Author: starbpo

Tyreshia Morgan wasn’t planning to have an interview that day. A few hours before, a hiring manager from a big tech company called to ask if she could come in that afternoon to interview for a job as an office manager. Morgan didn’t wear a jacket because it was almost 100 degrees in San Antonio. Instead, she wore a white top, a cardigan that matched, and black shorts. Morgan, 28, told MarketWatch, “I just grabbed what was close by.” “I said to myself, ‘I still look great.'” That night, she put up a video on TikTok with the words “The…

Wayfair W -2.37% stock was mostly flat on Monday after an analyst lowered the home furnishings store’s shares because they were worried about how it would do in the near future in a tough housing market. On Monday, John Staszak, an analyst at Argus Research, turned shares of Wayfair W -2.37% from Buy to Hold without giving a price goal. In a study note, Staszak said that the company will have a hard time in the near future because the housing market is bad. “High interest rates and fewer home sales make the company’s prospects look bleak right now,” Staszak…

In the past few weeks, mortgage rates have dropped a lot because people think the Federal Reserve will soon lower interest rates. The longer-term Treasury yields TMUBMUSD10Y have gone down by 3.843% because of this. At the same time, the interest rate on new 30-year fixed-rate mortgages has dropped to about 6.5%, which is the lowest level since May 2023. Still, it hasn’t been enough to get people excited about buying homes. David Doyle and Chinara Azizova, two experts at Macquarie in North America, say that buying conditions are still “extremely stretched” when it comes to down payments and affordability.…

Israel said it attacked Hezbollah before they could attack, so early Sunday morning they fired a wave of rockets and drones across southern Lebanon. Hezbollah said they were doing this to get back at Israel for killing one of their top leaders last month. A heavy exchange of fire made it look like an all-out war might break out, involving the US, Iran, and militant groups from all over the area. It could also make it impossible to reach a peace agreement in Gaza, where Israel has been at war with Hezbollah-backed Hamas for more than 10 months. By the…

NASA said Saturday that astronauts Butch Wilmore and Suni Williams will return to Earth with SpaceX since their Starliner ship had problems on the way to the International Space Station. According to NASA Administrator Bill Nelson, Butch and Suni will return with [SpaceX’s] Crew 9 next February, while Starliner will return without any crew. Nelson said this at a press meeting on Saturday afternoon. “Be aware that Boeing and NASA have put in a lot of work to gather the information we need to make this choice.” The head of NASA said that Starliner is “an important part” of how…

In Italy, a superyacht sank in a storm off the coast of Sicily, killing seven people, including British tech mogul Mike Lynch and his daughter. On Saturday, prosecutors said they were looking into culpable shipwreck and multiple manslaughter. Termini Imerese prosecutor Ambrogio Cartosio stated that the investigation has begun but that no suspect has been found yet. “The investigation is still in its early stages.” “Right now, we can’t rule out any kind of development,” he told reporters at a news conference. Cartosio said that his team will carefully think about all the possible areas of duty, such as those…

Pumpkin-spice drinks from Starbucks are very popular in the United States. But no matter how popular the drink is, can it save the coffee chain’s failing finances by itself? That’s the question some people might have after what’s happened lately. The popular fall-themed drink is back on the chain’s menu for the 21st year as of Thursday. But what’s more important is that Starbucks has a new CEO starting September 9: Brian Niccol. Wall Street sees this as a good sign after the chain’s recent poor performance. There’s no doubt that the pumpkin-spice latte, or PSL as its fans call…

The largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco COST0.19%. On the other side are antitrust regulators from the Federal Trade Commission, who say the merger would eliminate competition and raise grocery prices in a time of already high food price inflation. Starting Monday, a federal district court judge in Portland, Oregon, will consider both sides and decide whether to grant the FTC’s request for a preliminary injunction. An injunction would delay the merger…

Want to really feel like you’ve made it? That will cost you two million dollars. To be exact, at least $2.5 million in net worth is what most Americans say it takes to be considered rich. This is according to Charles Schwab’s most recent Modern Wealth Survey. The amount is a few hundred thousand dollars more than it was last year: People set the limit at an average of $2.2 million in 2023 and 2022. “The amount of money is going up,” said Rob Williams, who is in charge of financial planning at Charles Schwab. “That’s not likely to change.”…

Fans of Nvidia Corp. may be hoping that the company will once again report strong results that will send its stock to all-time highs. The options market seems to be saying, “Don’t move so quickly.” The semiconductor company, which is a stand-in for the AI boom, will release its fiscal second-quarter data after the market closes on August 28. Bespoke Investment Group says that for the past six quarters, the company has raised its profit and sales estimates and given positive guidance. Last week, the day after first-quarter results came out, the stock NVDA 4.55% rose 9.3% and closed at…