Treasury Secretary Janet Yellen on Monday repeated June 1 as the date when the U.S. may be unable to pay its bills in the absence of a debt-ceiling increase. “I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government’s obligations if Congress …
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Dow industrials and the S&P 500 had modest gains heading into the final hour of Monday’s trading, after struggling for direction over much of the trading day. The Dow Jones Industrial Average was up just 17 points, while the S&P 500 advanced only 8 points or almost 0.2% despite getting a lift from financial shares. …
Columbia Care Inc.’s stock CCHWF, +16.42% is up nearly 10% after the cannabis company’s first-quarter revenue beat analyst forecasts on Monday. Columbia Care said its first-quarter loss widened to $37.34 million, or 9 cents a share, from a loss of $26.64 million, or 7 cents a share, in the year-ago quarter. Analysts were expecting a …
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Lennox International Inc. LII, -1.42% said Monday it will raise its quarterly dividend by 3.8%, to $1.10 a share from $1.06 a share. The new dividend will be payable July 14 to shareholders of record on June 30. The heating, air conditioning and refrigeration company’s stock fell 1.5% in midday trading. At current prices, the …
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People queuing outside Shake Shack in London. Latest Covid-19 lockdown slams UK business owners. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Shake Shack — The fast food chain’s stock jumped more than 6% after the Wall Street Journal reported that activist investor Engaged Capital is planning …
Editor’s note: “Capitalize on the Emerging Age of AI for Hefty Profits” was previously published in March 2023. It has since been updated to include the most relevant information available. Crisis creates opportunity. And big crises create big opportunities. For example, did you know that the Internet Economy – which created the world’s first trillion-dollar …
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Source: gg5795 / Shutterstock.com Sorry to say it, but it’s time for the perma-bulls to give up on electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID). The company’s subpar financials and disappointing delivery data certainly don’t bode well for LCID stock. Besides, it’s problematic that Lucid Group is selling ultra-expensive vehicles while Tesla (NASDAQ:TSLA) is using the smarter …
Continue reading “Sell LCID Stock? Laying Out the Bear Case for Lucid Group.”
A real estate investment trust (REIT) is a company that owns, operates or finances real estate that generates income through mortgages, leases, rents and interest payments. Following a structure similar to mutual funds, REITs pool the capital of many different investors. This makes it possible for investors to earn dividends from REITs without having to …
House Speaker Kevin McCarthy on Monday said he’s still “far apart” from President Joe Biden on reaching a deal to raise the U.S. debt ceiling. Reports have said Biden, McCarthy and other leaders are set to meet Tuesday on the debt ceiling and budget, and on Sunday, Biden said “I think [negotiations] are moving along, …
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