Investments and Business

August 3, 2024

Japan's new currency envoy keeps yen stabilization measures on the table

Ava Martinez

Japan will maintain its stance on yen intervention, viewing it as an option to counter excessive volatility, according to the country's new top currency diplomat, Atsushi Mimura. "Japan will act…

Investments and Business

August 3, 2024

Major shareholders moving ahead of the market: Hershey, Meta Platforms, Arm Holdings, Shake Shack and more

Ava Martinez

ALBA, FLORIDA — Investors saw significant moves in several stocks during today’s pre-market session. Here are some of the companies that saw the most notable changes: Hershey (Switzerland) Hershey shares…

Investments and Business

August 3, 2024

Microsoft Officially Labels OpenAI as AI Competitor in Annual Report

Ava Martinez

SAN FRANCISCO, CA — The dynamic between Microsoft and OpenAI has taken a new turn: Microsoft has now recognized the AI startup as a competitor in its latest annual report.…

Investments and Business

August 2, 2024

Kohl's Seeks to Attract Young Families, Increase Sales with Babies R Us Partnership

Ava Martinez

Kohl's plans to open 200 stores in its facilities by the end of September. The retailer will sell a wide variety of baby items, including strollers, car seats and cribs.…

Investments and Business

Shell Beats Second-Quarter Profit Projections, Launches .5 Billion Share Buyback Plan

August 2, 2024

Shell Beats Second-Quarter Profit Projections, Launches $3.5 Billion Share Buyback Plan

Ava Martinez

ALBA, FLORIDA — British oil giant Shell on Thursday reported second-quarter earnings that beat expectations, despite challenges such as lower refining margins and a weak performance in its liquefied natural…

Investments and Business

August 2, 2024

What to expect from Friday's crucial jobs report

Ava Martinez

The U.S. labor market is expected to show signs of cooling in July, due to the gradual economic slowdown and the impact of Hurricane Beryl on hiring rates. The Labor…

Investments and Business

August 2, 2024

Léon Marchand Makes History With Double Gold in 200 Butterfly and Breaststroke at Paris Olympics

Ava Martinez

NANTERRE, France — French sensation Léon Marchand continued his impressive run at the Paris Olympics, becoming the first swimmer in history to win gold in both the 200-meter butterfly and…

Investments and Business

August 2, 2024

Amazon's Q2 Revenue Misses, Forecasts Disappoint Investors

Ava Martinez

Amazon reported its second-quarter earnings on Thursday, reporting lower-than-expected revenue and a less optimistic outlook for the next quarter, sending the company’s shares lower in after-hours trading. Here are the…

Investments and Business

August 1, 2024

ADP reports slower private payroll growth in July, wage increases hit three-year low

Ava Martinez

ALBA, FLORIDA — Private sector employment growth slowed in July, with wage increases hitting a three-year low, according to a report released Wednesday by payroll processing firm ADP. Employment numbers…

Investments and Business

Japan announces .8 billion currency intervention amid yen weakness, BOJ rate hike

August 1, 2024

Japan announces $36.8 billion currency intervention amid yen weakness, BOJ rate hike

Ava Martinez

TOKYO — Official data released Wednesday confirmed that Japanese authorities spent 5.53 trillion yen ($36.8 billion) in July to support the yen. The move follows a period of significant volatility…

Investments and Business