Despite a decrease in mortgage rates to the lowest level since April, homebuyers are still facing hurdles in affording today’s housing market. Mortgage demand saw only a slight increase of 0.5% from the previous week, highlighting the challenges that buyers are currently encountering. The Mortgage Bankers Association’s seasonally adjusted index reported a marginal increase in
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Homebuyers are investing more money into purchasing a home, with the average down payment reported to be 13.6% in the first quarter of 2024, according to a study by Realtor.com. This is an increase from the previous year, yet it remains lower than the peak seen in the third quarter of 2023 when buyers typically
AMC Entertainment, the embattled movie theater chain, has seen a surge in its stock price recently due to the return of Keith Gill, also known as “Roaring Kitty.” This surge comes after Roaring Kitty inspired a massive short squeeze in 2021 that pushed GameStop stock to unprecedented highs. The return of Roaring Kitty has led
The recent surge in shares of AMC Entertainment and GameStop has once again captured the attention of investors, driven by social media and online communities. This “meme stock” rally, triggered by a social media account known as “Roaring Kitty,” has reignited the trading frenzy that was seen during the 2020-2021 meme stock frenzy. The resurgence
Alibaba, the Chinese e-commerce giant, faced a significant setback in its fiscal fourth quarter as its net profit plunged, causing shares to drop. The company reported revenue of 221.9 billion yuan, falling short of the LSEG consensus estimate of 219.66 billion yuan. Additionally, net income attributable to ordinary shareholders took a major hit, declining by
AMC Entertainment recently raised around $250 million in new equity capital through a successful sale of 72.5 million shares. This at-the-market equity offering, launched on March 28, saw AMC selling shares at an average price of $3.45 per share. The timing of this sale coincided with a resurgence in the meme stock craze, fueled by
In a surprising turn of events, Tencent managed to surpass analyst expectations for both revenue and profit in the first quarter. The Chinese tech giant reported a revenue of 159.5 billion Chinese yuan ($22 billion), exceeding the 158.4 billion yuan anticipated. Additionally, the profit attributable to equity holders of the company was 41.9 billion yuan,
Klarna, a Swedish financial technology company, has made waves in the industry by implementing generative artificial intelligence tools within its workforce. With nearly 9 out of 10 employees utilizing AI on a daily basis, Klarna stands out as a leader in the adoption of this innovative technology. This article delves into the ways in which
Being super rich may seem like a dream come true to many, but the reality is far from that. While some may believe that money can buy happiness, the truth is that a million-dollar paycheck does not come with a problem-free pass. According to therapists who have worked with the ultra-rich, individuals in this category
GameStop has once again captured the attention of WallStreetBets on Reddit as mentions of the video game retailer surged to over 900 in the last seven days. This surge in activity has propelled GameStop to become the second-most referenced equity on the forum, just behind the SPDR S&P 500 ETF Trust. The recent boost in
