Despite the promising news of a tentative agreement between Alaska Airlines and their flight attendants union back in June, the recent rejection of the new labor deal has left both parties back at the negotiation table. The deal included significant immediate raises averaging over 24%, but the union’s decision to turn it down suggests that
The recent construction boom in the U.S. has had a significant impact on the rental market. With an increase in construction activity since the pandemic, there has been a surge in the supply of empty units available for renters. This surplus has led to lower rents and other benefits for renters, as landlords are now
Former President Donald Trump has proposed eliminating taxes on Social Security benefits, arguing that seniors should not have to pay taxes on this income. While this idea may seem appealing on the surface, it has been criticized for its lack of a plan to offset the revenue that would be lost as a result. According
Norway’s massive sovereign wealth fund recently reported a first-half profit of 1.48 trillion kroner ($138 billion), with the majority of the gains attributed to robust returns on its investments in technology stocks. The Government Pension Fund Global, known as the world’s largest sovereign wealth fund, disclosed that it had a value of 17.75 trillion kroner
In a recent statement, UBS CEO Sergio Ermotti expressed concern regarding the potential intensification of market volatility in the second half of the year. While acknowledging the recent sharp sell-offs in global equities due to weak economic data from the U.S., Ermotti dismissed the idea of an impending recession in the United States. He did,
Former President Donald Trump and Vice President Kamala Harris have both expressed their desire to eliminate taxes on tips, a move that has garnered mixed reactions from policy experts. While Harris made her announcement at a rally in Las Vegas, Trump had previously shared a similar idea at a rally as well. The debate around
Interest rates play a significant role in influencing consumer behavior when it comes to making major decisions such as moving into new houses or starting large renovation projects. According to Home Depot’s Chief Financial Officer, Richard McPhail, higher interest rates have caused homeowners to delay these projects in anticipation of lower rates in the future.
In the realm of the coffee industry, Starbucks’ decision to appoint Brian Niccol as its new chief executive and chairman has sparked excitement and optimism among investors and analysts on Wall Street. Niccol’s arrival marks a significant shift away from the era dominated by longtime CEO Howard Schultz. His mandate involves revitalizing Starbucks amidst declining
Home Depot recently announced quarterly results that exceeded expectations, but the company also expressed concerns about weaker sales in the latter part of the year. High interest rates and consumer hesitation are anticipated to have a dampening effect on demand, resulting in a projected decline of 3% to 4% in full-year comparable sales compared to
In the first quarter of 2024, homeowners are collectively sitting on a massive $17 trillion in equity, with the average homeowner gaining $28,000 compared to the previous year. This increase in home equity presents an opportunity for homeowners to leverage their assets for various purposes. However, it is crucial to understand the nuances of tapping
