Newly manufactured cars awaiting export are parked at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025.Issei Kato | Reuters When U.S. President Donald Trump won the 2024 presidential election in November last year, markets were in a relatively buoyant mood.Talk of deregulation and tax cuts drove consumer sentiment, while easing inflation led investors to believe multiple Fed rate cuts would come, boosting the stock market. Now, there seems to have been a stark reversal in expectations. Trump’s tariff announcements and, sometimes, walking back on the threats have sent markets on a rollercoaster ride.This comes as investors are…
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Wedbush analysts said Texas Roadhouse is the “primary transaction share gainer” in casual dining right now and raised its price target on shares. The news Wedbush increased estimates for the company’s first and second quarter same-store sales growth, citing a boost in dining out thanks to better weather. A more seasoned staff and faster turnarounds for tables are other factors improving Texas Roadhouse’s operations, analysts said, and also raised their full-year projections. On the flip side of this, Wedbush stayed a bit conservative on 2025 margin estimates. Though Wedbush says they aren’t seeing much risk to 3-4% commodity inflation and 4-5%…
Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said.”We’ve decided to flatten our leadership structure a bit and not fill the head of studios role,” Hopkins wrote. “In line with Amazon’s recent work to streamline reporting lines and accelerate decision making, we felt this was the best direction for our studio, which will now operate…
BOSTON — Misha Mitrofanov broke his embrace of Alisa Efimova and spun her around. Let her see the crowd’s reaction to the moment she was feeling. She covered her mouth with both hands beneath widened, welling eyes as the crowd at TD Garden showered them with an ovation.Their performance Thursday at the figure skating world championships was stunning, literally, to the performer. It was the kind of execution they’d envisioned, fostering a moment they could only imagine — in front of their home fans.Efimova and Mitrofanov, pride of the Skating Club of Boston, earned a 135.59 in Thursday’s free skate…
Torn, folded and stitched, rare tales of Merlin shapeshifting into King Arthur’s court and Sir Gawain gaining power from the sun were bound into a book of property records from the 1500s. They went unnoticed for centuries, stacked among the records of an English manor and then among the millions of volumes of a university library.At least until an archivist took another look, setting off a yearslong project to identify and then reassemble the medieval manuscript, which someone in Tudor England had taken apart and used to help hold together a ledger.The manuscript turned out to be a priceless find:…
Joel Greenblatt, a longtime bargain hunter, doesn’t think value investing deserves its bad rap. The 67-year-old investor, now running Gotham Asset Management, believes that traditional criteria that define “value,” such as price-to-book and price-to-sales ratios, don’t necessarily represent the essence of the philosophy. “We’re very cash flow oriented … the way Morningstar or Russell classified value is not the way we look at value,” Greenblatt said Wednesday at Value Invest conference in New York. “We’re literally valuing businesses, like we’re private equity investors buying the whole business.” By the most commonly used measure, value stocks have been crushed by their…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) The 2-year Treasury note yield is judged to be headed lower in the days and weeks ahead. (Yields move inversely to prices). Against that backdrop, we are buyers of U.S. 2-year Treasury note futures. For those who want to express this view in the equity market, we would buy the iShares 1-3 Year Treasury Bond ETF (SHY) . U.S. 2-Year Treasury note yield iShares 1-3 Year Treasury Bond ETF (SHY) Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge…
Signage is seen outside of the law firm WilmerHale in Washington, D.C., U.S., August 30, 2020. Andrew Kelly | ReutersTwo more law firms sued the Trump administration on Friday over executive orders by President Donald Trump targeting them for employing attorneys who worked on criminal investigations of the president.The lawsuits by WilmerHale and Jenner & Block come weeks after Perkins Coie filed a suit after it was targeted by a Trump order.All three so-called Big Law firms claim in separate civil complaints in U.S. District Court in Washington, D.C., that the retributive orders are clear violations of the U.S. Constitution.Since February,…
FILE PHOTO: Signage is seen outside of the law firm Skadden, Arps, Slate, Meagher & Flom LLP in Washington, D.C., U.S., August 30, 2020. Andrew Kelly | ReutersPresident Donald Trump said Friday that the large law firm Skadden, Arps, Slate, Meagher & Flom has agreed to provide at least $100 million in pro bono legal services to the federal government during the Trump administration.The agreement, which Trump called “essentially a settlement,” allows Skadden, Arps to avoid becoming the sixth elite law firm to be targeted by an executive order from Trump imposing various punishments.Trump last week rescinded one of those executive…
Canadians hold an “Elbows Up” protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025.Carlos Osorio | ReutersCanadians are skipping trips to the U.S. and visitors from other countries could soon follow threatening to deepen the United States’ $50 billion travel deficit.Experts say they’re pulling back for a variety of reasons, ranging from an unfavorable currency exchange rate to the U.S. political climate given President Donald Trump’s trade policies and his public statements on annexing Canada, as well as high-profile detainments of people who already had visas…
