FedEx experienced a significant surge in its share price, jumping over 15% after reporting stellar financial results that surpassed analysts’ expectations in both earnings and revenue. The company’s fiscal fourth-quarter performance exceeded Wall Street projections, with earnings per share coming in at $5.41 adjusted versus the expected $5.35, and revenue hitting $22.11 billion compared to
In recent years, China has been striving to increase the global use of its currency, the yuan, also known as “renminbi” or “RMB.” The dominance of the U.S. dollar in the international financial market has pushed Beijing to promote the yuan as an alternative. The CEO of Hong Kong Exchanges and Clearing Limited, Bonnie Chan,
The housing market in April of 2024 saw yet another record high in home prices, despite rising mortgage rates and an influx of homes for sale. Traditionally, in such scenarios, prices would start to weaken. However, the current state of the housing market is unparalleled in recent times. The S&P CoreLogic Case-Shiller National Home Price
As individuals approach retirement with significant pre-tax 401(k) balances, it is crucial to have a comprehensive plan in place to manage future tax implications. According to financial experts, diligent savers could potentially encounter a “tax time bomb” once required minimum distributions (RMDs) come into play during retirement. Certified financial planner Scott Bishop highlights the impact
The U.S. auto industry has seen a modest 2.9% increase in sales in the first half of the year compared to the previous year. However, experts are wary of the industry’s ability to sustain this growth trajectory for the remainder of the year. Various factors, including escalating vehicle inventory levels, rising incentives, and a sense
Recent data suggests that the typical newly constructed home on the market today is smaller than those available for purchase a decade ago. In the first quarter of 2024, the median size of a single-family home under construction was 2,140 square feet, a decrease from 2,256 square feet in the first quarter of 2023. The
In the face of an impending retirement savings crisis, there is a glimmer of hope for individuals with 401(k) plans and other retirement accounts that fall short of the necessary funds for a comfortable retirement. These individuals, known as “super savers,” are setting an example for others by diligently contributing more than 10% of their
The business relationship between Cisco and Chinese electric car companies has been a topic of interest recently. Ming Wong, Vice President and CEO of Cisco Greater China, expressed optimism about the company’s growing business with Chinese electric car companies as they expand overseas. Cisco’s presence in the electric vehicle (EV) segment in China is significant,
As the pace of inflation has gradually decreased from its peak in 2022, the repercussions are still being felt by retirees and individuals nearing retirement age. Recent research conducted by insurance company Prudential Financial indicates that a significant portion of Americans are making adjustments to their retirement plans in response to rising prices. According to
Financial aid has always been a crucial aspect for high school students looking to pursue higher education. However, the ongoing issues with the new Free Application for Federal Student Aid (FAFSA) have created significant barriers for students and their families. As of June 14, only 45% of high school graduates have completed the FAFSA, a