Although the frenzy of home renovations seen during the pandemic has cooled off slightly, homeowners are still eager to invest in their living spaces as the spring housing market begins to heat up. According to the 2024 Cost vs. Value report from Zonda Media, certain home improvement projects are now offering the highest return on
Investment
Ares Capital (ARCC) is a company that focuses on financing solutions for small- and middle-market companies. The company recently announced its first-quarter results and declared a quarterly dividend of 48 cents per share. This dividend, which is payable on June 28, offers an attractive yield of 9.1%. Despite slightly missing the analyst’s estimate for core
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
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
The recent market data has played a significant role in shaping Wall Street’s behavior. Despite softer retail sales and consumer price data for April, the major averages closed higher for the week. This paradoxical trend of bad news leading to good news on Wall Street has been driven by signals pointing to further disinflation. The
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 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
China’s recent economic data has revealed a mixed picture of growth in April. Retail sales rose only 2.3% from a year ago, which was significantly lower than the 3.8% increase forecasted by a Reuters poll. This slow growth indicates a potential downturn in consumer spending, reflecting uncertainty about future income and cautiousness among consumers. On
Siemens, the renowned German technology giant, recently announced a decrease in profit from its industrial business in the fiscal second quarter. The company reported that its industrial profit amounted to 2.51 billion euro in the three months ending in March, marking a 2% decline from the previous year. This figure fell short of the analyst
Shenzhen, China, has seen an unprecedented growth in millionaires over the past decade, making it the fastest growing city in terms of wealthy individuals. According to a recent report by New World Wealth and Henley & Partners, Shenzhen recorded a whopping 140% increase in its millionaire count. This growth far surpasses that of other major