Author: Press Room

urfinguss/iStock via Getty Images The dramatic rise in retail thefts at brick-and-mortar stores, well documented by the media, could be having a serious impact on the viability of physical stores in the future. Several chains have said these thefts — often by flash mobs — have seriously impacted their financials results and some have even shut down locations in the aftermath. In September, Target (NYSE:TGT) Target announced that it would close nine stores as a result of theft and organized retail crime impacting the safety of its employees and customers. Retailers including Target (TGT), Dick’s Sporting Goods (NYSE:DKS), Lowe’s Companies…

GOP presidential candidate Asa Hutchinson was booed Saturday when he told a Republican summit that there is “significant likelihood” that former President Trump will be found guilty of a felony next year.The former Arkansas governor told the Florida Freedom Summit in Kissimmee, Florida, that such an outcome will make it harder for Republicans down the ticket to win their races if Trump, who is leading in the polls, wins the 2024 Republican nomination.Trump is facing dozens of felony counts in multiple cases, including accusations of falsifying records related to alleged hush money payments, the removal of national security documents from…

A recent rise in the unemployment rate may suggest a recession is coming. (Photo by ANGELA WEISS / … [+] AFP) (Photo by ANGELA WEISS/AFP via Getty Images)AFP via Getty Images One of the best near-term recession indicators is the job market. The release of October’s jobs report showed unemployment rose to 3.9%. Small increases in the unemployment rate have historically been sufficient to trigger a recession. This is called the Sahm Rule. Now, it’s not calling for a recession yet, but it may be getting close if the unemployment rate does not improve from here. Why It Has Worked…

© Reuters. AirBoss of America Corp., a prominent player in the chemicals sector, appears to be undervalued by 48% according to the Gordon Growth Model. The model estimates the intrinsic value of the company’s shares at CA$7.74, significantly higher than the current share price of CA$4.02 and the analyst target of US$6.02. The Gordon Growth Model, a valuation method that factors in dividends per share (DPS), presumes a sustainable dividend growth rate equal to the 5-year average of the 10-year government bond yield, which stands at 1.9%. The model also incorporates a discounted cost of equity of 7.3%. This valuation…

UVXY, LABU and NAIL among weekly ETF movers

The Supreme Court agreed on Friday to decide whether the Trump administration had acted lawfully in banning bump stocks, the attachments that enable semiautomatic rifles to fire in sustained, rapid bursts.In Supreme Court briefs, the Biden administration urged the justices to uphold the ban, endorsing a rare move by the Trump administration to curtail gun violence after a mass shooting in Las Vegas in 2017.That October, a gunman armed with such a device opened fire at a music festival, killing 58 people and wounding hundreds of others.After the shootings, Justice Department officials initially said that the executive branch did not…

An AI bot proved it was capable of insider trading and lying about its actions, researchers found.The findings were presented at this week’s UK AI Safety Summit.The AI model deceived users “without being instructed to do so,” Apollo Research said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An AI bot on OpenAI’s GPT-4 large language model showed it was capable of making illegal financial trades and lying about its actions. The experiment was presented at the UK’s AI Safety Summit this week by Apollo…

“We won this round,” UAW President Shawn Fain said in a video address on Saturday. “This contract will change thousands of lives overnight.” Now that preliminary approvals for all three contracts are done, UAW leaders will spend the next two weeks working to win “yes” votes from rank-and-file union members at the Detroit Three. The main economic provisions of the agreement follow the pattern set at Ford (NYSE:) and Chrysler parent Stellantis (NYSE:), providing 25% base wage increases for full-time workers, which could total as much as 33% including newly negotiated cost-of-living allowances. Temporary workers will have a faster path…

Bim The Industrial Select Sector (XLI) halted its two week losing streak to close the week ending Nov. 3 +5.35%, and so did the SPDR S&P 500 Trust ETF (SPY) which gained +5.85%. All the 11 S&P 500 sectors were in the green for the week, which saw the Federal Reserve keeping the interest rates steady. Year-to-date, XLI has risen +3.45%, while SPY has soared +13.67%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +20% each this week. YTD, all these 5 stocks are in the green. Granite…

Tom Homan: Biden’s border crisis is ‘by design’ Former Acting ICE Director Tom Homan reacts to reports of a terror suspect allowed to stay in the U.S. for two weeks before being arrested and discusses the ongoing national security threat posed by the border crisis.As another caravan consisting of thousands of migrants makes its way to the U.S.-Mexico border, Republicans in the House and Senate are renewing their calls for additional border security, calling on the Biden administration and Congress to change U.S. policies to stop more entries.Organizers have told media outlets that there are an estimated 7,000 people in…