The energy sector has been struggling in recent months, with West Texas Intermediate futures falling 4.3% and Brent futures falling 3.7% on Tuesday. Both settled at their lowest levels since December 2021. Energy is currently the worst performing S&P sector in September, with various key players such as EQT, Coterra, APA, Halliburton, Occidental, ExxonMobil, and
The National Football League has made significant strides in expanding its audience and reach through strategic partnerships and exclusive streaming deals with media companies. The league’s executive vice president of media distribution, Hans Schroeder, highlighted the NFL’s commitment to growing its fanbase in the U.S. and globally by securing exclusive streaming rights for popular games.
Recently, a top Federal Reserve official revealed adjustments to a proposed set of banking regulations in the United States. The original regulatory overhaul, known as the Basel Endgame, was introduced in July 2023 with the aim of increasing capital requirements for the largest banks by approximately 19%. However, following feedback from various stakeholders, including banks,
With the upcoming presidential debate between Vice President Kamala Harris and former President Donald Trump, voters are eager to understand their plans regarding the economy, inflation, and job growth. One of the significant sectors facing uncertainty post-election is clean energy. While the Biden administration has been supportive of clean energy initiatives, President Trump showed skepticism
The once-thriving discount retailer, Dollar Tree, has faced a significant setback as its shares plummeted by more than 15% in early trading due to a downward revision of its full-year outlook. The company cited increasing pressures on middle-income and higher-income customers as the reason behind the revision, with Chief Financial Officer Jeff Davis highlighting the
Dubai’s real estate market seems to be defying all odds, with property sales and values hitting record-high numbers in 2024. The surge in demand, particularly in the luxury segment, is pushing prices up not just for residential properties but for everything else in the city. This upward trend comes at a time when the United
As the world eagerly awaits the Los Angeles 2028 Summer Games, key stakeholders are gearing up to ensure that the city is ready to host this prestigious event. Los Angeles Mayor Karen Bass emphasized the importance of all the preparations that need to be made in the city to welcome athletes and spectators from around
As college students are increasingly turning to social media for dorm room decor inspiration, the need for dorm insurance is on the rise. According to House Beautiful, the stakes of dorm decor have never been higher, prompting parents to consider whether they have the appropriate insurance coverage to protect their child’s belongings. While dorm insurance
The Biden administration’s plans for sweeping student loan forgiveness hit a roadblock when a Republican-led challenge managed to temporarily block the relief. U.S. District Judge Randal Hall issued a temporary restraining order against President Joe Biden’s second attempt to cancel student debt, responding to a lawsuit brought by seven Republican-led states. These states argued that
In a recent report, Michael Pearce, the deputy chief U.S. economist at Oxford Economics, highlighted a positive shift in consumer sentiment regarding the economy. This shift, termed the end of the “vibecession,” signifies a period of improved assessments of the future as inflation cools and the Federal Reserve plans to lower interest rates. Other economists,