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What to look for when Fastenal Company (FAST) reports Q2 earnings
Fastenal Company (NASDAQ: FAST), a leading industrial supplier focused on fasteners, has stayed broadly unaffected by the manufacturing slowdown caused by economic uncertainties. The company, which operates through its extensive store network and onsite locations, has a good track record of effectively navigating economic cycles.
Fastenal’s stock has grown 23% since the beginning of the year,…
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Foreplay | Smart Ad Workflow
In today’s digital age, advertising has become a crucial component of marketing strategies for brands and agencies. With platforms like Facebook and TikTok offering extensive advertising opportunities, it is essential for businesses to create compelling and effective ad campaigns. However, managing and organizing ads can be a daunting task, leading to inefficiencies and missed opportunities. This…
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Fintech foundations for Entrepreneurs
A comprehensive course, that explore the fascinating realm of fintech, covering key concepts, strategies, and practical applications that will equip you with the knowledge and skills to thrive in this dynamic field.
Whether you're a seasoned finance professional looking to stay ahead of the curve, an aspiring entrepreneur with innovative fintech ideas, or simply someone curious about the…
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Jobs Growth Slips to 209,000, but Near-Term Interest Rate Path Still Seen Higher
(Friday market open) June jobs growth cooled to 209,000, the Labor Department said Friday—well below market expectations and in contrast to a sizzling private jobs market report that sent Treasury yields soaring yesterday as investors worried about future interest rate hikes.
The government’s June Nonfarm Payrolls report also downwardly revised jobs growth in the last two monthly reports,…
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To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48
During the three years after World War II, Germans—facing a ruined economy and wildly depreciating currency—turned to cigarettes as a medium of exchange on a massive scale. Allied occupation authorities strictly forbade this black-market currency exchange, but it literally saved the lives of many German civilians—and inadvertently made many American GIs rich.
The cigarette had already made its…
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B-Stock's Summer Teammate Spotlight: Meet Aaliyah Woodberry
B-Stock is so excited to welcome Aaliyah Woodberry to the HR team this summer! As a summer teammate, we know Aaliyah will be an incredible asset to the company. Aaliyah is currently studying History at Ohio State University. Learn a bit more about Aaliyah and see her answers to some questions below.
1. What are you most excited to learn at B-Stock?
I am very excited to learn how the process of…
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EV jolts: Rivian Automotive could break free of exclusivity deal with Amazon
Spencer Platt
Rivian Automotive (NASDAQ:RIVN) soared more than 30% over the week after Q2 deliveries came in higher than analysts expected, and the electric vehicle maker said it is on track to hit its full-year target of 50K deliveries.
Crucially, Rivian Automotive (RIVN) delivered more than 90% of what it produced in Q2 out its plant in Normal, Illinois, which suggested to Morgan Stanley…
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Tom Brady Reinvents the 'Autograph' NFT Platform
NFL icon Tom Brady is reshaping the business strategy of his Web3 startup, Autograph. Tarnished by bear market conditions in 2022 and an ongoing lawsuit with FTX, the company faced a tremendous slump in revenue — slashing a third of its workforce as a consequence.
Brady launched Autograph, boldly dubbed “the future of fandom”, in 2021. The platform’s main goal was to sell custom-made digital…
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S&P 500 Faces Moment of Truth as Q2 Earnings Season Kicks Off Next Week
Wall Street’s second-quarter earnings season unofficially kicks off on Friday, July 14.
Analysts expect a -6.8% yearly profit decline and a decrease of -0.4% in revenue growth.
If confirmed, that would mark the third consecutive year-over-year decrease in earnings and the first drop in sales since Q2 2020.
As such, I used the InvestingPro stock screener to find high-quality stocks poised to…
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Stelco Holdings: Solid Financial Position But Still Facing Challenges (TSX:STLC:CA)
dallaspaparazzo/iStock via Getty Images
A Hold Rating for Stelco Holdings Inc.
Lower selling prices and higher input costs due to inflationary pressures are expected to continue to weigh negatively on Stelco Holdings Inc’s (STLC.TO) (OTCPK:STZHF) sales and profitability in the coming period.
Chasing instead of meeting a demand for steel products, as evidenced by the business dynamics, does not…
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Turkey's Erdogan to host Putin, hopes for Black Sea grain deal extension By Reuters
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© Reuters. Ukraine’s President Volodymyr Zelenskiy and Czech Prime Minister Petr Fiala make statements to the press after their meeting in Prague, Czech Republic, July 7, 2023. REUTERS/Stringer NO RESALES. NO ARCHIVES.
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By Can Sezer
ISTANBUL (Reuters) -Turkey’s President Tayyip Erdogan said on Saturday that he was pressing Russia to extend a Black Sea grain deal by at least three months…
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The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash
Yves here. The key message of Michael Hudson’s piece is how the Fed has painted itself in a corner with its super low interest rate policy. In fact, the Bernanke Fed found out when it announced what was intended to be an attenuated exit. Mr. Market responded with the “taper tantrum” and the central bank went into “Never mind” mode. Hudson chronicles the extent of the Fed’s asset price goosing…
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China's auto group retracts pledge to avoid 'abnormal pricing' By Reuters
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© Reuters. FILE PHOTO: Cars drive on the road during the evening rush hour in Beijing, China, July 1, 2019. Picture taken July 1, 2019. REUTERS/Jason Lee/File Photo
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SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla…
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Alfie Raises $2.1M for its AI-Powered Virtual Health Platform for Sustainable Weight Loss – AlleyWatch
42% of Americans are suffering from obesity. Every single state in the union has at least a 20% prevalence of obesity within its population. It’s estimated that the cost of chronic conditions linked to obesity like heart disease, diabetes, stroke, and certain types of cancers exceeds $1.76T per year. Alfie is a virtual weight management platform that blends AI, telehealth, and behavioral change…
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Art Market Hamptons fair postponed until 2024
Art Market Hamptons, the art fair held every summer in the popular beach season destination for many wealthy New Yorkers, has cancelled its 2023 edition and will hold its next edition in August 2024.
A spokesperson for the fair, which would have been in its 13th year near Bridgehampton, New York—roughly an hour outside of Manhattan—said the decision was made due to “unforeseen logistical…
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After deadly oil train wreck, change comes slowly for devastated city
Freight trains still rumble through Lac-Mégantic, Quebec, a daily reminder to its 5,750 residents of the accident that shattered a warm summer night, and their city, 10 years ago.
In the early hours of July 6, 2013, dozens of people were socializing at the Musi-Café bar, while others slept in their apartments nearby — unaware that a runaway freight train was barreling toward them at about 65…
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Trinity Capital Stock: Chance To 'Double Your Dividend' (NASDAQ:TRIN)
Vertigo3d
Written by Nick Ackerman.
We previously gave Trinity Capital (NASDAQ:TRIN) a look at its Q1 earnings for 2023. Overall, the results were neither spectacular nor were they atrocious. That’s okay, though; I view this as a long-term position. The quarter-to-quarter isn’t going to be the sole factor in driving my decisions. Besides providing lukewarm results, they still traded at a decent…
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