Investments and Business

August 26, 2024

Key stock market movements in after-hours trading: highlights from Cava, Uber, Ross Stores, Workday and more

Kyle C. Garrison

Explore noteworthy changes in the stock market after the close of trading: Cava Group — The fast-casual restaurant chain saw its stock price rise nearly 6% after hours as its…

Investments and Business

August 25, 2024

Bronfman’s proposal could keep Shari Redstone’s role at Paramount.

Kyle C. Garrison

Edgar Bronfman Jr. has made a major offer to acquire a major stake in Global Paramount, potentially ensuring that Shari Redstone remains a key figure within the organization. A source…

Investments and Business

August 25, 2024

Ford invests $1.9 billion in affordable electric vehicles: a smart move for future growth

Kyle C. Garrison

At a Ford dealership in Glendale, California, the Mustang Mach-E takes center stage as part of Ford’s significant strategic shift. From Detroit, the narrative is changing for Ford Motor Company.…

Investments and Business

August 25, 2024

Exploring the effect of recent economic developments on Federal Reserve strategies

Kyle C. Garrison

On a crucial Friday, Federal Reserve Chairman Jerome Powell laid out the groundwork for upcoming interest rate cuts, but gave no details on the expected timing or scope of those…

Investments and Business

August 24, 2024

Delta announces Mike Spanos’ departure as he seeks new opportunity after short tenure

Kyle C. Garrison

Delta Airlines has announced that Chief Operating Officer Mike Spanos will leave the airline at the end of this month, as detailed in a recent securities filing. CEO Ed Bastian…

Investments and Business

August 24, 2024

Speculation grows about a possible half-point rate cut by the Fed in September

Kyle C. Garrison

In recent weeks, financial markets have been abuzz with speculation about the Federal Reserve's next move. One particularly intriguing possibility is emerging: a significant half-point rate cut in September. This…

Investments and Business

August 23, 2024

Anticipating Powell’s speech at Jackson Hole: policy changes on the horizon

Kyle C. Garrison

Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following…

Investments and Business

August 23, 2024

Second-hand home sales rebound in July after five months of declines

Kyle C. Garrison

Previously owned home sales rose in July for the first time in five months, up 1.3% from June to a seasonally adjusted annual rate of 3.95 million units, the National…

Investments and Business

August 22, 2024

GMC aims to lead the electric truck market with new Sierra EV

Kyle C. Garrison

In Milford, Michigan, General Motors’ flagship brand GMC is positioning itself as a leader in the all-electric truck segment in the United States. That effort begins with the introduction of…

Investments and Business