The International Monetary Fund recently issued a warning regarding the heightened risks of inflation. According to the IMF’s latest World Economic Outlook update, there has been a slowdown in global disinflation, indicating potential obstacles ahead. The report highlighted the U.S. falling behind other major economies in terms of quantitative easing due to a rise in
The price of gold surged to a record high on Tuesday, reaching $2,465.30 as investors anticipated a potential interest rate cut in September. This marked a 1.5% increase from the previous high of $2,454.20 set back in May. The upswing continued as futures peaked at $2,467.30 per ounce during the trading session. Adding fuel to
New Balance recently made headlines by announcing a multi-year partnership with the Women’s National Basketball Association (WNBA), which is a significant move in the realm of women’s sports. This partnership will not only establish New Balance as an official sponsor of the WNBA but will also include collaborations in broadcast, digital, and retail spaces, featuring
The Social Security Administration is rolling out updates to its online services, and it is crucial for account holders to take action. If you created your online “my Social Security” account before Sept. 18, 2021, you will soon need to transition to a Login.gov account to access online Social Security services. These accounts provide access
When it comes to affordable housing, Delaware ranks high thanks to its low property taxes. This state offers an advantage to homeowners in terms of property taxes across the country. Even though housing affordability is average, the effective property tax rate in Delaware is less than half a percent, making it attractive to potential buyers.
Morgan Stanley recently reported that its second-quarter profit and revenue exceeded analysts’ estimates. The bank’s earnings of $1.82 per share surpassed the expected $1.65 per share, while revenue came in at $15.02 billion, compared to the estimated $14.3 billion. This success was driven by a 41% surge in profit from the year-earlier period, totaling $3.08
Bank of America reported a second-quarter performance that surpassed expectations, with earnings coming in at 83 cents a share, higher than the estimated 80 cents a share. The revenue also showed growth, reaching $25.54 billion compared to the estimated $25.22 billion. Despite a 6.9% decrease in profit from the previous year, the bank managed to
The surge in small-cap stocks has been making headlines recently, with the Russell 2000 index leading the bull market. The benchmark for small-cap stocks rose by 1% on Tuesday, reaching its highest level since January 2022. This surge is accompanied by hopes that interest rate cuts by the Federal Reserve will broaden the economic recovery
In recent years, there has been a concerning trend in workplace engagement where employees are disengaged or actively seeking ways to be disconnected from their work. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work, while 50% are not engaged, and another 16% are actively
The luxury fashion sector is currently facing significant challenges as economic and geopolitical uncertainties continue to persist. Hugo Boss recently cut its sales outlook, which caused its shares to drop by as much as 10%. This decision was driven by macroeconomic and geopolitical challenges, with specific mentions of struggles in the Chinese and U.K. markets.