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
China’s foray into the top-tier video game market with Black Myth: Wukong has proven to be a huge success, shattering world records and showcasing the country’s potential in the global gaming industry. With over 10 million units sold in just three days after its launch on August 20, the action-packed game set in mythological China
As the Federal Reserve prepares to lower interest rates, the future of the U.S. economy is uncertain. Some experts warn of a potential recession, while others are optimistic that the central bank can steer the economy towards a “soft landing.” This division in opinions creates a sense of apprehension among individuals, especially those who are
Dividend-paying stocks are expected to outperform in the current market environment, especially with the Federal Reserve’s looming interest rate cut in September. This is due to the attractiveness of dividend yields compared to other income-generating assets such as bonds. However, selecting the right dividend stocks from the vast universe of companies can be a challenging