Chevron, the second-largest U.S. oil company, reported a significant decrease in its fourth-quarter profit compared to the previous year. The decline was attributed to impairment charges. However, despite the challenging financial results, Chevron managed to achieve a record cash return to its shareholders in 2023. The company returned a total of $26.3 billion to investors
Superdry, the British fashion retailer, experienced a surge of more than 100% in its shares on Friday, following the confirmation that its co-founder and CEO, Julian Dunkerton, is considering taking the company private. This announcement comes amidst a recent slump in sales and a decline in share prices, leading to speculation that Superdry may become
The job market may appear robust on paper, with data showing that U.S. employers added 2.7 million people to their payrolls in 2023 and unemployment hitting a 54-year low at 3.4% in January. However, active job seekers are facing a different reality. Despite the positive numbers, finding a job has become increasingly challenging for many,
Rent prices in certain areas have seen a slight decrease, but the relief is not coming fast enough for tenants who are grappling to make their monthly rent payments. According to a recent report by the Joint Center for Housing Studies of Harvard University, half of all renters in the U.S. spent more than 30%
Bristol Myers Squibb, one of the world’s largest pharmaceutical companies, reported better-than-expected earnings and revenue for the fourth quarter. The company’s portfolio of new drugs drove strong sales growth, contributing to its impressive performance. Bristol Myers Squibb exceeded Wall Street’s expectations for both earnings per share and revenue. The company reported adjusted earnings per share
Amazon, the e-commerce giant, reported fourth-quarter results that exceeded analysts’ expectations, fueling investor enthusiasm and driving the company’s stock up more than 8% in extended trading. The impressive results were accompanied by robust guidance for the current quarter, further reinforcing Amazon’s position as a dominant force in the market. This article explores the key highlights
In a significant move, House lawmakers have passed a bipartisan tax package worth $78 billion. One of the key components of this package is the expansion of the child tax credit (CTC), which is expected to benefit millions of children from low-income families. This article will delve into the details of the tax package and
In a move that caught many by surprise, billionaire investor Mark Cuban sold his majority stake in the Dallas Mavericks. The $3.5 billion deal with the family of casino mogul Miriam Adelson made headlines, and Cuban now retains a 27% stake in the basketball team while continuing to control basketball operations. During an “ask me
The rental market is experiencing a shift as rent costs start to come down from record-high asking prices. This change reflects a cooling trend rather than a drastic decline. According to Whitney Airgood-Obrycki, a senior research associate at the Joint Center for Housing Studies of Harvard University, rental markets are growing at a slower pace,
Lululemon, the renowned athletic apparel retailer, is taking a step forward in its quest for growth by venturing into the men’s footwear market. In an increasingly competitive industry, Lululemon aims to diversify its offerings and capture new avenues of expansion. This strategic move comes as the company sets ambitious goals to double its men’s business