China’s Property Market in Need of More Government Support to Prevent Deterioration Analysts are warning that China’s property market, a significant contributor to the country’s economy, requires further government backing to avoid further decline. In the month of October, prices for existing homes dropped by the largest margin since 2014, while outstanding property loans decreased…
Nvidia’s Stock Hits All-Time High on Eve of Earnings Report Shares of Nvidia soared to an all-time high on Monday, closing up 2.3% at a peak of over $503. The surge came just before the company’s fiscal third-quarter earnings release, where analysts are predicting a remarkable over 170% revenue growth. Furthermore, premonitions for the fiscal…
Toyota’s financing branch was fined $60 million by a federal consumer regulator for infringing on car buyers’ rights to cancel add-ons to their loans. The Consumer Financial Protection Bureau accused Toyota’s lending arm of illegally withholding refunds and making it difficult for borrowers to cancel unwanted services, ultimately tarnishing their credit reports. The average cost…
It’s Thanksgiving season, and all the focus is on the perfect feast. But let’s be honest, after slaving away to cook the turkey and all the other sides, dessert can seem like a daunting task. So, why not consider outsourcing the pie to your local supermarket? CNBC Make It recently conducted a taste test to…
Stock Market Sees Carnage Due to U.S. Monetary Policy Shift The Federal Reserve’s abandonment of easy-money policies has led to a fight to squash inflation, marking a dramatic shift in U.S. monetary policy. Investors have had to adapt to this new reality, with stock prices seeing significant drops since January 2022. Notably, major U.S. equity…
Midday Trading Update: Zoom Video Communications, Paramount Global, and Microsoft Make Headlines In today’s midday trading update, several companies are making headlines with significant stock movements. Zoom Video Communications saw an increase of nearly 2% ahead of its third-quarter earnings release, with analysts expecting $1.08 per share in earnings and revenue of $1.12 billion. Paramount…
US stocks rose on Monday as investors looked ahead at the Fed’s next rate move. Investors are pricing in a nearly 30% chance the Fed could cut rates by March. Traders have raised their expectations for the Fed to cut rates sometime early next year, thanks to inflation running at a below-expected 3.2% yearly pace…
The United States is ramping up its visa issuance in India, particularly in Hyderabad, with plans to open new consulates in Bengaluru and Ahmedabad. Eric Garcetti, the US Ambassador to New Delhi, revealed these developments on Monday. He also inspected the premises for the new consulate in Ahmedabad during his visit to the city to…
TIPPING FATIGUE: STUDY REVEALS FALLING AVERAGE TIPS AT RESTAURANTS A recent survey by the Pew Research Center found that 18% of people are tipping less than 15% for an average meal at a sit-down restaurant, with an additional 2% tipping nothing at all. The study polled 11,945 U.S. adults, with findings that surprised the co-author…
Warren Buffett, the billionaire investor, has accumulated a staggering $157 billion in cash and Treasuries through his company Berkshire Hathaway. This hefty cash pile is seen as a strategic move to position himself to make advantageous acquisitions and strike lucrative deals when the American economy inevitably falters, according to economist Steve Hanke. The well-respected investor’s…
