Author: theparknews

Johannes Eisel/AFP/Getty Images U.S. stocks fell on Friday after a strong December jobs report dampened expectations for a Fed rate cut in 2025. The economy added 256,000 jobs in December, more than expected, and the unemployment rate fell to 4.1%. A rise in bond yields could lead to a correction in the stock market. U.S. stocks fell sharply on Friday after a strong December jobs report dashed investors’ hopes for further interest rate cuts from the Federal Reserve this year. The Dow Jones plunged 697 points, and the Nasdaq 100 and S&P 500 fell more than 1%. Employment rose by…

(Bloomberg) — The strongest U.S. stock market rally in two years since the dot-com bubble is on track for the strongest U.S. stock market rally in two years since the dot-com bubble, as companies begin reporting quarterly earnings and serve as a key gut check on whether valuations are outperforming underlying reality. I’m on my way to my next big challenge. Most Read Articles on Bloomberg The S&P 500 index fell 1.5% on Friday, its worst decline since mid-December as an unexpected hiring surge fueled expectations that the Federal Reserve would not cut interest rates again until the second half…

Kohl’s plans to close 27 underperforming stores by April 2025 as part of the struggling retailer’s transformation process. Pressed by declining sales, the Menomonee Falls, Wis.-based company said in January that all employees at the closing stores had been “notified and offered competitive severance packages.” “I offered to offer her a job offer or to apply for other open positions at Kohl’s.” .9 Press Release. “While Kohl’s continues to believe in the health and strength of its profitable store base, these particular locations were underperforming stores,” the company said. A sign hangs above the entrance to a Kohl’s store in…

Indian hospitality chain Cygnet Hotels & Resorts has signed an agreement with its newest property, Anamore Select Resort & Wellness, located in Mopa, Goa. A 15-minute drive from Mopa Airport and direct access from the Goa-Mumbai Expressway, this luxury resort boasts 150 villa rooms. The move is said to be for the hospitality chain to expand into the luxury segment and diversify its portfolio beyond India’s mid-market sector. Sarvendra Sarkar, Founder and Managing Director, Cygnet Hotels & Resorts said: We aim to redefine the future of luxury travel in India. “We have been successful in setting up 10-12 hotels a…

The Biden administration on Tuesday announced new tax credits for companies that generate clean electricity, but insisted President-elect Donald Trump was wrong to try to cancel the credits. The Treasury Department and the Internal Revenue Service released final rules on clean power investments and production tax credits less than two weeks before Trump’s inauguration. The deduction is one of about 20 tax provisions in the Anti-Inflation Act passed in 2022 with support only from Democrats. The credits are designed to save families money on energy bills and encourage the adoption of clean energy, electric vehicles, energy-efficient buildings, and low-carbon manufacturing.…

The Walt Disney Company (DIS, Finance) has agreed to combine the activities of Hulu + Live TV with FuboTV Inc. (FUBO, Finance) and acquire a 70% controlling interest in the company. With 6.2 million customers and expected annual revenue of $6 billion, the partnership will make the combined business a major participant in the online pay-TV industry, ranking second in North America. Under the agreement, FuboTV will remain publicly traded and CEO David Gandler will lead the business going forward. Hulu + Live TV and FuboTV will remain independent options available to consumers. The partnership will also provide sports-oriented services…

(Bloomberg) – Hon Hai Precision Industries (2317.TW, HNHPF) reported better-than-expected 15% revenue growth after the Nvidia Inc. (NVDA) server assembly partner rode sustained demand for AI infrastructure. . Most Read Articles on Bloomberg Hon Hai, which is also the world’s largest maker of Apple Inc.’s (AAPL) iPhone, reported sales of NT$2.13 trillion ($64.6 billion) in the past three months. Sales rose 42% in December, the company known as Foxconn beating analysts’ expectations. The company also expects sales to increase “significantly” in the first quarter, which will help push the company’s stock price up as much as 3.6% on the Taipei…

(Bloomberg) – Venezuelan opposition leaders will meet with lawmakers in Washington next week ahead of President Joe Biden’s return to the promised oil-rich South American country after the U.S. claims the election was stolen. , is scheduled to meet with President Joe Biden. Most Read Articles on Bloomberg Edmundo González, who the Biden administration considers the rightful winner of July’s Venezuelan vote, said Saturday from Argentina that his agenda in the U.S. capital was still being finalized. The former diplomat claimed that he was the winner of President Nicolás Maduro’s election before he began his third term on January 10,…

Ultra-wealthy people with $11 billion up for grabs go crazy for luxury real estate in New York Benzinga and Yahoo Finance LLC may earn commissions or revenue from some items through the links below. Despite an overall lackluster year for New York City’s real estate market, the ultra-wealthy have made sales of ultra-luxury goods as expensive as the skyscrapers that house their new homes. Proving the saying, “There’s one rule for the rich and another for everyone else,” more than $11 billion is paid for luxury homes priced over $4 million. , which is an 8.5% increase from last year,…

Carvana (CVNA) stock has fallen for the second day in a row after short sellers issued a negative report about the company yesterday. Currently, CVNA stock is returning 5%. Carvana specializes in helping consumers buy cars online. 7 Most Reliable Cars for Seniors A car warehouse packed with newly purchased used cars. negative report Hindenburg, which has established a short position in CVNA stock, says the retailer has overly lax underwriting standards for the loans it offers to car buyers. In fact, the company’s former directors approved every loan application the company received, Hindenburg claimed. Short sellers predicted that auto…