Shares of Richardson Electronics (NASDAQ: RELL) were up 22% as of 12:11 p.m. ET on Thursday after reporting better-than-expected earnings results. The company also saw an uptick in gross margin, which more than doubled earnings per share over the year-ago quarter. Richardson sells engineered replacement parts, tubes, and other components across healthcare, aviation, military, marine, industrial, and alternative energy.
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.
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.
The Nasdaq and the S&P 500 ended lower on Friday as Netflix shares weighed, but American Express kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment. Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.
Sam's Club is far more than a place to pick up giant boxes of cereal, snacks for the kids' lunches and a three-month supply of toilet paper, helping you save money by buying in bulk. Scattered...
Inflation has hit us hard and we've all felt the financial pinch. However, recently enacted tax laws and the expiration of existing rules will likely increase taxes. Learn More: This Is the One Type...
For every luxurious travel item, there's a serviceable counterpart that will get the job done, but wealthy people often prefer the luxurious to the ordinary. Explore More: Dave Ramsey: 7 Vacation...
Ryan Giggs | Ned Benson/Cate Shortland | Iditarod dog sled race
Having more than one home is now the norm for wealthy Americans. A 2023 Ameriprise Financial survey of financial advisors who work with high-net-worth clients estimated that about two out of three own...
Coronation Street's Daniel Osbourne is facing new trouble with police after his secret meeting with ex-girlfriend Nicky Wheatley.
Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report. The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
There has been some noteworthy movements in the fantasy baseball reliever landscape. Dalton Del Don breaks down the most important.
Josh Morrissey remembers the city coming to life before his eyes. A nine-year-old Flames fan in the spring of 2004, he was captivated by every Jarome Iginla chance and Miikka Kiprusoff save during Calgary's run to the Stanley Cup final. "It was just an awesome experience," said Morrissey, now a star defenceman for the Winnipeg Jets. "Living and dying on every win and loss." Hockey fans across Canada are once again preparing themselves to experience that annual thrill and torment. The Jets, Vanco
Gideon Falter, chief executive of the Campaign Against Antisemitism, was wearing a kippah skull cap when he was stopped from crossing the road.
JUNEAU, Alaska (AP) — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The decision — part of a yearslong fight over whether and how to develop the vast oil resources in the state — finalizes protections first proposed last year as the Democratic administration prepared to approve the contentious
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
A full jury of 12 people and six alternates was seated Friday in Donald Trump’s hush money case, setting the stage for opening statements next week in the first criminal trial of a former U.S. president. The panel, which includes software engineers, an English teacher and multiple lawyers, took final shape after lawyers spent days quizzing dozens of potential jurors on whether they can impartially judge the presumptive Republican presidential nominee.The judge said lawyers will present opening s
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
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