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With a $235.22 billion market cap, The Coca-Cola Company (KO) is a leading beverage company that manufactures, markets, and sells various nonalcoholic beverages worldwide. It provides sparkling soft drinks, flavored and enhanced water, sports drinks, juice, dairy, plant-based beverages, tea and coffee, and energy drinks. The company operates through a network of independent bottling partners, […]

The unemployment rate dropped to 3.5% in September as employers hired more workers than expected. A tight labor market might keep the Federal Reserve on its monetary policy tightening campaign for a while. New York Federal Reserve President John Williams said that the U.S. central bank has more work to do to lower inflation and

The recent jobs data released by the Labor Department revealed that the unemployment rate fell to 3.5% last month from 3.7% in August, matching a half-century low that was last reached in July. Employers added 263,000 workers in September, adjusted for seasonality. While this is a good indicator of economic strength, it could influence the

The stock market started the week on a high note with two rip-roaring rallies, and the S&P 500 witnessed its best day since 2020 on Tuesday. However, the momentum did not sustain. On the other hand, Minneapolis Federal Reserve President Neel Kashkari said that the central bank is quite away from stopping rate hikes to

Television streaming company fuboTV Inc. (FUBO) offers subscribers access to live sports, news, and entertainment content. It operates through two segments: streaming and online wagering. Its fuboTV platform enables customers to access content through streaming devices, smart TVs, mobile phones, tablets, and computers. The August consumer price index (CPI) increased 8.3% year-over-year, higher than expected.

Growing inflationary pressures, consecutive interest rate hikes, and the prospect of an economic slowdown have kept the stock market under immense pressure. However, investors lauded the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), which revealed that vacancies fell 1.1 million to 10.1 million on the last working day of August. Furthermore, according to

Historically, September has been a tough month for the stock market, and this year proved to be no exception. With the tech-heavy NASDAQ Composite down 10.4% in the past month, the road ahead looks grim. On top of it, the major U.S. equity benchmarks were down between 8% and 11% in September.  The Fed’s successive

Opendoor Technologies Inc. (OPEN) operates a digital platform for residential real estate in the United States. Its platform enables consumers to buy and sell homes online. On August 4, 2022, OPEN and Zillow Group, Inc. (Z) announced their multi-year partnership. This is expected to allow home sellers on the Z platform to request an OPEN

Well-known investor Catherine D. Wood is the founder, CEO, and CIO of Ark Invest, an investment management firm. Its flagship fund, ARK Innovation ETF (ARKK), seeks to generate long-term capital appreciation by investing in businesses across the globe that benefit from disruptive innovation. However, Wood’s ARKK ETF has faced a rough patch amid uncertain market

To tame surging inflation, the central bank recently raised rates by three-quarters of a percentage point for a third straight time. Moreover, many analysts expect the Fed to raise rates by at least 1.25 percentage points in its two remaining meetings this year. Ken Griffin, Citadel’s founder, and CEO, believes the central bank has a