Travelers wait in line to check in for their flights at a Delta Airlines ticket counter at Orlando International Airport during the busy Christmas holiday season on December 28, 2022 in Orlando, Florida.Paul Hennessy | Anadolu Agency | Getty ImagesAirlines expect record travel demand this Thanksgiving. Executives say they're prepared...
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Activist Impactive sees an opportunity to build value with an ESG tilt at Concentrix
Luis Alvarez | Digitalvision | Getty ImagesCompany: Concentrix (CNXC)Business: Concentrix provides technology-infused customer experience (CX) solutions and runs customer service for 2,000 customers globally. They are the second largest outsourced CX company globally and provide CX process optimization, technology innovation, front- and back-office automation, analytics and business transformation services. It...
Legendary value investor’s firm launches new fund targeting ‘quality’ stocks
Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm's first active ETF: the GMO U.S. Quality ETF. And he put GMO partner Tom Hancock in charge of it."There's a lot more interest in active ETFs than there was even a few years ago," Hancock...
Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed.The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the...
Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday.The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the country...