Dividend-paying stocks are becoming increasingly attractive as the Federal Reserve is expected to cut interest rates in September. This move will make dividend yields on such stocks more appealing compared to returns from other income-generating assets like bonds. For investors looking to capitalize on this trend, selecting the right stocks from a vast pool of
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The year 2024 has seen a sharp increase in bankruptcy filings across various sectors, with the restaurant industry bearing a significant portion of the burden. The surge in bankruptcies signifies the challenging times faced by businesses as they grapple with decreasing consumer spending, rising labor costs, and the fading support from Covid-era government aid. Notably,
The concept of automated 401(k) plans has been widely embraced by employers in recent years. However, new research reveals that the positive impact of these initiatives may not be as significant as previously assumed. A study published by the National Bureau of Economic Research highlights overlooked factors that diminish the long-term effectiveness of policies like
The tech sector has been in the spotlight recently, with companies like Marvell Technology and Nvidia making significant moves in the market. Marvell reported better-than-expected revenue, causing its stock to rise about 8% after hours. Despite this positive news, Marvell is still down 18% from its March high. On the other hand, Nvidia saw a
American Eagle reported a second-quarter miss on Wall Street’s sales targets, however, profits saw a significant increase of nearly 60% primarily due to lower product costs. Despite this positive news, the company’s shares took a hit and fell by approximately 3% in early trading on Thursday. American Eagle’s earnings per share came in at 39
In today’s society, the concept of ownership is being challenged like never before. Americans are increasingly opting to rent items ranging from cars and apartments to clothing and furniture. According to a report by Intuit Credit Karma, more adults are choosing to rent goods and services, with 28% routinely renting items. However, when housing is
MongoDB saw a significant increase in its shares, rising up to 16% in extended trading following the release of their fiscal second-quarter earnings report. The company reported adjusted earnings per share of 70 cents, surpassing analysts’ expectations of 49 cents per share. Additionally, MongoDB’s revenue for the quarter reached $478.1 million, slightly exceeding the projected
Despite the increase in mortgage interest rates, home prices have reached an all-time high according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index revealed that on a three-month running average ending in June, national prices were up by 5.4% compared to June 2023. This marks a record high for the index,
As the season of fall foliage and pumpkin spice lattes approaches, the job market may also be turning over a new leaf. Career experts have noticed a trend known as the “September surge,” where more job postings become available after Labor Day. This surge is attributed to the end of a summer slowdown when job
Chinese President Xi Jinping recently met with U.S. national security advisor Jake Sullivan to discuss the importance of improving relations between China and the United States. Xi emphasized China’s commitment to a stable, healthy, and sustainable relationship with the U.S., despite the escalating tensions between the two countries in recent years. During the meeting, Xi