Yahoo Finance Live’s Brian Cheung discusses the stock dip for Joann Fabric.
BRIAN CHEUNG: Well, before we go on-- before we go to break, sorry, I want to highlight another company on the move today. And this one is for all of the yarn lovers out there. Joann Fabric, shares of that company down 20%.
This after the company reported that it had actually lost money in the last quarter. It cited a difficult operating environment, specifically on ocean freight costs. The company says normal premiums are between 10% to 15%, but said congested ports and supply chain issues are leading to contract rates 200% to 300% higher.
Perhaps one reason why some of our producers who shop at Joann cannot find the yarn that they're looking for. I'm giving a shout out to our producer, Yvonne, who was having trouble on that front, although, apparently, some of our producers are on team Michaels, so we'll try to sort that out in future shows.
Last week Mercedes laid out its future path, one that pushed the brand even further into the “top end” as they are calling it, focusing on the higher-end models that the automaker is known for - think AMG, Maybach, and the ubiquitous S-class. Part of the top-end, luxury push is with electric vehicles (EVs). And nowhere is that more obvious than its range-topping, all-electric sedan (and actually the brand’s first EV), the EQS.
Glassdoor Senior Economist Daniel Zhao joins Yahoo Finance Live to discuss Tesla's hiring freeze, tech sector concerns, and the outlook for in-person interviews.
The president responded to a question about Musk's pessimistic outlook on the economy by immediately touting Ford's electric vehicle program.
Yahoo Finance crypto reporter David Hollerith discusses a new report on how many investors exited Terra during the platform's collapse.
U.S. private payrolls increased far less than expected in May, which would suggest demand for labor was starting to slow amid higher interest rates and tightening financial conditions, though job openings remain extremely high. Private payrolls rose by 128,000 jobs last month, the ADP National Employment Report showed on Thursday. The ADP report is jointly developed with Moody's Analytics and was published ahead of the Labor Department's more comprehensive and closely watched employment report for May on Friday.
Elon Musk needs to cut one in ten jobs at Tesla. The Tesla chief executive’s intentions, conveyed in an internal email seen by Reuters, are rooted in what he described as his “super bad feeling” about the U.S. economy. Some of the nearly 100,000 people employed at the electric carmaker may already be considering their options after Musk issued them with a return-to-office ultimatum this week.
C3 AI CEO and Chairman Thomas M. Siebel joins Yahoo Finance Live to discuss company earnings, partnerships with brands like UPS, and the outlook for artificial intelligence.
Air Canada has managed to handle whatever it can control very well, but whether the broader industry headwinds make it a good buy today remains to be seen. The post Is Air Canada (TSX:AC) Stock Ready to Soar? appeared first on The Motley Fool Canada.
MONTREAL — The new chief executive of Canadian National Railway Co. did not apologize on behalf of her company for the absence of francophones on its board of directors. Tracy Robinson told a parliamentary committee on Wednesday that she is committed to appointing a French-speaking director from Quebec very soon. Speaking partly in French, a language she has been learning since joining the railway three months ago, Robinson told the standing committee on official languages that the Montreal-base
Investors will be crossing their fingers for a calmer inflation print from the United States, possibly allowing the Federal Reserve to go slower with its interest rate rises. They are less concerned about Chinese inflation, focusing instead on what upcoming trade figures say about the economy. Few pieces of U.S. economic data carry as much weight these days as consumer prices -- so much so that Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen both visited the White House in recent days to discuss the inflation issue.
NEW YORK (Reuters) -The U.S. dollar fell across the board on Thursday, ceding ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies. Stock markets around the world rose on Thursday after recent weakness, as bets Saudi Arabia may boost crude production cooled oil prices, helping balance concerns over surging inflation and monetary policy tightening. "There are a few factors working against the greenback today, but it's mostly risk-on sentiment," said John Doyle, vice president of dealing and trading at Monex USA.
Coinbase Global Inc will extend its hiring freeze for the foreseeable future and rescind a number of accepted offers in order to deal with current macroeconomic conditions, the company said in a blog post on Thursday. Coinbase earlier froze hiring for two weeks as fears of rising interest rates rocked the cryptocurrency market. "We always knew crypto would be volatile, but that volatility alongside larger economic factors may test the company, and us personally, in new ways," said L.J. Brock, Coinbase's chief people officer, in the blog post.
Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal Reserve and other research. A New York Fed symposium this week laid out the puzzle central bankers face in dealing with emerging digital technologies that range from new ways to process payments to new asset categories like cryptocurrencies and stablecoins. Ignore it, in other words, and systems developed by upstart private companies could capture larger shares of finance and make "central bank cash" less relevant - diminishing central bank control over interest rates.
Diagnostic companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments ramp up efforts to trace the world's first major outbreak of the viral infection outside of Africa. The scramble started last month, much like early 2020 when companies rushed to make kits to help diagnose COVID-19, creating a multibillion-dollar boon for test makers. But demand for monkeypox tests will be a fraction of what it was for COVID, given monkeypox is not as transmissible nor as dangerous as COVID - it typically spreads through close contact and can cause flu-like symptoms and pus-filled skin lesions that usually resolve on their own within weeks.
VANCOUVER — The Real Estate Board of Greater Vancouver says home sales across the region have returned to "more typical seasonal levels" and that there are modest signs continuous price increases might ease. A statement from the board reports 2,918 sales across Metro Vancouver in May, nearly 32 per cent below those recorded in May 2021 and 9.7 per cent below the number of residential properties that changed hands last month. Board chair Daniel John says May 2022 sales were also 12.9 per cent bel
Congressional Democrats are accusing Amazon of “obstructing” their investigation into the company’s labor practices during severe weather events. Members of the House Committee on Oversight and Reform have sent a letter to Amazon CEO Andy Jassy, saying the company has failed to produce materials requested more than two months ago. The committee, which launched the investigation in late March, gave the Seattle-based e-commerce company a list of materials to hand over by mid-April. But the company
In May, McDonald's Corp sold the restaurants to Govor, one of its licensees in Russia, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country. "We have a challenging and ambitious plan - to reopen all of the chain's restaurants in two months," Govor, who initially owned 25 McDonald's restaurants in Siberia as a franchisee, said in the interview with the Forbes Russia magazine. McDonald's temporarily closed its restaurants in Russia in March after Russia sent troops to Ukraine.
In May, McDonald's Corp sold the restaurants to Govor, one of its licensees in Russia, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country. "We have a challenging and ambitious plan - to reopen all of the chain's restaurants in two months," Govor, who initially owned 25 McDonald's restaurants in Siberia as a franchisee, said in the interview with the Forbes Russia magazine. McDonald's temporarily closed its restaurants in Russia in March after Russia sent troops to Ukraine.
The Commission des droits de la personne et des droits de la jeunesse launched this morning the call for nominations for the 2022 edition of the Prix Droits et Libertés. Under the slogan "Our Planet, Our Rights", this edition focuses on the right to the environment, environmental justice and the fight against climate change. The submission of applications, which begins today in time for World Environment Day, is open until Friday, July 15, and can be found online at: www.cdpdj.qc.ca/pdl.
If you understand how a merger might impact the stock of the resulting entity, you can make an informed decision about buying and selling a stock before it. The post 2 Telecom Stocks to Track While the Merger Is on Pause appeared first on The Motley Fool Canada.