Financial experts are predicting that the annual rate for Series I bonds could drop below 5% in the upcoming month of May. This anticipated decline would be a decrease from the current 5.27% interest rate on existing I bond purchases made prior to May 1. However, it would still be higher than the 4.3% interest
In recent Senate hearings, Boeing’s safety and quality standards were once again put into question, following a midair door blowout incident and a near catastrophe back in January. A former Boeing engineer turned whistleblower, Sam Salehpour, testified before a Senate panel, making serious allegations against the aircraft manufacturer. Salehpour claimed that Boeing cut corners in
ASML, a prominent semiconductor firm, experienced a significant drop in its net sales and net income, falling short of estimates. The company’s stock took a hit, declining by approximately 4.5% in early European trading following the release of its financial results. Net sales were reported at 5.29 billion euros, compared to the expected 5.39 billion
Superyacht sales experienced a significant decline in 2023 due to a variety of factors. According to the SuperYacht Times’ State of Yachting report, sales of new superyachts over 100 feet long dropped by 17% compared to the previous year. This decline can be attributed to long waiting lists, soaring costs, and sanctions placed on oligarchs.
Adidas shares rose by 8.2% on Wednesday following an announcement that the company had raised its full-year guidance unexpectedly. According to the German sportswear company, currency-neutral revenues are now expected to see a mid-to high-single-digit growth rate for the full year 2024. This is in comparison to the previous projection of growth near a mid-single-digit
Recent regional bank earnings have raised concerns regarding the stability and vulnerabilities of these financial institutions. Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has expressed worries about the reliance on industry deposits and concentrated exposure to commercial real estate. She also highlighted the potential instability of uninsured deposits, even for healthy
Investors in the K-pop sector have had a rocky start to the year with lower fourth-quarter sales, profit declines, and dating scandals affecting stock prices. However, despite these setbacks, Goldman Sachs expressed optimism for the industry in a recent report, claiming that the K-pop sector is often misunderstood. The report highlights the potential for a
United Airlines recently announced that it is cutting its aircraft-delivery expectations for the year in response to delays from Boeing. Originally, the airline had expected to receive 101 new narrow-body planes this year, but it has revised that number down to just 61. This change in plans is a result of the ongoing safety crisis
Federal Reserve Chair Jerome Powell recently addressed the state of the U.S. economy, emphasizing that while there has been solid growth and strength in the labor market, inflation has not returned to the central bank’s target of 2%. This poses a challenge for the Fed as they consider the possibility of interest rate cuts in
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, shedding light on their financial standing for the year 2023. The couples’ tax returns provide valuable lessons for average Americans, offering insights into income sources, tax liabilities, and potential strategies for tax optimization. Income Composition and Tax Obligations In 2023, both