Author: Press Room
More than 10,000 hotel workers at 24 hotels stretching from Boston to the West Coast to Hawaii went on strike early Sunday morning, disrupting travel during a busy Labor Day weekend. The hotels are reportedly still open but guests will deal with a skeleton staff unable to provide full services. UNITE HERE, the union representing the striking workers, says they are striking not just for better pay but also better working conditions, including the return of automatic daily room cleaning that many hotels dropped during the pandemic. “We’re on strike because the hotel industry has gotten off track,” Gwen Mills,…
Qualcomm (NASDAQ:QCOM) continues to be in a correction mode after hitting a June peak of over $225. The stock is currently trading at over 20% below the recent peak despite beating revenue and earnings estimates in the recent earnings. However, the stock is quite cheap when we look at some of the key tailwinds in various business segments. The automotive business reported an 87% YoY growth and has seen good growth projections for the future as the auto industry tries to build “smarter cars”. The IoT segment reported an 8% YoY decline in revenue, but new XR categories like Meta’s…
A British technology start-up which had promised to build the world’s first space plane is in last-ditch talks to secure new financing after two of its backers wrote down the value of their investment. Reaction Engines, which was founded in 1989, is in detailed talks with the UAE-backed Strategic Development Fund (SDF), one of its existing shareholders, about a new injection of capital, according to two people familiar with the situation. The SDF led a £40mn funding round in January last year. The British start-up is also backed by several aerospace giants, including BAE Systems and Rolls-Royce, as well as financial…
Former US attorney on what he expects from the next Trump election subversion hearing Former US attorney Harry Litman explains what he expects from the upcoming hearing to decide what parts of special counsel Jack Smith’s election subversion case against former President Donald Trump is not included in the Supreme Court’s presidential immunity ruling. Read the full article here
Get there first. That’s the best parenting advice I ever got, and it applies to every one of the most important values we choose to pass on to our children, as well as all the thorniest issues we choose to address—sex, alcohol, drugs, rock ‘n’ roll, and yes, money. For all of us parents, there are things that we hope to impart to our kids, right? There are values we hope to instill in them, lessons that we hope they learn, experiences that we want them to have, and other experiences that we hope they’ll avoid. But when and how…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.500% as of August 1, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
For over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles are dedicated to crafting stories for the biggest and smallest screens, and movie studios are offering more ways than ever for cinema lovers to get a behind-the-scenes peek at how — and where — the magic is made.”Touring the studios, being able to go where this stuff happened, to be in the physical space of all these things that for over 100 years now people have…
Growing up, Payton Martin’s family went on a lot of cruises and she became fascinated with them. The now 23-year-old Oklahoma native says back then she’d dreamed about working and living on one.”I always wondered about what the guests don’t see and what was going on behind closed doors,” Martin tells CNBC Make It.Fast forward to the summer of 2021, Martin was getting ready to go on yet another cruise with her family. This one had been rescheduled several times because of the COVID-19 pandemic. Martin’s experience on that trip made her realize that if she was ever going to…
When British rock band Oasis announced a reunion tour this week there was a predictable frenzy for tickets to the 17 dates. Perhaps also predictably, there have been complaints and frustration with the ticket-buying process due to heavy demand. Tickets went on general sale on Saturday at 9 a.m. GMT and it didn’t take long for social media to start fuming about inflated prices, long waits and error messages from ticketing company Ticketmaster. “‘In demand standing ticket’ is just a standard standing ticket except double the price,” Darragh Moriarty, a city councilor in Dublin, posted on X, formerly known as…
It could have been Wilfred Frost, or it could have been another CNBC interviewer this morning (Friday, August 30 ’24), but some anchor at CNBC had Tom Lee on after the market opened and asked him about 2025 S&P 500 earnings, and Tom (whose FundStrat Insight firm does excellent research work), responded that he thought that the full-year 2025 S&P 500 EPS would be somewhere between “$260 and $280”. Data Source: LSEG Here’s the trend in 2024, 2025 and 2026 S&P 500 EPS since early April ’24. The important aspect to 2025’s EPS trend is that it’s slowly rising over…
