New Balance recently announced a multiyear deal with the WNBA, marking a significant step in tapping into the women’s sports market. The agreement will see New Balance become an official partner of the WNBA, joining other major athletic brands such as Adidas, Nike, Puma, and Under Armour. The deal includes various elements such as broadcast,
America is facing a housing crisis with a tight supply of homes, especially affordable ones, and persistently high mortgage rates. The problem varies from state to state, making the local residential real estate market a crucial factor for companies deciding where to locate. The housing market plays a significant role in determining state business competitiveness.
The Social Security Administration is taking steps to improve its online services by transitioning account holders to Login.gov. This move aims to ensure continued access to online Social Security services for both current beneficiaries and individuals who are not yet receiving benefits. By logging in and updating your account, you can take advantage of features
Small-cap stocks have been making significant strides in the market recently, taking over from megacap technology shares to lead the bull market. This shift comes as hopes for interest rate cuts have sparked optimism about economic recovery benefiting smaller companies. The Russell 2000 index, which serves as the benchmark for this group, has seen a
The German regulator BaFin recently pointed out that Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, failing to meet international accounting standards. According to BaFin, the declarations on deferred tax assets in the consolidated financial statement were incomplete. They highlighted that 2.076 billion euros worth of deferred tax assets were not
Bank of America announced on Tuesday that its second-quarter revenue and profit outperformed expectations, driven mainly by increased investment banking and asset management fees. The company reported earnings of 83 cents per share, surpassing the 80 cents per share estimate by LSEG, and revenue of $25.54 billion, higher than the $25.22 billion estimate. Despite a
Morgan Stanley has reported a strong second-quarter performance, with both profit and revenue surpassing analysts’ estimates. The bank announced earnings of $1.82 per share, compared to the $1.65 per share estimated by LSEG. Additionally, revenue reached $15.02 billion, exceeding the $14.3 billion estimate. This positive outcome can be attributed to the robust trading and investment
Hugo Boss, a renowned German fashion house, faced a significant drop in its shares by up to 10% after revising its sales outlook. The company adjusted its full-year sales forecast to a range of up to 4.35 billion euros, down from the initial estimate of up to 4.45 billion euros. This downward revision was attributed
General Motors’ ambitious target of producing 1 million all-electric vehicles in North America by the end of 2025 seems to be in jeopardy, according to CEO Mary Barra’s recent comments. The automaker has been facing challenges as demand for electric vehicles (EVs) has not grown as quickly as anticipated by GM and other companies in
Following the attempted assassination of former President Donald Trump at a rally in Pennsylvania, the leaders of Wall Street’s most powerful firms have come forward to condemn the act of violence. JPMorgan Chase CEO Jamie Dimon expressed deep sadness over the incident, emphasizing the importance of standing together against hate, intimidation, and violence that threatens