Economists are predicting that the March jobs report, set to be released this week, will show a slower pace of hiring compared to previous months. This is due to various factors, including the impact of the ongoing pandemic on businesses and the economy.
According to a recent report by one Wall Street analyst, Palantir’s stock is expected to drop by 13% in the near future. This news has sent shockwaves through the investing community, as Palantir has been a popular stock among retail investors.
The Dow Jones Industrial Average closed 1% lower on Tuesday, with Apple leading the decline as the tech giant’s stock tumbled due to concerns over iPhone sales. Warren Buffett’s Berkshire Hathaway also faced risks after its investment in Apple took a hit. Investors closely monitored the situation as Federal Reserve Chair Jerome Powell’s testimony loomed.
President Biden is taking action to address the rising costs faced by Americans by targeting corporate practices that contribute to financial strain. By distributing relief funds to support working families, the administration aims to alleviate the burden of high prices on necessities such as food, housing, and healthcare.
The Food and Drug Administration (FDA) has announced that yogurt manufacturers can now make a limited claim that their products may help lower the risk of type 2 diabetes. This new ruling comes as a result of a comprehensive review of scientific evidence supporting the potential health benefits of yogurt consumption.
Palo Alto Networks, a leading cybersecurity company, refuted claims that it had lowered its guidance due to lack of demand.
Chinese electric vehicle giant BYD has recently announced the launch of its newest plug-in hybrid sedan, offering consumers a lower starting price than its predecessors. The new model is set to revolutionize the market with its cutting-edge technology and eco-friendly features.
Lower-than-expected Q2 earnings report raises concerns
Instacart, the leading grocery delivery platform, experienced a drop in its stock price as concerns of a potential sell-off began to circulate. This development comes amidst a challenging landscape for the company, as it faces intensified competition from established players and emerging startups in the online grocery sector.
The latest data released by the Office for National Statistics (ONS) reveals that the UK’s inflation rate has remained stable at 4% for the month of September. This figure comes as a relief to economists and policymakers, as it is lower than the expected increase.
