Volvo will go fully electric globally by 2030, ‘no ifs, no buts'
Last year, Volvo showed dealers its plan to introduce five new and redesigned EVs over the next few years.
Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 56%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares skyrocketed 56 percent.
Tupperware’s in trouble again with New York Stock Exchange
Osceola County’s Tupperware Brands has been notified by the New York Stock Exchange that it is out of compliance with its rules for listed stocks, following the company in April revealing it might not have enough cash to survive.
At issue with the New York Stock Exchange is Tupperware’s average global market capitalization was less than $50 million over a 30 trading-day period and its stockholders’ equity was less than $50 million when last reported, a Tupperware news release said.
It has 45 days to submit a plan to the New York Stock Exchange to remedy it.
A second issue is the average closing price of Tupperware stock was less than $1 over 30 consecutive trading days. It has six months to fix this issue by having a closing share price of $1 on the last day of the month and an average stock price of $1 over the prior 30 trading days.
Once the ‘Magic Kingdom before Disney,’ Tupperware faces dire future
Tupperware’s stock price remained under $1 Thursday, trading at around $0.86 at close.
US applications for jobless benefits highest since October 2021
By MATT OTT (AP Business Writer)
The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one of the healthiest parts of the U.S. economy.
The Labor Department reported Thursday that U.S. applications for jobless claims were 261,000 for the week ending June 3, an increase of 28,000 from the previous week’s 233,000. Weekly jobless claims are considered representative of U.S. layoffs.
The four-week moving average of claims, which evens out some of the weekly variations, rose by 7,500 to 237,250.
Despite last week’s sharp increase in filings for unemployment aid, some analysts cautioned against concluding that layoffs are picking up across the economy. They noted that the weekly figures are prone to revision and that last week’s numbers might have been distorted by the three-day Memorial Day weekend.
“The latest reading reflects a holiday-shortened week (Memorial Day), which ought to raise suspicions that the big move was more noise than signal,” said Stephen Stanley, chief U.S. economist for Santander. “I am eager to see next week’s reading before I draw any conclusions.”
How to figure out if dream home can become reality
Q: My husband and I want to build our dream house but not sure if we can afford it being so close to retirement age. I’m 61 and he’s 58. – J.T., Orlando
A: First establish a target retirement date. Then estimate retirement spending, including the new home. Finally, tabulate your retirement resources (401(k), Social Security, etc.) Subtract upfront costs for new home from retirement resources. From there, you will be able to determine if your resources will be enough to last through life expectancy. – John Pinkley
Q: My wife and I have been married for over 30 years and have one daughter. We want to ensure that our assets are distributed in a specific way to family and charities when we die. How do we do that? – B.W., Windemere
A: Find an estate planning attorney to walk you through getting a Revocable Living Trust to ensure your assets are distributed the way that you want. Doing so ensures that the assets avoid probate and are protected from creditors if your beneficiaries are sued. – John West, III