Tailored Brands, Inc (NYSE:TLRD) was initially rewarded by investors despite posting weak year-over-year results. Wooed by cost cutting and sequential growth, investors are ignoring the company’s underwhelming numbers projected for the rest of the year.
Mueller Water Products Cutting 35 Jobs One of the largest manufacturers of water distribution products, Mueller Water Products, Inc. (NYSE:MWA), has announced job cuts as part of a new reorganization effort. The Atlanta, Georgia-based company has announced a “strategic reorganization plan” under which the manufacturer will be eliminating about 35 full-time jobs in various business (more…)
Another worrying sign that the U.S. economy and retail industry remain on shaky ground. Shares of American Outdoor Brands Corp (NASDAQ:AOBC) crumbled after the company reported terrible first-quarter results.
Longer-term trends show that President Donald Trump’s approval ratings continue to slide. In August, the president’s approval rating slipped to 42% from 43% in July. Fifty-seven percent disapproved of his job performance in August, compared to no changes from July.
Americans Spend Too Large a Portion of Their Income on Housing A new compilation of data reveals that Americans are spending nearly a third of their income on housing, which is putting them at risk of being unable to afford other necessities, according to the federal government.
Privately held The LEGO Group announced plans to axe 1,400 jobs, or about eight percent of its global workforce, after revealing that sales have fallen for the first time in a decade.
People testing positive for hookworm, an intestinal parasite that is only found in areas of extreme poverty, is thriving in the United States, the wealthiest country in the world. While hookworm, or Necator americanus, is a tropical disease that is often associated with the developing world of sub-Saharan Africa and Asia, it is currently rampant (more…)
Oracle Laid Off Hundreds at its Solaris Unit The famous software company Oracle Corporation may be permanently killing its operating system, “Solaris,” which powers its servers. According to various comments posted on the online forum TheLayoff.com, Oracle laid off most of the Solaris unit employees on the Friday before Labor Day.
Moody’s Warns that U.S. Won’t Be Able to Regain High Credit Rating if It Defaults All three major credit rating agencies have now warned the American government to take action or face the consequences.
Consumer sentiment fell short of the initial August readings, landing at 96.8, down from the preliminary reading of 97.6, according to the University of Michigan gauge released on Friday, September 1.