The bulls achieved their desired outcome this week with cooler inflation data and record highs in the stock market. The Dow Jones Industrial Average closed above 40,000 for the first time, marking a 1.24% increase for the week. The S & P 500 and Nasdaq Composite also reached all-time highs, driven by the release of
App
The U.S. Securities and Exchange Commission is facing a crucial decision regarding the approval of ether exchange-traded funds, but according to Ric Edelman, head of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies is likely to result in another delay. Edelman emphasizes the need for updated regulations
As we approach the end of 2025, Americans are facing a looming tax crisis that could have significant implications for individual taxpayers. The Tax Cuts and Jobs Act of 2017, enacted by former President Donald Trump, is set to expire next year, leading to the expiration of trillions of dollars in tax breaks. With control
In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
The news that workers at the Mercedes-Benz plant in Alabama have voted against union representation by the United Auto Workers, as reported by the National Labor Relations Board, comes as a major blow to the UAW’s organizing efforts. The 56% of workers who voted against the union, totaling 2,642 individuals, have effectively halted the UAW’s
The U.S. Department of Education recently released the new interest rates on federal student loans, and the news was not comforting for parents planning to take out Direct PLUS loans for their children’s education. The interest rate for the 2024-2025 academic year is set at a staggering 9.08%, the highest it has been in over
The stock market experienced a relatively flat day on Friday, following a recent milestone where the Dow Jones Industrial Average surpassed 40,000 points for the first time. Despite achieving intraday records earlier in the week, the Nasdaq Composite and S & P 500 indices saw a slight dip by the close of trading. Jim Cramer
The Chinese government has recently announced new measures to bolster the real estate sector, particularly aimed at supporting state-owned enterprises (SOEs) in purchasing unsold apartments. This initiative is intended to provide more funding for developers to complete construction on pre-sold properties. People’s Bank of China Deputy Governor Tao Ling revealed that the central bank would
In recent months, economists have noted a deflationary trend in the prices of physical goods in the U.S. economy. The initial surge in demand for goods during the early days of the Covid-19 pandemic has now subsided, leading to a decrease in prices. Consumers who were confined to their homes turned to purchasing items such
In a recent quarterly report, Walmart has managed to surpass both revenue and earnings expectations. The company’s success can be attributed to its significant e-commerce gains, the success of newer businesses like advertising, and the ability to attract more high-income shoppers. During the three-month period that ended in April, Walmart reported an adjusted earnings per