In a pivotal development within the airline industry, American Airlines flight attendants have secured a five-year labor agreement that culminates lengthy and often contentious negotiations. Over 87% of the voting cabin crew members endorsed the contract, signaling a significant shift towards improved labor relations and compensation in the airline sector. Starting in October, eligible flight
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The landscape of American taxation is on the brink of significant change, with the upcoming expiration of comprehensive tax provisions outlined in the Tax Cuts and Jobs Act (TCJA) of 2017. As 2025 approaches, policymakers are embroiled in discussions about the future of taxation, which could have substantial implications for families, small businesses, and the
In July, China launched a bold initiative aiming to stimulate domestic consumption by encouraging trade-ins for household goods, such as cars and appliances, which aligns with its long-term economic goals. The government allocated a staggering 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds specifically designed for expanding policies around trade-ins and upgrades
Recent developments in the housing market, coupled with shifts in interest rates, present promising investment opportunities for stocks like Home Depot. Last week marked the purchase of additional shares of this renowned home improvement retailer, demonstrating a strategic approach amidst fluctuating economic conditions. Initially acquiring 50 shares at approximately $362, another batch followed just days
Ajit Jain, often recognized as one of the pivotal forces behind Berkshire Hathaway’s insurance operations, recently made headlines by divesting over half of his stake in the conglomerate. This decision has stirred speculation among investors and analysts alike, considering Jain’s longstanding affiliation with Berkshire, which began in 1986. According to a regulatory filing, Jain offloaded
China is experiencing a significant growth in its ultra-wealthy population, defined as individuals with a net worth of at least $30 million. According to projections in a Knight Frank wealth report, this group is expected to increase by almost 50% in the coming years, from 98,551 in 2023 to 144,897 by 2028. This growth is
Stocks @ Night is a daily newsletter that provides insights into the stock market after hours. It offers a sneak peek into the upcoming market trends and a review of the day’s activities. Nvidia experienced a significant swing in its share price, moving from session lows to the day’s high. The CEO’s positive statements at
Foot Locker recently reported a significant growth in comparable sales for the first time in six quarters. The beleaguered sneaker company saw a 2.6% increase in same-store sales, surpassing analysts’ expectations. This positive trend has been attributed to the company’s ongoing efforts to refresh its stores and enhance the customer experience. Moreover, Foot Locker’s gross
The housing market has seen a significant increase in home prices, leading to homeowners accumulating over $32 trillion in home equity as of the first quarter of 2024. This record-high level of equity has provided homeowners with an average of $214,000 in potential equity that can be tapped into, with 60% of homeowners having at
Dutch challenger bank Bunq recently announced its intention to increase its global headcount by 70% this year, with a goal of reaching over 700 employees. This decision comes at a time when many other fintech startups are downsizing. Bunq, which currently operates in various markets within the European Union, is looking to expand into new