Members of Lovelands Professional Ski Patrol Union along with Eldora Professional Ski Patrol Union protested outside Vail Resorts Headquarters in Broomfield, Colorado on December 30, 2024. RJ Sangosti | Denver Post | Getty ImagesMembers of the Park City Mountain ski patrol in Utah were back at work Thursday after the resort agreed to raise their pay by $2 an hour, ending a 13-day strike that forced long wait times for ski lifts and frustrated hundreds of customers.The new contract, which will stay in effect through 2027, gives entry-level ski patrollers and mountain safety employees a starting salary of $23 an hour, according…
Author: usaeverydaylife
People walk by a Walgreens on Nov. 3, 2024 in Brookline, Massachusetts.Danielle DeVries | CNBCWalgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough spot.Here’s what Walgreens reported for the three-month period ended Nov. 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 51 cents adjusted vs. 37 cents expectedRevenue: $39.46 billion vs. $37.36 billion expectedEven after the big beats, Walgreens maintained its fiscal 2025 adjusted earnings guidance of $1.40 to $1.80 per share.…
Nike could soon improve its fortunes, according to Piper Sandler. The investment firm upgraded shares of the athletic footwear and clothing retailer to overweight from neutral. Piper accompanied the move by lifting its price target to $90 from $72, implying upside of 26%. Shares of Nike are already down 6% on the year, after ending 2024 with a 30% decline. Analyst Anna Andreeva said this negative sentiment, however, could soon flip amid CEO Elliott Hill’s intensified efforts to turn Nike around. NKE 1Y mountain NKE 1Y chart Indeed, Nike’s return to healthy and profitable growth is likely just three to…
Ed Bastian, CEO of Delta Airlines, speaking on CNBC’s Power Lunch on Dec. 17th, 2024.Adam Jeffery | CNBCDelta Air Lines’ first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian said will likely be the carrier’s best ever.Delta said it expects to generate more than $4 billion in free cash this year, up 18% from 2024 and in the mid-point of its annual target of between $3 billion and $5 billion. For the full year, it expects annual adjusted earnings more than of $7.35 per share.”We feel quite…
Various Mercedes-Benz vehicles are assembled in the “Factory 56” production hall.Picture Alliance | Picture Alliance | Getty ImagesCar manufacturers have a number of ways to mitigate the impact of the European Union’s stricter emissions targets, although analysts say all options are likely to come at a significant cost.The prospect of steep fines for failing to comply with the bloc’s new emissions standards has sparked a heated debate within the car industry, particularly given that the sector is currently not on track to achieve this year’s goal.A perfect storm of challenges on the road to full electrification ensured major original equipment manufacturers (OEMs)…
Shiu Ka-chun, a former social worker and pro-democracy lawmaker in Hong Kong who devoted his last years to helping protesters imprisoned after a crackdown on dissent, died Friday in Hong Kong. He was 55.His wife, Kelly Hui, said his death, in a hospital, was due to stomach cancer.As a social worker, civil rights activist and for a time as a legislator, Mr. Shiu pushed for the rights of the marginalized, but his participation in a protest movement landed him in prison. He later emerged as a crucial supporter of those incarcerated in the aftermath of a national security crackdown that…
Tesla launched a revamped version of its Model Y in China.TeslaTesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals.The Model Y will start at 263,500 Chinese yuan ($35,935), with deliveries set to begin in March. A spokesperson for Tesla China said that the new Model Y is only open for pre-sale in the Chinese market, rather than being launched globally.Tesla’s Model Y refresh comes after the auto giant this month reported its first ever annual decline in overall deliveries for 2024.Elon…
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts said.China’s 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest against the U.S. dollar in more than a year.The People’s Bank of China is “trying to cool down the market by suspending gov[ernment] bond buying,” said Larry Hu, chief China economist at Macquarie.The decision “suggests that the PBOC is concerned about the recent rapid decline in…
Stanley Black & Decker’s turnaround looks less and less promising as the bond market revolts against the Federal Reserve’s interest rate cuts. We’re at a crossroads with the stock. Shares of Stanley Black & Decker continue to underperform despite the Investing Club’s long-held belief that a rebound in the housing market would follow Fed monetary policy easing. In fact, Stanley Black & Decker has declined more than 21% since the central bank delivered its first rate cut of the cycle on Sept. 18. The Fed’s other two rate reductions — in November and December — haven’t helped either. “I would…
The Pentagon’s detention operation at Guantánamo once held hundreds of men who were captured by U.S. forces and their allies in the war against terrorism. Now there are just 15 prisoners as the prison enters its 24th year.President George W. Bush opened and filled it. President Barack Obama tried to close it but couldn’t. President Donald J. Trump said he would load it up with “bad dudes” and didn’t. And President Biden said he wanted to finish the job Mr. Obama started but will not be able to do it.Unless Congress lifts a ban on the transfer of Guantánamo prisoners…
