In the past week, mortgage interest rates have seen a slight decrease, with the average rate for 30-year fixed-rate mortgages dropping to 6.82% from 6.87%. Despite this decrease, potential homebuyers are still hesitant to make a move. It seems that the decrease in rates is not significant enough to push buyers off the fence. The
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Despite the overall positive performance of the U.S. economy in recent years, a significant portion of Americans seem to perceive the country as being in a recession. Recent surveys have shown that approximately 3 in 5 individuals believe that the U.S. is currently experiencing a downturn in economic activity. While official data indicates that the
Coca-Cola recently adjusted its full-year outlook for 2024, showing positive growth in global demand for its drinks. The company now expects organic revenue growth between 9% to 10%, surpassing its previous forecast of 8% to 9%. In addition, Coke raised its outlook for comparable earnings growth to a range of 5% to 6%, up from
General Motors is on the verge of releasing its second-quarter results, and the anticipation is high. The traditional Detroit automaker is expected to outshine its competitors with stable sales and vehicle prices in the first half of the year. Analysts are predicting earnings per share of $2.75 adjusted and revenue of $45.46 billion. These figures
Warner Bros. Discovery has declared its intention to exercise its matching rights in response to the NBA’s decision to consider a package of games with Amazon Prime Video. This move comes as part of their effort to maintain their long-standing partnership with the league and ensure continued access to top-quality game coverage and iconic studio
Berkshire Hathaway, led by Warren Buffett, made the decision to trim its significant Bank of America holding for the first time in over 4 years. This move comes after the bank’s strong performance throughout 2024. The conglomerate sold a total of 33.9 million shares of Bank of America in separate sales conducted on Wednesday, Thursday,
In recent times, the world of pop music has shifted its focus towards themes of financial struggles, worker burnout, and economic uncertainty. Even though the economy is showing signs of growth and low unemployment rates, popular musicians like Taylor Swift and Beyoncé have tapped into the prevailing malaise through their latest albums. This shift in
Billionaire investor Ken Griffin made headlines recently when he purchased a late Jurassic st skeleton for a whopping $44.6 million at Sotheby’s auction. The stegosaurus, named “Apex,” is said to be the most valuable fossil ever sold at auction, surpassing all expectations. This unexpected purchase has once again highlighted Griffin’s affinity for unique and rare
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,
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