Casinos Rebound Las Vegas was hit hard during the pandemic. Casinos, previously open for 24 hours a day, were shuttered and unemployment soared over 30% in April 2020. In June of that year, the average hotel price dropped to about $118 a night. The Strip’s fortunes have begun to change. [...]
Best Rate in Months In response to the Fed’s monetary tightening that began in March of this year, mortgage rates have trended upward. A reversal of that trajectory was evident this week as the average interest charge on a 30-year fixed-rate mortgage hit 4.99%, the lowest since April. For prospective [...]
The Earnings Engine that Could With roughly 65% of S&P 500 companies having now reported their Q2 results, the verdict is nearly in and earnings season hasn’t been as terrible as feared. It certainly hasn’t set record highs, but on balance, it hasn’t been nearly as painful as markets suggested [...]
Employees At Home Flashing back to March of 2020, tech companies were focused on helping companies make remote work possible. Health, safety, and telecommunications were the focus. For example, Heineken NV (HEINY) ensured workers maintained social distancing and kept tabs on occupancy levels through HqO’s office app. More recently, those [...]
The Terms Electric heavy truck maker Nikola (NKLA) is taking steps aimed at boosting access to the batteries needed to make its products, while also potentially saving money long term. The company just announced it will acquire California-based battery pack manufacturer Romeo Power (RMO). The $144 million deal will also [...]
Rising Prices Everywhere The Consumer Price Index rose 9.1% on an annualized basis in June. The main categories driving headline inflation are necessities like gas, shelter, and food. Many Americans are scrambling to stretch their income so these non-discretionary budget line items can be covered. Given that groceries cost about [...]
While preparing the kids to go back to school, the end of summer is also the perfect time to think of your own learning goals. Even if your own school days are long gone, becoming a life-long learner can help you grow and excel in many areas of your present [...]
Eyeing an IPO Despite a somewhat frozen market for initial public offerings, Instacart is eying an IPO before the end of 2022. Given the overall sour economic sentiment, many investment banks are advising private companies, especially unprofitable ones, to sit on the sidelines until conditions improve. In May, Instacart confidentially [...]
Economic Data Today, the US manufacturing sector will be in focus with two key data points set for release. First up will be S&P Global’s final print of July manufacturing PMI. The initial flash reading showed the first contraction in business activity in two years. The July ISM manufacturing index [...]
Wandering Wonder In the suburbs of northern New Jersey, outside New York City, a new startup is making meals for hungry families. Rather than operate out of a restaurant or old school food truck, Wonder operates as a sort of hybrid. Its meals are partially cooked in a central kitchen [...]
