United Parcel Service recently reported their second-quarter profit and revenue, which fell short of expectations. The company also decided to adjust their 2024 revenue guidance, now expecting it to be around $93 billion, a decrease from the initial forecast of $94.5 billion. Additionally, the company announced a decrease in full-year capital expenditures, now expected to
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Cryptocurrency enthusiasts eagerly anticipate the debut of spot ether exchange-traded funds (ETFs) on Tuesday. These ETFs are expected to increase interest in Ethereum, a blockchain technology that many believe has a broader range of applications compared to bitcoin. Unlike existing ether ETFs that track futures contracts, these new offerings will follow spot ether prices directly.
General Motors is expected to release its second-quarter results shortly, and analysts are predicting a positive outcome for the company. Amidst a challenging economic climate, GM is projected to maintain stable sales and vehicle prices, positioning itself as a standout among traditional Detroit automakers. Wall Street forecasts indicate earnings per share of $2.75 adjusted and
In a significant move for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the listing of exchange-traded funds (ETFs) that hold ether, the world’s second-largest cryptocurrency. This decision opens the door for investors to gain exposure to Ethereum through the traditional ETF format, potentially paving the way for increased mainstream adoption
As the frontrunner for the Democratic nomination following President Joe Biden’s withdrawal from the election, Vice President Kamala Harris is under scrutiny for her tax policy proposals. While Harris has not provided a detailed outline of her economic agenda, experts suggest that her vision may align closely with Biden’s plans. This could involve increased taxes
Warner Bros. Discovery has made it clear that they intend to exercise their matching rights for a package of NBA games that were initially earmarked for another company. This move was in response to the deal between NBC and Amazon Prime Video, as reported by sources familiar with the situation. Warner Bros. Discovery expressed their
Berkshire Hathaway recently made headlines by trimming its massive holding in Bank of America for the first time in over four years. This move came after Bank of America had a strong run in 2024. The conglomerate sold 33.9 million shares of the bank in separate sales, totaling almost $1.5 billion. This decision to reduce
As Gen Xers are reaching age milestones that enable penalty-free access to retirement funds, it is crucial for them to exercise caution when considering early withdrawals. While turning 59½ allows for penalty-free withdrawals from IRAs and 401(k)s, it is important to remember that it should be a last resort. Despite the appeal of accessing these
McDonald’s has decided to extend its $5 value meal promotion beyond its initial four-week window in most of its U.S. markets. According to a memo obtained by CNBC, nearly every business unit, encompassing 93% of its restaurants, has voted to extend the offer past the original end date. The majority of locations plan to extend
Ryanair, known as a budget airline, recently announced a 46% decrease in its quarterly profit after tax, causing shares to fall by 14.53%. This significant drop in profit came despite a 10% increase in passenger traffic to 55.5 million during the quarter. The profit after tax for the three months ending in June stood at