In a move to meet the increasing demand for carbon-free energy, NextEra Energy is exploring the possibility of reopening the Duane Arnold Energy Center in Palo, Iowa. This nuclear plant ceased operations in 2020 after serving the community for 45 years. The CEO of NextEra, John Ketchum, emphasized the need for a thorough risk assessment
Deutsche Bank recently reported a net loss of 143 million euros in the second quarter, which was narrower than expected but still significant. This loss can be attributed to a provision made for an ongoing lawsuit over its Postbank division, amounting to 1.3 billion euros. The lawsuit, brought by investors, alleges that Deutsche Bank underpaid
As we delve into the economic forecast for the upcoming year, it becomes evident that many workers will face a decrease in their annual pay raise. The projected average increase for 2025 is 4.1%, down from the 4.5% seen in the previous year. This data is based on a survey conducted by WTW, a consulting
Recently, there has been a slight decrease in mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances, reaching 6.82%. Despite this decrease, potential homebuyers have not shown a significant increase in purchasing activity. The decrease in rates over the past few weeks has not been substantial enough to entice buyers to make a
In recent years, the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant surge in their China revenue. According to analysts from Bank of America, the share of China revenue for companies like Lam Research, ASML, KLA Corp., and Applied Materials has more than doubled since late 2022. This spike in revenue
Alphabet, the parent company of Google, reported second-quarter earnings that beat both top and bottom line expectations. Despite the positive earnings report, the stock slipped 1% in after-hours trading. Revenue from its YouTube advertising segment fell short of forecasts, which might have contributed to the decline in stock price. Shares of electric vehicle maker Tesla
Tesla, the innovative electric vehicle company, is gearing up to release its second-quarter earnings report after the closing bell on Tuesday. Analysts from LSEG are anticipating earnings per share of 62 cents and revenue of $24.77 billion. This comes after a challenging first half of the year that saw Tesla reduce its headcount by more
The housing market experienced a 5.4% drop in sales of previously owned homes in June compared to the previous month. This decline was also apparent in year-over-year sales, which were down by 5.4%. These figures indicate the slowest sales pace since December, pointing to a significant shift in market dynamics. Chief Economist for the Realtors,
Despite the data indicating a robust U.S. economy, a significant portion of Americans hold the belief that the country is currently experiencing a recession. According to a survey conducted by Affirm with 2,000 adults, 3 in 5 respondents expressed concerns about the economic climate. These individuals pointed to rising costs and increased financial difficulty as
The recent introduction of the “Pharmacists Fight Back Act” by bipartisan lawmakers signals a significant step towards cracking down on the questionable business practices of pharmacy benefit managers (PBMs) in the drug supply chain. These middlemen have long been criticized for inflating prescription medication prices, harming U.S. patients and pharmacies, and failing to pass on
