China’s property market challenges and U.S. sanctions have had a profound impact on the rankings of various cities, according to the Milken Institute’s latest report. Hangzhou, known as the tech hub of China and home to Alibaba, claimed the top spot in this year’s rankings. The city’s success can be attributed to its thriving tech
When it comes to retirement planning, many younger retirees turn to Marketplace health insurance as a cost-effective solution before becoming eligible for Medicare at age 65. The Marketplace offers lower monthly premiums, thanks to boosted tax breaks extended through 2025. As of open enrollment 2024, over 5.1 million Americans aged 55 to 64 had Marketplace
The highlight of the newsletter focused on Nvidia’s significant drop in market value on Tuesday, losing $279 billion which is the fifth time the stock has lost more than $200 billion in market cap in a single day. The stock is now down 23.3% since June 20 and is down another 2% after hours. This
Berkshire Hathaway, led by Warren Buffett, made history by becoming the first non-technology company in the U.S. to reach a $1 trillion market capitalization. This achievement came after shares of the conglomerate surged more than 28% in 2024, outperforming the S&P 500. The company’s shares hit a high of $699,440.93, pushing it past the trillion-dollar
Following Nvidia’s fiscal second-quarter earnings report, the company’s stock price experienced a dip in U.S. premarket trade. Despite reporting a revenue beat for the quarter, Nvidia faced a slight decrease in gross margin, leading to a negative market reaction. The stock initially dropped by 4.6% in early premarket deals, indicating investor concerns about the company’s
When cracks begin to appear in the labor market, it is often young adults who bear the brunt of the impact. A recent report by the Federal Reserve Bank of St. Louis highlighted the alarming statistic that approximately 16% of 18- to 24-year-olds are neither employed nor enrolled in high school or college. These young
Ulta Beauty recently reported a decline in same-store sales during the second quarter, leading to a 7% drop in their shares in extended trading. This performance fell short of the expectations set by the company, resulting in a miss on earnings per share and revenue. Comparable sales for the quarter fell by 1.2%, a stark
Gap shares were unexpectedly halted Thursday morning after quarterly earnings results were apparently released prematurely. The apparel retailer was scheduled to reveal its second-quarter earnings after the closing bell Thursday, but Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. However, the earnings no longer seemed to be
There has been recent buzz surrounding Rupert Murdoch-owned REA Group and its contemplation of a takeover offer for the prominent U.K. property portal Rightmove. This potential acquisition aims to create a global digital real estate business that could significantly impact the industry. The Australian property listings company, under the control of Murdoch’s News Corp, released
Recent research from the Bank of America Institute shows that travel spending among American households has exceeded pre-pandemic levels, with a particular focus on international trips. Travel momentum seems to be heavily influenced by vacationing abroad, as noted by economists Taylor Bowley and Joe Wadford. Despite a slight decline in travel spending from 2023, it