00:00 Speaker A Brian, we did just get some numbers on consumer confidence from the University of Michigan. This was the July preliminary numbers. So the the first look here at July and it came in a little stronger than economists had forecast and stronger than June. 61.8 was the reading here. Um so seeing…
The news of Ocean Empire, a 33-year-old congee restaurant chain, suddenly shutting down is not surprising. The catering industry has struggled mightily since Hong Kong reopened its borders after the worst of the Covid-19 pandemic, and many local restaurants have bitten the dust. The disrupter of the century so far, the pandemic has permanently changed…
Photo: Michael M. Santiago (Getty Images) U.S. stocks largely ended the week on a high note after a muted opening Friday, as trade-war pessimism gave way to a fourth day of gains for the S&P 500. Meanwhile, Tesla (TSLA) spiked 9.8% as word spread that CEO Elon Musk would spend less time facilitating mass firings…
Stocks took a hit today, and it doesnt look like things will be calming down anytime soon. The Dow Jones Industrial Average (DIA) dropped 1%, while the S&P 500 (SPY) and Nasdaq Composite (NASDAQ:QQQ) fell by 1.14% and 1.56%, respectively at 10.25am today. Consumer sentiment is sliding, with the University of Michigans latest survey showing…
Budrul Chukrut / SOPA Images / LightRocket via Getty Images Key Takeaways Shares of beauty products maker Estée Lauder climbed 10% on Thursday, posting one of the day’s top performances in the S&P 500. The gains for the stock followed the announcement of an economic stimulus in China, which could boost consumer sentiment and help…