Author: theparknews

This seems self-defeating. Unionized steelworkers have effectively blocked a takeover of U.S. Steel by Japan’s Nippon Steel, leaving U.S. Steel, a symbol of the American heartland, shrinking and without good options. U.S. Steel CEO David Barritt has said that without a takeover, the company would have to close its unionized plants and move them from Pittsburgh to non-union southern states.But the whole issue is distorted by election-year politics, and a deal could still be reached if Japan doesn’t lose patience with U.S. idiosyncrasies. President Joe Biden, Vice President Kamala Harris and Republican presidential nominee Donald Trump are all opposed to…

A monthly revision to the August jobs report showed a combined 86,000 lower revision to payrolls in June and July, but one economist told Yahoo Finance’s Morning Brief that the revision doesn’t necessarily signal further weakness.”This confirms the cooling trend that we all saw,” said Joe Brusuelas, chief economist at RSM. “I don’t think there’s a risk of a tornado in the labor market.”Brusuelas noted that an increase of around 100,000 jobs would be enough to stabilize the unemployment rate.”Going forward, we expect this trend to stabilize at around 100,000 per month,” he said. “In a state of full employment,…

Sen. Kamala Harris is set to unveil a new policy proposal Wednesday that would give a $50,000 tax credit to small businesses looking to start up their businesses.A centerpiece of her new plan is the small business tax credit currently in the tax law, which allows aspiring entrepreneurs to deduct up to $5,000 for start-up expenses and other costs.Harris’ proposal would increase that by 10 times and is due to be formally unveiled on Wednesday, when the vice president is expected to further outline his economic vision during a stop in Portsmouth, New Hampshire.She will also announce an overall goal…

With strong consumer demand and a rebound in consumer confidence, now is an ideal time to invest in luxury brand stocks. When consumers feel confident about their financial situation, they are more likely to spend money on premium products. This trend is critical for luxury goods companies that rely on the discretionary spending of wealthy buyers. With consumer confidence remaining healthy, demand for luxury goods such as designer fashion, luxury accessories and fine jewelry is expected to continue to grow.Large brands such as lululemon Athletica Inc. LULU, Ralph Lauren Corporation RL, and Tapestry, Inc. TPR are well-positioned to take advantage…

Hyatt Hotels Corporation H announced plans to expand its portfolio with more than 50 luxury and lifestyle hotels by 2026. The company highlighted this development at ILTM Cannes, a major event in the luxury travel industry. Hyatt aims to strengthen its growth in luxury and lifestyle by refining its brand portfolio. This approach is designed to maximize each brand’s potential and meet evolving traveler demands. Demand for luxury travel will increase significantly in 2023 and continue to grow. Savills expects European luxury hotel share prices to increase by 52.8% by 2028, demonstrating strong investor confidence in the sector’s long-term growth…

IBM (IBM) has been one of the most-watched stocks recently by Zacks.com visitors. Therefore, we recommend considering several factors that can affect a stock’s short-term performance. The technology and consulting company’s stock has returned +10.2% over the past month. In contrast, the Zacks S&P 500 Composite Index, +5.8% was unchanged. The Zacks Computer – Integrated Systems industry, which includes IBM, has gained 4.2% in this period. The key question here is where the stock is likely to go in the short term. While media releases and rumors about significant changes in a company’s business prospects typically cause its stock to…

Tesla Inc. (TSLA) shares plunged 8.8% after the EV giant’s robotaxi announcement failed to garner interest from market participants over production ramp-up and regulatory hurdles.Stellantis NV stock (STLA) plunged 2.2% as the company plans major changes in its management team, including the firing of its CFO.The Boeing Company (BAShares rose 3% after the company said it plans to cut 10% of its workforce, or 17,000 jobs, to reduce losses from worker strikes. Super Microcomputer Corporation stock (SMCI) 2.9% after the company recently announced it had shipped more than 100,000 GPUs with direct liquid cooling solutions for some of the very…

NIO Inc. NIO shares rose 2.5% after the company announced a 13.3 billion yuan cash injection into Nio’s China operations.Moderna Inc.’s MRNA stock rose 1.6% after the company announced it had administered the first dose in a Phase 3 trial of its norovirus vaccine candidate.AMC Entertainment Holdings AMC shares rose 1.1% after the company reduced its debt by nearly $153 million.Futu Holdings Limited FUTU shares rose 11.6% as recent economic stimulus measures boosted investor optimism and Chinese stocks hit a 16-year high.Want the latest recommendations from Zacks Investment Research? Today you can download 7 Best Stocks for the Next 30…

ECD Automotive Design ECD Auto Design strengthens client-centric approach and enhances luxury experience in 2025 Kissimmee, Fla., January 14, 2025 (Globe Newswire) — ECD Auto Design, the unrivaled leader in custom restoration of luxury vehicles, implements several initiatives focused on improving the client experience. This marks the beginning of 2025. ECD’s success story revolves around a focus on the client journey and continually evolving to exceed expectations. As part of this effort, ECD is implementing exciting new retail stores, innovative new product offerings, and on-the-street on-the-street demonstrations so that customers can experience ECD’s unparalleled craftsmanship and innovation first-hand. We are…

L’Esprit Cruise Elite design firm 3deluxe offers sophisticated renderings of innovative day cruise concepts LAUDERDALE, Fla., Dec. 31, 2024 (Globe Newswire) — L’Esprit Cruises, which creates a new approach to luxury day cruises, today unveiled a rendering of its completed vessel from world-renowned design firm 3Deluxe. announced, marking an important milestone for the company. development. These sophisticated visualizations illustrate L’Esprit’s vision for premium day cruising, where guests can hop on and off on a water taxi. “These renderings are more than just a design; they are a blueprint for a new category of luxury tours,” said Gordon Merritt, CEO of…