In London, a significant number of landlords are choosing to sell their buy-to-let properties due to anticipated tax hikes from the U.K. Labour government. Recent data shows that almost one-third of homes for sale in the capital were previously rented out, indicating a growing trend of landlords exiting the market. This spike is reflective of
sales
Broadcom, as the third largest component in the VanEck Semiconductor ETF (SMH), has been a standout performer in the tech industry. With an impressive 38% increase in shares in 2024, the stock is up 16% over the past three months. However, despite these gains, Broadcom’s shares are still 17% below the June high. The SMH,
The mortgage market is currently experiencing a significant shift towards refinancing, with demand heavily skewed in that direction. According to the Mortgage Bankers Association, total mortgage application volume increased by just 1.6% last week, largely driven by refinancing applications. This shift is a result of interest rates declining for the fifth consecutive week. The average
British fintech company Zilch recently disclosed that it achieved its first-ever month of profit, signaling a significant achievement for the organization as it sets its sights on a potential initial public offering. The company, which operates in the buy now, pay later space and competes with prominent players like Klarna and Block, revealed that it
The latest Milken Institute’s best performing cities China index highlighted Hangzhou as the top-ranking city due to its status as the capital of the eastern Zhejiang province, home to tech giants like Alibaba. Hangzhou’s success can be attributed to its growth as a hub for e-commerce, manufacturing, and finance. However, the sustainability of this success
Gap shares were abruptly halted on Thursday morning due to the early release of their quarterly earnings results. This unexpected turn of events left investors and analysts puzzled as they awaited the official announcement scheduled for later that day. The apparel retailer’s second-quarter earnings report was eagerly anticipated, but the premature disclosure created a stir
Ulta Beauty shares took a significant hit, dropping 7% in extended trading following a disappointing second-quarter performance. The company failed to meet expectations and had to revise its full-year guidance due to a decline in same-store sales. This marks the first earnings per share miss for Ulta Beauty since May 2020 and the first revenue
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
Despite Nvidia’s post-earnings decline, the S & P 500 managed to advance by 0.7% on Thursday. The AI chipmaker’s shares tumbled by 3.5% after surpassing estimates on both revenue and profit. However, the company fell short of analysts’ expectations for its full-year outlook on gross margins. Jim Cramer referred to this as a setback for
China has taken a significant step in the gaming industry with its first top-tier video game, Black Myth: Wukong. This action-packed game set in mythological China has captured the attention of gamers worldwide and has broken several world records. In just three days after its launch on Aug. 20, Black Myth: Wukong sold over 10