The cost of prescription medications in the United States has seen a significant 37% increase since 2014, outpacing the rate of inflation by a wide margin. This surge in prices has led to heightened out-of-pocket expenses for consumers, with the average American now spending $16.26 per prescription. The rise in costs is especially burdensome for
The automotive industry is undergoing a significant transformation as Chinese automakers are poised to rapidly expand their presence in the global market. According to a new report by AlixPartners, these automakers are expected to achieve a 33% market share by 2030, a substantial increase from the forecasted 21% for this year. The growth is anticipated
Thursday saw a dramatic increase in Chewy shares after a mysterious post on social media platform X by Roaring Kitty, also known as Keith Gill. The post, featuring a cartoon dog that resembled the Chewy logo, caused the stocks to soar by as much as 34%. However, the gains were short-lived as the shares later
The recent reports in the real estate market indicate a cooling trend in home prices. While prices are still higher than they were a year ago, the rate of price gains is shrinking. According to Redfin, the typical house sold for slightly less than its asking price, marking a significant shift from previous years where
In a recent turn of events out of the fiscal third quarter of the year, Walgreens saw a staggering 20% decrease in its shares. This decline came as a result of underwhelming earnings and a lowered adjusted profit outlook, causing investors to lose confidence in the pharmacy giant. The company now expects earnings between $2.80
The upcoming 2024 presidential debate between President Joe Biden and former President Donald Trump is expected to shed light on their respective stances on tax policy. One of the key issues up for discussion is the fate of the expiring tax breaks introduced through the Tax Cuts and Jobs Act of 2017 (TCJA). If Congress
The recent financial report released by H&M sent shockwaves through the stock market as shares plummeted over 14% in response to lower-than-expected profits for the second quarter. Analysts had predicted an operating profit of 7.37 billion Swedish kroner, but the actual results fell short at 7.1 billion Swedish kroner. The company’s stock initially dropped 13%,
Cody Gude, a 35-year-old from Tampa, Florida, was eagerly anticipating a decrease in his student loan payment from $200 to $100 due to the rollout of the Saving on a Valuable Education (SAVE) plan by President Joe Biden. This lower monthly payment meant he would no longer have to work extra delivering groceries on Instacart.
The summer housing market is not shaping up to be any better than the weak spring market that preceded it. Despite high home prices and rising mortgage rates, consumers are showing little interest in increasing home listings. As a result, weekly mortgage demand has remained stagnant for the second consecutive week. The Mortgage Bankers Association
Southwest Airlines recently announced a significant decrease in its second-quarter revenue forecast, which resulted in a 4% drop in the company’s shares during premarket trading. The airline cited changing booking patterns as the main reason for this adjustment. Initially, Southwest expected a 1.5% to 3.5% decline in revenue per available seat mile for the second