China’s property market struggles and U.S. sanctions have had a significant impact on various cities across the country. The Milken Institute’s best performing cities China index has been monitoring China’s large- and mid-sized cities since 2015, focusing on their economic vibrancy and growth prospects. The latest version of the index compares data for 2023 with
Sports team owners are currently facing a unique set of challenges related to succession planning and taxes as they seek to ensure smooth ownership transitions for the next generation. With the average age of team owners increasing and team values soaring into the billions, there is a growing need for owners and leagues to address
Warren Buffett’s Berkshire Hathaway recently achieved a significant milestone by reaching a market capitalization of $1 trillion. This makes it the first non-technology company in the U.S. to accomplish this feat. The growth in the company’s value has exceeded that of the S&P 500 and comes at a time when Buffett is about to turn
Gap shares were temporarily halted on Thursday morning after what seemed to be an early release of its quarterly earnings results. The company was scheduled to announce its second-quarter earnings after the market closed, but Bloomberg reported that a presentation revealing the results appeared on Gap’s website earlier in the day. The earnings information was
The current labor market in the United States is experiencing a significant downturn, especially impacting young adults between the ages of 18 to 24. A recent report by the Federal Reserve Bank of St. Louis revealed that about 16% of young adults in this age group are not employed and not enrolled in high school
Nvidia’s recent fiscal second-quarter earnings report and premarket trade performance have stirred mixed reactions among investors. The company experienced a slight dip in gross margin but managed to surpass revenue expectations. However, these positive results were overshadowed by the high expectations set by analysts and investors. As a result, Nvidia’s stock witnessed a 4.6% decline
Ulta Beauty recently faced a setback as its shares plummeted by 7% in extended trading due to falling short of second-quarter expectations. The company reported a decline in comparable sales during this period, marking its first earnings per share miss since May 2020 and first revenue miss since December 2020. CEO Dave Kimbell acknowledged the
China’s housing market has been facing ongoing challenges despite numerous government stimulus efforts. According to JPMorgan economist Haibin Zhu, the current measures put in place have not been effective in supporting the sector. Home prices are still struggling to stabilize, with projections indicating that this trend may continue until 2025 at the earliest. Recent data
The latest research from Bank of America indicates that travel spending among American households is exceeding pre-pandemic levels, largely due to a growing interest in international trips. Economists Taylor Bowley and Joe Wadford note that vacationing abroad is a significant factor in the current trend, with spending up by 10.6% per household compared to 2019.
REA Group, a property listings company owned by Rupert Murdoch’s News Corp, has recently expressed interest in acquiring U.K. property portal Rightmove. This potential takeover offer is seen as a strategic move to create a global digital real estate business. While discussions with Rightmove have not yet taken place, the announcement has already made an
