Tag Archives: isnt

A board member at VF Corporation reportedly calls Black Lives Matter “the true racists” in leaked emails. Brian van der Brug / Los Angeles Times via Getty Images A board member at VF Corporation reportedly called Black Lives Matter “the true racists.” “I don’t believe in Black Lives Matter,” Veronica Wu reportedly said in emails obtained by Axios. VF Corp is home to brands like Supreme, Vans, Timberland, Dickies, and The North Face. See more stories on Insider’s business page. A Silicon Valley… Source link

Medicare will begin to run out of money in five years. Image: Getty Crunch time for Medicare is just five years away, according to the latest annual report from the trustees who oversee the program. The trustees say the popular health care program for seniors will begin to run short of money in 2026, the same doom date as in last year’s report. The COVID pandemic and its effect on the economy represent an “unprecedented level of uncertainty,” however, and the funding shortfall could arrive… Source link

Square (SQ) hasn’t escaped the volatility in bitcoin this year by any means.  The payments platform — which allows the buying and selling of bitcoin via its Cash App — said Monday its second quarter bitcoin revenue clocked in at $2.72 billion. That’s a 23% drop from the first quarter. Gross profit from Square’s bitcoin business tallied $55 million, down $20 million from the first quarter. Year-to-date Square has been forced to take $65 million in impairments related to its bitcoin… Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link

InvestorPlace SoFi Stock Looks Like a Good Value Below $21 SoFi Technologies (NASDAQ:SOFI) still looks like good value here now that it is public, which allowed it to receive $1.91 billion in additional cash. Moreover, on May 24, the company produced its 10-Q filing, and on May 31 it sent out an investor presentation. (For some odd reason, the company did not produce an actual earnings release, just a slide presentation.) Nevertheless, SOFI stock is still worth between $23.91 and $27.80…. Source link

Inflation has hit the highest level since 2008, when gas prices exceeded $4 per gallon. Overall prices are up 4.9% during the last 12 months, with the biggest jumps in pandemic-affected parts of the economy. A shortage of semiconductors needed for new cars has pushed used-car prices up 30%. Transportation costs, driven by rising airfares, are up 20%, with volatile gas prices up 56%. Surging demand for real estate has pushed home prices up 13%, with many buyers shut out completely. Consumers… Source link

A fourth stimulus check? The White House isn’t ruling that out The pandemic’s fourth stimulus check has so far been nothing more than talk, but it may move closer to becoming a real thing this week as Congress returns to work after its Memorial Day recess. Scores of lawmakers have been arguing for another relief payment, and they’re likely to push harder by capitalizing on some fresh developments. Those include new evidence that stimulus checks are making a difference in Americans’ lives, and… Source link

This journalist remembers chatting on a number of occasions with Mark Tritton when he was the whiz kid behind Target’s merchandising revival from 2016 to 2019.  Tritton — serving as Target’s chief merchandising officer — was level-headed, decisive, creatively-focused and believed he could bring the cheap chic cool factor back to the discount retailer. He achieved his mission (Tritton remains a big reason why it’s fun to shop at Target), and Target’s bottom line continues to benefit from… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link