Living in major Asian cities comes with a hefty price tag, particularly in cities like Shanghai, Hong Kong, and Singapore. According to data from Numbeo, the monthly rent in Shanghai’s city-center can cost approximately $2,700. In Hong Kong and Singapore, the cost of living is even higher, with a family of four expected to spend
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This week marks a significant moment in the cryptocurrency markets as spot ether exchange-traded funds (ETFs) are making their debut. The approval of nine spot ether ETF applicants, including Franklin Templeton and VanEck, by the Securities and Exchange Commission is a pivotal development. Franklin Templeton, the firm behind the Franklin Ethereum ETF (EZET), received approval
Warren Buffett’s Berkshire Hathaway has been on a selling spree, reducing its stake in Bank of America for six consecutive trading days. The conglomerate sold 18.9 million shares of the bank at an average price of $42.46, raising $802.5 million. In total, Berkshire has unloaded 52.8 million Bank of America shares worth $2.3 billion, bringing
American Airlines recently revealed a significant slash in its profit forecast for the year. This decision came after a sales strategy backfired and an industry-wide oversupply of flights led to a necessity to offer seat discounts. The adjusted earnings per share for American Airlines this year are expected to fall between 70 cents to $1.30,
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. The oversupplied U.S. market has led airlines to discount tickets during what is typically the most profitable period of the year. Southwest anticipates that unit revenue for the current quarter could decline by as much as 2% compared
Vice President Kamala Harris has long been an advocate for affordable housing initiatives throughout her political career. From her time as the Attorney General of California to her current position in the Biden administration, Harris has championed policies aimed at protecting homeowners and renters alike. Even as she is set to become the Democratic nominee
Unilever shares experienced a notable increase on Thursday morning following the company’s announcement of an improved full-year margin guidance. The consumer goods giant also indicated that the spinoff of its ice cream business was progressing as planned, with an estimated completion date by the end of 2025. The initial boost in shares rose nearly 8%
According to recent research conducted by the National Institute on Retirement Security, only 11% of Americans who have not yet retired are aware of the exact amount of Social Security benefits they are eligible to receive. The survey, which included over 1,200 individuals aged 25 and above, revealed that 24% of respondents were “not very
Britain’s new Labour government is gearing up to introduce updated regulations for the “buy now, pay later” (BNPL) industry, a move that has been long-awaited and highly anticipated. This step comes after successive delays in implementing the roadmap for BNPL legislation in the country, with concerns rising about the increasing debt burdens faced by consumers,
NextEra Energy is contemplating the possibility of restarting the Duane Arnold Energy Center in Iowa amidst a surge in electricity demand and the growing need for carbon-free energy sources. After 45 years of service, the plant ceased operations in 2020. NextEra CEO John Ketchum emphasized the importance of conducting a thorough risk assessment before making