An extremely tight labor market, coupled with historically low unemployment and high demand for workers put upward pressure on wages and prices, with inflation reaching 6.2%.
Shares of Restoration Hardware, or RH (NYSE: RH), experienced a significant drop of 7.53% on Monday, in response to the recent disclosures the home furniture company made on Feb. 3.
Medicare Advantage insurers might see an average 2.27% reduction in baseline payments in 2024, the Centers for Medicare and Medicaid Services said Wednesday.
Analysts at Guggenheim Partners had not rescinded their initial outlook that the restaurant industry would struggle to structurally grow margins as long as the unemployment rate stayed below 4%.
But the firm said Thursday it was betting on one group to outperform.
ProSomnus Inc (NASDAQ: OSA), a front-runner in the medical device industry for the treatment of Obstructive Sleep Apnea, issued its unaudited results for the quarter and full year ending Dec. 31, 2022.
Tom Brady, one of the greatest quarterbacks in NFL history, has officially retired from football after a career spanning 23 seasons and a multitude of records and achievements.