In July, closed sales of previously owned homes rose by 1.3% compared to the previous month. This increase marked the first gain in five months. Despite this improvement, sales were 2.5% lower than the same period last year. The Northeast saw the most significant gains in sales, while the Midwest experienced flat sales. Prices also
Bavarian Nordic, a Danish biotech company, saw a significant surge in its stock price by 13% following the release of its second-quarter earnings report. The company reported revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone, outperforming analyst expectations. This positive financial performance was reflected in the sharp
The future of Paramount Global is currently in a state of flux, as the special committee overseeing the company’s merger agreement faces competing bids from different parties. Edgar Bronfman Jr. initially offered $4.3 billion for National Amusements, the controlling shareholder of Paramount, in competition with Skydance Media’s previous merger agreement. However, Bronfman raised additional funds
When it comes to retirement planning, required minimum distributions (RMDs) are a necessary evil that retirees must navigate. However, instead of viewing RMDs as a burden, experts suggest that these mandatory withdrawals can actually be an opportunity to enhance your investment portfolio and overall financial strategy. Strategic Portfolio Trimming Certified financial planner Matthew Saneholtz emphasizes
The rise of online sports betting has had a significant impact on the personal finances of many individuals, especially those who are already facing financial distress. A recent research paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” sheds light on the detrimental effects of this growing trend. Following the Supreme Court’s decision
The trend of falling mortgage rates in the past few weeks has been significant, but it seems the rush to refinance has slowed down. Refinance applications dropped by 15% last week, which is a notable decrease. Despite this decline, there has been a substantial increase of 90% compared to the same period last year. The
Ford Motor recently announced a significant shift in its production plans, delaying the manufacturing of a next-generation all-electric pickup truck and canceling a three-row electric SUV. Instead, the company has decided to prioritize the development of hybrid models and electric commercial vehicles. This move signifies Ford’s commitment to delivering a capital-efficient and profitable electric vehicle
Lowe’s recent announcement of cutting its full-year forecast due to a decline in quarterly sales is a concerning development. The company now projects weaker home improvement spending in the second half of the year, which has led to a reduced total sales projection. The new forecast ranges between $82.7 billion and $83.2 billion, down from
In June, British technology entrepreneur Mike Lynch was cleared of fraud charges in a significant trial involving accusations from Hewlett Packard that he had misled the company about the value of his business, Autonomy. Lynch, once hailed as “Britain’s Bill Gates”, faced these allegations after selling Autonomy to HP for $11.7 billion in 2011. However,
Stocks @ Night is a popular daily newsletter that provides valuable insights into the world of stocks and investments. This article sheds light on some recent developments in the stock market and highlights the activist campaigns led by Elliott Management. It’s crucial to analyze these events carefully to understand their implications on the market and