Which firm would you expect to make the lowest profits other things equal

U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson

Peter Bergen is CNN's national security analyst, a vice president at New America and a professor of practice at Arizona State University. Bergen's new paperback is "The Rise and fall of Osama bin Laden." from which this article is, in part, adapted. The views expressed in this commentary are his own. View more opinion on CNN. (CNN) In 1961, after a CIA-backed invasion of Cuba failed spectacularly, President John F. Kennedy said of the Bay of Pigs fiasco, "Victory has 100 fathers and defeat is an orphan." Peter Bergen Last week, President Joe Biden took a victory lap when he announced that the US had tracked down and killed its most wanted terrorist, al Qaeda leader Ayman al-Zawahiri, who was living in a house in Kabul, Afghanistan. Don't expect a similar celebration on August 30, the first anniversary of the US troop withdrawal from Afghanistan, which ended the longest war in American history. Any realistic assessment of that action shows that it … [Read more...] about Opinion: Biden’s Afghanistan exit decision looks even worse a year later

Cuts of meat are seen for sale at a butcher shop in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly CHICAGO – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to levels not seen since Russia’s invasion of major corn and wheat exporter Ukraine may not immediately translate into lower food prices at the grocery store. Feed is the largest cost component of raising a cow for beef, so lower grain prices often help to reduce meat prices. But meat companies like Tyson Foods Inc, which reported weaker-than-expected earnings on Monday, must pay top dollar for animals when there are fewer to slaughter. Processors are also paying more for labor, … [Read more...] about Shrinking U.S. cattle herd signals more pain from high beef prices

S.D. Shibulal, chief executive officer of Infosys, speaks during the announcement of the company's quarterly financial results at their campus in the southern Indian city of Bangalore April 15, 2014. Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. REUTERS/Stringer (INDIA - Tags: BUSINESS) - GM1EA4F1MK501 India's second-largest IT services company Infosys is "comfortable" with the higher revenue growth guidance of 14-16 per cent it gave for the full fiscal, as global IT spends are in "good shape" and digital focus of clients is "quite strong", CEO Salil Parekh said on Tuesday. Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the … [Read more...] about IT spends in good shape; see continued strength in US, European markets: Infosys CEO

Share to Twitter Share to Linkedin One of the ways that the Biden Administration and the Democratic Congress has tried to deflect the opprobrium for the inflation spike of the last year or so has been to blame the middlemen—those entities that facilitate transactions between buyers and sellers—for contributing to high prices without providing anything of value for what it receives. In the last few months it has investigated the prescription drug market , online platforms operated by big tech companies, oil and gas producers , and food delivery apps , to name but a few. Last week Senator Durbin signaled he is considering adding only Mastercard and Visa to this list by introducing legislation that would mandate that credit cards be enabled with at least two unaffiliated networks, which would require the replacement of every credit card currently in circulation with a new, more expensive card for consumers. The legislation mirrors the so-called … [Read more...] about A Durbin Amendment For Credit Cards Will Reduce Their Ubiquity And Do Nothing To Reduce Inflation

(CNN) With nearly 9,000 confirmed monkeypox cases nationwide, there is growing concern that US college and university campuses could become monkeypox "hotspots" this fall. Educators are working to reduce the public health risk while some students worry about how their campus experiences might be affected by the virus -- a virus that the nation is still trying to control and that was recently declared a national public health emergency . JUST WATCHED CNN goes inside clinic treating monkeypox as outbreak grows Replay More Videos ... MUST WATCH CNN goes inside clinic treating monkeypox as outbreak grows 05:32 "As we head into the fall, I'm concerned about outbreaks on college campuses as they are often a place where individuals engage in higher risk sexual activity and are in close contact with many different people," Dr. Rachel Cox, an assistant professor in the School of Nursing at the Mass … [Read more...] about To prepare for possible monkeypox spread, colleges focus on educating students

Miso head Victor Ching is aiming to replicate his app’s success in home cleaning to sweep up new business at home and overseas. O ver the past seven years, Victor Ching has carved out a niche in the home cleaning space in South Korea with an app called Miso. Though it’s a relatively small market compared to online payments or food delivery, the app, which connects cleaners with clients, is the category leader in the country by users. Miso, which means “smile” in Korean, has handled more than 5 million bookings since its founding in 2015. Of those, almost 90% have come from repeat customers, the Seoul-based company says. Top startup investors including Silicon Valley incubator Y Combinator and Los Angeles-based Strong Ventures have backed Miso, which has raised over $11 million to date. After years of steady growth in South Korea’s home cleaning market, cofounder and CEO Ching is taking Miso to the next stage. He’s aiming to replicate Miso’s success with the 70 other … [Read more...] about Korean House Cleaning App Miso Wants To Become The Amazon Of Home Services

Share to Twitter Share to Linkedin When LVMH purchased Scottish whisky distillery Glenmorangie in 2004, for a cool for £300 million ($362 million), it didn’t seem entirely in-line with the company’s portfolio. While the Moët Hennessy empire was already packed with many award-winning and respected liquids, Glenmorangie felt a tad, well, traditional, in comparison. And it showed in the numbers; profits fell as the blended companies found their flow—only to be lifted after a minor rebrand in 2007. The company introduced a new, curvaceous shape to set the brand apart from other scotches on the market, positioning itself as a premium and international brand. And the rest, as they say, is history. Thanks to savvy marketeering and growing consumer interest in whisky, The Glenmorangie Company recorded its best-ever sales performance at the start of the year, revealed plans to invest “tens of millions of pounds" per year to ensure it meets demand from … [Read more...] about Why Glenmorangie Rebranded