In recent years, there has been a noticeable decline in workplace engagement among employees. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work and workplace. This shift is reflected in the phenomenon of “quiet quitting” where employees are coasting and doing the bare minimum to
The housing market in America is facing a crisis with tight supply, lack of affordable homes, and high mortgage rates. The situation differs from state to state, making it crucial for businesses to consider the local residential real estate market when deciding on their location. CNBC includes the housing market as part of the Economy
Small-cap stocks are currently experiencing a significant surge in the market. After surpassing megacap technology shares last week, these smaller companies are now leading the bull market. The Russell 2000 index, representing this group, has shown steady growth, with a 1% increase on Tuesday and reaching its highest level since January 2022. If the index
Bank of America reported a second-quarter profit of 83 cents per share, beating the estimate of 80 cents per share by LSEG. Additionally, the revenue came in at $25.54 billion, exceeding the estimated $25.22 billion. However, it is important to note that the profit slipped by 6.9% from the previous year, which raises concerns about
The price of gold reached a new record high on Tuesday, with futures climbing 1.5% to $2,465.30. This sharp increase was fueled by growing expectations of an interest rate cut in September, leading to heightened demand for bullion. Spot gold also hit an all-time high of $2,465.19 during the session, indicating a significant surge in
New Balance recently announced a multiyear partnership with the WNBA, joining other major brands in supporting women’s sports. This agreement will make New Balance an official partner of the WNBA and include various forms of marketing and advertising, featuring Los Angeles Sparks rookie forward Cameron Brink. This partnership solidifies New Balance’s commitment to expanding into
The Social Security Administration is making changes to its online services, requiring users who created their “my Social Security” account before Sept. 18, 2021, to transition to a Login.gov account. This update is crucial to ensure continued access to online Social Security services, including requesting card replacements, estimating benefits, checking application statuses, and managing current
Morgan Stanley reported that its second-quarter profit and revenue surpassed analysts’ estimates, driven by stronger trading and investment banking results. The company disclosed earnings of $1.82 per share, higher than the $1.65 per share estimated by LSEG. Additionally, the revenue exceeded expectations at $15.02 billion, compared to the $14.3 billion estimate. The bank experienced a
The luxury fashion sector is facing turbulent times, as demonstrated by Hugo Boss shares plummeting by 10% following the company’s decision to cut its sales outlook. The German fashion powerhouse announced a revised full-year sales forecast of up to 4.35 billion euros, down from a previous estimate of up to 4.45 billion euros. This unexpected
Deutsche Bank, a prominent financial institution, has recently come under scrutiny for incorrectly disclosing its deferred tax assets in its 2019 financial statement. The German regulator BaFin, which stands for the Federal Financial Supervisory Authority, pointed out that the declarations made by the bank regarding deferred tax assets were incomplete. Specifically, BaFin highlighted that 2.076
