In a recent report by the Milken Institute on China’s best performing cities, Hangzhou, the capital of the eastern Zhejiang province, emerged as the top city in terms of economic vibrancy and growth prospects. Home to tech giants like Alibaba, Hangzhou has been at the forefront of China’s push towards technological innovation. However, not all
Sports team owners who have reaped the benefits of skyrocketing team values are now facing new challenges in the form of succession planning and taxes. As the average age of team owners continues to rise and team values hit the billions, there is growing concern about ensuring smooth ownership transitions to the next generation of
With the return of football, sports betting is expected to reach new heights this NFL season. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion, representing a substantial increase of over 30% compared to last year. Despite the growing popularity and legalization of sports betting in numerous states,
Steph Curry, the 10-time NBA All-Star and four-time NBA Champion, is already thinking ahead to life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his plans for the future, including his various business ventures and potential goals for after he hangs up his basketball sneakers. At 36 years old,
CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results that beat LSEG consensus. The company’s earnings per share came in at $1.04 adjusted compared to the expected 97 cents, while revenue reached $963.9 million against the anticipated $959 million. Despite these positive numbers, CrowdStrike’s shares slipped 4% in extended trading following the announcement
Recent data from the Kaiser Family Foundation shows a significant increase in the number of Americans aged 55 to 64 opting for Marketplace health insurance. This trend is largely driven by the fact that most Americans are not eligible for Medicare before the age of 65, making this option a crucial one for younger retirees.
The stock market has exhibited some intriguing trends over the past few days, with notable shifts in various sectors impacting the overall performance. From Nvidia’s significant market value loss to fluctuations in the semiconductor and utility sectors, there are several key takeaways to consider. Nvidia experienced a massive $279 billion loss in market value in
Young adults often face the brunt of economic downturns, with many finding themselves disconnected from the labor force. A recent report by the Federal Reserve Bank of St. Louis highlighted that approximately 16% of 18- to 24-year-olds are neither employed nor enrolled in high school or college, earning them the moniker of “disconnected youth.” Factors
Gap shares were halted Thursday morning after an unexpected early release of their quarterly earnings results. The apparel retailer had intended to post their second-quarter earnings after the closing bell on Thursday. However, Bloomberg reported that a presentation showcasing the results briefly appeared on Gap’s website in the morning, causing confusion and speculation among investors.
Warren Buffett’s Berkshire Hathaway made history by becoming the first non-technology company in the U.S. to reach a market capitalization of $1 trillion. This milestone was achieved after the company’s shares rallied over 28% in 2024, outperforming the S&P 500’s gain of 18%. The significance of this achievement is heightened by the fact that it