Recent data has shown that Britain’s major high street lenders are actively reducing borrowing costs in response to the Bank of England’s first interest rate cut in four years. Banks such as Barclays, Halifax, HSBC, and NatWest are now offering five-year fixed rate mortgages below 4%, which is lower than the BOE’s key rate of
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Alaska Airlines recently announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This milestone comes after a thorough investigation of the deal, which did not result in any legal action to block the acquisition. The $1.9 billion agreement to combine the two carriers was announced eight months ago, marking
Boeing recently announced that it has temporarily paused flight tests of its 777X aircraft after discovering damage in one of the wide-body airplanes. The company found damage in a custom part located between the engine and the airplane structure during scheduled maintenance. As a result, Boeing has grounded the three other 777-9 airplanes in its
Bernard Arnault, the founder and CEO of LVMH and the world’s fourth-richest person with a net worth of $184 billion, has recently caught the attention of many by delving into the realm of artificial intelligence investments. Through his tech-focused venture firm and family office, Aglaé Ventures, he has made a series of AI-related investments in
Estee Lauder recently unveiled its disappointing fiscal 2025 guidance, which ultimately led us to make the decision to exit our position in the company. Despite topping revenue and EPS estimates for fiscal year 2024, the company’s outlook for the new fiscal year fell short of expectations. With organic net sales expected to decline by 1%
Over 15 years have passed since the federal minimum wage was last increased, leaving it at a mere $7.25 per hour. While some states have chosen to set their own higher minimum wage rates, there are still 20 states where the wage remains at the federal level. This stagnation has sparked a debate on the
In light of the recent market volatility, investors are seeking ways to protect their portfolios from downside risks. One of the strategies gaining popularity is the use of buffer exchange-traded funds (ETFs). These ETFs, such as the ones offered by Innovator ETFs, provide investors with a certain level of protection against market downturns while still
The recent reports on the July consumer price index and July retail sales have sparked discussions among investors about the state of the economy and the potential for an interest rate cut by the Federal Reserve. In light of these developments, top Wall Street analysts have recommended three stocks with promising long-term growth potential. This
Starbucks has been facing operational challenges which have resulted in frustrated customers, overwhelmed baristas, and declining sales. Mobile orders, which make up about one-third of Starbucks’ total sales, have been a major contributing factor to the issues faced by the coffee giant. These orders tend to be more complex, with add-ons like cold foam and
Inflation rates in July 2023 continued to decline, with the consumer price index (CPI) rising by 2.9% from a year ago, as reported by the U.S. Department of Labor. This reflects a decrease from the 3% inflation rate in June and marks the lowest reading since March 2021. The CPI serves as a crucial indicator
