Ulta Beauty experienced a 7% decrease in shares after falling short of second-quarter expectations and revising its full-year guidance downwards. The company reported a decline in same-store sales, which came as a surprise to many investors. This marks Ulta’s first earnings per share miss since May 2020 and its first revenue miss since December 2020.
In the current labor market, young adults are facing significant challenges that are affecting their employment opportunities. A recent report by the Federal Reserve Bank of St. Louis reveals that around 16% of 18- to 24-year-olds are not employed or enrolled in high school or college, earning them the title of “disconnected youth.” These individuals,
Warren Buffett’s Berkshire Hathaway has made history by reaching a $1 trillion market capitalization, making it the first non-technology company in the U.S. to achieve this milestone. This significant achievement comes amidst a strong rally in the company’s shares, which have outperformed the S&P 500 by a considerable margin. Warren Buffett, also known as the
China’s housing market continues to face challenges despite various government stimulus efforts. According to JPMorgan economist Haibin Zhu, the housing market crash is far from over, and stabilization may not occur until 2025 at the earliest. Recent data has shown that new home sales are experiencing minimal growth, while resale home prices are on the
The research conducted by Bank of America indicates that travel spending among American households has surpassed pre-pandemic levels, with a particular surge in international trips. According to economists Taylor Bowley and Joe Wadford, the momentum in travel lies within vacationing abroad, with spending up by 10.6% per household compared to 2019. This trend is further
In a bold move, the Rupert Murdoch-owned REA Group has announced its contemplation of a takeover offer for the U.K. property portal Rightmove. The Australian property listings company, under the control of Murdoch’s News Corp, is looking to create a global digital real estate business. While no discussions have taken place yet, the declaration alone
As British fund manager abdrn predicts a potential soft landing for the U.S. economy, concerns about a prolonged slowdown in 2025 are still looming. Kenneth Akintewe, the company’s head of Asian sovereign debt, raised doubts about the Federal Reserve’s policy decisions, questioning whether they are heading towards a mistake. Akintewe highlighted the discrepancies in economic
The Thursday Morning Meeting livestream with Jim Cramer provided insights into the market performance for the day. Despite the S & P 500 advancing by 0.7%, tech giant Nvidia experienced a decline in share prices after beating estimates. Analysts were particularly concerned about the company’s full-year outlook on gross margins, causing a 3.5% drop in