Apple recently unveiled its latest slate of iPhones, Apple Watches, and AirPods, but investors didn’t seem impressed with the event. The stock initially fell as the event kicked off, but staged a late-day rally to close in the green. This comes after shares hit an all-time high in mid-July, and they are almost 7% from
Big Lots, a discount home goods retailer with over 1,300 stores across 48 states, filed for bankruptcy amidst a challenging retail landscape. The company, known for its bargain-basement pricing, saw a decline in sales due to high interest rates and a sluggish housing market. As a result, Big Lots agreed to sell its business to
When it comes to the IRS, certain elements of your tax return can potentially draw attention, even if you are not in the high-income bracket. Experts caution that regardless of your yearly earnings, there are some red flags for IRS audits that you should be aware of. One of the major red flags that can
The property market in China has faced significant challenges over the past year, with Standard Chartered CEO Bill Winters expressing concerns about the ongoing turmoil. Despite some signs of increased activity, Winters pointed out that the market has yet to find a true bottom in terms of price. This slow grind down has led to
China recently reported a rise in its consumer price index by 0.6% year on year in August, which was below expectations. This was mainly due to the decline in costs of transportation, home goods, and rents. The forecasted consumer price index was expected to have climbed by 0.7% year on year in August, according to
Seven & i Holdings has recently made the decision to reject a takeover offer from Canadian convenience store operator, Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. This refusal was based on a careful evaluation by the special committee formed by Seven & i
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a lengthy delay that saw the two astronauts it originally carried remain in orbit for an extended period. Instead of returning to Earth as planned, NASA test pilots Butch Wilmore and Suni Williams will now remain aboard the ISS until February, when they will
The current economic situation in the United States has prompted Nobel Prize-winning economist Joseph Stiglitz to call for a half-point interest rate cut by the Federal Reserve. Stiglitz believes that the Fed has been too aggressive in tightening monetary policy, exacerbating inflation issues. With the impending release of the U.S. jobs data, investors are anxiously
Vice President Kamala Harris has recently proposed a new tax policy that would increase the capital gains tax rate for top earners in the United States. Under her plan, households making more than $1 million annually would face a 28% tax on long-term capital gains, which is an increase from the current rate of 20%.
The recent news that British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index has sent shockwaves through the industry. This marks a significant decline for the 168-year-old retailer, which has been facing mounting pressures in recent years. This article will delve into the reasons behind Burberry’s struggles, from