After growing the initiative to 51 clinics in five states, the company says, ‘
Author: insighter
The Environmental Protection Agency said Tuesday it has finalized a ban on consumer uses of methylene chloride, a chemical that is widely used as a paint stripper but is known to cause liver cancer and other health problems. The EPA said its action will protect Americans from health risks while allowing certain commercial uses to continue with robust worker protections. The rule banning methylene chloride is the second risk management rule to be finalized by President Joe Biden’s administration under landmark 2016 amendments to the Toxic Substances Control Act. The first was an action last month to ban asbestos, a carcinogen that kills…
A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors “100% downside protection” against the index’s losses over a one-year outcome period, according the firm’s news release. Calamos’ head of ETFs Matt Kaufman helped build the new product. “There’s no tricks. There’s no magic,” he told CNBC’s “ETF Edge” on Monday. “This is the secret sauce.” Kaufman explained the new ETF enters into three options positions. Investors in the fund are subject to limits on the extent to which they…
Social media, which popularized concepts such as loud budgeting and cash stuffing, can be a great place to get new ideas about how to manage your money. But endless scrolling can also lead to envy, romanticizing unattainable goals and exposure to faulty advice. “Lots of bad information is delivered over social media that’s just inaccurate,” says Kristy Archuleta, professor of financial planning, housing and consumer economics at the University of Georgia. “It’s hard for someone who may not have had a lot of life experience or financial knowledge to be able to navigate what’s accurate and what’s not.” To find…
Walmart’s new private label brand, Bettergoods, doesn’t look like what you might expect a Walmart private-label brand to look like. And that’s entirely the point. The discount retailer is pitching the new brand to shoppers looking for “elevated culinary experiences,” according to the company. With a vivid and colorful new brand identity that has the looks, messaging, and product offerings of more premium competitors, the goal, says Walmart vice president of creative and design David Hartman, was to create a brand that’s “as desirable as the leading national brands.” Dress for the job you want; brand for the customer you…
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. The coffee chain also slashed its forecast for its fiscal 2024 earnings and revenue, predicting that its cafes would keep underperforming for several quarters. Shares of the company fell 12% in extended trading. “In a highly challenged environment, this quarter’s results do not reflect the power of our brand, our capabilities or the opportunities ahead,” CEO Laxman Narasimhan said in a statement. “It did not meet our expectations, but…
An Amazon worker walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022. Stefani Reynolds | Afp | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares gained nearly 2% after the company beat on both top and bottom lines. Amazon posted earnings of 98 cents per share on $143.31 billion in revenue. Analysts surveyed by LSEG had forecast earnings of 83 cents per share on $142.5 billion in revenue. The advertising and Amazon Web Services segments also topped expectations. However, the company’s second-quarter revenue forecast was shy of estimates. …
If you’re in the market for a home, you might wonder how you’ll be affected by a class-action lawsuit involving real estate agents and commissions. On April 23, a judge granted preliminary approval to the settlement proposed in March by the National Association of Realtors, which means new rules are on track to go into effect in July or August. None of which means you have to suspend your home search. Here’s what to know about working with a buyer’s agent this season. What are the new rules? In the lawsuit Burnett v. National Association of Realtors et al., a…
Coca-Cola sales are flat, but its profits are fizzy. The beverage behemoth posted $11.30 billion in first-quarter revenue on Tuesday, exceeding Wall Street’s $10.96 billion expectations, even as it grappled with a modest case volume growth of only 1%. The company introduced Happy Tears Zero Sugar and an accompanying “hype kit” available only on TikTok Shop to grow its online audience and signed a five-year deal with Microsoft this month to use cloud-computing software Azure to aid in marketing and streamlining operations and cost management. But innovation isn’t what Coca-Cola has to thank for its resilience. Instead, the company owes…
Musk cuts loose an entire division, including senior director Rebecca Tinucci and her team working on charging infrastructure.
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for the current quarter. AMD shares dropped 3% in extended trading. Here’s how it did versus LSEG consensus expectations for the quarter ending in March: Earnings per share: 62 cents adjusted versus 61 cents expected Revenue: $5.47 billion vs. $5.46 billion expected. AMD said it expects…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2024. Brendan Mcdermid | Reuters The volatility in the bond market has had equity investors on their toes for months, but at what point will rising yields spoil stocks’ 2024 rally? The answer is 5% on the 10-year Treasury yield, according to Goldman Sachs. In a new 19-page paper using market data since the 1980s, the Wall Street firm said when that threshold is reached, the correlation between bond yields and stocks turns negative. “While there is no ‘magic number’, historically…