In a bid to bring back the iconic “Roundball Rock” theme song to the National Basketball Association (NBA) games, NBCUniversal has made an offer that averages $2.5 billion per year to acquire NBA rights. The bid comes after NBC lost the rights to Disney 22 years ago and now seeks to once again be part
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Amazon is set to reveal its first-quarter earnings after the market close on Tuesday. Analysts are anticipating earnings per share to be around 83 cents, with revenue expected to reach $142.5 billion. The tech giant’s financial report will also shed light on other crucial figures, such as Amazon Web Services revenue of $24.5 billion and
The housing market continues to experience strong demand and limited supply, leading to a significant increase in home values. According to the S&P CoreLogic Case-Shiller national home price index, home prices in February rose by 6.4% year over year, marking the fastest rate of price growth since November 2022. The 10-city composite also saw a
The U.S. Department of the Treasury recently announced that Series I bonds will offer a 4.28% annual interest rate from May 1 through October 2024. This rate is linked to inflation and represents a decrease from the 5.27% annual rate offered since November. Current owners of I bonds will also see their rates adjust based
In today’s society, discussions around money are often considered private, with women being among the most hesitant to engage in financial conversations. However, experts argue that avoiding asking the necessary questions can hinder women’s financial progress. This reluctance to seek financial guidance led to the creation of Savvy Ladies, a women-focused nonprofit founded over 20
Samsung Electronics recently announced its first-quarter results, revealing a significant jump in operating profit of 932.8%. The company reported a revenue of 71.92 trillion Korean won, exceeding LSEG estimates. This surge in profit was driven by the rebound of memory chip prices, largely attributed to the growing optimism surrounding artificial intelligence (AI) technologies. Samsung’s revenue
As we enter the spring real estate market, potential homebuyers and sellers are closely monitoring the fluctuating mortgage rates. According to data from Freddie Mac via the Federal Reserve, the average 30-year fixed-rate mortgage has risen to 7.17% for the week ending April 25th, up from 7.10% the previous week. With uncertainties looming over when
The recent reports about Saudi Arabia’s NEOM megaproject scaling back some of its plans have raised concerns about the futuristic desert development on the Red Sea coast. In early April, Western media outlets reported that The Line project, part of the NEOM initiative, would not meet its initial ambitious goals. The original plan of having
Creating a diversified investment portfolio is essential to mitigate risk and maximize returns. One crucial component of a diversified portfolio is bonds. Bonds not only offer protection against market volatility but also generate income. However, constructing the fixed income portion of your portfolio can be a daunting task, especially given recent events such as the
A new study has revealed that large family offices are increasingly diversifying their portfolios by moving away from traditional stock market investments and towards alternative investment options. According to the JPMorgan Private Bank Global Family Office Report, family offices now have 46% of their total portfolio allocated to alternative investments. These alternatives include private equity,
