"War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March," the company said.
Financial expert Nunn emphasizes automating savings by setting up direct debits or using round-up tools. He also advises building an emergency fund of 1-3 months' salary and warns about online financial influencers promoting risky products, especially crypto.
Electric vehicles (EVs) are becoming more popular but cost 30% more to repair and take 14% longer than petrol cars, leading to 10-25% higher insurance premiums. Design choices like component integration and expensive batteries contribute to repair costs, often resulting in cars being written off after minor damage. Efforts are underway to make EVs easier and cheaper to repair, which could lower insurance costs.
Jim Cramer expressed concern over a flood of new stock and bond issuances, including major deals from Alphabet, SpaceX, and Amazon, potentially threatening the bull market by overwhelming sidelined capital and demand.
Levi Strauss exceeded Wall Street's Q2 expectations for both earnings and revenue, prompting the company to raise its full-year guidance for adjusted EPS and sales. The denim maker also increased its dividend.
SpaceX's stock closed below its IPO price for the second consecutive day, trading at $148. Despite inclusion in the Nasdaq 100 and mostly bullish analyst ratings, some analysts recommend selling shares, citing valuation concerns.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
