Sysco, a major player in the food distribution game, just gave everyone a surprise. They boosted their yearly profit predictions, all thanks to a strong showing in the U. S. market. It seems people are still hitting up restaurants, and those with more money to spare aren't holding back. But it's no
Wall Street saw a rebound on Monday, with major indexes reaching new highs. The S&P 500 added 0. 2% to its previous record, while the Dow Jones Industrial Average recovered from an early loss of nearly 500 points to gain 86 points. The Nasdaq composite also saw a 0. 3% increase. However, the market
The Trump administration recently made a bold move against Jerome Powell, the head of the Federal Reserve. They started a questionable investigation into Powell's finances. This is unusual because the Fed is supposed to be independent. Powell, who is usually calm, spoke out. He said the investigatio
The latest numbers show the US job market is cooling down. In December, only 50, 000 new jobs were added, which is less than expected. This slowdown is partly because businesses are being careful about hiring due to trade issues and investing more in technology. The unemployment rate did drop to 4.
November's inflation report showed a drop, but experts are questioning its accuracy. The Consumer Price Index (CPI) fell to 2. 7% from 3% in September. This seems good, but the data might not be reliable. The problem started with the government shutdown in October. This shutdown stopped data collec
Britain's Chancellor of the Exchequer, Rachel Reeves, recently unveiled the government's budget, which seemed to calm both financial markets and Labour Party members. The budget included tax and spending hikes, which were well-received by Labour MPs who had been growing impatient with the government
Investors are feeling the heat as CATL, a big name in battery tech, sees its stock prices dip. The drop comes after a key investor decided to sell off part of their stake. This move has sparked concerns, especially with the U. S. keeping a close eye on Chinese-made energy storage systems. The news
Bitcoin took a tumble recently, dropping below $117, 000. This happened after some crypto bills got stuck in Congress, unable to move forward. It's a big deal because bitcoin had been soaring, hitting record highs thanks to big investors buying into bitcoin ETFs. People were hopeful that new laws wo
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it
