Business News


The major stock averages rebounded sharply yesterday following three days of losses.  Reopening plays, like airlines, cruise lines and entertainment stocks, saw relief buying yesterday.

 

Shares of Rite Aid are rallying more than 16% after they reported a quarterly profit of 15 cents per share, smashing analysts’ expectations for a quarterly loss of 32 cents per share. The drugstore chain also announced a store-closure program where they expect to close 63 underperforming stores in the coming months.

 

The aircraft maker Boeing’s shares rose 5% after UPS placed and order for 19 of the company’s 767 freighters. Boeing was also named a top stock pick for 2022 by a few investment banks, saying they sees free cash flow improving dramatically.

 

According to CNBC the average professional Santa Claus makes between $5,000 and $8,000 during the holiday season, with the best ones making as much as $20,000.
 

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