Author: Press Room
Starbucks’ Howard Schultz, who was interim CEO at the time, broke federal labor law in 2022 by telling a California barista who raised concerns about unionization that “if you’re not happy at Starbucks, you can go work for another company.” A decision by the National Labor Relations Board on Wednesday said Schultz’s statement was an unlawful, coercive threat. The decision underscores the fractious relationship Starbucks has had with organized labor as more and more workers at its stores unionize. In 2022, when Schultz was interim CEO, he attended a company event in Long Beach, California, to address and improve working…
Bitcoin’s bull market cycle is accelerating, CoinMarketCap says. It’s running 100 days ahead of its typical four-year cycle. This raises the possibility of a “super cycle” fueled by institutional adoption, ETFs, and changing market dynamics. Read the full article here
This article was written byFollowMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseDonald Trump touted his pro-fossil fuel agenda and accused President Joe Biden of holding back the US’s oil and gas industry on Wednesday during a closed-door meeting in Midland, Texas, where he courted deep-pocketed industry barons for cash. At a private fundraiser in the west Texas oil city, where tickets went for almost $1mn each, the Republican presidential candidate told donors the US “could not be in a worse position as far as energy security goes”, according to people…
Election officials in Georgia, North Carolina and Florida are working quickly to ensure voters can still securely cast early ballots, despite the devastating storm impacts of Hurricane Helene that have in some cases left them without power, water and cell service. Potential solutions in the affected counties of the three states, which could determine the White House, could include extra polling places, extending early voting and making it easier to drop off mail ballots. “We have no power. We have no water. Cell service is limited, so right now the concern is a delay in getting the absentee ballots mailed out,…
The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research looking at the self-employed savings levels out of the United Kingdom. The UK, which has a public pension plan, encourages employees and business owners alike to fund their retirement. According to new research by the UK’s Institute for Fiscal Studies, only 20% of those making 10,000 pounds ($13,362) or more…
Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically sensitive corners of the market such as industrials. That’s because lower rates are typically good for businesses’ capital expenditure levels. And yet a recent pair of research reports on industrials – from Deutsche Bank and Barclays – paints a decidedly mixed view on Dover and the group overall, which includes…
Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected. Shares of Levi’s fell more than 8% in extended trading Wednesday.Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 33…
A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. Kalshi, an online platform where users can bet on the outcomes of future events, relaunched its congressional control contracts a few hours after the ruling, letting Americans bet on which party will control the House and Senate in 2025. It is unclear whether the New York-based startup will launch more election markets. A panel of three judges unanimously ruled Wednesday that the Commodity…
This article was written byFollowAfter 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire HI (Human Intelligence) generated investment stories. I definitely understand quant investing, including factors and…
