The anticipated annual raise for workers in 2025 is set to decrease to 4.1%, a drop from the 4.5% seen this year. This change is primarily attributed to the dynamics of the supply and demand of labor, with affordability and industry-specific conditions playing secondary roles. The survey conducted by WTW, a consulting firm, with data
Despite a slight decrease in mortgage interest rates last week, potential homebuyers are still hesitant to make a move in the housing market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to 6.82%, the lowest level since February, but applications for a mortgage to purchase a home decreased by
The semiconductor industry has been a focal point in the ongoing trade tensions between the United States and China. Recent reports have shown that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue. According to analysts at Bank of America, China’s share of revenue for
Despite beating both top and bottom lines in the second quarter, Alphabet saw a 1% slip in its stock price during after-hours trading. The company earned $1.89 per share on $84.74 billion in revenue, surpassing consensus estimates. However, revenue in its YouTube advertising segment fell short of expectations. Tesla Shares of Tesla declined by 4.7%
The real estate market saw a significant decline in sales of previously owned homes in June, with a 5.4% drop compared to May. This trend continued from the previous year, with sales being 5.4% lower than in June of the previous year. This slowdown in sales can be attributed to a shift from a seller’s
Tesla is gearing up to unveil its second-quarter earnings after the market closes on Tuesday. Analysts from LSEG have predicted that the company will report earnings per share of 62 cents and revenue of $24.77 billion. This comes after a turbulent first half of the year for Tesla, which saw a reduction in workforce and
Despite data indicating a strong U.S. economy, a significant number of Americans believe otherwise. A recent survey conducted by Affirm revealed that 3 out of 5 adults view the country as being in a recession. This perception is fueled by factors such as rising costs and financial difficulties, which have led many to believe that
Coca-Cola recently announced an increase in its full-year outlook for 2024, citing global demand for its drinks as a key driver. The company now expects organic revenue growth of 9% to 10%, up from its previous forecast of 8% to 9%. This indicates a positive trend in consumer preference for Coca-Cola products worldwide. In terms
In light of recent bipartisan efforts, lawmakers have introduced a new bill that aims to address the controversial business practices of drug supply chain middlemen. These middlemen, also known as pharmacy benefit managers (PBMs), have long been accused of inflating prescription medication prices, ultimately harming U.S. patients and pharmacies. The legislation, known as the “Pharmacists
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