In this video, I will go over General Motors' (NYSE: GM) fourth-quarter earnings report, specifically the numbers the company does not want investors to look at. While the company comfortably beat Wall Street's expectations, things aren't as rosy as they seem.
The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms. The lease for the company's 150,000-square-foot Sumner distribution center will end on July 2025, a regulatory filing showed.
Ryan Giggs | Ned Benson/Cate Shortland | Iditarod dog sled race
There has been some noteworthy movements in the fantasy baseball reliever landscape. Dalton Del Don breaks down the most important.
Gideon Falter, chief executive of the Campaign Against Antisemitism, was wearing a kippah skull cap when he was stopped from crossing the road.
A few of our faves? A Shark stick vac for just $100 and a vertical garden on sale for $34, plus sweet gift ideas for Mom.
The median monthly mortgage payment jumped 11% in the past year due to surging interest rates and soaring home prices.
The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's market momentum. One of the leaders in the S&P is chip-making powerhouse Nvidia (NVDA) which is down 15% over the past month. Is the rally for Big Tech players over or just on a pause? F/m Investments President and Chief Investment Officer Alex Morris joins Market Domination to discuss the chip sector and Nvidia's recent dip in share price. Morris weighs in on the current market landscape and how Nvidia has performed recently: "It's surprising to see it today. There's no great catalyst for it. Nvidia didn't come out and say 'we're out of the game, AI is over.' But we have to remember Nvidia, Microsoft (MSFT), Big Tech names, they're momentum names and momentum names occasionally need to take a breather... The geopolitical events aren't the catalyst but they are a good opportunity for folks to reevaluate where their money is and sometimes you take your profits." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Nvidia stock plunged Friday falling sharply below its 50-day average as the broader market retreated in a major sell-off.
ATHENS, Greece (AP) — The flame that will burn at the Olympics is spending the night at the ancient Acropolis in Athens, a week before its handover to Paris 2024 organizers. During a lull in heavy rain late Friday, a torchbearer lit a cauldron in front of the 2,500-year-old Parthenon temple, on the citadel that dominates the Athens skyline and is Greece’s top tourist draw. The flame will stay there until Saturday morning, when the champagne-colored torch travels to Delphi, an important ancient G
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
OTTAWA — Bank of Canada Governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday. "We've all been resolute in our commitment to restore price stability, and we've matched those words with action that has helped us all bring inflatio
Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday. Multiple reports from the IMF and the World Bank this week sounded the alarm about economic developments and prospects in low-income developing countries, which are still grappling with the aftermath of the COVID-19 pandemic and other shocks. The IMF lowered its 2024 growth forecast for low-income countries as a group to 4.7% from an estimate of 4.9% in January.
OTTAWA — Liberal and NDP MPs are lamenting the loss of the longtime Conservative chair of the parliamentary committee on the status of women. Government members say they were disappointed to learn this week that Karen Vecchio would no longer be at the helm, after having first served as chair in 2017. The House of Commons' website shows Vecchio's role as committee chair ended this week, and on Thursday the Conservatives on the committee voted in fellow Tory MP Shelby Kramp-Neuman as her replaceme
Rebel Moon: Part 2 - The Scargiver is an empty feast, a relentless onslaught of explosions, sci-fi tropes and meaningless exposition that amounts to nothing.
From Israel and Iran to the man who set himself on fire outside the Trump trial, Press Secretary Karine Jean-Pierre had little to say
Since it’s not being televised — and news photographers are only permitted in for 45 seconds at the start of each day — the only other images from inside the courtroom are portraits being done by sketch artists.
VOORHEES, N.J. (AP) — Put those playoff plans on hold, Flyers fans. And not just this season. Philadelphia is stuck on the outside of the postseason for the fourth straight year after its fate was decided in Game 82. The Flyers’ acceleration from expected painful rebuild to the cusp of the playoffs was faster than expected — especially among those whose opinions matter most, coach John Tortorella and general manager Danny Briere — which made the late-season freefall all the more puzzling and gut
Reviewers love the mask, too: 'My skin is soft, even dewy ... it's really unbelievable!'
The NYPD identified the man as Maxwell Azzarello, 37, who is now in critical condition in Cornell burns unit. He has a long history of posting conspiracy theories and railing against the rich and powerful
The man was later identified by the New York Police Department as 37-year-old Max Azzarello from St Augustine Florida
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