FedEx recently surprised investors with their fiscal fourth-quarter earnings report, causing their shares to rise by over 15% after hours. The company exceeded analysts’ expectations in both earnings and revenue, showcasing a strong performance in a competitive market. In the fiscal fourth quarter, FedEx reported adjusted earnings per share of $5.41, surpassing the expected $5.35.
The first half of the year showed a promising 2.9% increase in U.S. auto sales compared to the previous year. However, as the industry looks ahead to the rest of the year, concerns are mounting that this momentum may be difficult to sustain. Factors such as growing vehicle inventory levels, increasing incentives, and uncertainties surrounding
China’s yuan, also known as the “renminbi” or “RMB,” has long been aspiring to establish a more prominent role in the international financial market. In order for the yuan to gain more global acceptance, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, emphasized the necessity for expanding its “applications” beyond just being used
In today’s society, a retirement savings crisis is looming, with many individuals facing the harsh reality of not having enough funds to support themselves during their retirement years. However, there is a silver lining in the form of “super savers” – individuals who are diligently setting aside more than 10% of their salaries towards their
Recent data from the U.S. Census Bureau indicates that the average size of newly constructed homes has been decreasing over the past few years. In the first quarter of 2024, the median size of a single-family home under construction was 2,140 square feet, down from 2,256 square feet in the first quarter of 2023. This
As individuals approach retirement with substantial pre-tax retirement account balances, it is crucial to have a solid plan in place to mitigate potential tax burdens in the future. Financial experts emphasize the need for proactive tax planning to avoid what is often referred to as a “tax time bomb” that can impact retirees when required
Despite the increase in mortgage rates and the rise in home supply, home prices in April continued to set new records. The S&P CoreLogic Case-Shiller National Home Price Index reported a 6.3% increase compared to the same period last year, marking the second consecutive month of a significant jump. According to Brian Luke, head of
Cisco’s Greater China head expressed confidence in the company’s growing business with Chinese electric car companies as they expand globally. The electric vehicle (EV) segment is becoming an important sector for Cisco in the region, with most of its revenue in Greater China coming from manufacturing companies. Among these, electric cars form the largest category,
The ongoing issues with the Free Application for Federal Student Aid (FAFSA) have created significant obstacles for high school seniors and their families. According to recent data from the National College Attainment Network, only 45% of high school graduates have completed the FAFSA as of June 14th, a decrease from 52% the previous year. The
The recent surge in inflation has left many retirees and near-retirees feeling the financial strain. According to a new study by Prudential Financial, 43% of 65-year-olds have postponed their retirement plans due to inflation, while one third of 55-year-olds are considering pushing off their retirement dates. These findings highlight the significant impact that rising prices