Politics
According to Daley, Fed officials hope to reach the 2.5% rate by the end of the year. She also called for reaching the target neutral rate as soon as possible. Daley expects at least a "couple" of 50 basis point hikes in the near future. However, she
Global Company
Twitter has agreed to pay a $150 million fine for disclosing user data. The lawsuit was filed in the Northern District Court of California. It states that from May 2013 to September 2019, the social network misled its users about how their personal data will be used. Twitter users'
Downfall
The company failed to meet analysts' earnings expectations. As recent reports have shown, retailers are struggling to keep up with rising inflation. Consumers are choosing cheaper products, reducing companies' margins.
Downfall
The company failed to beat earnings expectations. At the same time, the company lowered expectations for the coming year - EPS and operating profit may decline by 1%. The reason: rising inflation, higher delivery costs and rising hourly wages. As the company's CFO notes, consumers in the U.
Downfall
Here's a recap of the week. We've reviewed the companies whose stocks have seen the sharpest movement these days. 📈 Online auto parts retailer CarParts was one of this week's growth leaders. Their stock is up 37.7% . Investors were pleased with the retailer'
Global Company
Toyota Motor has warned that "unprecedented" increases in raw material prices could cut annual profits by one-fifth. Supply chain problems have also caught up with the world's largest automaker. Toyota fared well in the first months of the global semiconductor shortage thanks to its large stock