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Top 10 Most Recent Blog Posts
High Mortgage Rates Impact U.S. New Home Construction
Category: Real Estate Total Views: 182By : Editor Updated: 06-24-2024
Homebuilding Slows Significantly in May
American homebuilding fell off dramatically in May. Seasonally adjusted annual rate of 1.28 million homes was reported by the Census Bureau. It is less than the 1.38 million economists had projected and down from 1.35 million in April. With this slowdown, new home building is moving at its slowest rate since June 2020. High mortgage rates are a big part of this fall. The weak May performance of the housing market is indicative of more general economic d... Continue Reading
Nasdaq Hits Worst Day Since April Amid Tech Stock Selloff
Category: Markets Total Views: 206By : Editor Updated: 06-24-2024
Nasdaq Composite Experiences Worst Day Since April
Closing down 1.09%, the Nasdaq Composite had its worst day since April. Investors' departure from favored technology stocks caused the fall. A big change in market mood was signaled by this selloff. Among the worst hit stocks were those in semiconductors and artificial intelligence. Nvidia fell by about 7% on top of the 4% drop from the previous week. Qualcomm lost 5% and Super Micro Devices fell 8.7%. More than 4% fell off Broadcom as we... Continue Reading
Oracle Warning on Possible Business Impact from TikTok Ban
Category: Business Total Views: 183By : Editor Updated: 06-24-2024
Oracle Warns of Financial Impact from Potential TikTok Ban
A U.S. ban on TikTok, according to Oracle, could hurt the company's sales. In its yearly report, the company expressed this worry and underlined how dependent it is on its TikTok relationship. Oracle supplies TikTok, which has more than 150 million American users, with necessary cloud infrastructure services. Disruption of this service might result in large financial losses. According to the company, it might find it difficult to ... Continue Reading
Inflation Disrupts Retirement Plans Despite Slowing Rates
Category: Personal Finance Total Views: 202By : Editor Updated: 06-24-2024
Inflation's Lingering Impact on Retirement Plans
Although inflation has somewhat decreased since its peak in 2022, retirement plans are still greatly impacted. Higher expenses are still being adjusted to by many retirees and those getting close to retirement. People now find themselves having to reevaluate their financial plans. These continuous difficulties are highlighted by new research from Prudential Financial. Inflation has caused about half of those 65 years of age to postpone reti... Continue Reading
OpenAI's New Equity Policy: Equal Access for All Employees
Category: Business Total Views: 212By : Editor Updated: 06-24-2024
OpenAI Reverses Policy on Secondary Share Sales
With reference to secondary share sales, OpenAI has shifted its position. The firm will now let both present and former staff members to take part equally in yearly tender offers. This is a change from its earlier constrictive strategy, which limited involvement. With the adjustment, worries about shareholder liquidity are to be addressed. There is equity worth millions of dollars held by these shareholders. Shared via OpenAI's equity admini... Continue Reading
Nvidia Stock Dips 13% as Tech Sector Feels Impact
Category: Stocks Total Views: 242By : Editor Updated: 06-24-2024
Nvidia's Dramatic 13% Drop After Becoming Most Valuable Company
After briefly holding the title of most valuable company in the world, Nvidia's stock value precipitously fell by 13% recently. Three days in a row of trading saw the decline. Following Nvidia's peak market valuation of more than $3 trillion came this notable decline. The quick depreciation in value draws attention to the tech industry's instability. Even with the decline, Nvidia's stock has almost tripled in ... Continue Reading
EU Accuses Apple of Breaching New Tech Rules
Category: Business Total Views: 227By : Editor Updated: 06-24-2024
EU Regulators Accuse Apple of Violating Tech Rules
Apple has been charged with breaking the technological regulations of the European Union by regulators there. Apple's prohibition on pointing App Store users to other choices is the primary problem. Restrictions like this have regulators worried. The executive body of the EU, the European Commission, brought attention to this infraction. This charge is covered by the just passed Digital Markets Act (DMA). Aiming to limit the power of big ... Continue Reading
Yellen Announces Major $100M Affordable Housing Fund
Category: Economy Total Views: 244By : Editor Updated: 06-24-2024
Treasury Secretary Yellen Unveils $100 Million Affordable Housing Fund
Janet Yellen, the secretary of the Treasury, disclosed a $100 million fund set aside for affordable housing. With this project, the growing expenses of housing that many Americans are facing will be addressed. Yellen underlined the need of having reasonably priced housing for preserving economic growth. The money will be distributed during the next three years. It is a component of a national housing development strategy. ... Continue Reading
Trump Media Stock DJT Soars 20% Amid Market Rebound
Category: Stocks Total Views: 217By : Editor Updated: 06-24-2024
Trump Media Stock Surges 20% Amid Market Rebound
Over 20% increased in Trump Media shares on Monday morning. The stock price fell precipitously, almost half, before this rise. Around $33 a share was the price of the stock at 10:50 a.m. ET. Trade volume was far higher than average. For Trump Media, this price increase is a happy development. The stock closed at little more than $27 the Friday before. The company's relationship to former President Donald Trump makes its performance highly a... Continue Reading
Crypto Market Declines: Bitcoin and Altcoins Tumble
Category: Crypto Total Views: 240By : Editor Updated: 06-24-2024
Bitcoin Falls to $60,000 Mark to Start the Week
Monday saw a sharp drop in the price of bitcoin, which fell back to $60,000. This fall is consistent with a pattern that began a month ago when Bitcoin reached its lowest point in weeks. Over 4% fell out of the value of the flagship cryptocurrency, which ended up at $61,211. It once briefly hit $60,666 earlier in the day. This fall fits into a larger declining pattern that began last week, when the price of Bitcoin dropped by more than 8%.
Bi... Continue Reading