Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.
Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April.
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April.
RapidEye/E+ via Getty Images Introduction The Federal Reserve has a long-term goal of targeting a 2.0% annual inflation rate. A 2.0% rate is low enough that it doesn't significantly impact purchasing power, yet high enough to reduce the risks of deflation. Inflation has been a primary focus of consumers and policymakers because it has exceeded the target rate for an extended period of time. The pe...
RapidEye/E+ via Getty Images Introduction The Federal Reserve has a long-term goal of targeting a 2.0% annual inflation rate. A 2.0% rate is low enough that it doesn't significantly impact purchasing power, yet high enough to reduce the risks of deflation. Inflation has been a primary focus of consumers and policymakers because it has exceeded the target rate for an extended period of time. The persistently high rate of inflation is causing a financial strain for many consumers. The chart below shows how grocery prices have climbed more than 25% over the past five years. Grocery Price Index Packaged goods, meats, and frozen goods have led the charge, climbing 41%, 34%, and 29%, respectively. To combat this, the Fed has been vigilant in trying to bring inflation under control. The New Fed Chair May Change How Inflation Is Measured The Fed has been using the Personal Consumption Expenditure (PCE) Index since 2000 as their primary measure of inflation. At that time, they switched from using the Consumer Price Index (CPI) because PCE covers a broader array of prices, has its weightings updated more frequently, and is less volatile. In short, PCE was viewed as a better measure of inflation for a larger segment of the U.S. population. The Fed further refined their measure of inflation by focusing on Core PCE, which excludes the volatile components of food and energy. By removing those elements that are affected by temporary shocks, the core measure provides a better indicator of the underlying long-term inflation trend. At his confirmation hearing last month, incoming Fed Chair Kevin Warsh was quizzed about inflation. He agreed that over the past 5 years inflation has exceeded the Fed's 2% target and that the Core PCE is currently around 3%, 1% above target. However, when asked whether or not the tariffs imposed over the past year contributed to that excess in inflation, he pushed back. Warsh stated that: The data being used on inflation is imperfect…the Fed needs to try ...
Global Payments ( GPN ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 1.37% Payable June 26; for shareholders of record June 12; ex-div June 12. See GPN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Global Payments Global Payments: Cheap For A Reason Or Turnaround In The Making? Global Payments: Significantly Undervalued But Affected By The Persian Gu...
Global Payments ( GPN ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 1.37% Payable June 26; for shareholders of record June 12; ex-div June 12. See GPN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Global Payments Global Payments: Cheap For A Reason Or Turnaround In The Making? Global Payments: Significantly Undervalued But Affected By The Persian Gulf Conflict Shift4 Vs. Global Payments: Which Is The Better Recovery Play? Global Payments trades higher on Q1 earnings beat, capital return plan Global Payments Non-GAAP EPS of $2.96 beats by $0.15, revenue of $2.86B beats by $40M
andresr/E+ via Getty Images U.S. drivers are heading into what could be a costly summer at the pump, with gasoline prices hovering near $4.50 a gallon and little relief in sight, according to a May 6 report from Bank of America Securities. Regular gasoline prices have climbed sharply from $2.98 per gallon on Feb. 27, the day before the Iran war began, to about $4.48, highlighting how geopolitical ...
andresr/E+ via Getty Images U.S. drivers are heading into what could be a costly summer at the pump, with gasoline prices hovering near $4.50 a gallon and little relief in sight, according to a May 6 report from Bank of America Securities. Regular gasoline prices have climbed sharply from $2.98 per gallon on Feb. 27, the day before the Iran war began, to about $4.48, highlighting how geopolitical tensions have rippled through energy markets and into household budgets. Stephen Juneau, U.S. economist at Bank of America Securities, said futures markets suggest the pain may persist well into the summer driving season. Based on current crude oil contracts, gasoline prices are likely to remain around $4 per gallon in the coming months. “Futures prices for crude suggest that consumers may not see meaningful relief for a while,” Juneau wrote, noting that a simple regression model points to sustained elevated prices through the summer. Inelastic demand keeps spending elevated Despite the steep rise in prices, consumers have continued to spend heavily on gasoline, reflecting the essential nature of fuel demand. Unlike discretionary purchases, gasoline consumption tends to be relatively inelastic, meaning higher prices do little to curb usage in the short term. That dynamic is already translating into increased spending at the pump, which could crowd out other forms of consumption as households adjust to higher energy costs. Economic resilience faces another test While elevated fuel prices are expected to weigh on consumer spending, Bank of America’s base case remains relatively constructive on the broader economy. Juneau said the U.S. economy should be able to “muddle through” the pressure from higher gasoline costs, even as they act as a modest drag on growth. Still, the timing presents a challenge. The expected persistence of $4 gasoline coincides with the peak summer driving season, when demand typically rises, amplifying the financial impact on households. The outlook und...
Kongsberg Gruppen press release ( NSKFF ): Q1 revenues of NOK 9,234M, an increase of 26% compared to the first quarter of 2025. EBIT of NOK 1,537M, up from NOK 989M in the first quarter of 2025. EBIT margin of 16.6% in the quarter. Order backlog increased by NOK 17,060M, bringing the order backlog to NOK 151,975M. More on Kongsberg Gruppen ASA Kongsberg Gruppen ASA (KBGGY) Q1 2026 Earnings Call Tr...
Kongsberg Gruppen press release ( NSKFF ): Q1 revenues of NOK 9,234M, an increase of 26% compared to the first quarter of 2025. EBIT of NOK 1,537M, up from NOK 989M in the first quarter of 2025. EBIT margin of 16.6% in the quarter. Order backlog increased by NOK 17,060M, bringing the order backlog to NOK 151,975M. More on Kongsberg Gruppen ASA Kongsberg Gruppen ASA (KBGGY) Q1 2026 Earnings Call Transcript Kongsberg Gruppen ASA 2026 Q1 - Results - Earnings Call Presentation Kongsberg: Correction In 2026 BofA shifts European defense picks toward missile, drone tech Historical earnings data for Kongsberg Gruppen ASA
Sign up now! Sign up now! Sign up now? Sign up now! While the match itself may not have been up to much, the spectacle and occasion of Arsenal’s win over Atlético Madrid on Tuesday night made it a unique and memorable evening in the club’s history. Pre-match smoke and pyro provided the soundtrack to the raucous welcome their players received as they arrived on the team coach. The rabble-rousing Ov...
Sign up now! Sign up now! Sign up now? Sign up now! While the match itself may not have been up to much, the spectacle and occasion of Arsenal’s win over Atlético Madrid on Tuesday night made it a unique and memorable evening in the club’s history. Pre-match smoke and pyro provided the soundtrack to the raucous welcome their players received as they arrived on the team coach. The rabble-rousing Over Land and Sea tifo couldn’t have looked less like its dismal, forlorn-cannon-on-a-bedsheet counterpart of yore. The unifying roar that greeted Arsenal’s gladiators as they strode out from the bowels of the colosseum they call home was off the scale. It was as if a sizeable proportion of match-going Arsenal fans had finally twigged there’s more to supporting your team than turning up five minutes before kick-off and sitting in nervous near-silence for 90 minutes. “We felt it,” cooed Bukayo Saka , in a post-match interview with the CBS Bigger Cup B@nter Show. “Since we were on the coach, I’ve never seen the Emirates like this in my whole career. It was so special. When the game started, they pushed us. It was just a beautiful moment.” Continue reading...