The real estate market is experiencing a surge in new listings, with a 13% increase from a year ago as reported by Zillow. However, this influx of properties is not translating into quick sales due to escalating prices and interest rates. Senior economist at Zillow, Orphe Divounguy, points out that while there is an uptick
The Pentagon recently announced the first winning bidders in its rocket launch contract sweepstakes, with Jeff Bezos’ Blue Origin securing a spot for the first time. This development comes as part of the contracts awarded under the Pentagon’s $5.6 billion National Security Space Launch program. Elon Musk’s SpaceX and United Launch Alliance (ULA) were also
The financial technology industry has seen a significant downturn in investment recently, but CleverCards, a Dublin-based startup, has managed to defy the odds by securing 8 million euros ($8.6 million) in funding. This innovative company utilizes technology to address the issue of employees abusing corporate expenses. According to a global survey of CFOs conducted by
Christina Lewis has a unique background in the world of wealth management. From her early days as a young girl managing her father’s stock portfolio to her current venture, Beatrice Advisors, she has seen it all. The tragic loss of her father, Reginald Lewis, at a young age left her with a fortune and a
Recently, Keith Gill, also known as “Roaring Kitty” online, has been making headlines once again. This time, it seems that he has increased his ownership in GameStop’s common stock significantly. The latest disclosure shows that Gill is now holding over 9 million GameStop shares, along with cash reserves exceeding $6 million. This revelation has sparked
GameStop’s annual shareholder meeting was marred by chaos and confusion on Thursday as computer problems plagued the event. The servers hosting the virtual meeting crashed due to overwhelming interest in the stream, leaving many shareholders unable to access the event. Despite the meeting being scheduled to begin at 11 a.m. ET, users encountered error messages
In a recent Senate Budget Committee hearing, lawmakers and experts discussed various Democratic proposals for increasing taxes on corporations and wealthy Americans. The proponents of these plans argue that higher taxes are necessary to address income inequality and reduce the federal budget deficit. Joseph Stiglitz, a professor of economics at Columbia University, emphasized that higher
On Thursday, U.S. stocks experienced a mixed trading session with the S & P 500 edging lower while still near record highs. This was in response to May’s producer price index data, indicating a possible easing of inflation pressures. Additionally, weekly jobless claims came in higher than expected, suggesting a mild loosening in the labor
The financial technology industry is currently experiencing a shift towards what some industry executives and investors believe to be a “bottom.” The unsustainable highs of 2020 and 2021 have been corrected, leading to a market that has “recalibrated.” Embedded finance, where technology companies sell financial services software to other companies, has become more focused on
British financial technology firm Revolut has recently made headlines with its decision to relocate its official headquarters in London to Canary Wharf, the city’s major financial district. This move signifies a significant milestone in the company’s growth and expansion plans. Revolut is set to move its global headquarters to the YY London building in the