Ulta Beauty faced a major setback in the second quarter of the year, causing its shares to plummet by 7% in extended trading. The company not only failed to meet second-quarter expectations but also had to revise its full-year guidance due to a decline in same-store sales. This disappointing performance marks the first earnings per
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Nvidia, a prominent technology company, experienced a decline in its stock price during premarket trading in the United States. Despite reporting impressive revenue growth of over $30 billion in the fiscal second quarter, the company’s gross margin saw a slight decrease. This dip, coupled with the market’s high expectations for Nvidia, led to a 4.6%
In recent years, a disturbing trend has emerged in the labor market, impacting young adults between the ages of 18 to 24. A staggering 16% of this demographic falls into the category of “disconnected youth,” a term coined by the Federal Reserve Bank of St. Louis. These young individuals, also known as “NEETs” (not in
The housing market in China is currently facing significant challenges, with government stimulus measures failing to provide the necessary support. Despite various efforts to prop up the sector, including lowering homeowner borrowing costs, the housing market crash is far from over, according to Haibin Zhu, chief China economist at JPMorgan. Home prices are expected to
The latest research from the Bank of America reveals that travel spending among American households has exceeded pre-pandemic levels, with a particular emphasis on international trips. The study indicated a 10.6% increase in travel spending per household compared to 2019, supported by credit and debit card data from January to mid-August. This surge is attributed
REA Group, a property listings company controlled by Rupert Murdoch’s News Corp, has expressed interest in potentially acquiring U.K. property portal Rightmove. This move aims to create a global digital real estate business, expanding the reach and influence of both companies. The announcement of this potential takeover offer caused a significant increase in the share
British fund manager abrdn has predicted that the U.S. economy will experience a soft landing in the near future. However, there is still a significant risk of a prolonged slowdown in 2025, according to Kenneth Akintewe, the company’s head of Asian sovereign debt. Akintewe raised concerns about the Federal Reserve’s current policies, asking whether they
China’s monumental achievement in developing its first top-tier video game, Black Myth: Wukong, has not only shattered world records but has also indicated a significant shift in the country’s gaming landscape. The action-packed game, rooted in mythological China, garnered an outstanding 10 million units in sales within just three days of its launch on August
The S & P 500 saw a 0.7% increase despite Nvidia’s post-earnings decline. Although the AI chipmaker beat estimates on both the top and bottom lines, their full-year outlook on gross margins fell short of analysts’ expectations. Jim Cramer referred to this as the “mortal Jensen Huang moment” and advised investors not to rush into
As the Federal Reserve gears up to cut interest rates, the future of the U.S. economy seems uncertain. This uncertainty leaves many experts divided on how to navigate the economic landscape ahead. For retirees or those nearing retirement, the stakes are particularly high as they face the potential impact on their retirement savings. The looming