Shares in Salesforce experienced their steepest increase in almost two years on Wednesday after the company signaled that demand for business software is holding up despite a broader downturn for major tech firms. About 2,000 Salesforce Marketing Cloud employees are based in Indianapolis.
After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Cars on U.S. roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies.
The median occupancy rate at skilled nursing facilities, historically around 90%, is forecasted to be 77% for the year. And most homes are losing money, with an expected median operating margin of negative 4.8%.
Target Corp. is on pace for its worst stock drop since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast. Other retailers suffered steep drops in their stock prices Wednesday.
The forecast comes as Europe and North America look to reduce their dependency on Chinese imports and develop their own lithium production. China has enjoyed a stranglehold over the lithium supply chain.
Feeling a bit cheated when you look down at your plate? It’s not just a figment of your imagination—portions at some U.S. restaurants are indeed getting smaller.
Fed officials raised interest rates by a half-point last week and Chairman Jerome Powell signaled they would continue at that pace at meetings in June and July to curb inflation.
Prices for such eggs and deli meats are soaring to records, adding to the fastest pace of U.S. inflation in four decades.
The sell-off was a sharp reversal of fortunes after markets posted large gains on Wednesday, a whiplash caused by temporary confusion over the Federal Reserve’s approach to raising interest rates this year.
The price hike will test whether carriers can join other industries like food and energy in passing on higher costs. The plan could backfire if disgruntled AT&T customers defect to Verizon and T-Mobile.
Now, at a time when businesses will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.
Long-term U.S. Treasury yields jumped to a three-year high on Monday, fueling a global rise in borrowing costs as traders intensified bets on aggressive rate hikes from major central banks.
The Fed last month kicked off what’s expected to be a series of interest rate hikes to tame inflation, but the efforts to temper demand will take time to materialize.
In the last 12 months, job openings have increased 29% in cybersecurity, more than double the rate of growth between 2018 and 2019, according to Gartner TalentNeuron, which tracks labor market trends.
The likely rise in U.S. cases probably won’t amount to a full-scale surge, Anthony Fauci, Biden’s chief medical adviser, said Sunday.
Office buildings that opened since 2015 recorded more than 51 million square feet of occupancy gains since COVID hit, but vacancies have swelled elsewhere, according to Jones Lang LaSalle.
A further round of talks between Russian and Ukrainian officials on Monday will focus on discussing a potential ceasefire with an immediate withdrawal of troops and security guarantees, Ukraine negotiator Mykhailo Podolyak said.
Investors have ramped up expectations for an aggressive Fed posture in the face of the highest inflation in four decades. But the economists say the outlook has become muted by uncertainty over Ukraine, sanctions and surging commodities prices.
For trucking fleets—which move 70% of the U.S.’s freight tonnage—the sudden jump in prices is set to hurt smaller operators who have to cover the extra fuel cost on the spot and wait for surcharges to be reimbursed, American Trucking Association Chief Economist Bob Costello said.
