The Delaware College of Art and Design recently made the difficult decision to close its doors due to low enrollment numbers for the upcoming school year. This closure was attributed in part to issues with the new Free Application for Federal Student Aid (FAFSA). The college’s president, Jean Dahlgren, acknowledged the long-standing challenges faced by
Cathie Wood’s ARK Invest has recently made a significant move by taking a stake in Elon Musk’s startup xAI, further solidifying her big bet on artificial intelligence. This investment by ARK Venture Fund demonstrates their confidence in the potential growth and impact of AI technology in various industries. In addition to xAI, ARK Invest has
The recent increase in mortgage rates has had a direct impact on mortgage demand in the market. After a slight decline in rates during May, there was a noticeable uptick in rates last week. This rise in rates was reflected in the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances. The
Clean Energy Ventures recently announced the successful raise of $305 million for its second fund, showing a strong appetite for companies focused on decarbonization in private markets. The fund, which was initially targeting $200 million, was oversubscribed due to interest from limited partners such as The Grantham Foundation, Builders Vision, and Carbon Equity. This funding
Abercrombie & Fitch recently announced its strongest first quarter in company history, showcasing an impressive 22% increase in sales compared to the previous year. In addition, profits soared to nearly seven times higher than before, surpassing Wall Street’s estimates by a significant margin. The company’s reported net income for the period ending May 4 was
Dick’s Sporting Goods has reported a significant increase in sales, driven by customers spending more on new sneakers and athletic gear. The retailer saw a notable 5.3% growth in comparable sales during its fiscal first quarter, surpassing analyst expectations of 2.4%. This increase in sales was attributed to both an increase in transactions and higher
Recent trends show that Chinese travelers are increasingly favoring domestic destinations over international ones. A survey conducted by consulting firm Oliver Wyman revealed that only 14% of high-income households in mainland China, earning at least 30,000 yuan a month, plan to travel abroad again in 2024. The top reasons cited for this shift include the
The International Monetary Fund has revised its growth forecast for China for this year to 5%, up from the previous estimate of 4.6%. This revision is attributed to the robust first quarter figures and recent policy measures implemented by the Chinese government. Looking ahead, the IMF anticipates China’s economy to expand by 4.5% in 2025,
American Airlines recently announced a significant decrease in their sales outlook for the upcoming quarter. The company has cut down its expectations, now forecasting a unit revenue decline of up to 6% from the previous year. This marks a significant change from their initial projection of a 3% dip. Moreover, American Airlines has also adjusted
When it comes to claiming Social Security retirement benefits, experts agree that it’s generally best to delay claiming. This means waiting until full retirement age, which is typically between age 66 and 67, or even longer until age 70 to receive the highest benefit amount. Despite this advice, many individuals still choose to claim early