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
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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
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
The Dow Jones Industrial Average has achieved a significant milestone by surpassing 40,000 points, a feat that may have seemed unattainable just a year ago. This achievement has been attributed to investor optimism surrounding the potential impact of artificial intelligence on corporate profits, as well as speculation that the Federal Reserve may reduce interest rates
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
Cisco recently reported its earnings and revenue for the fiscal third quarter, exceeding Wall Street’s expectations despite a decrease in sales compared to the previous year. The company’s stock surged by 8% in after-hours trading following the announcement. In terms of performance metrics, Cisco’s earnings per share of 88 cents surpassed the analyst consensus of
The U.S. Department of Education has extended the deadline for borrowers to request a loan consolidation in order to qualify for key student loan forgiveness. This initiative, which will combine federal student loans into one new federal loan, could potentially result in debt cancellation for borrowers. The deadline for this loan consolidation request has now
Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
Recent data shows that mortgage rates have reached their lowest level since April, providing some relief to potential buyers. However, the current state of the housing market still presents challenges for many individuals looking to purchase a home. While the average contract interest rate for 30-year fixed-rate mortgages has decreased slightly, the cost of homes
AMC Entertainment, the cinema chain that has been struggling with a massive debt load, is once again in the spotlight. With the recent surge in its stock price, driven by Reddit investors and the return of Keith Gill, also known as Roaring Kitty, AMC has a chance to address its financial challenges. Despite paying down