The recent decrease in mortgage rates for the fourth consecutive week has not had a significant impact on either current homeowners or potential homebuyers. Despite the decrease in rates, the total mortgage application volume only rose by 0.5% compared to the previous week. This lackluster response indicates that the decrease in rates may not be
Shares of Chinese online retailer JD.com experienced a notable rise after the firm revealed its plans for a $5 billion buyback. The Hong Kong-listed shares of JD.com saw an increase of 1.2% on Wednesday, surpassing the decline on the Hang Seng index. Similarly, the U.S. listed shares of the company also rose by 2.24% following
The toy industry has faced a challenging time in the first half of 2024, with a decrease in sales attributed to inflationary pressures. However, amidst this downturn, one company has managed to thrive and gain market share – Lego. The Danish toymaker has reported a significant increase in revenue, showcasing its resilience and ability to
Xpeng, the Chinese electric car company, made headlines recently with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced starting as low as $16,812, received an overwhelming response with orders exceeding 10,000 in just 52 minutes after its formal launch in Beijing. This competitive pricing strategy positions Xpeng as a
One of the key highlights in the recent stock market trends is Nvidia’s remarkable performance. With a staggering increase of 179% in the last year and a surge of 159% in 2024, Nvidia is undoubtedly a stock to watch. However, despite these impressive numbers, the stock is currently 8.8% from its June 20 high. According
Tax-gain harvesting is a lesser-known strategy that can provide significant benefits when it comes to rebalancing your portfolio and saving on future taxes. This tactic involves strategically selling profitable assets in your brokerage account during lower-income years, such as early retirement or periods of unemployment. This strategy can be particularly advantageous during a strong year
Consumers looking to buy or sell a home have been eagerly waiting for the Federal Reserve to lower interest rates in September. However, another critical change that could have a significant impact on the real estate market is the potential lapse of the National Flood Insurance Program (NFIP) authorization by September 30. This article delves
The world has witnessed a staggering increase in the population of crypto millionaires, with a 95% surge over the past year. According to a report from New World Wealth and Henley & Partners, there are currently 172,300 individuals worldwide holding more than $1 million in crypto assets, a significant increase from the 88,200 reported last
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly anticipating the upcoming NBA season, not only for the on-court action but also for changes in how they will watch their favorite teams. Both franchises are making a significant shift by leaving their regional sports networks owned by Diamond Sports, according to a recent
Amazon’s retail business is facing a major financial challenge as it strives to generate more revenue. With the analysts at MoffettNathanson pointing out that the retail business needs to step up to fill the big shoes left by Amazon Web Services, the pressure is on for the retail sector to deliver. The profitability outlook for