Homebuyers are increasing the amount they put down to purchase a home, with the average down payment reaching 13.6% in the first quarter of 2024. Contrary to common belief, the typical down payment is still well below the 20% mark that many consider to be the gold standard for home purchases. While 20% down offers
In a recent turn of events, shares of AMC Entertainment and GameStop have once again experienced a surge, fueled by a new wave of “meme stock” rally driven by social media. The resurgence of this trend can be attributed to a social media account called “Roaring Kitty,” which made its first post in three years,
AMC Entertainment recently made headlines by raising approximately $250 million through a new equity capital sale. This move came during a period characterized by the resurgence of meme stocks, fueled in part by the return of “Roaring Kitty.” The company initiated an at-the-market equity offering on March 28, ultimately selling 72.5 million shares at an
Alibaba recently reported a significant drop in net profit during the fiscal fourth quarter, causing its shares to plummet. The Chinese giant’s revenue for the quarter stood at 221.9 billion yuan ($30.7 billion), slightly exceeding the LSEG consensus estimates of 219.66 billion yuan. However, the net income attributable to ordinary shareholders saw an alarming 86%
Tencent has surpassed analyst expectations with its impressive revenue and profit figures for the first quarter of the year. The Chinese tech giant reported revenue of 159.5 billion Chinese yuan ($22 billion), outperforming the expected 158.4 billion yuan. Additionally, the profit attributable to equity holders of the company stood at 41.9 billion yuan, well above
In the fast-paced world of financial technology, companies like Klarna are continuously looking for innovative ways to stay ahead of the competition. Klarna, a Swedish fintech company known for its buy now, pay later services, has made significant strides in integrating artificial intelligence tools into its daily operations. With nearly 9 out of 10 employees
Being super rich may seem like a dream to many, but the reality is not always so glamorous. Therapists who work with ultra wealthy individuals have shed light on the challenges they face, and one of the top issues is chronic isolation. These individuals live in a rarified world where very few people can truly
As home values continue to rise, more Americans are finding themselves in a situation where they owe capital gains taxes when selling their property. This is mainly due to the fact that a growing number of home sales profits exceed the capital gains tax exclusion thresholds. The Section 121 exclusion rule is in place to
The recent resurgence of GameStop on Reddit’s WallStreetBets page has once again captivated the attention of investors and market watchers. The video game retailer, which became a meme stock in 2021, has seen a renewed interest on the platform with mentions exceeding 900 in the last seven days. This surge in activity has propelled GameStop
Novavax witnessed a surge in its stock price by 50% on Monday following a groundbreaking deal with French pharmaceutical giant, Sanofi. The deal, which was announced on Friday, not only doubled Novavax’s stock but also eliminated the company’s previous “going concern” warning, instilling hope in its stakeholders. This partnership has paved the way for Novavax