Sports betting in the U.S. has reached new heights with the NFL season underway. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion this season. This marks a significant increase of more than 30% from last year’s $26.7 billion in wagers. As the legalization of sports betting expands
Ulta Beauty shares took a significant hit in extended trading following the release of their second-quarter results, which fell short of expectations. The company reported a decline in comparable store sales, marking their first EPS miss since May 2020 and their first revenue miss since December 2020. The decline in same-store sales was a staggering
Young adults entering the labor market are facing numerous challenges that are impacting their ability to secure employment and further their education. With the rise of what is known as “disconnected youth” or NEETs, it is evident that a significant portion of the younger population is not engaged in meaningful activities. This article will delve
In a historic milestone, Warren Buffett’s Berkshire Hathaway has become the first non-technology company in the U.S. to reach a market capitalization of $1 trillion. This achievement comes amidst a year of impressive performance, with the conglomerate’s shares soaring over 28% in 2024, outperforming the S&P 500’s gain of 18%. The $1 trillion mark was
Nvidia, a prominent technology company, faced a slight dip in its fiscal second-quarter gross margin, leading to a decrease in its stock value in the U.S. premarket trade. Despite reporting impressive revenue growth of over $30 billion, up 122% year-on-year, the company struggled to meet the high expectations set by analysts and investors. As Nvidia
On Thursday morning, Gap shares were abruptly halted due to the early release of their quarterly earnings. This unexpected turn of events left investors wondering about the implications of this premature disclosure. According to Bloomberg, a presentation containing the results briefly surfaced on Gap’s website before being taken down. The sudden appearance of this information
China’s housing market continues to struggle despite various government stimulus efforts. JPMorgan economist Haibin Zhu believes that these measures have been inadequate in supporting the sector. Home prices are still facing downward pressure, with projections suggesting that stability may not be achieved until 2025 at the earliest. Recent data released by China Index Academy paints
The Rupert Murdoch-owned REA Group has recently announced its consideration of a takeover offer for the U.K. property portal Rightmove. This move reflects the company’s ambition to create a global digital real estate business. The Australian property listings company, controlled by Murdoch’s News Corp, is evaluating the option of a cash and share offer for
Travel spending among American households continues to outpace its pre-pandemic levels, driven by a strong interest in international trips. According to economists at the Bank of America Institute, vacationing abroad has become a key part of travel momentum in recent times. Despite a slight decrease in overall travel spending from 2023, it remains significantly higher
The British fund manager abdrn has predicted that the U.S. economy may experience a soft landing in the near future. However, there is still a looming risk of a prolonged slowdown in 2025, as highlighted by Kenneth Akintewe, the company’s head of Asian sovereign debt. During an interview on CNBC’s “Squawk Box Asia,” Akintewe raised