This week in the stock market was marked by a tug-of-war between optimism about rate cuts and caution sparked by strong economic data and political risk. Major indexes briefly flirted with new highs, but volatility crept back in as investors weighed mixed signals. Rally Fueled by AI Pushes Markets to Records Early in the week, Read More…
(The Center Square) – Texas led the U.S. in job growth over the year in August and broke employment records again last month, according to the latest employment data. Texas reported 14,347,700 total nonfarm jobs in August, adding 17,600 positions over the month and 195,600 jobs over the year. Texas’ annual nonfarm growth rate was Read More…
U.S. stocks surged this week, with all three major indexes closing at record highs after the Federal Reserve delivered its first interest rate cut of the year, fueling hopes that more easing is on the horizon. The Dow Jones Industrial Average pushed further into record territory, while the S&P 500 and Nasdaq Composite also notched Read More…
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” celebrated his 95th birthday Tuesday in typically understated fashion, surrounded by close family and friends in his hometown. Buffett, chairman and chief executive of Berkshire Hathaway, has long avoided lavish celebrations. Instead, those close to him said the billionaire spent the day with a Read More…
Billionaire hedge fund manager Bill Ackman, known for his outsized bets and outspoken commentary, has been a lightning rod in 2025, navigating a turbulent market landscape while wielding influence in both finance and politics. His Pershing Square Capital Management’s portfolio is down nearly 14% year-to-date, a rare stumble for the activist investor, yet his high-profile Read More…
The U.S. stock market endured another turbulent week, with major indexes grappling with persistent volatility driven by ongoing trade policy uncertainties, particularly surrounding President Donald Trump’s tariff announcements. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posted losses, reflecting investor concerns over the economic fallout from escalating global trade tensions. The week Read More…
The U.S. Federal Trade Commission has taken a preliminary step toward potentially reversing boardroom restrictions imposed on Chevron and Exxon Mobil as part of their recent major acquisitions, signaling a shift from policies enacted under the Biden administration. The restrictions, which were key conditions for approving the oil giants’ multi-billion-dollar mergers, barred specific executives from Read More…
In a dramatic move to get ahead of looming U.S. tariffs, Apple has airlifted approximately 600 tons of iPhones—equivalent to around 1.5 million devices—from India to the United States, according to a report by Reuters. The unprecedented shipment is part of the tech giant’s effort to stabilize supply and avoid potential price hikes that could Read More…
The Center Square) – The U.S. added 228,000 jobs in March, the U.S. Department of Labor reported Friday, nearly double what was forecast. Employment gains occurred in the health care, transportation, warehousing and retail trade industries, according to the Labor department. The overall gains come despite significant layoffs in the federal government under the Trump Read More…
Nissan Motor Co. is considering shifting a portion of its Japan-based production for U.S.-bound vehicles to the United States, amid escalating global trade tensions fueled by President Donald Trump’s renewed tariff policies, according to a report by the Nikkei on Saturday. The move is aimed at avoiding the financial impact of Trump’s aggressive trade agenda, Read More…
(The Center Square) – Live Nation Entertainment, the events giant that operates Ticketmaster, is fighting to hold on to practices that states and the federal government allege are anti-competitive and hurt both fans and musicians. The company recently lost its bid to dismiss a lawsuit filed by the U.S. Department of Justice and a coalition Read More…
OpenAI, the groundbreaking artificial intelligence company, must complete its transition into a for-profit entity by the end of 2025 in order to secure the full $40 billion in funding it is currently raising, according to a person familiar with the matter. The funding round is being led by global technology giant SoftBank. This pivotal transition Read More…
Wells Fargo has officially abandoned its commitment to achieving net-zero emissions by 2050, prompting Montana Attorney General Austin Knudsen to close his investigation into the bank’s Environmental, Social, and Governance (ESG) policies. The move follows a broader controversy over whether financial institutions should consider climate-related targets in their lending practices. The investigation, launched in October Read More…
In a groundbreaking move that fuses artificial intelligence with social media, Elon Musk’s xAI has acquired X, the platform formerly known as Twitter, in an all-stock deal valued at $33 billion. Announced by Musk on X late Friday, the acquisition raises xAI’s valuation to an impressive $80 billion, creating a combined entity that aims to Read More…
Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today released its financial results for the fiscal fourth quarter and full year ended January 31, 2025. For the fourth quarter of fiscal 2025, Titan Machinery posted revenue of $759.9 million, down from $852.1 million in the same period last Read More…
Micron Technology, Inc. (Nasdaq: MU) announced its second-quarter fiscal 2025 earnings today, reporting $8.05 billion in revenue and record-breaking data center DRAM sales, fueled by robust demand for artificial intelligence (AI) applications. Key Financial Highlights Revenue: $8.05 billion (down from $8.71 billion in Q1 but up from $5.82 billion year-over-year) GAAP Net Income: $1.58 billion Read More…
Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, is gearing up for its annual shareholder meeting scheduled for Saturday, May 3, 2025, in Omaha, Nebraska. Known as the “Woodstock for Capitalists,” this event draws tens of thousands of investors from around the globe to hear directly from Buffett and his team, while also Read More…
Daktronics, Inc. (NASDAQ: DAKT), a leading designer and manufacturer of dynamic video communication displays, has announced a major leadership transition alongside its fiscal third-quarter results for 2025. Reece Kurtenbach, who has served as Chairman, President, and CEO, will step down from his roles, transitioning into an advisory position to support the company’s digital transformation efforts. Read More…
The Pennant Group, Inc. (NASDAQ: PNTG), a leading provider of home health, hospice, and senior living services, announced its participation in the 2025 Oppenheimer Annual Healthcare MedTech & Services Conference. The event is scheduled to take place on March 18, 2025. Pennant’s leadership team, including Chief Executive Officer Brent Guerisoli, Chief Financial Officer Lynette Walbom, Read More…
Boeing has announced that its annual bonus structure for over 100,000 employees will be tied to the company’s overall performance in 2025, marking a shift from the previous practice of awarding bonuses based on individual business unit results. According to the 2025 proxy statement filed with the U.S. Securities and Exchange Commission on Friday, 80% Read More…
The Federal Reserve is preparing for its March 18-19 policy meeting amid a strong overall labor market, though signs of potential weakening are emerging. This could place the U.S. central bank in a challenging position if inflation remains elevated and tariffs from the Trump administration continue to put upward pressure on prices. In February, U.S. Read More…
In a cautious assessment of its business in China, Nvidia executives warned during the company’s quarterly earnings call Wednesday that the ongoing U.S.-China trade conflict is hurting its revenue, with tariffs and export controls adding significant uncertainty to its outlook. CEO Jensen Huang highlighted that Nvidia’s sales in China have been slashed by half since Read More…
Michael Saylor, the executive chairman of the newly renamed Strategy, stirred up a social media storm this week with an eyebrow-raising suggestion to his 4 million followers on X (formerly Twitter). In a post on Thursday, Saylor told his audience to “sell a kidney if you must, but keep the Bitcoin,” as the cryptocurrency faced Read More…
Berkshire Hathaway Inc. (NYSE: BRK.A) posted record annual profits and expanded its cash reserves to $334.2 billion, as Warren Buffett used his annual shareholder letter to issue a pointed message to Washington: spend wisely and protect those who draw the “short straws in life.” The 94-year-old investing titan, widely regarded as one of the greatest Read More…
Activist investor Elliott Investment Management has acquired a significant stake in BP Plc, as the British oil giant struggles with years of underperformance and weak investor confidence, according to sources familiar with the matter. Elliott is reportedly pressuring BP to consider transformative measures to boost shareholder value, believing the company is undervalued and its performance Read More…
Toyota is recalling more than 140,000 Toyota and Lexus vehicles due to potential safety issues, the company announced Thursday. The recall affects certain Tacoma, Camry, and Lexus RX models from the 2024 and 2025 model years. The Toyota Tacoma recall involves four-wheel-drive models, which may have damaged rear brake hoses due to the accumulation of Read More…
Frontier Asset Management, an independent asset management firm, has officially launched its suite of actively managed exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). These ETFs are designed to enhance Frontier’s multi-asset Active ETF Strategies, with the goal of providing attractive risk-adjusted returns for investors. The Frontier ETF suite consists of six actively Read More…
(The Center Square) – A federal judge has blocked the $24.6 billion proposed merger between Albertsons and Kroger in response to a lawsuit filed against it by the Federal Trade Commission and several states. In the ruling, Oregon-based U.S. District Judge Adrienne Nelson argued that the merger “is a plausible, relevant market for antitrust purposes,” Read More…
Steve D. Scheel, the board chairman emeritus of SCHEELS, has been named the 50th recipient of North Dakota’s Theodore Roosevelt Rough Rider Award, the state’s highest honor for its citizens. Gov. Doug Burgum presented the award today, celebrating Scheel’s achievements in building SCHEELS into a leading retail brand known for its exceptional customer service, leadership, Read More…
(The Center Square) – Nearly 40% of all Americans plan to shop on Black Friday, to kick off the holiday shopping season. Holiday sales are already expected to once again break records this year, with the National Retail Federation expecting a total holiday spending of between $979.5 billion to $989 billion in November and December, compared Read More…
Idaho-based 7k Metals is set to make waves in the numismatic world with the launch of one of its largest and most innovative coins: the 1-kilo Grand Canyon silver coin. This impressive collector’s piece, part of the company’s Topography collection, will debut on Black Friday, November 29, 2024, with a limited minting of just 77 Read More…
Legendary investor Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), continues to captivate the financial world with his investment moves. As of November 14, Berkshire’s Class A shares have delivered a staggering cumulative return exceeding 5,660,000% under Buffett’s nearly six decades of leadership. Recent filings with the Securities and Exchange Commission (SEC) reveal Read More…
Goldman Sachs is considering spinning out its technology platform under the bank’s digital assets business, the company announced on Monday. The spin-out is still in its early planning stages, with the firm aiming to establish the new entity within the next 12 to 18 months. The platform, known as GS DAP, focuses on digital assets Read More…
The Wyoming Business Council (WBC) is proud to announce the launch of a new Job Board through Wyoming Venture Capital (WYVC), aimed at enhancing support for its portfolio companies and partners. This initiative addresses the ongoing challenges of recruiting qualified talent in Wyoming while providing job seekers with a streamlined resource to explore employment opportunities Read More…
After closing over 100 locations and filing for Chapter 11 bankruptcy protection in May, Red Lobster has announced the appointment of Damola Adamolekun as its new CEO. The seafood restaurant chain, which has been a staple for 56 years, has faced significant challenges, including a leadership shake-up with five CEOs since 2021. Adamolekun, 35, expressed Read More…
Boeing announced Monday that it had made a “best and final offer” to its striking machinists, including bigger pay raises and larger bonuses. However, the workers’ union quickly rejected the proposal, stating it wasn’t sufficient, and no ratification vote would occur before Boeing’s deadline at the end of the week. The union criticized Boeing for Read More…
(The Center Square) – A coalition of small businesses are calling on Congress to make the 20% small business tax deduction permanent. Small business leaders visited Washington, D.C. this week to call on lawmakers to pass the Main Street Tax Certainty Act, a bill that would prevent the expiration of a small business tax credit Read More…
This week promises to be pivotal for the tech industry, with major companies set to release their earnings reports amidst a climate of heightened scrutiny and market volatility. Raymond James analysts have highlighted Apple as a “more stable AI play for volatile times,” positioning it as a key player in the ongoing debate over the Read More…
J. Michael Cline, the founder of Fandango, tragically passed away after a fatal fall from a luxury hotel in New York City on Tuesday morning, authorities have confirmed. Cline, aged 64 and a resident of Palm Beach, Florida, was discovered “unconscious and unresponsive” at the Kimberly Hotel located at 145 East 50th St. in Manhattan. Read More…
The economy is set to be a pivotal issue in the 2024 presidential election, highlighting the stark differences between President Joe Biden and former President Donald Trump. Consider the American economy as a bag filled with a variety of policies and economic indicators, with inflation being a prominent one. Although inflation has retreated from its Read More…
Benjamin Franklin’s timeless assertion from 1789 about the certainties of life—death and taxes—might require a modern update if he were alive today. In our contemporary landscape, alongside these age-old certainties, we witness another phenomenon: the ever-escalating compensation of chief executive officers (CEOs). According to a recent study by Equilar, median pay for America’s top CEOs Read More…
(The Center Square) – A judge sentenced FTX founder Samuel Bankman-Fried to 25 years in prison on Thursday, marking the long fall of the onetime cryptocurrency star. U.S. District Judge Lewis Kaplan also sentenced Samuel Bankman-Fried, known as SBF, to three years of supervised release, and ordered him to pay $11 billion for orchestrating a massive fraud. Bankman-Fried, Read More…
(The Center Square) – The U.S. Department of Justice sued smartphone maker Apple on Thursday alleging the company maintained an illegal monopoly over the U.S. market. The complaint, filed in the U.S. District Court for the District of New Jersey, alleges that Apple illegally keeps a monopoly over smartphones by selectively imposing contractual restrictions on Read More…
(The Center Square) – The National Association of REALTORS announced Friday an agreement where it will end the 6% commission that is routine in home sales. In the settlement with homeowners, the association will pay $418 million in damages and end litigation on the matter. Experts say that Americans pay $100 billion a year in Read More…