In a notable performance, Parke Bancorp, Inc. (PKBK) stock has reached a 52-week high, touching $21.14. This peak reflects a significant uptrend for the bank holding company, which has seen its shares surge by 23.53% over the past year. Investors have shown increased confidence in Parke Bancorp’s financial health and growth prospects, propelling the stock to this new high. The company’s robust year-over-year change underscores its strong position in the market, as it continues to navigate the dynamic banking landscape. In other recent news, New Jersey’s commercial bank, Parke Bancorp, Inc., has announced an upcoming stock repurchase program. The program,…
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Xinhua News Agency/Getty, Tony Cordoza/Getty, Issarawat Tattong/Getty, Tyler Le/BIIt’s all but guaranteed that the Federal Reserve will cut interest rates this week.It comes after years of aggressive inflation fighting from the central bank.While it will take time to feel the impact of the cuts, lower rates will have benefits.The time has finally come: Americans are about to find out how big of an interest-rate cut they’ll be getting this week.On Wednesday, the Federal Open Market Committee will announce its next move on interest rates, and it’s all but certain the nation’s central bank will cut for the first time in…
Harley Davidson’s 2024 Street Glide and Road Glide, revealed in January, have already gained popularity as premium touring motorcycles. Now, the brand has expanded its customization options to enhance these bikes further. From individual components to complete packages, these accessories allow owners to create a unique riding experience. Forged wheels made of aerospace grade aluminum in a split spoke design are available in multiple color options. Rockford Fosgate sound systems, including a subwoofer option, provide immersive audio. Luggage options offer ample storage, and custom seats, windshields, and controls cater to individual preferences. 2024 Harley Davidson Street and Road Glide (Harley…
In July, U.S. retail sales rose 1% from the previous month, exceeding economists’ forecasts of a 0.3% gain. However, Bath & Body Works, Inc. (BBWI) has lagged behind the overall specialty retail sector’s growth. Despite the broader Consumer Discretionary Select Sector SPDR Fund (XLY) being up about 4% so far this year, BBWI has seen its shares fall more than 30% year-to-date. This decline is significant, especially compared to the sector’s modest growth. In this article, we’ll examine Bath & Body Works’ recent earnings to gauge its performance and discuss its turnaround efforts. With more than 1,700 stores across the…
The classic muscle car often ends its journey in a parts yard, its story a tale of unfinished repairs and life’s interruptions. However, some of these tales have happy endings, and this 1970 Dodge Charger is one of them. This Mopar, owned by the same family since new, still roams the streets in 2024. But it almost didn’t make it. Like many classics from the golden era, this blue hardtop spent significant time off the road. The Charger’s journey began in 1969 when it was purchased by the original owner’s brother. The brother enjoyed driving the car for several years…
Image source: Getty Images Each year, I get a £20k limit on contributions to my Stocks and Shares ISA. I don’t have to fully use it, or invest in a particular type of stock. However, when looking at the passive income potential, it got me thinking. If I was able to put £20k each year in top dividend shares, how could things end up? Here was what I figured out after doing my homework. Reasoning things out One of the benefits of this strategy via my ISA is that I don’t have to worry about dividend tax implications. Any income…
(Bloomberg) — Boeing Co. said it’s instituting a range of cost-cutting measures as the planemaker prepares for a drawn-out and expensive strike by workers at its main hub near Seattle, including a hiring freeze and temporary furloughs “for many employees.”Most Read from BloombergChief Financial Officer Brian West laid out the steps in a memo to employees shared with Bloomberg News, in which he informed workers of the necessary and “immediate” actions to support the company’s recovery.The sweeping measures also include a halt of non-essential travel, pausing any pay increase associated with promotions, cutting back outlays for air shows and charitable…
Hoonigan, the company founded by the late Ken Block, has filed for bankruptcy. The company, renowned for its exhilarating stunts and rally car competitions, seeks to eliminate its substantial $1.2 billion debt within a two month timeframe. Block, a visionary of rally driving, established the Monster World Rally Team in 2010 to compete at a global level. Over the years, he achieved remarkable success, including multiple podium finishes in both the World Rally Championship and World Rallycross Championship. Despite its impressive achievements, Hoonigan has encountered financial challenges, leading to the recent bankruptcy filing. The company’s bankruptcy declaration comes just one…
Traders work on the floor at the New York Stock Exchange on Sept. 9, 2024.Brendan Mcdermid | ReutersThe S&P 500 inched lower Monday as investors await the Federal Reserve’s highly anticipated policy meeting, during which central bankers are expected to cut rates for the first time since 2020. Meanwhile, the Dow Jones Industrial Average rose to a new all-time high.The S&P 500 pulled back 0.1%. The tech-heavy Nasdaq Composite shed 0.8%. Meanwhile, the 30-stock Dow added 119 points, or 0.4%.Apple shares declined 3% after analysts at firms, including Bank of America and JPMorgan, noted that shipping times could point to…
Dividends are regular payments companies make to their shareholders from their profits. Dividend stocks are shares in these companies that consistently pay out dividends. These stocks are often associated with mature, stable companies that have steady cash flows. Investors can receive dividends as cash or reinvest them to buy more shares. Dividend stocks are popular among income-seeking investors and those looking for stability. Investing in dividend stocks can offer several benefits. They provide a steady income stream, which is particularly appealing during market downturns. Many dividend-paying companies have a history of increasing their payouts over time. This can lead to…