Reddit’s decision to offer its most active users the opportunity to buy stock in its initial public offering (IPO) is a unique move that could have significant implications for the company and other investors. While this decision reflects Reddit’s desire to give its users a sense of ownership, it also introduces a level of risk
Intuit, a financial software company, reported revenue of $3.39 billion in its fiscal second quarter, which was in line with analysts’ expectations. However, the adjusted earnings of $2.63 per share exceeded Wall Street’s estimate of $2.30 per share. Despite this positive news, the company’s shares pulled back roughly 1% in extended trading. Shares of Live
On Thursday, lunar company Intuitive Machines is set to make history with their IM-1 mission, which aims to achieve the first American lunar landing since the Apollo era. The company’s goal is to soft land near the moon’s south pole around 6:24 p.m. ET. If successful, Intuitive Machines’ Nova-C cargo lander, named “Odysseus,” would be
Student loan forgiveness programs have been hailed as a beacon of hope for borrowers drowning in debt. Marlon Fox, a chiropractor in North Charleston, South Carolina, experienced this first-hand when his student debt of $119,500 was reset to zero, and he received an additional refund of $56,801 from the U.S. Department of Education. This elation,
The European Central Bank recently reported its first annual loss since 2004, amounting to 1.3 billion euros. This loss was primarily due to higher interest rates which resulted in increased interest expenses on key liabilities. Despite this setback, the ECB remains confident in its ability to continue conducting effective monetary policy in the coming years.
In January, sales of previously owned homes increased by 3.1%, reaching a total of 4 million units on a seasonally adjusted annualized basis. However, despite this monthly gain, sales were down by 1.7% compared to the previous year. The National Association of Realtors reported that the count is based on closings that likely took place
The Asia-Pacific travel sector is experiencing a surge in growth, with demand for flights expected to reach pre-pandemic levels this year. According to the International Air Transport Association, travel demand in December 2023 improved to nearly 83% of 2019 numbers compared to just 57% in January. The positive trend is expected to continue, with Willie
The process of applying for financial aid is a crucial step for many families who are preparing to send their children to college. The Free Application for Federal Student Aid (FAFSA) is the gateway to accessing various forms of financial assistance for college tuition. However, the recently updated 2024-25 FAFSA form has been facing multiple
The IRS recently announced plans to conduct “dozens of new audits” on corporate jet usage as part of their efforts to increase scrutiny on large corporations, complex partnerships, and high earners. With over 10,000 corporate jets operating in the U.S., the agency is concerned that some companies may be overstating deductions by using aircraft for
Boeing, the aerospace giant, has faced yet another setback with the recent replacement of the head of its 737 Max program. This change comes on the heels of a panel blowing out on one of the jet models during an Alaska Airlines flight, leading to a temporary federal grounding of the aircraft type. The departure