The National Association of Realtors reported a surprising 9.5% surge in existing home sales in February, reaching 4.38 million units on a seasonally adjusted annualized basis. This increase caught housing analysts off guard, as they were anticipating a slight drop in sales. While year-over-year sales were down by 3.3%, February’s gain marked the largest monthly
In today’s rapidly evolving media landscape, traditional cable television is facing a decline as more and more consumers turn to streaming services for their entertainment needs. This shift has had a significant impact on networks like ESPN, which has relied on increasing cable subscription fees for revenue growth for over 40 years. However, with millions
As issues continue to plague the rollout of the new Free Application for Federal Student Aid (FAFSA), harsh criticism is being directed towards the U.S. Department of Education. Former top student loan official Wayne Johnson did not mince words in a letter to U.S. Secretary of Education Miguel Cardona and other senior officials, accusing the
In a recent documentary by CNBC, former Disney CEO Bob Chapek discussed the future of Disney-owned ESPN and his vision for the sports network. Chapek expressed his belief that adding minority partners to ESPN may not be strategically advantageous. This stands in contrast to the previous suggestions by Disney CEO Bob Iger to potentially sell
The Biden administration recently announced a significant move to forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program. This decision highlights the administration’s commitment to providing relief to individuals burdened by student loans. In addition to this, President Joe Biden will be sending emails to 380,000 public service
In a groundbreaking move, Singapore is revolutionizing its border control procedures by going “passport-free” at its land border with Malaysia. This initiative aims to streamline immigration clearance processes and enhance security measures to accommodate the increasing number of travelers passing through these checkpoints. The QR Code System Effective immediately, travelers crossing the border between Singapore
Micron, a company specializing in memory and storage for computers, experienced a significant surge of more than 14% in extended trading on Wednesday following the release of its second-quarter fiscal 2024 results. The company outperformed analyst expectations and provided optimistic guidance for the future. Earnings per share came in at 42 cents adjusted, surpassing the
The much-anticipated recession that was predicted for 2023 failed to materialize, leading to a sense of optimism that the Federal Reserve may be able to successfully reduce inflation and slow down the economy without causing a recession. This scenario, known as a “soft landing,” has been the focus of much discussion in recent economic forecasts.
Sotheby’s, the renowned auction house, is expanding its sports offerings in response to the increasing demand for sports memorabilia and the desire to attract a younger audience. This move comes as part of Sotheby’s first-ever “Sports Week,” featuring six live and online auctions with items from some of the biggest names in sports. The auctions
French luxury group Kering experienced a significant hit in the stock market, with shares plunging by 14% following a profit warning. The warning indicated a potential 20% decline in Gucci sales for the first quarter of 2024, particularly in the Asia-Pacific region. This forecast of falling revenues has set Kering apart from other luxury brands