Articles

Jobless claims tick up in latest week

Initial jobless claims rose by 13,00o to 215,000 in the week ended Feb. 24, the Labor Department said Thursday.

Snowflake’s stock heads for worst day ever — and could stay in the ‘penalty box’

Snowflake shares are suffering from its CEO’s retirement, plus a weak forecast. These factors could help erase $17 billion in market cap.

Trulieve, Green Thumb Industries, Verano beat revenue estimates as more states roll out legal cannabis sales

Trulieve Cannabis Corp., Green Thumb Industries Inc. and Verano Holdings Corp. all topped revenue estimates for the fourth quarter, as the cannabis companies opened new stores and more states rolled out medical and adult-use programs.

Viking Therapeutics takes advantage of soaring stock price to issue fresh shares at a discount

Viking Therapeutics has a stock offering starting at $85 — a discount from its Wednesday closing price of $94.50.

Oil prices nudge higher, attempting to shake off rise in U.S. crude inventories

U.S. oil futures attempt to shake off weakness tied to a rise in crude inventories.

Bath & Body Works’ disappointing guidance overshadows earnings beat

Bath & Body Works Inc.’s stock fell 8% early Thursday, after the soap and perfume retailer said it expects earnings to fall in fiscal 2024, overshadowing better-than-expected fourth-quarter numbers.

Hormel’s stock surges as Planters nuts strength helps fuel an earnings beat

Shares of Hormel Foods Corp. rallied toward an eight-week high Thursday, after the food company, which has brands including Skippy, Spam, Dinty Moore and La Victoria, reported fiscal first-quarter results that beat expectations as demand increased across its business segments.

How the power of ‘no’ can get you exactly what you want

Saying ‘no’ keeps you focused and selective, founder of real-estate brokerage RE/MAX says.

Bountiful pensions and retirements free of worry? The ‘golden age’ of retirement is a lie.

America faces huge retirement challenges, but it’s hardly going to help us get to where we are going if we can’t even agree where we are, let alone where we used to be.

Six Flags swings to a loss as company absorbs costs of Cedar Fair merger

The company is still expecting the Cedar Fair deal to close in the first half. The deal is valued at about $8 billion including debt and will create a new entity with a portfolio of 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico.

‘Everybody’s ageist. Everybody’s going to be a victim.’ Can public-service campaigns tackle age prejudice?

England started a nationwide anti-ageism campaign. Why hasn’t the U.S.?

An AI surprise could fuel a 20% rally for the S&P 500 in 2024, says UBS

If Gen AI causes a big productivity boost, stocks could see an unexpected rally this year, say UBS strategists.
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