The International Monetary Fund (IMF) recently issued a warning regarding the increased upside risks to inflation, causing doubts about the possibility of multiple interest rate cuts by the Federal Reserve this year. According to the IMF’s latest World Economic Outlook update, there has been a slowdown in global disinflation momentum, indicating potential obstacles ahead. The
Gold prices surged to a record high on Tuesday as anticipation of a September interest rate cut fueled demand for bullion. Gold futures climbed 1.5% to $2,465.30, surpassing the previous peak of $2,454.20 set in May. Spot gold hit an all-time high of $2,465.19 during the session, marking a significant milestone in the precious metal’s
Bank of America reported second-quarter revenue and profit that exceeded expectations, showcasing a strong performance in investment banking and asset management fees. The earnings per share came in at 83 cents, surpassing the estimated 80 cents per share by LSEG. Additionally, the revenue reached $25.54 billion, beating the estimated $25.22 billion. Despite a 6.9% decrease
New Balance announced a new multiyear deal with the WNBA, signaling its commitment to women’s sports. This partnership will make New Balance an official partner of the WNBA, adding to a growing list of backers for the league. The deal includes broadcast, digital, and retail content featuring Los Angeles Sparks rookie forward Cameron Brink. This
In recent years, there has been a concerning trend in workplace engagement as more and more employees are becoming disengaged from their work and workplace. According to a 2023 Gallup poll, only one-third of full- and part-time employees are engaged, while approximately 50% are not engaged, and the remaining 16% are actively disengaged. This shift
Morgan Stanley has reported impressive second-quarter financial results, surpassing analysts’ expectations in both profit and revenue. The company reported earnings of $1.82 per share, exceeding the $1.65 per share estimate, and revenue of $15.02 billion, well above the $14.3 billion estimate. This significant outperformance can be attributed to the robust trading and investment banking results
Small-cap stocks have been gaining momentum in the current market conditions, outperforming megacap technology shares. The Russell 2000 index, which serves as a benchmark for small-cap stocks, experienced a notable 1% increase on Tuesday, reaching its highest level since January 2022. This surge follows a trend of positive movement, with the index showing potential for
While Delaware may be a small state, it offers a big boost when it comes to the affordability of housing. With one of the lowest property tax rates in the country, Delaware homeowners can enjoy a more affordable living situation compared to other states. This makes it an attractive option for prospective homebuyers looking to
In an effort to enhance online services for its users, the Social Security Administration is implementing updates to its online platforms. If you are a current user of the online “my Social Security” account and registered before September 18, 2021, it is crucial that you log in to ensure seamless access to your account. These
Deutsche Bank, a prominent financial institution, recently came under scrutiny for incorrectly disclosing deferred tax assets in its 2019 financial statement. The German regulator BaFin emphasized that the declarations on deferred tax assets were incomplete and did not meet international accounting standards. Specifically, 2.076 billion euros worth of deferred tax assets were not disclosed separately