British high street lenders, including Barclays, Halifax, HSBC, and NatWest, have been quick to respond to the Bank of England’s recent interest rate cut by slashing borrowing costs. This move has resulted in five-year fixed-rate mortgages being offered at under 4%, which is below the BOE’s key rate of 5%. According to a report from
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Alaska Airlines has successfully passed the scrutiny of the U.S. Justice Department in its bid to acquire Hawaiian Airlines. This milestone comes after a period of investigation into the $1.9 billion agreement between the two carriers, which was announced nearly eight months ago. With the clearance from the DOJ, the focus now shifts to obtaining
Boeing recently announced that it has decided to temporarily halt the flight tests of its 777X after a structure in one of the wide-body aircraft showed signs of damage. The company detected the issue in a custom part located between the engine and the airplane structure during routine maintenance procedures. As a precautionary measure, Boeing
The world-renowned luxury king, Bernard Arnault, founder and CEO of LVMH, has not only conquered the world of high-end fashion and exclusive brands, but he is also making a significant impact in the artificial intelligence (AI) industry. With a net worth of $184 billion, Arnault has been on a shopping spree for AI companies through
Estee Lauder, a renowned name in the prestige beauty market, recently faced challenges with its fiscal 2025 guidance. Despite capping off fiscal year 2024 on a positive note, the company’s forecast for the new fiscal year fell short of expectations. With organic net sales projected to decline or show minimal growth, and adjusted EPS forecasted
One of the top stock picks from Wall Street analysts is project management software provider Monday.com (MNDY). This company has recently impressed investors with its second-quarter results and raised its full-year outlook. The increase in demand from large customers has been a significant driver of growth for Monday.com. In fact, the number of paid customers
Gilead Sciences recently revealed a dangerous drug-counterfeiting operation that took place in two New York City pharmacies. The mastermind behind this operation was identified as Peter Khaim, a twice-convicted medical fraudster. He was described as one of the most brazen and largest manufacturers and sellers of counterfeit Gilead medications in the country. The scheme involved
Buffer ETFs are being touted as a potential solution for investors looking to hedge against recent market volatility. CEO of Innovator ETFs, Bruce Bond, believes that these exchange-traded funds offer a way for investors to gain exposure to the market while protecting themselves from downside risk. One example of a buffer ETF is the August
One of the key problems facing Starbucks, as highlighted by investors and executives, is the operational issues that have resulted in declining sales over recent quarters. The rise of mobile orders, accounting for roughly one-third of the total sales, has created chaos in stores, with frustrated customers and overwhelmed baristas. Former CEO Howard Schultz has
The federal minimum wage has remained at $7.25 per hour for the past 15 years, causing many workers to struggle to make ends meet. While some states have enacted higher minimum hourly pay rates, there are still 20 states where the minimum wage is no higher than the federal level. This stagnation has led to