The anxiety this generation feels about never owning their own home affects their entire perception of their finances and the economy, says Mark Zandi, chief economist at Moody’s. “If they…
Category: Business News
Market shares increase by nearly 50% as demand for AI increases revenues
Unlock the Publisher’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Arm shares jumped nearly 50% on Thursday after the British…
Trump’s bid to disqualify from election receives skeptical reception from US Supreme Court By Reuters
©Reuters. FILE PHOTO: The U.S. Supreme Court in Washington, U.S., September 22, 2023. REUTERS/Evelyn Hockstein/File Photo By Andrew Chung, John Kruzel and Andrew Goudsward WASHINGTON (Reuters) -Donald Trump appeared headed…
S&P 500 Rises to 5,000, Masking Some Serious Problems Lurking, Charts Say
The 5,000 level for the S&P 500 seems like a foregone conclusion given the strength of mega-cap growth stocks, renewed fervor for any AI-related name, and emerging strength in other…
Lockdowns will be a drag on the economy for 40 years due to their impact on students, says OECD
As COVID-19 spread across the world in early 2020, governments rushed to close their countries’ borders, shut down businesses deemed nonessential, and withdraw children from schools in an effort to…
New York Community Bancorp’s credit rating was cut by Morningstar
United States Supreme Court: The court will hear oral arguments in the case of Trump vs. Anderson, former U.S. President Donald Trump’s request for the court to keep him on…
US driving hits new record in 2023, surpassing pre-COVID levels From Reuters
©Reuters. Vehicles are seen leaving the Burning Man festival in Black Rock City, Nevada, U.S., September 4, 2023. REUTERS/Matt Mills McKnight By David Shepardson WASHINGTON (Reuters) – Travel on U.S.…
Under Armor (UAA) earnings in the third quarter of 2024
The interior of an Under Armor store is seen on November 3, 2021 in Houston, Texas. Brandon Bell | Getty Images Under armour said Thursday that sales in the holiday…
Disney: Bob Iger’s ESPN launch with Fox and Warner Bros. Discovery conquers Wall Street
It seems Disney CEO Bob Iger is tired of playing catch-up when it comes to streaming. He wants his company to lead the conversation, and Wall Street is on board…
SoftBank’s profits beat forecasts by a wide margin as technology investments pay off
Unlock the Publisher’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Japanese SoftBank Group beat analysts’ expectations and posted a quarterly…