In a recent study conducted by Affirm, nearly 60% of Americans mistakenly believe that the U.S. is currently in a recession, despite second-quarter economic growth. This highlights the need for accurate information and guidance when it comes to financial decision-making, especially during times of economic uncertainty. While major financial institutions like Goldman Sachs and JP
Former President Donald Trump recently proposed the idea of ending taxes on Social Security benefit income. While this idea may seem beneficial to seniors who rely on these benefits, there is a fatal flaw in Trump’s plan. According to Rep. John Larson, D-Conn., Trump’s proposal lacks a plan to make up for the lost revenue,
Norway’s Government Pension Fund Global recently announced a remarkable first-half profit of 1.48 trillion kroner, primarily attributed to the strong returns on its investments in the technology sector. The fund, valued at 17.75 trillion kroner by the end of June, reported an overall return of 8.6% for the six-month period, slightly below its benchmark index
UBS CEO Sergio Ermotti’s recent comments on the potential intensification of market volatility in the second half of the year have sparked concerns among investors and analysts. The global equities market experienced significant sell-offs last week following weak economic data from the U.S., leading to fears of an impending economic downturn. Ermotti, however, remains optimistic
Former President Donald Trump and Vice President Kamala Harris have both expressed their desire to eliminate taxes on tips during recent rallies, creating a stir among policy experts. This proposal specifically targets service and hospitality workers, aiming to alleviate financial burdens and increase take-home pay for a significant portion of the workforce. However, the idea
Home Depot, a leading home improvement retailer, is closely monitoring the Federal Reserve’s upcoming decision on interest rates. According to Chief Financial Officer Richard McPhail, homeowners are delaying moving into new houses or starting major projects that require financing due to the high interest rates. The anticipation of a potential interest rate cut has only
Brian Niccol’s recent appointment as Starbucks’ CEO and Chairman has garnered attention from Wall Street analysts who believe he is the right choice to lead the iconic coffee chain into a new era. Despite Starbucks’ recent struggles with declining same-store sales, investors are optimistic about Niccol’s ability to rejuvenate the demand for the company’s coffee.
Home Depot exceeded quarterly expectations but provided a cautious outlook on future sales. The home improvement retailer predicted a decline in full-year comparable sales of 3% to 4%, a significant shift from the previously expected 1% decline. This adjustment comes as high interest rates and consumer uncertainty have dampened demand for home improvement products. Chief
The real estate market has been booming, and homeowners are reaping the benefits. According to CoreLogic, homeowners are currently sitting on a staggering $17 trillion in equity as of the end of the first quarter of 2024. This means that the average homeowner gained $28,000 in equity compared to the previous year. Despite this wealth
The shares of German meal kit company HelloFresh saw a significant increase on Tuesday following the release of its second-quarter earnings report. The company exceeded expectations by reporting a better-than-expected profit for the quarter. This news caused HelloFresh shares to climb as much as 20% during morning trading. One of the key factors contributing to