The housing market saw a 1.3% increase in closed sales of previously owned homes in July, breaking a streak of five months of decline. Despite this slight improvement, sales were still 2.5% lower compared to the same time last year. The Northeast experienced the largest gains in sales, while the Midwest remained flat. Additionally, home
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The recent financial performance of Danish biotech company Bavarian Nordic has exceeded expectations, leading to a significant boost in its share price. The company reported second quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone, surpassing the forecasts provided by analysts. This impressive showing resulted in a
The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period of its merger agreement with Skydance in response to a competing offer from Edgar Bronfman Jr. Initially offering $4.3 billion for National Amusements, Bronfman increased his bid to $6 billion, aiming to surpass the agreement with
After funneling money into pretax retirement accounts, you will eventually face mandatory withdrawals in retirement known as required minimum distributions, or RMDs. Since RMDs can trigger higher taxes, the withdrawals can be a nuisance for some retirees who do not need the money. However, experts suggest that this yearly activity could offer a chance to
Ford Motor recently announced that it is delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and has decided to cancel plans for a three-row electric SUV. The company is shifting its focus towards the development of hybrid models and electric commercial vehicles, such as a new electric commercial
The surge in online sports betting has had a detrimental effect on personal finances, especially for those who are already facing financial difficulties. According to the paper “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households”, the legalization of sports betting in 38 states since the overturning of a federal law in 2018 has turned
The recent decrease in mortgage rates was not enough to sustain the momentum of refinance applications, which dropped by 15% compared to the previous week. However, there was still a significant increase in volume, with a 90% rise from the same week last year. This surge in demand over the past four weeks can be
Lowe’s recent announcement of cutting its full-year forecast due to a decline in quarterly sales is a concerning development. The retailer revised its total sales projection from $84 billion to $85 billion down to between $82.7 billion and $83.2 billion. Furthermore, the company anticipates a fall in comparable sales by 3.5% to 4%, compared to