In a historic achievement, Warren Buffett’s Berkshire Hathaway has reached a market capitalization of $1 trillion. This milestone marks the first time a non-technology company in the United States has surpassed this coveted threshold. Despite its “old-economy” focus, Berkshire Hathaway has seen an impressive rally in its share price, climbing more than 28% in 2024,
China’s housing market continues to face difficulties despite numerous attempts by the government to provide stimulus and support. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over, with stabilization not expected until 2025 at the earliest. Recent data released by China Index Academy shows that new home
Despite the ongoing impacts of the pandemic, Americans are showing a strong enthusiasm for international travel. According to research from Bank of America, travel spending among American households has surpassed pre-pandemic levels, with a significant portion of this spending allocated towards vacations abroad. This trend is further supported by data indicating that about 17% of
REA Group, a property listings company owned by Rupert Murdoch’s News Corp, has announced its consideration of a potential takeover offer for the U.K. property portal Rightmove. This move aims to establish a global digital real estate business and has sparked significant market interest. Following the announcement, shares of Rightmove experienced a notable 25% increase
British fund manager abdrn’s head of Asian sovereign debt, Kenneth Akintewe, has expressed concerns about a possible prolonged slowdown in the U.S. economy in 2025. He points to economic data, such as the non-farm payrolls, which have been later revised to show a weaker economic outlook. According to Akintewe, there is a risk that the
China’s entry into the top-tier video game market has made a significant impact with the release of Black Myth: Wukong. This action-packed game, set in mythological China, achieved unprecedented success by selling over 10 million units within just three days after its launch on Aug. 20. This feat catapulted the game to the second-highest revenue
The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s post-earnings decline. Even though the AI chipmaker outperformed estimates on both revenue and profit, the stock dropped 3.5% due to lower-than-expected full-year outlook on gross margins. Jim Cramer pointed out that Nvidia’s CEO, Jensen Huang, fell short of analysts’ high expectations. He
As the Federal Reserve considers lowering interest rates, there is a divide among experts regarding the future of the U.S. economy. While some fear a recession, others believe in the possibility of a “soft landing.” For those nearing retirement, the stakes are high. A sudden market decline or recession could drastically impact their retirement savings
Investors are constantly seeking opportunities to enhance their portfolios and generate income through dividend-paying stocks. With the Federal Reserve poised to cut interest rates in September, the allure of dividend stocks appears to be on the rise. In this article, we will delve into the analysis of three top dividend stocks as recommended by Wall
The year 2024 has witnessed a notable uptick in restaurant bankruptcy filings, underscoring a broader trend of increasing corporate bankruptcies spanning multiple sectors. Notably, a minimum of 10 restaurant chains, excluding multi-unit franchisees, have initiated bankruptcy proceedings. Among these, the month of August alone saw three Chapter 11 filings from prominent eateries, indicating the severity