On a seemingly routine Thursday night, the world witnessed yet another setback in the grand ambitions of SpaceX, when the spacecraft known as Starship met with a catastrophic failure during its eighth test flight. This incident, reminiscent of a previous mishap earlier this year, not only halted numerous flights across several Florida airports but also
In a compelling turn of events, Broadcom has recently exceeded earnings expectations that had many analysts holding their breath. Reporting first-quarter earnings of $1.60 per adjusted share against an anticipated $1.49, the semiconductor giant has not only silenced its critics but also reignited interest among investors. This significant earnings beat, combined with revenue reported at
As the number of multimillionaires climbs to staggering heights—over 2.3 million individuals boasting net assets north of $10 million—the United States continues to dominate this elite club, marking a profound divide in wealth distribution. According to Knight Frank’s latest Wealth Report, while the global population of high-net-worth individuals saw a 4.4% increase, North America’s numbers
In the intricate world of semiconductor stocks, where fortunes can swing based on seemingly minor shifts in guidance, Marvell Technology’s recent 17% stock plunge serves as a sharp reminder of the sophomore jitters that can plague once-celebrated companies. After a staggering 83% surge in 2024, the stock found itself under intense scrutiny when the chipmaker
The latest round of cuts to the Department of Education’s workforce is a harrowing blow for federal student loan borrowers seeking help in a system already drowning in issues. When the administration cuts down on staff responsible for handling complaints, the consequences are felt most profoundly by those already struggling with astronomical levels of debt.
As we delve deeper into the retail waves crashing against Macy’s, it’s hard to ignore the reality—a mixed bag of quarterly results emerging from yet another turbulent period for the iconic department store chain. Under the guidance of newly minted CEO Tony Spring, and with increasing pressure from activist investors intent on taking the company
As we delve deeper into the complexities of China’s fiscal policy, it is essential to recognize the current economic backdrop. Amidst a growing body of internal and external uncertainties, particularly in the face of escalating trade tensions with the U.S., Chinese Finance Minister Lan Fo’an recently delivered a rather optimistic outlook on the country’s financial
In the ever-evolving landscape of cybersecurity, CrowdStrike has found itself in murky waters, evidenced by a staggering 9% plunge in its stock price following a grim earnings forecast. The company, known for its high-tech solutions to protect against cyberthreats, faces an uphill battle due to a severe global IT outage that has unsettled many businesses.
As the dust settles on an astonishing influx of nearly 600,000 newly constructed multifamily units, the housing rental market remains an impenetrable fortress for many would-be tenants. This puzzling scenario has unfolded despite the flurry of construction that has reached historic heights, with outputs not seen since the halcyon days of 1974. One would assume
In a remarkable turn of events, a substantial 20.4% surge in mortgage application volume has reinvigorated the housing market. This surge can be traced back to a notable decline in mortgage interest rates, which has finally compelled both existing homeowners and prospective buyers to reconsider their positions. The Mortgage Bankers Association’s recent data highlights this