The housing market has seen a significant increase in the availability of newly constructed homes, with about 33.4% of single-family homes for sale in the first quarter being new builds. This surge in new construction represents almost double the pre-pandemic levels. It’s important to note that this uptick in new builds does not necessarily mean
In the world of home renovation, the focus is shifting towards exterior improvements that promise a high return on investment. According to the 2024 Cost vs. Value report from Zonda Media, projects like garage door replacements and steel front door upgrades are offering record-breaking returns averaging nearly 200%. This marks a significant shift from the
Red Lobster, a once-popular seafood chain, has recently filed for Chapter 11 bankruptcy protection in a bid to restructure, downsize, and potentially find a buyer. This move comes after years of financial struggles, exacerbated by mounting debt, long-term leases, and increased competition within the restaurant industry. The company’s current CEO, Jonathan Tibus, pointed to a
Low-cost carrier Ryanair recently announced its best-ever annual profit, with a significant jump in profit after tax to 1.92 billion euros. This increase can be attributed to a rise in revenue and passenger numbers throughout the year. Despite the positive outcome, the company has expressed concerns about a weaker pricing environment in the current quarter.
Traveling this summer has brought some relief for Americans in terms of airfare prices, with a general decrease in costs compared to the previous year. However, the scenario is not the same for all regions and destinations. According to data from travel site Hopper, certain international trips have become more expensive in 2024. For instance,
Many Americans hold a common misconception that Social Security benefits will disappear once the trust fund runs out. However, this fear is largely unfounded. Even if the trust funds are depleted, the program will still have revenue from payroll taxes to ensure that benefits continue to be paid out. It is crucial for individuals to
A favorable consumer price index report for April lifted investors’ hopes for rate cuts from the Federal Reserve – and that environment could prove favorable for dividend-paying stocks. A lower interest rate environment makes dividend payers more compelling to income investors, especially because those stocks would be offering competitive yields versus those of Treasurys. Recent
Palo Alto Networks (PANW) showed an impressive 6.9% increase in weekly gains. The cybersecurity giant experienced a significant surge on Wednesday, with a 3.57% jump following a positive note from Morgan Stanley before their quarterly earnings release. The stock received further momentum on Thursday due to news of an expanded partnership with IBM. Despite its
The recent stock market trends have been influenced by softer retail sales and consumer price data for April. Despite weaker-than-expected reports, Wall Street has viewed this as positive news, as it indicates further disinflation. This is significant as it plays a key role in the Federal Reserve’s potential decision to cut interest rates in 2024.
The U.S. Securities and Exchange Commission is expected to make a critical decision on approving ether exchange-traded funds next week. However, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals, the approval is likely to fail due to the absence of an overarching regulatory framework for all cryptocurrencies. Edelman emphasized the