Small-Cap Stocks and Dow Outperform Amid Market Rebound Category: Stocks Total Views: 95
By : Addison PerryUpdated: 07-25-2024
Wall Street Indexes Rebound on Strong GDP DataThursday's main indexes on Wall Street climbed in response to better than expected GDP data. While the Dow and small-cap stocks lagged, the Nasdaq and S&P corrected early losses. After the tech mauling of the last session, this rise brought relief. On route to recoup Wednesday's losses, the Russell 2000 jumped 2%. Investors questioned whether the recent turn to underperformance made sense. Most megacap stocks were set to prolong losse... Continue Reading
Magnificent Seven Stocks Hit Hard by Earnings Reports Category: Stocks Total Views: 58
By : Lucas YoungUpdated: 07-25-2024
Tech Giants' Earnings Disappoint, Sparking Market SelloffSignificant market selloff was started by Tesla and Alphabet's latest earnings releases. Investors worried about Tesla's lowest quarterly profit margin in five years. Anxiety about growing AI infrastructure costs and YouTube competition eclipsed Alphabet's better-than-expected earnings. With a tech-heavy Nasdaq Composite falling 3.6%, its worst day since October 2022. The S&P 500 likewise slumped 2.3%. This response... Continue Reading
SK Hynix Reports Record Profit Driven by AI Chip Demand Category: Stocks Total Views: 59
By : Evelyn BakerUpdated: 07-25-2024
SK Hynix Reports Highest Quarterly Profit Since 2018SK Hynix declared its highest quarterly profit since 2018. For the quarter April–June, the company declared an operating profit of 5.47 trillion won. From the loss of 2.9 trillion won a year before, this is a notable increase. The profit lines up with LSEG SmartEstimate's projections. Analyzes projected a good performance from SK Hynix. Three straight profitable quarters have come from the company. This represents a notable comeba... Continue Reading
June New Home Sales Drop Despite Easing Mortgage Rates Category: Real Estate Total Views: 47
By : Owen JenkinsUpdated: 07-25-2024
New Home Sales Drop to Seven-Month Low in JuneJune's sales of newly built single-family homes dropped to a seven-month low. With a 0.6% drop noted by the Census Bureau of the Commerce Department, the seasonally adjusted annual rate comes to 617,000 units. Since November, this represents the lowest level. May's sales pace, on the other hand, was raised from the earlier stated 619,000 units to 621,000 units. This surprising decline in June sales is unambiguous evidence that the recover... Continue Reading
Lineage Raises $4.45B in Historic IPO, Valued at $18B Category: Stocks Total Views: 54
By : Logan WrightUpdated: 07-25-2024
Lineage Achieves Historic IPO with $4.45 Billion RaiseWith its U.S. initial public offering, Lineage, the biggest cold-storage warehouse operator in the world, raised $4.45 billion. This is the largest worldwide stock market debut of this year. Pricing almost 57 million shares at $78 apiece comprised the IPO. At the top of its stated range, $70 to $82, this price was The company first intended to offer 47 million shares. Still, great demand resulted in the sale of extra shares. The IPO value... Continue Reading
Private Sector Employment Rises Despite Slower Momentum Category: Economy Total Views: 220
By : Dylan BaileyUpdated: 07-24-2024
U.S. Business Activity Hits 27-Month High in JulyJuly's 27-month high in U.S. business activity suggests strong economic momentum. Rising from 54.8 in June to 55.0, the flash U.S. Composite PMI Output Index from S&P Global Since April 2022 this is the highest level. Tracking both manufacturing and services, the index has a reading above 50 suggesting growth. Driven by notable increases in the services sector, this consistent increase points to robust private sector expansion. The ris... Continue Reading
How to Protect Your Rental Real Estate Investment Category: Real Estate Total Views: 222
By : Olivia TaylorUpdated: 07-24-2024
Introduction to Protecting Your Rental Real Estate InvestmentRenting real estate has become a go-to investment strategy these days. It's a good way to earn a consistent income and accumulate long-term wealth.However, renting a real estate property comes with many risks. Your tenant can file a lawsuit against you, property damage risk and unforeseen circ*mstances can all spoil your investment success.Therefore, be proactive in protecting your assets, and ensure a wise rental real ... Continue Reading
Weak Summer Demand, China Slowdown Hit Oil Markets Category: Markets Total Views: 187
By : Thomas CooperUpdated: 07-24-2024
Oil Prices Edge Higher Amid Canadian Wildfires and Falling U.S. Crude InventoriesThough they stayed close to their six-week low, oil prices slightly rose on Wednesday. Prices started to rise following three consecutive sessions of drop. Falling U.S. crude inventories and supply concerns from Canadian wildfires were mostly responsible for this. September Brent crude futures climbed 66 cents to $81.67 a barrel. September U.S. West Texas Intermediate (WTI) crude rose by 78 cents to $77.74 per b... Continue Reading
Tax Disputes and Litigation: Strategies for Effective Resolution Category: Personal Finance Total Views: 216
By : Kelly MartinUpdated: 07-24-2024
Introduction to Managing and Resolving Tax DisputesTax disputes are an unavoidable aspect of business that can arise at any time and involve complex legal and financial issues. Whether it's a dispute over tax returns, audit findings, or tax assessments, the potential implications for a business can be significant, affecting not just financial stability but also the reputation of the company. Preparing effectively can make a substantial difference in the resolution process.Preparing f... Continue Reading
3 Avoidable Marketing Mistakes Real Estate Startups Can Make Category: Real Estate Total Views: 202
By : Ryan HughesUpdated: 07-24-2024
Introduction to Effective Marketing Strategies for Real Estate StartupsStarting a business is no easy feat. There’s less comfort in knowing that 90% of startups fail, according to 2024 data sourced from Exploding Topics. The same report found that new business success rates are 10 to 20% over the long term.The odds against the real estate sector didn’t bode well. About 48% of real estate startups failed within four years. However, there’s still hope for aspiring entrepr... Continue Reading