Author: Arabian Media staff
S&P components Enphase Energy and First Solar move lower by double-digit percentages. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starbucks was once the undisputed king of coffee in China. Having opened its first branch in the country in 1999, the company used its first-mover advantage to build and dominate a thriving coffee scene. More than two decades on, it is no longer the only caffeinated beverage game in town. Time to pack up its beans and focus efforts elsewhere.Local and other foreign chains such as Luckin and Cotti Coffee have caught up with the Seattle-based caffeine-peddler. Starbucks’ revenue from China stalled…
Are the trade wars discouraging consumers from going out to eat? A sharp decline in restaurant spending in May suggests the answer is yes — but it’s probably too soon to tell. Source link
There’s a lot of news happening in the world every day. But lately, very little of it seems to make a lasting impact on the U.S. stock market. Source link
Wildfire season is upon us, with experts predicting above-average activity across the U.S. during the summer months. If you live in an at-risk area, you’re likely worried about an outbreak—and your homeowners insurance. Companies can drop your coverage with relatively short notice for a few reasons, including increased risk exposure. Fortunately, there are steps you can take to protect yourself. Key Takeaways Insurers can cancel or non-renew homeowners insurance, though state laws require they provide you with at least some notice. Hard-hit states often take steps to slow coverage losses via insurance moratoriums or other restrictions. If you lose coverage,…
Barclays analysts raised their price target to $200, highlighting greater optimism about Blackwell and the company’s earnings potential. Source link
Senate Republicans have unveiled a sweeping plan to overhaul the Medicaid program, with changes policy analysts warn could lead to even greater coverage losses and pain for hospital systems than the aggressive proposal passed by the House of Representatives last month. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spain has spread the blame for the catastrophic Iberian blackout between its grid operator and electricity companies, saying the April outage stemmed from a combination of “bad planning” and errors at power plants.Announcing the findings of a 49-day probe into what went wrong, Sara Aagesen, Spain’s energy and environment minister, said several factors combined to leave the country unable to control a surge in voltage that should have been manageable.The Socialist-led government’s conclusions are likely to pave the way for a wave…
Here’s what is closed on Juneteenth this Thursday, June 19, to observe the newest federal holiday. Source link
Lennar sees the average price of homes delivered for the current quarter falling to the lowest levels seen in eight years. Source link