Superyacht sales have experienced a downward trend in 2023, with a notable 17% decrease in sales of new yachts over 100 feet long. The main reasons behind this decline are attributed to long waiting lists, increasing costs, and sanctions affecting oligarchs. Buyers looking to purchase a new yacht over 200 feet are facing wait times
Investors in the K-pop industry have experienced a tumultuous start to the year, with stock prices plummeting due to lower fourth-quarter sales, diminishing profits, and various scandals affecting major entertainment companies. Companies like JYP Entertainment, YG Entertainment, Hybe, and SM Entertainment have all witnessed a decline in their stock values. In particular, SM Entertainment faced
Federal Reserve Chair Jerome Powell recently addressed the U.S. economy’s current state in regards to inflation and interest rates. Despite acknowledging the overall strength of the economy, Powell expressed concerns about inflation not meeting the central bank’s 2% goal. He emphasized that while there has been solid growth and continued strength in the labor market,
Former chair of the U.S. Federal Deposit Insurance Corp, Sheila Bair, has raised red flags regarding the upcoming earnings reports of regional banks. She expressed her worries about the reliance on industry deposits, concentrated commercial real estate exposure, and the potential instability of uninsured deposits among regional banks. Bair, who led the FDIC during the
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, showcasing important lessons for average Americans. President Biden and First Lady Jill Biden reported a joint adjusted gross income of $619,976 for the year 2023, reflecting a 7% increase from the previous year. They paid $146,629 in federal income taxes, with
Recently, TGI Fridays and Hostmore, the chain’s U.K. franchisee, have announced an all-share deal valued at 177 million pounds, or $220 million. This merger will result in TGI Fridays being publicly traded on the London Stock Exchange under the ticker “TGIF.” The company’s headquarters will remain in Dallas, Texas, for its U.S. and global brand
United Airlines recently announced a significant adjustment to its aircraft-delivery expectations for the year, citing delays from Boeing as the primary reason. The airline now anticipates receiving only 61 new narrow-body planes in the current year, a sharp decline from the original estimate of 101. This decision comes amidst a series of challenges faced by
The Biden administration recently unveiled a new draft text of its student loan forgiveness proposal, which aims to provide relief to millions of borrowers burdened by student debt. This proposal marks a significant step towards addressing the challenges in the higher education system and fulfilling the administration’s promises. One of the crucial aspects of the
Dr. Martens, the iconic shoemaker, experienced a drastic 30% plunge in its shares on Tuesday, hitting a record low. The company flagged a challenging outlook for 2025 due to weaker revenues. The London Stock Exchange temporarily suspended trading in the company shares following an unscheduled trading update, reflecting the severity of the situation. By the
Boeing recently faced allegations from one of its engineers, Sam Salehpour, who claimed that the company took shortcuts in the production of its 787 Dreamliner and 777 aircraft. Salehpour stated that the assembly of the 787 placed excessive stress on airplane joints, potentially reducing the lifespan of the planes. These serious allegations raised concerns about