In a turbulent stock market, Intel finds itself in the spotlight, albeit for the wrong reasons. The tech giant’s stock experienced a modest bounce of approximately 1.2% during midday trading. However, this slight upturn belies a much grimmer reality: Intel’s share price has plummeted over 60% throughout 2024, potentially marking its most disastrous year in
Finance
In recent midday trading, Boeing has faced a notable decline, losing 2% in value. This drop can be attributed to heightened scrutiny following a tragic event involving a Jeju Air flight. The aircraft was a Boeing 737-800, and the accident resulted in the loss of nearly all passengers on board, making it the gravest aviation
In the often volatile premarket landscape, several companies have sparked significant attention due to their fluctuating stock prices and the broader implications of recent news events. From aviation safety issues to notable government contracts, these premarket activities can indicate trends that might influence market behavior throughout the trading day. The week began on a somber
In the dynamic landscape of financial markets, specific sectors often capture investor attention due to emerging trends and innovations. Recently, stocks tied to quantum computing have been in the spotlight, exhibiting significant movement in premarket trading as they continued to build on a surging year-end rally. The developments within this nascent industry, coupled with trends
The recent announcement from the U.S. Treasury Department regarding the extension of the deadline for the Beneficial Ownership Information (BOI) report filing presents a significant shift in compliance expectations for small businesses. Originally scheduled for January 1, 2025, the new deadline is set for January 13, 2025, allowing millions of small enterprises additional time to
In a striking development, major banking institutions are gearing up to challenge the Federal Reserve’s annual bank stress tests through a lawsuit, which is anticipated to be filed shortly. Insiders suggest that this legal action could materialize as early as Tuesday morning. The stress tests have become a cornerstone of banking regulations, compelling financial institutions
In a significant shift for the retail giant, Nordstrom has announced it is going private, causing shares to dip by approximately 1.5%. The decision comes amid a $6.25 billion buyout agreement with the founding Nordstrom family alongside Mexican retailer El Puerto de Liverpool. This move is expected to simplify operations and allow for strategic changes
The U.S. labor market has seen a significant evolution over the past few years, transitioning from an era defined by high employee turnover to one marked by stable retention rates. This shift stems from the “great resignation” phenomenon that was especially notable in 2021 and 2022, which has since given way to what analysts are
In 2024, the Federal Reserve made a strategic decision to lower its interest rate target three times. This aggressive monetary policy shift has captured the attention of many American homeowners and potential buyers, who are eagerly anticipating a decline in mortgage rates. However, experts caution that significant reductions in mortgage rates may not materialize in
In the volatile world of financial technology, few stories resonate as profoundly as that of Jason Wilk, the CEO of Dave. In June 2023, the fintech landscape was rife with uncertainty, and Wilk found himself in the midst of one of the most challenging periods of his career. His company, previously valued at $5 billion,