McDonald’s and Others Face New Rule That Could ‘Destroy the Franchise Model,’ Company Says
The National Labor Relations Board (NLRB) proposes a new rule that expands the "joint employer" definition, potentially making franchisors liable in labor disputes and bringing them to the bargaining table with unions. This rule could have significant implications for...
ZOOM NASDAQ:ZM Q2 2023 Earnings Key Points.
In Q2, Zoom reported a total revenue of $1.139 billion, representing a 4% year-over-year growth. The Enterprise business accounted for 58% of the total revenue, and the company saw an increase in the number of Enterprise customers. Zoom's non-GAAP gross margin for Q2 was 80.3%, demonstrating a strong...
- 💹 Chinese stocks and yuan surged after leaders pledged policy support for post-COVID recovery.
- 🏙️ Beijing to focus on expanding domestic demand and preventing risks.
- 📈 Tech giants and property developers' shares rose significantly.
- 💸 Foreign investors bought nearly net 19 billion yuan ($2.66 billion) of Chinese shares.
- 🛢️ Other sectors saw gains between...
Slide 1 - Investment Thesis
Global leader in alternative accommodations with strong growth prospects
Benefits from network effects and high barriers to entry
Rapidly recovering from pandemic, financials exceeding pre-Covid levels
Significant runway for continued expansion in massive addressable market
Slide 2 - Financial Performance
- Revenue grew 70% in 2021...
Australian shares are set to open marginally higher on Tuesday, likely boosted by gold and mining stocks on the back of strong underlying prices, while investors exercised caution ahead of a key U.S. inflation reading later in the week.
The local share price index futures (YAPcm1) rose 0.6%, a 2.0-point premium to the underlying S&P/ASX 200 index
The Japanese yen traded just north of 140 against the U.S. dollar on Monday, after the currency breached that level at the end of last month for the first time since November.
Last year, Japan’s Finance Ministry intervened to prop up the yen on three separate days: Sept. 22, Oct. 21 and Oct. 24 — as the currency notched 150 against the greenback, weakening to...
** S&P 500 SPX loses 1.2% as rate hike worries return
** Nasdaq Composite IXIC sheds 0.9%: For bears, did X mark the spot?
** This, as traders eye tech amid fears of a double top
** Nearly every sector steps back: healthcare off most, while just real estate makes some progress
The dollar drifted near the middle of its range of the past three weeks against major peers on Wednesday, as traders looked ahead to the release of minutes from the Federal Reserve's latest meeting for clues about the path for monetary policy.
The dollar index
- which measures the currency against a basket of six major peers, including the euro and yen -...
Chicago wheat tried to stage a Thursday recovery but faded a dime from the earlier highs to close 2 1/4 to 3 1/2 cents in the red. Spring wheat prices also faded 5-9 cents from their intra-day highs, but held onto 3 3/4 to 7 1/4 cent gains for the close. HRW futures extended the week’s pullback with another 5 3/4 to 7 1/2 cent losses on Thursday.
U.S. STOCKS END LOWER IN WEEK DOMINATED BY POWELL AND RATE WORRIES (1600 EDT/2000 GMT)
Wall Street ended lower on Friday, weighed down by losses Microsoft
and other tech titans as investors assessed the likely path of Fed interest rate hikes and the risk of a recession.
This week's trading was dominated by U.S. Federal Reserve Chairman...
Wheat market is facing both bullish and bearish news, creating risks for traders and emphasizing the importance of risk management.
Hard red winter wheat crop is shorter than both USDA projections and trade expectations, but news of overpriced wheat in the US and milling wheat from Europe entering the market created bearish sentiment.
China stocks eased 0.01%, while Hong Kong's Hang Seng Index
HSI opened up 0.3%. China's sputtering post-COVID-19 economic recovery has weighed on stocks, with investors pinning their hopes on more policy stimulus as weak manufacturing and exports hurt the broader outlook this year.
Taiwan Semiconductor Manufacturing or TSMC
opened Advanced Backend Fab 6, a packaging and testing fabrication plant located in Zhunan Science Park, Miaoli, northern Taiwan, according to a Thursday press release.
The facility, which commenced construction in 2020, was built to mass-produce the company's SoIC (System on Integrated Chips) process...
TSMC is the world's largest contract chipmaker, and it is well-positioned to benefit from the growing demand for semiconductors. The company has a strong track record of innovation and growth, and it is investing heavily in new technologies to stay ahead of the competition.
TSMC is also benefiting from the trend of chipmakers moving their production to Taiwan....
China kept its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more signs of recovery from a pandemic-induced slump.
The Bank of England’s dramatic intervention in government bonds has ignited a global bounce from stocks to debt, underscoring how every asset remains at the mercy of monetary officials in crisis-fighting mode. After British policymakers pledged a fresh round of debt buying, the S&P 500 surged 2% in its best rally since 2020. But we’re not out of the woods yet. For...