Latest news with #WyndhamDestinations
Newsweek
4 days ago
- Business
- Newsweek
Map of States Trump Won in 2024 Where Unemployment Claims Are Increasing
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Unemployment claims rose by about 8,000 nationally for the last week in May, including in states President Donald Trump won in 2024. Why It Matters Trump successfully ran last election cycle predominantly on issues including the economy and illegal immigration and has said that inflation during President Joe Biden's tenure turned the economy "to hell." Currently, Americans and business owners are bracing for the uncertainty tied to the Trump administration's tariffs on countries like China, and industries including steel and aluminum. What To Know New data published Thursday by the Department of Labor shows a weekly increase of about 8,000 new applications for jobless benefits for the week ending May 31, bringing the total to 247,000. The increase was the highest since October. Weekly applications have typically ranged between 200,000 and 250,000 since layoffs and firings became more routine during the COVID-19 pandemic and global economic turmoil, according to the Associated Press. The biggest changes in week-to-week claims came from Kentucky (3,976), Minnesota (2,377), Tennessee (1,765) and Ohio (1,146). A report from payroll company ADP issued on Wednesday showed 37,000 jobs were added by private employers in May, which was less than expected. Trump has called on Federal Reserve Chair Jerome Powell repeatedly to cut interest rates, as higher rates place pressure on employment by increasing borrowing costs for businesses, potentially limiting investment. But the central bank is tasked with keeping prices stable, and it is wary of the inflationary impact of Trump's tariffs and those imposed on the U.S. in retaliation. Powell has critiqued the tariffs for the potential negative ramifications on inflation and unemployment. In May, the Federal Reserve held its benchmark lending rate at 4.3 percent for the third straight meeting, following three cuts last year. The newest job numbers arrive as Republicans try to push Trump's "Big, Beautiful Bill" through the Senate. Issues like Medicare and the turbulence of general consumer sentiment because of tariffs have been heavily debated by lawmakers. Job seekers stand in line at the Wyndham Destinations booth during the Mega JobNewsUSA South Florida Job Fair in the Amerant Bank Arena on April 30, 2025, in Sunrise, Florida. Job seekers stand in line at the Wyndham Destinations booth during the Mega JobNewsUSA South Florida Job Fair in the Amerant Bank Arena on April 30, 2025, in Sunrise, Holzer, a public policy professor at Georgetown University and senior fellow at the Brookings Institution, told Newsweek via phone that a country with "enormous uncertainty" economically could result in a reluctance to invest. It can also make more companies than not hesitant to hire new workers. If it looks like there's going to be an economic slowdown, individuals will likely postpone any plans they might have had to open new businesses or to expand existing ones," Holzer said. "It's so hard to answer any questions because we don't know where the tariffs are going to end up. Every day, Trump changes his mind. He pulled way back on those huge China tariffs but then topped the tariffs on aluminum and steel. "Some people say, 'Well, he's just going to use them as leverage to try to cut deals with these different countries.' Other people say, 'No, they should be real and they should last.' It depends where you land and where they land. Personally, I think in the meantime everybody's in a wait-and-see mode." That mode of patience will affect individuals and business owners differently based on sectors and industries, Holzer added. People in the service industry, for example, may not be directly affected by tariffs but might be indirectly affected. What People Are Saying Treasury Secretary Scott Bessent, on CBS' Face the Nation: "When we were here in March, you said there was going to be big inflation. There hasn't been any inflation. Actually, the inflation numbers are the best in four years. So why don't we stop trying to say this could happen—wait and see what does happen." Louisiana Senator John Kennedy, a Republican, on MSNBC's Morning Joe on June 5: "We're in uncharted waters here with the tariffs. I think the markets are telling us that. We don't know what impact they're going to have on the economy. But if we don't extend those tax cuts, we're going into a recession, and our economy's going to be on a journey to the center of the Earth." What Happens Next The Federal Open Market Committee is scheduled to meet June 17-18 to set monetary policy.
Yahoo
04-04-2025
- Business
- Yahoo
Travel + Leisure (TNL): Buy, Sell, or Hold Post Q4 Earnings?
Travel + Leisure trades at $42.75 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 9.1% while the S&P 500 is down 6.9%. This might have investors contemplating their next move. Is now the time to buy Travel + Leisure, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it's free. Even though the stock has become cheaper, we're cautious about Travel + Leisure. Here are three reasons why you should be careful with TNL and a stock we'd rather own. Formerly known as Wyndham Destinations, Travel + Leisure (NYSE:TNL) is a global vacation company that provides travelers with vacation ownership, exchange, and travel services. Revenue growth can be broken down into changes in price and volume (for companies like Travel + Leisure, our preferred volume metric is tours conducted). While both are important, the latter is the most critical to analyze because prices have a ceiling. Travel + Leisure's tours conducted came in at 175,000 in the latest quarter, and over the last two years, averaged 13.6% year-on-year growth. This performance slightly lagged the sector and suggests it might have to lower prices or invest in product improvements to accelerate growth, factors that can hinder near-term profitability. Growth gives us insight into a company's long-term potential, but how capital-efficient was that growth? A company's ROIC explains this by showing how much operating profit it makes compared to the money it has raised (debt and equity). Travel + Leisure historically did a mediocre job investing in profitable growth initiatives. Its five-year average ROIC was 7.9%, somewhat low compared to the best consumer discretionary companies that consistently pump out 25%+. Debt is a tool that can boost company returns but presents risks if used irresponsibly. As long-term investors, we aim to avoid companies taking excessive advantage of this instrument because it could lead to insolvency. Travel + Leisure's $7.75 billion of debt exceeds the $167 million of cash on its balance sheet. Furthermore, its 8× net-debt-to-EBITDA ratio (based on its EBITDA of $930 million over the last 12 months) shows the company is overleveraged. At this level of debt, incremental borrowing becomes increasingly expensive and credit agencies could downgrade the company's rating if profitability falls. Travel + Leisure could also be backed into a corner if the market turns unexpectedly – a situation we seek to avoid as investors in high-quality companies. We hope Travel + Leisure can improve its balance sheet and remain cautious until it increases its profitability or pays down its debt. We cheer for all companies serving everyday consumers, but in the case of Travel + Leisure, we'll be cheering from the sidelines. After the recent drawdown, the stock trades at 6.6× forward price-to-earnings (or $42.75 per share). While this valuation is optically cheap, the potential downside is huge given its shaky fundamentals. There are better stocks to buy right now. We'd suggest looking at one of our top digital advertising picks. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
