The global supply chain for many essential minerals is heavily dominated by China, including tungsten. Tungsten, a metal that is almost as hard as a diamond and possesses a high energy density, is a crucial material in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor
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The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give
Investors have been enjoying high returns on cash investments recently, with savings accounts offering annual percentage yields as high as 5%. However, some experts are cautioning against becoming too comfortable with these safe returns. Callie Cox, the chief market strategist at Ritholtz Wealth Management, pointed out that many investors, particularly younger ones, are over-allocating to
The Florida Panthers, the Stanley Cup champions, have recently announced a major change in their TV broadcast home. After signing a multiyear deal with E.W. Scripps, the Panthers will now have their preseason and regular season games, as well as round one of the playoffs, televised on local broadcast networks in Florida. This move marks
General Motors recently reported its best quarterly sales in over three years, with a notable increase in full-size pickup trucks and all-electric vehicles. The Detroit automaker revealed that its total sales for the second quarter reached 696,086 units, marking a 0.6% increase from the previous year. Despite this positive trend, EV sales only accounted for
As college applicants navigate through the challenging process of choosing a school in 2024, one overwhelming factor appears to be at the forefront of their decision-making process: financial aid. While financial aid has always played a significant role in determining where students choose to attend college, the ongoing issues with the new federal financial-aid application
Passion tourism has become a significant trend among Americans, with more and more people traveling overseas to fulfill their personal interests and hobbies. This trend has been highlighted by events such as annual Carnival festivals, total solar eclipses, major sporting events, and most recently, Taylor Swift concerts. According to travel experts, passion tourism is all
The Manhattan real estate market is currently experiencing a shift towards becoming a buyer’s market in 2024. Recent reports indicate that apartment prices have fallen while inventory has significantly increased in the second quarter of the year. The average real estate sales price in Manhattan has dropped by 3%, now standing slightly above $2 million.
The issue of youth unemployment is a challenging one that continues to persist, despite the overall low unemployment rate. A significant portion of young adults are categorized as NEETs – not in employment, education, or training. These individuals are often discouraged by their economic standing, leading them to opt out of the labor force altogether.
The stock market in the United States has seen a significant increase in concentration among just a few companies in recent years. According to a Morgan Stanley analysis, the top 10 stocks in the S&P 500 accounted for 27% of the index at the end of 2023, nearly double what it was a decade earlier.