Walmart Eliminates Hundreds of Store-Support, Training Jobs
The company is eliminating the market coordinator job that supports some managers, according to a memo viewed by Bloomberg News. Market coordinators are considered to be corporate positions. They assist market managers, who are responsible for supervising roughly a dozen store managers each.
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26 minutes ago
- Yahoo
Student apartments dominate the Strip: What's open and coming soon to Cumberland Ave.
The metamorphosis of Cumberland Avenue has added more student housing near the University of Tennessee at Knoxville campus and effectively changed the character of the Strip, which for decades was dominated by local shops and restaurants. Two new apartment buildings are opening for the fall semester under the Hub Knoxville brand. Co-developed by Schenk Realty Group and Core Spaces, the completed buildings at 1925 and 2001 Cumberland Ave. will mark the end of Phase 1 in the three-phase Hub Knoxville project. Hub Knoxville apartments, ranging from studios to five-bedroom units, will come fully furnished. The buildings can accommodate 1,645 students combined, and both will be filled. Rent ranges from $1,261 to $1,745, according to A Jimmy John's, medical clinic and the Cumberland Foodhall will open on the ground level of the building at 1925 Cumberland Ave. Other amenities open to residents of both buildings include a rooftop deck, coffee shop, study areas and fitness centers. Not on the Strip but nearby, another new complex called The Mark will welcome students this fall at 124 S. Concord St. near Tyson Park. The new development sits between Kingston Pike near campus and Sutherland Avenue, where UT has prioritized its expansion. Students interested in avoiding the congestion of Cumberland Avenue might want to consider this off-Strip option. Developed by Landmark Properties, the complex features 291 units ranging from studios to five bedrooms. The price per bed is between $1,200 and $1,600 per month, and amenities include a rooftop pool, media wall and outdoor courtyards. Apartments opening soon on Cumberland Avenue and near the Strip Construction isn't slowing down. Over the next two years, three additional apartment buildings are set to open on or near the Strip. Hub Knoxville plans to open its third building next year at 1990 Cumberland Ave., and the fourth would open in 2027 at 1801 Cumberland Ave. Every amenity across the four Hub Knoxville buildings will be open to all residents. Just south of the Strip is another student housing development under construction. EVER Knoxville will open in 2026 at 1919 Lake Ave. Previously called VERVE, the project includes 136 units that would house nearly 500 students. Floorplans range from single bedrooms to five-bedroom units, each fully furnished with stainless steel appliances and a full-size washer and dryer. Community amenities include a pool, podcast room, cafe, club rooms and spas. The temporary leasing office is at 1711 Cumberland Ave. Apartments already welcoming students onto the Strip The Strip already has several apartments and condominiums that are open and leasing units. Lake Plaza Condominiums: Three-bedroom apartments available at 1735 Lake Ave. | 865-673-6600 ext. 102 | Lake Terrace Condominiums: Three-bedroom apartments available at 1800 Terrace Ave. | 865-673-6600 | Nova Knoxville: Floor plans with two, three, four and five bedrooms available at 2223 Cumberland Ave. | 865-459-0034 | Renaissance III Condominiums: Three-bedroom apartments available at 1801 Lake Ave. | 865-673-6600 | Slate at 901: Floorplans with two, three and four bedrooms available at 901 Mountcastle St. | 865-328-7190 | The Standard: Floorplans with two, three, four and five bedrooms available at 705 S. 17th St. | 888-912-7805 | St. Christopher Square Condominiums: Three-bedroom apartments available at 2201 Lake Ave. | 865-673-6600 ext. 102 | Tenn: Floorplans with three, four and five bedrooms available at 1830 Cumberland Ave. | 865-239-9818 | Tradition Knoxville: Two-bedroom floorplans available at 2521 Kingston Pike | 844-748-5497 | Union Knoxville: Studio apartments and floorplans with two, four and five bedrooms available at 2136 Cumberland Ave. | 865-518-4128 | Keenan Thomas reports on higher education for the Knox News business growth and development team. You can reach him by email at Support strong local journalism and unlock premium perks at This article originally appeared on Knoxville News Sentinel: Knoxville student apartments on the Strip opening for fall UT semester Solve the daily Crossword
Yahoo
26 minutes ago
- Yahoo
Health insurance companies have a problem — people are using their plans more
When medical insurance provider Centene (CNC) opened its books to investors on Friday, the company reported a surprising loss and an uptick in usage. The latter is a broader problem for the industry. In the second quarter, Centene reported an adjusted loss of $79 million and a "health benefits ratio" of 93%. Its benefits ratio, or the amount of its revenue derived from premiums that it pays out for medical care, jumped from 87.6% in the same quarter last year. Moves in that figure can have outsized effects on health insurers' financial performance. "Because of the narrow margins of our health plan business, relatively small changes in our HBR can create significant changes in our financial results," Centene wrote in its Q2 earnings report. And the problem is not isolated to Centene. Elevance Health (ELV), which offers plans including Blue Cross and Blue Shield, reported a similar jump in its "benefit expense ratio" to 88.9% in the second quarter, up from 86.3% in the same quarter last year. Both Centene and Elevance attributed the jump especially to their government-subsidized offerings under the Medicaid and Medicare programs. Molina Healthcare (MOH), which reported Q2 earnings earlier this month, reported a similar outlook, attributing its lowered earnings guidance to the same trend facing other medical insurers. "The short-term earnings pressure we are experiencing results from what we believe to be a temporary dislocation between premium rates and medical cost trend which has recently accelerated,' Molina CEO Joseph Zubretsky said in a statement. Elevance stock dropped by roughly 12% after its report earlier this month, while Molina stock dropped by roughly 8%. Both stocks have remained depressed since. Health Care (XLV) is the worst-performing sector in the S&P 500 this year. Centene stock dropped by roughly 15% in premarket trading after its earnings release before recovering to a positive gain of roughly 6% by the closing bell on Friday. The buoy was led by CEO Sarah London's announcement that Centene was reinstating earnings guidance after pulling this forecast earlier in the month. The company also reported revenue of $48.7 billion, which topped estimates for $44.2 billion, and said it expects to be able to raise the payments it gets from states for Medicaid plans, which would improve its margins. UnitedHealth's MCR challenge The premium-to-cost ratio will be closely watched at UnitedHealth Group (UNH), which refers to this measure as its "medical care ratio" (MCR) and is slated to release Q2 earnings next week. After seeing its medical care ratio rise to 85.1% in the second quarter last year, UnitedHealth is expected to see its ratio jump to 89.3% this year, according to Bloomberg consensus estimates. An increase like that would mean tighter margins and less overhead for a company that already slashed its forecast earlier this year. That news sent its stock price down by 22%, its biggest drop in a single day since 1998. "Management noted care activity trends continue to run ahead of its previous expectations driven by a greater than expected impact at UHC from new members, further acceleration of [Medicare Advantage] utilization and indications of potential broadening trend among adjacent, complex populations," Truist Securities analysts wrote in a May analyst note about UnitedHealth. Closely watched by investors and analysts will also be how UnitedHealth leadership addresses its disclosure Thursday morning that the insurer is facing and complying with a criminal and civil investigation by the Department of Justice over potential fraudulent billing practices in the insurer's Medicare Advantage program. The stock dropped 4.7% through Thursday trading after the disclosure. The probe comes after reporting by the Wall Street Journal earlier this year that documented the potentially fraudulent activity by UnitedHealth, among other medical insurers, which included insurers' staff doctors and nurses adding diagnoses to patients' profiles on top of those documented by the patients' doctors. UnitedHealth may have to answer investor inquiries about the investigation on its earnings call on Tuesday, though these are far from the only challenges facing the insurance giant. According to former federal prosecutor Scott Hogan, the DOJ's Medicare probe will be looking to establish a prolonged pattern of wrongdoing by the insurer. "If everything comes back good for the company, if the department [closes its investigation], I think the company will be able to reassure the marketplace," Hogan, who specialized in fraud investigations, told Yahoo Finance on Friday. Even if UnitedHealth is eventually cleared of wrongdoing, he said, "If the investigation takes next steps, whether it's a lawsuit or prolonged investigation, I don't think there are many companies that desire those kinds of headlines." Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
26 minutes ago
- Yahoo
Can Nvidia Stock Skyrocket Another 370% By 2030? 1 Wall Street Analyst Says Yes.
Key Points Global data center capital expenditures are expected to reach $1 trillion by 2028. Nvidia already takes a massive cut of that spending. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024. However, one Wall Street analyst believes that Nvidia still has plenty of room to soar. Phil Panaro of the Boston Consulting Group thinks that the stock could reach $800 per share by 2030, representing a 370% increase from current levels. Considering that it's already the world's largest company, that's a bold call. But is this $800 price target realistic? Let's back-calculate the numbers to find out. Nvidia forecasts monster growth for data centers Nvidia makes graphics processing units (GPUs) alongside other hardware and software that support them. Although originally designed to process gaming graphics, GPUs are incredibly useful for any task that requires a significant amount of computing power. GPUs can process multiple calculations in parallel, which allows them to excel at these complex tasks. They have been widely used in processing engineering simulations, drug discovery, cryptocurrency mining, and their largest assignment to date: training and processing AI models. Nvidia sells most of its GPUs to AI hyperscalers, which then place them in data centers to create powerful computing clusters. Its revenue growth has been impressive, but it's nowhere near done expanding. The company likes to cite third-party research that shows data center capital expenditures (capex) were $400 billion in 2024 and are expected to increase to $1 trillion by 2028. Considering that the chipmaker generated $115 billion in data center revenue during fiscal 2025 (which encompasses most of 2024), it captured nearly 30% of total spending on it. Should this $1 trillion projection come to fruition and Nvidia maintains a 30% market share, that would mean it will generate $300 billion in revenue. Over the past 12 months, the company has $149 billion in revenue, indicating about 100% growth if the projection comes true. That's far shy of the 370% growth needed to turn it into an $800 stock, as Phil Panaro projects, but it's still strong and market-beating growth. But Panaro's call isn't for 2028, it's for 2030. So we need to look beyond the projection that Nvidia is citing. Even an extended time frame doesn't get Nvidia to $800 The global data center capex figure cited by Nvidia in its 2025 GTC event indicates a compound annual growth rate of 26%. If the data center industry can maintain that growth rate for two extra years until 2030, projected capex would reach nearly $1.6 trillion. If the company can maintain its 30% market share, its revenue would be $473 trillion, indicating 217% growth. This clearly falls short of the 350% Nvidia would need to achieve the $800 price target that Panaro has assigned to the stock. As a result, I don't think the chipmaker can reach Panaro's target within his specified time frame. Still, these calculations have shown that if the data center capex projections are met over the next few years -- and Nvidia maintains its market share dominance -- it can be an incredibly strong performer, delivering market-crushing returns. That makes it a solid stock to buy now, and I think investors would be wise to add Nvidia shares over the next few months. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keithen Drury has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Can Nvidia Stock Skyrocket Another 370% By 2030? 1 Wall Street Analyst Says Yes. was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
