Mexico's inflation rate experienced a slowdown in the first half of September, reaching its lowest level since February 2021, according to the National Statistics Institute. The consumer price index increased by 0.25% in the first two weeks of the month, with a year-on-year rise of 4.44%. In comparison, the 12-month inflation rate stood at 4.64% by the end of August. Meanwhile, … [Read more...] about Mexico’s Inflation Eases in September
Warning Signs in S&P Semiconductors Index
The S&P Semiconductors Select Industry Index is experiencing a significant downturn, and this could spell trouble for the overall stock market. Breaking the Trend Both in terms of price and relative strength, the index has reached its peak. What's more concerning is that it has now broken the uptrend that started from its low in October. An Important Indicator Unlike … [Read more...] about Warning Signs in S&P Semiconductors Index
CarMax Stock Upgraded to Outperform
Analyst Seth Basham Raises Price Target Wedbush analyst Seth Basham has upgraded his rating on CarMax's stock to Outperform, with a revised price target of $90. This comes ahead of the company's fiscal 2024 second-quarter earnings results. CarMax's stock (ticker: KMX) was trading nearly 2% higher at $78.07 in premarket trading. Recovery Amidst Challenging Year Like many players … [Read more...] about CarMax Stock Upgraded to Outperform
Waste Management Union Members Approve Five-Year Agreement
Members of Teamsters Local 731 at Waste Management in Chicago have voted in favor of a five-year agreement. With a significant majority of 2-to-1, it is the most comprehensive deal ever negotiated by the 450-worker group. The agreement includes various provisions aimed at enhancing benefits, contract language, and working conditions. Expanding Negotiations with Other Waste … [Read more...] about Waste Management Union Members Approve Five-Year Agreement
Close Brothers Group Reports Decrease in Operating Profit
The operating pretax profit of Close Brothers Group, a U.K. merchant banking group, has more than halved in fiscal 2023. This decline is primarily attributed to provisions made in the first half of the year related to its subsidiary, Novitas Loans. Despite this setback, the company saw improved performance in the second half. Operating Pretax Profit Close Brothers Group … [Read more...] about Close Brothers Group Reports Decrease in Operating Profit
