The Dow Jones Industrial Average recently hit a historic milestone, crossing the 40,000 mark. This achievement comes at a time when investors are optimistic about the potential of artificial intelligence to drive corporate profits and speculate on the Federal Reserve’s possible rate cuts. It’s a significant moment that was unimaginable just a year ago. Let’s
Siemens, a leading German technology company, recently announced a decrease in profit for its industrial business during the fiscal second quarter. The company’s industrial profit fell to 2.51 billion euro, a 2% decline compared to the same period last year. This drop was unexpected as analysts had forecasted a higher profit of 2.68 billion euro.
Renowned investor Warren Buffett recently disclosed his latest stock pick in a regulatory filing, revealing that his conglomerate Berkshire Hathaway has acquired nearly 26 million shares of insurer Chubb. This sizable investment amounts to a stake worth $6.7 billion, making Chubb Berkshire’s ninth largest holding by the end of March. Following this announcement, shares of
Over the past decade, Shenzhen in China has seen unparalleled growth in its millionaire population, recording a staggering 140% increase. This growth eclipses that of other major Chinese cities such as Beijing and Shanghai, which saw more modest gains of 90% and 84%, respectively. In fact, Shenzhen has managed to outperform the country’s overall millionaire
Cisco reported earnings and revenue for the fiscal third quarter that exceeded Wall Street’s expectations. Despite a drop in sales from the previous year, the company’s stock saw an 8% increase in extended trading. The earnings per share stood at 88 cents, beating the expected 82 cents, while revenue reached $12.7 billion compared to the
Netflix’s latest announcement regarding its ad-supported tier has caught the attention of many, as the streaming giant revealed a significant increase in global monthly active users. The number has soared to 40 million, nearly doubling the previous figure of 23 million that was shared earlier this year in January. Back in November 2022, Netflix introduced
Nio, a Chinese electric car company, recently announced the launch of its new, lower-priced brand, Onvo, which aims to offer competitive pricing compared to Tesla. The first car under this brand, the L60 SUV, comes in at a price point that is approximately $4,000 cheaper than Tesla’s Model Y, making it an attractive option for
The U.S. Department of Education has announced an extension for borrowers to meet a crucial student loan forgiveness deadline. Borrowers who request a loan consolidation by June 30 will have the opportunity to combine their federal student loans into a new federal loan, potentially leading to the sooner cancellation of their debt. This extension gives
The recent decrease in mortgage rates, which dropped to the lowest level since April, might give some hope to potential homebuyers looking to enter the housing market. However, the reality is that many buyers are still struggling to afford homes in today’s market. Despite the slight decrease in rates, mortgage demand has remained relatively flat,
AMC Entertainment, along with GameStop, experienced a significant surge in stock prices following an online post by “Roaring Kitty,” also known as Keith Gill. This surge led AMC shares to more than double since Friday’s close, reaching above $6 in afternoon trading Tuesday. This resurgence of interest in AMC could potentially help the company address