Author: Press Room

From cowboy boots to fried chicken-scented charms, foam footwear maker Crocs has a reputation for quirk. This month, Crocs is putting its best paw forward: The quirky-but-comfortable footwear maker is releasing a line of clogs for dogs. Pet Clogs are part of a partnership with pet supply company and subscription service BARK as part of Crocs’ annual “Croctober” campaign, when it releases a fan-inspired product. Companies often release promotional or limited-time items to boost recognition of their brand. Special flavors of sodas or candies, partnerships with influencers or other brands, even items that aren’t meant to be taken seriously can…

This article was written byFollowAaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>Analyst’s Disclosure: I/we have a beneficial long position in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing will cut about 17,000 jobs and delay the first delivery of its 777X jet as the plane maker confronts deepening losses and the effects of a weekslong strike by its largest labour union. Chief executive Kelly Ortberg announced the cuts, equivalent to 10 per cent of its workforce, in a message to staff on Friday. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” he said. Financial troubles have escalated at Boeing…

The Biden administration sued Virginia election officials Friday, alleging that they were violating federal law by purging voters flagged as potential noncitizens during the so-called quiet period before an election, when electoral officials are forbidden from undertaking systematic removals of voters from registration rolls. The lawsuit comes on the heels of a similar Justice Department challenge to a move by Alabama officials to initiate removals of voters from the rolls. Republicans have made the alleged threat of noncitizen voting a central focus of the 2024 campaign, though instances of noncitizens casting ballots are extremely rare. In court filings Friday, the Justice Department said that Virginia’s purge program, formalized in…

By Chris Farrell, Next Avenue Mention college and the conversation swiftly turns to student loans — with good reason. The current loan-based system to pay for postsecondary education is failing too many students, including a surprisingly large number of debtors nearing or in their retirement years. For one thing, $1.6 trillion worth of student loans were outstanding in the first quarter of 2024, up from $240 billion during the same period of 2003. Too many former students find themselves struggling to pay off their debts and almost one in six federal student loan borrowers are in default. The U.S. Department…

Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week’s reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. “Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,” said Sam Khater, Freddie Mac’s chief economist.  HOUSING TURNOVER RATE HITS LOWEST LEVEL IN 30 YEARS”However, we should remember that the rise in rates is…

Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month. The news In a note to clients Friday, analysts at Roth MKM said they are “incrementally cautious” on the Facebook and Instagram parent, citing concerns about advertising spending from Chinese e-commerce players Temu and Shein, which in recent quarters have been major growth drivers for Meta . “[We] believe buyside expectations for a clean beat and raise quarter have minimal margin of error,” Roth MKM wrote. Meta is set to…

Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also delay the launch of its new wide-body airplane.The manufacturer will not deliver its still-uncertified 777X wide-body plane until 2026, putting it some six years behind schedule, and will stop making commercial 767 freighters in 2027 after it fulfills remaining orders, CEO Kelly Ortberg said in a staff memo Friday afternoon.Boeing expects to report a loss of $9.97 a share in the third quarter, the company said in…

Boeing and the families of the victims of two fatal 737 Max crashes more than five years ago will have to wait to see what punishment the company will face for its misdeeds that preceded the crashes. A federal judge on Friday pressed US Justice Department officials to justify the terms of Boeing’s agreement to plead guilty to fraud in the wake of two fatal 737 Max crashes but stopped short of ruling on whether to accept the deal. Attorneys for Boeing and federal prosecutors argued to US District Judge Reed O’Connor in Fort Worth, Texas, that he should accept the plea deal, while lawyers for relatives of…

This article was written byFollowMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to small cap companies).My academic background is in sociology and I hold a Master’s Degree in Sociology (with main emphasis on organizational and economic sociology) and a Bachelor’s Degree in Sociology and History.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BABA, JD, SBUX, TCEHY either through stock ownership, options,…