The stocks of Hong Kong developers saw an increase after Financial Secretary Paul Chan decided to eliminate property cooling measures in a move to strengthen the sector. This decision comes as the industry has been facing challenges due to high borrowing costs and weak economic sentiment. The Hang Seng Property index surged 2.4% after the
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Recent studies have shown that ultra-high-net-worth individuals in America are prioritizing a better lifestyle and strong investment opportunities when it comes to their next real estate purchase. These individuals, worth $30 million or more, are looking to buy residential properties this year. The average ultra-high-net-worth individual already owns four homes, with one-quarter of their residential
Rocket Lab recently reported its fourth-quarter results, showcasing a net loss of $50.5 million for the quarter. Despite the loss, the company’s revenue grew by 16% year over year, reaching $60 million. However, the revenue fell slightly below Wall Street expectations of $62.9 million. Rocket Lab’s full-year loss also widened to $182.6 million, highlighting the
Baylor University has emerged as a new player in the endowment performance game, showcasing a $2 billion endowment that has surpassed even the Ivy League institutions. While Harvard’s endowment, the largest at $50.7 billion, returned 2.9%, Baylor’s endowment generated an impressive 6.4% return for the fiscal year that ended June 30, outshining the entire conference.
Filing a complete and accurate tax return is crucial for avoiding delays in receiving your tax refund. It is essential to gather all the necessary tax forms, such as W-2s, 1099s, and other information returns, to ensure that your return is processed efficiently. Omitting forms can lead to issues with the IRS matching software, which
Macy’s reported a decline in sales of nearly 2% in the holiday quarter, disappointing both investors and analysts. The fourth quarter results were below what Wall Street had expected, with adjusted earnings per share coming in at $2.45 compared to the $1.96 expected, and revenue at $8.12 billion versus the anticipated $8.15 billion. This left
As we reflect on the financial landscape of 2023, one cannot help but acknowledge the unexpected positive turn of events for retirement savers. Despite the challenges faced in the previous year, retirement account balances have shown a remarkable recovery. The latest data from Fidelity Investments, a leading provider of 401(k) savings plans, reveals that the
The homebuilding industry is experiencing a shift towards environmentally cleaner and more energy-efficient homes. With real estate being a significant contributor to global carbon emissions, it is essential to find sustainable solutions to reduce the environmental impact of buildings. Companies like Dvele, Clever, and Aro Homes are at the forefront of this movement, striving to
Unity Software, a leading gaming software company, faced a significant setback as its shares plummeted by 17% in extended trading following the release of weaker-than-expected guidance for the current quarter. The company reported a loss of 66 cents per share, which was far from the 46 cent loss predicted by analysts. Additionally, the revenue of
Zoom shares surged by 13% in after-hours trading on Monday following the announcement of their fiscal fourth-quarter results. The company exceeded analysts’ expectations in several key areas, including earnings per share and revenue. The company reported earnings per share of $1.22, adjusted, compared to the expected $1.15. Additionally, Zoom’s revenue came in at $1.15 billion,