Should investors adjust their portfolios in a presidential election year?
Steve Chiavarone, senior portfolio manager at Hermès Union, evaluates retail earnings, the outlook for a 2024 Fed rate cut, and the January durable goods report. Uncertainty leading up to the situation presidential election Investors are often spooked, with some worrying about the expected rematch between President Biden and former President Trump this fall. Financial services […]
Companies Increasingly Turning To Cheap Foreign Labor As Rising Costs Take Their Toll
Business owners are increasingly utilizing foreign-born migrant labor to meet their working needs as sky-high inflation pushes up the costs of business, according to The Wall Street Journal. The U.S. had a net gain of 3.3 million migrants in 2023, far higher than the average of around 900,000 throughout the 2010s, according to the WSJ. […]
Trader Joe’s Issues Recall Of Chicken-Soup Dumplings
Trader Joe’s issued a recall Saturday of a customer-favorite, steamed chicken soup dumplings, which may contain plastic. The grocery chain of 568 stores nationwide urged customers to check their purchases to see if they are included in the recall of 61,000 pounds of product, according to the Associated Press (AP). Trader Joe’s chicken soup dumplings […]
Nation’s Largest Pharmacy Chains To Begin Selling Abortion Pills
Two major pharmacy chains are preparing to place abortion pills on their shelves in select states, according to The New York Times. The Food and Drug Administration (FDA) announced in January 2023 that pharmacies would be able to start dispensing the abortion pill mifepristone to patients. Officials from Walgreens and CVS Pharmacy said Friday that […]
Tesla raises prices of some Model Y vehicles in US
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss Ford’s decision to offer free Tesla Superchargers to EV owners through July. Elon Musk’s Tesla On Friday, the company increased the price of some Model Y vehicles sold in the U.S. market by $1,000, according to its website. The electric car maker has raised […]
GM recalling 820,000 pickup trucks over tailgate issue
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss Ford’s decision to offer free Tesla Superchargers to EV owners through July. general motors is recalling approximately 820,000 pickup trucks in North America due to tailgate latches that could dislodge and open unexpectedly. The recall applies to specific model years from 2020 to 2024. […]
Lawyers who voided Elon Musk’s ‘excessive’ Tesla pay package want $6 billion fee
Kevin O’Leary, chairman of OLeary Ventures, reacts to Elon Musk being forced to testify in the SEC investigation into his Twitter acquisition on The Big Money Show. invalidated lawyer Elon Musk’s $56 billion The company claims that Tesla’s compensation is excessive and is seeking $6 billion in legal costs, a record amount for its stock. […]
Trader Joe’s recalls chicken dumplings over bits of plastic
Former Walmart executive Marc Lore talks about food delivery startup Wonder’s growth and plans to expand into brick-and-mortar stores. One of Trader Joe’s fan-favorite products has been recalled after it may have been contaminated with the hard plastic of a permanent marker. More than 61,839 pounds of Trader Joe’s steamed chicken xiao long bao were […]
Boeing, Alaska Airlines face $1B lawsuit from 3 passengers on MAX 9 flight that depressurized
Jeff Sica, founder of Circle Squared Alternative Investments, discusses whether Boeing stock is a buy for Barney & Company. The three passengers on board Alaska Airlines Flight 1282 Door plug flew off during flight In January, the company that developed the Boeing 737 MAX 9 jet filed a $1 billion lawsuit against airlines and Boeing. […]
Could more price hikes be coming to Netflix this year? Analysts think so
Mark Mahaney, senior managing director at Evercore ISI, discusses Netflix’s market performance and why Google is dangerous. Netflix binge-watching prices could soon become even more expensive. That could happen if the streaming giant decides to raise membership prices again, which UBS communications and cable analyst John Hodulyk says is very likely this year. UBS: “I’m […]