US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path forward for interest rates. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each claimed new records after finishing the session up about 0.1% and 0.4%, respectively. The Dow Jones Industrial Average (^DJI) recovered from session lows but still closed down nearly 0.2%. Job openings in October rose by 372,000 to 7.74 million compared to estimates of 7.52 million, according to BLS data released on Tuesday. The Job Openings and Labor Turnover Survey (JOLTS) also showed fewer hires were made during the…
Author: user
By Jody Godoy (Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to its platform without their consent and deceiving drivers about pay. The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought a $140 million judgment against the company, but reduced it to what Grubhub is able to pay, they said. If Grubhub is found to have misrepresented its financial position, the full penalty will apply. A Grubhub spokesperson said on Tuesday that, “while we categorically deny…
Buildings in Auckland, New Zealand, on Tuesday, Sept. 13, 2022. Photographer: Fiona Goodall/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesNew Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for more aggressive rate cuts.The shock news sent the local dollar to a fresh two-year low of $0.5614, having already shed 2.2% in the wake of a hawkish easing from the U.S. Federal Reserve.Markets added to wagers the Reserve Bank of New Zealand would slice rates further, having already cut by 125 basis…
David Michael Barrett, the Chief Executive Officer of Expensify , Inc. (NASDAQ:), recently executed several transactions involving the company’s Class A Common Stock. According to a Form 4 filing with the Securities and Exchange Commission, Barrett sold shares totaling $616,487 over several days. These transactions come as the stock has shown remarkable strength, with InvestingPro data showing a 201% surge over the past six months, though technical indicators suggest the stock may be in overbought territory. On December 16, Barrett sold 13,272 shares at a weighted average price of $3.84, generating $50,933. The following day, December 17, he sold an…
MOBILE, Ala. (WALA) – What do Girl Math, Cash Stuffing and Loud Budgeting have in common? They are all personal finance “strategies,” emerging from an unlikely source – social media.We’re not living in our parents’ ledger books anymore, when talking about money was taboo and everyone managed their finances behind closed doors. Rather than getting money-saving tips from a weekly column or learning to balance a checkbook in Home Ec, today’s personal finance decisions are being guided by strangers on the internet. And, experts say, that’s not a bad thing. It’s called #FinTok, an umbrella hashtag used to categorize all…
U.S. stocks plummeted in one of their worst days of the year after the Federal Reserve forecast Wednesday it may deliver fewer shots of adrenaline for the economy in 2025 than it had earlier projected. The S&P 500 fell 178 points, or 3%, pulling it further from its all-time high set a couple weeks ago. The Dow Jones Industrial Average lost 1,123 points, or 2.6%, while the Nasdaq composite dropped 3.6%.The Fed said Wednesday it’s cutting its benchmark interest rate for a third time this year, continuing the sharp turnaround begun in September when it started lowering rates from a…
The sale was conducted to cover taxes associated with the settlement of Restricted Stock Units. Following this transaction, Mullen (NASDAQ:) holds 182,096 shares directly. According to InvestingPro, Guidewire (NYSE:) maintains a “GOOD” financial health rating, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report. According to InvestingPro, Guidewire maintains a “GOOD” financial health rating, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report. The sale was conducted to cover taxes associated with the settlement of Restricted Stock Units. Following this transaction, Mullen holds 182,096 shares directly. In other recent news,…
FORT LAUDERDALE, FL—Frederick G. Thiel, the Chief Executive Officer of MARA Holdings, Inc. (NASDAQ:MARA), recently sold a significant portion of his holdings in the company. According to InvestingPro data, MARA has demonstrated strong momentum with impressive returns over the past three months, despite showing high price volatility. According to a filing with the Securities and Exchange Commission, Thiel sold 27,505 shares of common stock on December 16, 2024. The shares were sold at a price of $23.50 each, amounting to a total transaction value of approximately $646,367. Following the sale, Thiel retains ownership of 4,128,090 shares in the company. This…
Frank Slootman, a director at Snowflake Inc . (NYSE:), recently sold 6,714 shares of the company’s Class A common stock. The transaction, which took place on December 17, involved shares sold at a price of $171 each, amounting to a total of approximately $1.15 million. This sale was conducted under a 10b5-1 trading plan established earlier this year. The company, currently valued at $53.87 billion, has shown strong momentum with a 33.86% price return over the past six months. According to InvestingPro analysis, the stock is trading near its Fair Value, with 33 analysts recently revising their earnings expectations upward.…
New York, New York–(Newsfile Corp. – December 18, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DMC Global Inc. (NASDAQ: NASDAQ:) between May 3, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 4, 2025 lead plaintiff deadline. SO WHAT: If you purchased DMC Global securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the DMC Global class action, go to https://rosenlegal.com/submit-form/?case_id=32173…