The toy industry experienced a notable sales decline due to inflation in the first half of 2024. However, amid this challenging environment, Lego managed to buck the trend by reporting a substantial revenue increase. The Danish toymaker’s revenue skyrocketed by 13% in the first six months of the year, reaching an impressive 31 billion Danish
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Xpeng, the Chinese electric car company, created waves in the industry with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced at a mere $16,812, has captured the attention of consumers, especially in comparison to Tesla’s cheapest Model 3. The overwhelming response to the Mona M03 was evident as orders
Tax-gain harvesting is a lesser-known strategy that can be incredibly beneficial for investors looking to rebalance their portfolios while saving on future taxes. This tactic involves strategically selling profitable assets in your brokerage account during lower-income years, such as early retirement or periods of unemployment. One of the main benefits of tax-gain harvesting is the
Amazon is facing a significant challenge in increasing revenue from its retail business. With short-attention-span consumers demanding bigger and better bargains, the bar is set high for the e-commerce giant. According to research firm MoffettNathanson, Amazon’s retail business needs to step up and fill the shoes left by Amazon Web Services (AWS) in terms of
The Russell 2000 index has been facing a profitability problem recently. While the index saw a 10.1% increase in July, it has since dropped by approximately 4% in August. This volatility in the small-cap index can be attributed to the composition of the companies within it. According to estimates from Apollo Global, 40% of the
The impending reauthorization deadline for the National Flood Insurance Program (NFIP) by September 30 has significant consequences for homeowners and potential homebuyers. Without the reauthorization, the NFIP will not be able to issue new policies or increase coverage on existing policies. This means that individuals in flood zones or those looking to purchase homes in
Fans of the Dallas Mavericks and New Orleans Pelicans are gearing up for the upcoming National Basketball Association season with anticipation of changes in how they consume local games. According to a recent bankruptcy court filing, both teams are parting ways with their regional sports networks owned by Diamond Sports. This shift is happening just
As the cost of attendance at colleges continues to soar, some institutions are approaching a figure close to six figures per year. The expenses, which include tuition, fees, room and board, books, transportation, and other miscellaneous costs, are becoming more and more burdensome for students and families. According to data provided to CNBC from The
Wall Street saw back-to-back weekly gains as it headed into an important week, featuring Nvidia earnings and updates on the Federal Reserve’s inflation gauge. The S & P 500 and Nasdaq rebounded after Thursday’s losses, closing the week with nearly a 1.5% increase, driven by optimism following Fed Chairman Jerome Powell’s speech at Jackson Hole.
As stocks rose on Wednesday, the focus was on retail giants such as Target and TJX. Target saw an 11% jump in its stock price, while TJX received a 6% bump. These gains are a reflection of the performance of retail earnings this season. Companies like Macy’s, despite falling nearly 13% in Wednesday’s session, indicate