Procter & Gamble (P&G) is experiencing a significant decline in sales of its high-end SK-II skin-care brand in China. The greater China region saw a 34% decrease in SK-II sales during the latest quarter, and P&G attributes this decline to various factors. While the brand has been struggling due to its high prices and reliance
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In the face of high mortgage rates and soaring home prices, potential homebuyers are on the lookout for affordable deals, even if it means relocating to a different city or state. According to a recent analysis by Zillow Group of United Van Lines data, consumers who moved interstate last year tended to choose new metropolitan
The real estate industry is a dynamic and ever-changing landscape that is shaped by various factors such as job growth, housing supply, and affordability. The top 10 hottest housing markets in the United States for this year, as identified by real estate marketplace Zillow, are expected to be spread across the South, Northeast, and Midwest
The world’s top hedge funds have experienced unprecedented success in recent years, with 2023 marking a significant milestone. According to new analysis from LCH Investments, these leading funds generated a staggering $67 billion in investor profits, surpassing the previous record of $65 billion achieved during the pandemic-era rally in 2021. This upsurge in profits is
Procter & Gamble (P&G) recently released its financial results for the fiscal second quarter of 2024, revealing mixed earnings and revenue. While price hikes contributed to a 3% increase in revenue, the company faced challenges in various business segments. P&G also revised its outlook for full-year adjusted earnings per share, citing plans to write down
The Chinese economy is facing a turbulent period as deflation, coupled with a lack of consumer confidence, takes a toll on its growth prospects. Shaun Rein, the founder of the China Market Research Group, warned that China is in for a “very painful economy” in the next three to six months. In his 27 years
In just three years, the world has experienced an unprecedented “supercharged surge in extreme wealth,” according to recent data. It is astonishing to note that billionaires in the United States alone are now 46% richer than they were in 2020. To put this into perspective, the three wealthiest individuals, Elon Musk, Jeff Bezos, and Larry
Chinese automakers are rapidly becoming a significant threat to their American counterparts on the global stage. Despite not directly selling to consumers in the U.S. market, China-made vehicles are experiencing notable sales growth in Asia, Europe, and other regions. In 2023, China reported exports of over 5 million vehicles, surpassing Japan to become the top
As the possibility of Donald Trump securing the Republican nomination for the 2024 race looms, markets are forced to confront the potential repercussions of his proposed 10% tariff increase. This plan, designed to incentivize American domestic production, has been widely criticized by experts across the political spectrum. The structural impact of such a tariff would
Former President Donald Trump’s victory in the Iowa caucus was attributed, in part, to the strong turnout of older voters. Traditionally, the turnout at Iowa caucuses has been skewed towards older demographics, but the 2020 caucus saw an unprecedented turnout of caucusgoers over the age of 50. This surprising outcome has raised questions about the