The second-quarter results for Detroit automakers are highly anticipated on Wall Street, with General Motors expected to shine brighter than its counterparts. Analysts predict a strong adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, GM is forecasted to report $45.46 billion in revenue, up by 1.6%
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Former President Donald Trump has recently secured the Republican presidential nomination, sparking interest from both political parties in Project 2025. This multi-faceted policy plan, created by The Heritage Foundation in collaboration with over 100 other conservative organizations, aims to bring about significant changes to the U.S. income tax system and revamp the IRS. The “Mandate
The 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. Some fans of the old game who have spent less time with their XBox and PlayStation in recent years are quickly realizing they’ve got a lot of practicing to do. A
In the ever-evolving landscape of wealth distribution, the number of individuals worth $30 million or more has seen a significant 8% increase in 2023. This surge has brought the total population of ultra-high-net-worth (UHNW) individuals to 426,330 worldwide, as reported by Altrata’s World Ultra Wealth Report 2024. It is worth noting that the United States
Volvo Cars experienced a significant increase in its annual operating profit for the second quarter, leading to a notable rise in the company’s shares. The core operating profit for the quarter reached 8.2 billion Swedish kronor, representing a 28% surge from the previous year. This achievement marks the highest figure for one individual quarter in
The stock market has seen significant gains since the last monthly meeting in June due to the anticipated Federal Reserve interest rate cut. Recent upbeat inflation data has propelled stocks to new highs, with the Dow Jones Industrial Average and the S&P 500 reaching all-time intraday highs. The Nasdaq Composite also hit a new high,
The mortgage market experienced a significant shift last week as mortgage rates plummeted to their lowest level since March. This led to a sudden surge in demand for refinancing among homeowners looking to take advantage of the favorable rates. According to the Mortgage Bankers Association, applications to refinance a home loan soared by 15% compared
Adidas shares jumped up after the company announced a significant increase in its full-year 2024 earnings guidance. This news came following a strong performance in the second quarter, surpassing expectations. The German sportswear giant is now anticipating its operating profit to hit around 1 billion euros by the end of 2024, a notable increase from
Gold prices hit a record high on Tuesday, reaching $2,465.30, fueled by the growing anticipation of a September interest rate cut. This surge in demand for bullion was further ignited by the softening inflation data in June and dovish comments from Federal Reserve Chair Jerome Powell. As a result, markets are now pricing in a
The 2023 Gallup poll on workplace engagement revealed some disheartening statistics – only one-third of employees are engaged, while approximately 50% are not engaged and 16% are actively disengaged. These numbers highlight a concerning trend where more and more employees are exhibiting signs of disengagement in the workplace. One manifestation of this disengagement is the