Recent data shows that mortgage rates have been decreasing steadily for the past four weeks. However, the response from both current homeowners and potential homebuyers has been less than enthusiastic. Mortgage application volume only rose by 0.5% last week compared to the previous week, as reported by the Mortgage Bankers Association. This slight increase suggests
In the midst of an inflation-fueled sales slump impacting the toy industry in the first half of 2024, Lego stands out as a success story. Despite economic challenges, Lego reported a significant 13% increase in revenue during the first six months of the year, reaching an impressive 31 billion Danish krone. This growth can be
JD.com, a Chinese online retailer, made headlines on Tuesday with the announcement of a $5 billion share buyback. This move resulted in a 1.2% increase in the company’s Hong Kong-listed shares and a 2.24% rise in its U.S. listed shares. The buyback comes on the heels of a previous $3 billion buyback earlier this year,
As the market continues to rise, it is important to keep an eye on key companies that are making waves. Nvidia, for example, has seen an impressive 179% increase over the last year and a 159% surge in 2024. Despite being 8.8% from the June 20 high, analysts remain bullish with 92% rating it a
Xpeng, a Chinese electric car company, recently unveiled its new mass-market Mona brand with prices starting as low as $16,812. This move posed a direct challenge to Tesla’s cheapest Model 3. The debut of the Mona M03 electric coupe was met with overwhelming demand, as orders exceeded 10,000 within just 52 minutes of the car’s
The Dallas Mavericks and New Orleans Pelicans are facing a significant shift in how their local games will be broadcast in the upcoming NBA season. Both teams are leaving their regional sports networks owned by Diamond Sports, according to a recent bankruptcy court filing. This move has raised questions among fans about how they will
The Russell 2000 index experienced a significant uptick of 10.1% in July, only to plummet by approximately 4% in August, according to recent data. This rollercoaster ride in performance has left investors wondering about the underlying reasons behind such erratic movements. ALPS’ Paul Baiocchi attributes the volatility to the composition of the index, highlighting a
The looming possibility of a lapse in the National Flood Insurance Program (NFIP) authorization by September 30 poses potential challenges for homebuyers, sellers, and homeowners across the United States. The NFIP, a government-sponsored flood insurance program, is crucial for protecting properties from flood damage, especially in high-risk areas. This article will delve into the repercussions
In a year where the stock market is performing exceptionally well, it is crucial to explore alternative investment strategies that can help in balancing portfolios and minimizing future tax liabilities. One such lesser-known tactic is tax-gain harvesting, which involves strategically selling profitable assets in brokerage accounts during low-income years, such as early retirement or periods
The world has witnessed an astonishing 95% increase in the population of crypto millionaires over the past year. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals across the globe who hold more than $1 million in crypto assets. This surge represents a significant shift in the