Apple recently unveiled its latest products, including iPhones, Apple Watches, and AirPods. Despite the high anticipation for these releases, the market reaction was not as expected. Apple’s stock initially fell during the event but rallied towards the end of the day. While the stock is currently 7% below its all-time high in July, it has
Oracle recently reported its fiscal first-quarter results, showcasing impressive numbers that exceeded Wall Street estimates. The company’s earnings per share came in at $1.39 adjusted, surpassing the expected $1.32. Additionally, Oracle’s revenue for the quarter was $13.31 billion, exceeding the anticipated $13.23 billion. This strong performance led to a 9% surge in Oracle’s stock price
Big Lots, a prominent discount home goods retailer, recently made headlines with its decision to file for bankruptcy. The company cited high interest rates and a slow housing market as key factors that contributed to a decline in demand for its affordable furniture and decor offerings. Big Lots has reached an agreement to sell its
The IRS is currently in the process of avoiding increasing audits on taxpayers who earn less than $400,000 annually. However, regardless of your income level, there are certain aspects of your tax return that can attract scrutiny. While the government has instructed the IRS not to use additional funding for audits on small businesses or
Despite the economic turmoil faced by China in the past year, Standard Chartered CEO Bill Winters believes that the property market in China has not yet hit rock bottom. In an interview with CNBC, Winters expressed his views on the challenging investing environment in China, citing low consumer confidence and international investor confidence. He mentioned
China recently released its consumer price index data for August, revealing some surprising figures that missed expectations. This article will delve into the details of the report and analyze the implications of the findings. The consumer price index in China rose by 0.6% year on year in August, falling short of the forecasted 0.7% increase.
As September kicks off with turbulence in the stock market, there are still opportunities for investors to capitalize on. According to top Wall Street analysts, Planet Fitness (PLNT) is a stock worth considering. The company, a franchisor and operator of over 2,600 fitness centers, recently reported strong results for the second quarter and reiterated its
Vice President Kamala Harris recently announced a plan to raise the capital gains tax rate to 28% for households earning over $1 million annually. This proposal would mark an increase from the current rate of 20% that top earners are currently subject to. The intention behind this tax hike, according to Harris, is to incentivize
Boeing’s Starliner spacecraft recently undocked from the International Space Station, marking the end of a tumultuous test flight. Originally scheduled to depart months ago, the spacecraft left without the astronauts it had delivered to orbit in June. NASA test pilots Butch Wilmore and Suni Williams were supposed to return home on the Starliner, but instead,
Renowned economist Joseph Stiglitz, a Nobel Prize winner in Economics, has publicly criticized the Federal Reserve’s monetary policy and urged for a more aggressive approach towards interest rate cuts. Stiglitz argues that the Fed has tightened its policy too quickly, exacerbating the issue of inflation rather than mitigating it. He advocates for a half-point interest