Last week, mortgage rates saw a decline for the fourth consecutive week. However, the reaction from both existing homeowners and potential homebuyers was rather subdued. The Mortgage Bankers Association reported that overall mortgage application volume only rose by a marginal 0.5% compared to the previous week. This tepid response is indicative of a lack of
The toy industry faced an inflation-fueled sales slump in the first half of 2024, with many companies struggling to maintain their market share. However, amidst this challenging environment, Lego emerged as a standout performer. The Danish toymaker reported a remarkable 13% increase in revenue during the first six months of the year, reaching 31 billion
The Hong Kong-listed shares of JD.com saw a 1.2% increase on Wednesday following the announcement of a $5 billion buyback. This positive movement outperformed the decline on the Hang Seng index, showcasing investor confidence in the company. Similarly, JD.com’s U.S. listed shares rose by 2.24% the day before, indicating a global ripple effect of the
Xpeng, a Chinese electric car company, made headlines with the launch of its new mass-market Mona brand. The company introduced the Mona M03 electric coupe with prices as low as $16,812, significantly undercutting Tesla’s cheapest Model 3. This strategic move has garnered immense interest, with over 10,000 orders placed within 52 minutes of the car’s
Nvidia’s stock has seen significant growth over the past year, with a 179% increase in the last year and a 159% surge in 2024. Despite this impressive performance, the stock is currently 8.8% off its June 20 high. Analysts seem to be bullish on Nvidia, with 92% rating it as a buy or overweight, while
The world has seen a significant increase in the population of crypto millionaires over the past year, with a staggering 95% surge in individuals holding more than $1 million in crypto assets. According to a report from New World Wealth and Henley & Partners, the number of pure bitcoin millionaires has more than doubled, reaching
In a recent note to investors, research firm MoffettNathanson highlighted the need for Amazon to drive more revenue from its retail business as the profitability outlook for Amazon Web Services (AWS) eventually levels off. Analysts estimate that Amazon will need to add roughly $90 billion of operating income from fiscal year 2023 through fiscal year
The Russell 2000 Index experienced a significant gain of 10.1% in July, only to plummet by roughly 4% in August. This rollercoaster performance has left investors puzzled and concerned about the profitability of companies within the index. According to ALPS’ Paul Baiocchi, the erratic movements can be attributed to the overall composition of the index,
In the realm of financial planning, particularly in a year marked by significant stock market growth, there exists a nuanced strategy that can be employed to both rebalance your investment portfolio as well as minimize your future tax obligations. This approach, known as tax-gain harvesting, involves strategically divesting yourself of profitable assets within your brokerage
In the upcoming National Basketball Association season, fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their local games. Both teams are departing from their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. With the NBA