CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results but faced a significant setback due to a global outage. Despite exceeding analyst expectations in terms of earnings per share and revenue, the company’s shares slipped 4% in extended trading. This decline was primarily attributed to a flawed content configuration update that caused widespread
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Warren Buffett’s Berkshire Hathaway made history by becoming the first non-technology company in the U.S. to hit a market cap of $1 trillion. The Omaha-based conglomerate’s shares have surged more than 28% in 2024, outperforming the S&P 500’s 18% gain. This achievement comes just two days before Buffett’s 94th birthday, adding to the significance of
China’s housing market continues to face challenges despite various government support measures. According to JPMorgan economist Haibin Zhu, the sector is still experiencing a downturn and home prices are not expected to stabilize until at least 2025. The latest data shows that the average price for new home sales in 100 Chinese cities has only
Travel spending among American households has surpassed pre-pandemic levels, with a significant portion of this increase attributable to international trips. According to economists at the Bank of America Institute, vacationing abroad has become a key driver of travel momentum. Despite a slight decrease in overall travel spending compared to 2023, expenditure remains significantly higher than
With the Federal Reserve contemplating the reduction of interest rates, the future of the U.S. economy hangs in the balance. The opinions among experts are split between the likelihood of a widespread economic decline, or even a recession, and the hopes that the central bank can prevent such a downturn and achieve a “soft landing”.
When considering dividend stocks, one of the top picks provided by Wall Street’s top pros on TipRanks is EPR Properties (EPR). This real estate investment trust specializes in experiential properties such as movie theaters, amusement parks, eat-and-play centers, and ski resorts. EPR offers a generous dividend yield of 7.3%, making it an attractive option for
American Eagle, a popular apparel company, faced challenges recently as it missed Wall Street’s sales targets for the second quarter in a row. The company’s revenue of $1.29 billion fell short of the expected $1.31 billion, leading to a decline in its shares by roughly 3% in early trading. Despite this setback, American Eagle’s profit
The trend of employers enrolling workers in 401(k) plans automatically has been on the rise. However, new research indicates that the outcomes of this strategy may not be as positive as once believed. Factors such as cashing out 401(k) balances when employees leave their jobs can significantly diminish the long-term benefits of policies like automatic
The once-thriving discount retailer, Dollar General, experienced a significant drop in its shares on Thursday. This unexpected tumble was a result of the company slashing its sales and profit guidance for the full year. The retailer, known for catering to lower-income customers in rural areas, is facing challenges in today’s economy. CEO Todd Vasos mentioned
Many investors are aware of the significance of asset allocation in building a well-balanced investment portfolio. However, what often gets overlooked is the importance of asset location. Asset location refers to the strategic placement of assets in different types of accounts to minimize tax liabilities and enhance after-tax returns. This strategy becomes particularly crucial for