Today: 1. Jul, 2024
In a market environment fraught with mixed signals, U.S. stocks continue to waver near their record highs. On Tuesday, the S&P 500 inched up by 0.1% after reaching its 30th all-time high of the year just the day before. The Dow Jones…
In recent developments within the luxury retail sector, Neiman Marcus CEO Geoffroy van Raemdonck has firmly addressed the escalating rumours regarding a potential acquisition by Saks Fifth Avenue. Speaking to CNBC, van Raemdonck emphasized the company’s stable position, stating, “There’s no need…
As the golden years of retirement approach, many Americans envision a debt-free life. Historically, a single 30-year mortgage and a stable job were the cornerstones that led to a debt-free retirement. However, times have changed. The Federal Reserve reports a significant increase…
To counter inflation, the Federal Reserve is determined to persist in increasing interest rates, a move expected to cause a surge in corporate defaults in the coming months. As of May, the corporate default rate has risen, indicative of U.S. companies wrestling…
