The housing market is showing signs of cooling down as home prices, although still higher than a year ago, are seeing shrinking gains. Reports indicate that sellers are starting to lower their prices after facing a stagnant spring market. For the first time since the Covid-19 pandemic began, the typical house sold slightly below its
admin
Chinese automakers are poised to aggressively expand their presence in the global automotive market, aiming to capture a 33% market share by 2030, as per a recent report by AlixPartners. This ambitious target reflects a significant increase from the projected 21% market share for Chinese automakers in the current year. The growth is expected to
The upcoming presidential debate between President Joe Biden and former President Donald Trump is expected to shed light on their respective stances on tax policies. Experts believe that this debate could provide insights into the future of tax breaks introduced under the Tax Cuts and Jobs Act of 2017 (TCJA). Several key provisions of the
Walgreens’ shares witnessed a steep decline of almost 20% following the release of its fiscal third-quarter earnings report. The company reported earnings that were significantly below expectations and subsequently adjusted its full-year profit outlook. Walgreens now predicts adjusted earnings per share in fiscal year 2024 to be in the range of $2.80 to $2.95, down
H&M, one of the world’s most renowned retailers, experienced a significant blow when its second-quarter profits fell short of expectations. The company reported a 14% drop in its shares, causing alarm among investors. This plunge was primarily due to H&M’s lower-than-anticipated operating profit of 7.1 billion Swedish krona, missing the mark of 7.37 billion Swedish
As Cody Gude eagerly awaited the reduction of his student loan payment from $200 to $100 under the Saving on a Valuable Education (SAVE) plan, news broke that major parts of this plan were put on pause. This decision, prompted by temporary injunctions from federal judges in Kansas and Missouri, has left millions of student
Southwest Airlines shares took a hit in premarket trading as the carrier reduced its second-quarter revenue forecast. The airline cited changing booking patterns as the reason for the adjustment. Southwest now expects revenue per available seat mile to drop between 4% and 4.5% in the second quarter compared to last year. This is a significant
In a recent panel discussion at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Wan Gang, the man behind China’s electric car strategy, proposed that Chinese investment in the European electric vehicles industry could be a mutually beneficial way forward for both sides amid ongoing trade tensions. He highlighted the potential for negotiations
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans enrolled in Medicare, as part of President Joe Biden’s efforts to make healthcare more affordable. President Biden has been vocal about
The summer housing market is facing challenges that continue to dampen expectations for growth. Following a lackluster spring, the summer market is showing no signs of improvement. High home prices persist, mortgage rates remain elevated, and the limited increase in home listings is failing to excite consumers. These factors have culminated in stagnant mortgage demand