Zevia PBC Lowers Full Year Guidance for 2023
Shares of Zevia PBC experienced a drop in post-market trading on Monday following the company's announcement of a reduction in its full year 2023 guidance. Stock Performance At 5:22 p.m.…
Former USC Dean Sentenced for Bribing Los Angeles County Supervisor
LOS ANGELES — Marilyn Flynn, the former dean of USC's School of Social Work, has been sentenced to 1 1/2 years of home confinement and ordered to pay a $150,000…
Reach PLC Reports Drop in Profits but Remains Optimistic for Future Growth
Reach PLC, a prominent media company in the UK, announced a decline in pretax profit for the first half of the year, primarily due to a decrease in revenue and…
The Global Economy: Is the Inflationary Cycle Near its End?
Recent data sparks hope for a potential "touchdown" of inflation, according to the International Monetary Fund (IMF) in their latest update to the World Economic Outlook. Pierre-Olivier Gourinchas, the IMF's…
Brain Health After Retirement: A Racial Disparity Unveiled
Introduction Retirement often comes with changes in our cognitive abilities, and recent research suggests that these changes may vary among different demographic groups. A study published in the Journal of…
Industrial and Transportation Companies Surge on Strong Earnings and Averted Strike
Shares of industrial and transportation companies experienced a notable uptick following impressive earnings reports from key players in the market and the successful avoidance of a potential strike. General Electric's…
Cigna Accused of Automatic Claim Rejections in Violation of California Law
A recent federal lawsuit claims that health insurance company Cigna employed a computer algorithm to automatically reject hundreds of thousands of patient claims without properly assessing them, as mandated by…
Tialis Essential IT Expects Strong First-Half Performance and Considers Share Buyback
Tialis Essential IT, a leading IT-managed services provider, announced on Wednesday that it anticipates a significant increase in revenue and adjusted earnings for the first half of the year. The…
SunPower Reports Widened Losses for Full Year
SunPower, a provider of photovoltaic solar energy, has announced that its full-year losses for the year have widened due to a decrease in customer growth and a hit in demand…
Economic Activity and Monetary Policy Update
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Prologis Inc. Faces Challenges in Second Quarter Occupancy
Shares of Prologis Inc. experienced a decline on Tuesday following the disappointing drop in second-quarter occupancy for the fulfillment-center real-estate company. Despite reporting higher-than-expected profit and revenue, as well as…
The Challenge of Consumer Spending Strength
Persistent strength in consumer spending has posed a significant challenge for the Federal Reserve in its efforts to quell inflation. The upcoming release of the June retail sales report is…