News Muncher - category factset

Here’s the latest sign the job market is cooling

CNN

CNN — The “Great Stay” deepened in November as the number of people who quit their jobs that month dropped to under 3.1 million, a level not seen since the height of the pandemic. The latest Job Openings and Labor Turnover Survey report, which was released Tuesday, also showed that hiring activity remained at a decade low, a further indication …

Labor Job Market Gould Factset Job Openings

1 week, 2 days ago

Stocks just did something they haven’t done in nearly three decades

CNN

New York CNN — US markets wrapped up a blockbuster 2024 by marking an achievement so rare that it’s only ever happened a handful of times. Despite US stocks closing lower Tuesday in a disappointing December that saw the Dow drop over 2,000 points, or about 5%, and the S&P 500 slide 2.5%, this was a stellar year for stocks. …

Growth Stocks Market Tech Trump Economic Growth Index

1 month, 1 week ago

Invest in banking like Warren Buffett: Own a ‘castle’

Live Mint

Warren Buffett has said he looks for businesses that are like castles, protected by moats. Fair Isaac doesn’t supply credit data itself, but by employing data from credit bureaus or its clients, it produces scoring and analysis that its clients use to make underwriting and other decisions about customers. Fair Isaac’s shares have been among the top performers in the …

Information Mortgage Score Fair Invest Fico Isaac

4 months, 2 weeks ago

A tale of two retailers: Target reverses sales slump while Macy’s reports another quarterly decline

Associated Press

NEW YORK — Grocery aisle deals and an emphasis on affordable but stylish clothes helped Target reverse a year-long sales slump, while Macy’s on Wednesday reported another quarterly decline and said sales for the fiscal year will be weaker than expected due to a “more discriminating consumer” outlook. Macy’s posted a profit of $150 million, or 53 cents per share, …

Company Share Billion Quarter Target Stores Macy

7 months, 1 week ago

Best Buy and Kohl’s extends streak of quarterly sales slumps as Americans focus on the essentials

Associated Press

NEW YORK — The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment. Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans pull back on gadget spending to prioritize essential purchases and pay more for things like rent. Best Buy …

Focus Sales Company Share Billion Best Buy

11 months ago

Weight loss, diabetes drugs propel Eli Lilly to better-than-expected forecast for 2024

The Independent

Sign up to our free Living Well email for advice on living a happier, healthier and longer life Live your life healthier and happier with our free weekly Living Well newsletter Live your life healthier and happier with our free weekly Living Well newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

Share Billion Drug Living Well Mounjaro Lilly Factset

11 months, 1 week ago

US Fed key meet: All eyes on Jerome Powell's comments amid 2024 rate cut expectations

Hindustan Times

The US Federal Reserve, which has spent nearly two years raising interest rates to combat inflation, will announce its monetary policy decision on Wednesday, January 31. However, the Fed's decision on rate increase will be announced by the Chair of Federal Reserve, Jerome Powell, in a press conference today at 2.30 pm ET. While the Federal Reserve forecasts three rate …

Inflation Prices Interest Rates Interest Gold Prices 2024 Federal

1 year, 8 months ago

Big Oil Has $150 Billion in Cash and Investors Want a Share

Live Mint

Oil-and-gas companies have built up a mountain of cash with few precedents in recent history. View Full Image FactSet/WSJ Six companies often described as Big Oil—Italy’s Eni, France’s TotalEnergies, the U.K.’s Shell and BP, and domestically headquartered Chevron and Exxon Mobil—reported nearly $160 billion in cash and cash equivalents across their balance sheets at the end of the first quarter. …

Oil Companies Share Billion Quarter Exxon Mobil Cash

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