After raising prices sharply, corporate profits get squeezed as inflation eases
Many analysts believe margins hit bottom in the second quarter, and they’re forecasting a recovery in the second half. Others are less optimistic.
Many analysts believe margins hit bottom in the second quarter, and they’re forecasting a recovery in the second half. Others are less optimistic.
Despite the fastest interest rate hikes since 1989, the unemployment rate has hardly budged, remaining at a historically low 3.6%.
Driving last quarter’s growth was a burst of business investment, which surged at a 5.7% annual pace, the fastest rate since late 2021.
President Joe Biden on Thursday plans to announce new steps to protect workers, improve weather forecasts and make drinking water more accessible, the White House says.
The lawsuit said the alleged acts took place while the athletic trainer was under the supervision of Butler University’s senior associate athletic director for student-athlete health, performance and well-being.
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
In raising the benchmark short-term interest rate to its highest level since 2001, the Fed provided little guidance about when—or whether—it might hike rates again.
Seven major automakers say they will share in a multi-billion dollar investment to build “high power” charging stations with 30,000 plugs in urban areas and along travel corridors.
The Federal Reserve’s increase would be its 11th hike in 17 months. As with its previous rate hikes, this one would likely further elevate the costs of mortgages, auto loans, credit cards and business borrowing.
A study by the New York Federal Reserve has found that 14% of applicants for auto loans were rejected over the past year—the highest such proportion since the New York Fed began tracking the figure in 2013.
Anthony Richardson, the No. 4 overall draft pick, arrived at his first NFL training camp Tuesday at Grand Park in Westfield with big expectations.
Charlie Baker, president of the Indianapolis-based NCAA, called the legislation “a major step in the right direction.”
The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
The rules, if finalized, would force insurers to study patient outcomes to ensure the benefits are administered equally, taking into account their provider network and reimbursement rates and whether prior authorization is required for care.
Tumbling inflation and sturdy hiring have raised hopes the Fed just might pull off a so-called soft landing—slowing the economy just enough to tame inflation without tipping the United States into recession.
The Colts are counting on Richardson, the former University of Florida star, to provide some long-term stability at the sport’s most important position.
Salesforce founder and CEO Marc Benioff, 58, isn’t ready to leave Salesforce yet, even though he has amassed an $8 billion fortune and just went through a challenging stretch that might have caused many CEOs to head for the exit.
The new plant is expected to open in early 2027, joining a joint-venture facility in Kokomo that’s already under construction and scheduled to start production in early 2025.
The X started appearing at the top of the desktop version of Twitter on Monday, but the bird was still dominant across the smartphone app.
“Barbenheimer” didn’t just work—it spun box office gold. The social media-fueled fusion of “Barbie” and “Oppenheimer” brought moviegoers back to the theaters in record numbers this weekend, vastly outperforming projections.