Nasdaq Composite has gained more […]
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Delta raises employee pay 5%, second increase in a year
Nurphoto | Nurphoto | Getty Images Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier’s profits and the U.S. labor market remains tight. Delta raised employee pay 4% in May, the first increases since before […]
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Biden to revisit ‘billionaire minimum tax’ in State of the Union address
President Joe Biden delivers the State of the Union address on March 1, 2022. Win Mcnamee | Getty Images President Joe Biden will again call for a “billionaire minimum tax” during his State of the Union address on Tuesday. While details haven’t been released, Biden previously proposed a billionaire minimum tax in his 2023 federal […]
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Biden Labor Secretary Marty Walsh to become head of NHL players union
Labor Secretary Marty Walsh listens as U.S. President Joe Biden speaks during an event in the Rose Garden of the White House September 15, 2022 in Washington, DC. Anna Moneymaker | Getty Images Labor Secretary Marty Walsh will leave his post in the Biden administration to become head of the NHL players’ union, sources confirmed […]
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Auto insurance is up by more than 15% this year in some states. Here’s how to keep your premium down
Miniseries | E+ | Getty Images As with many line items in your household budget, your auto insurance probably costs more this year than in 2022. How much more? related investing news It depends on a variety of factors, including where you live. Nationally, the average for full coverage — generally defined as liability, collision […]
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Used vehicle prices swing higher amid unseasonably strong demand in January
A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest increase in wholesale values since late 2021, according to new data Tuesday from Cox Automotive. The automotive data firm’s Manheim Used Vehicle Value Index […]
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Plant-based salmon startup capitalizes on rising interest in fake seafood
While the plant-based burger wars have been waging for several years now, plant-based fish is just in its infancy. But that is about to change, as new contestants enter the mix with various types of faux fish offerings, and investors rush in to fund them. In the U.S. alone, investment in plant-based, fermented or cell-based […]
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What will TV look like in three years? These industry insiders share their predictions
Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a transitioning industry are unclear. CNBC […]
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Goldman Sachs downgrades Tyson Foods, says poultry stock’s trajectory is uncertain after latest earnings
Goldman Sachs’ enthusiasm on Tyson Foods has cooled. Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson’s latest quarterly report showed significant underperformance across the company — particularly its chicken segment. The company reported earnings per share of 85 cents for its first fiscal quarter, falling far below a StreetAccount consensus estimate […]
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Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy
A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least for now. The beleaguered home goods retailer is expecting to receive more than $1 billion in […]
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