The recent devastating wildfires in California have sent shockwaves through the financial markets, particularly impacting utilities such as Edison International, which operates the Southern California Edison (SCE). On an alarming Wednesday, the company’s stock suffered a steep decline of 10.2%, closing even lower at 13% during the trading session. This significant drop is reflective of
In December, Federal Reserve officials convened to assess the implications of prevailing inflation levels and the uncertainty introduced by President-elect Donald Trump’s impending policies. The released minutes from the meeting indicate a significant deliberation regarding the pace of interest rate adjustments in light of fluctuating economic indicators and potential shifts in trade and immigration policies.
AppLovin, a firm entrenched in online gaming and digital advertising, experienced an extraordinary 45% surge in its stock value on Thursday. This leap followed the company’s release of an optimistic earnings forecast that surpassed analyst expectations, alongside earnings and revenue results that performed even better than anticipated. As of early afternoon trading, AppLovin shares soared
The U.S. residential real estate market is currently experiencing a juxtaposition of high demand and limited supply, a situation causing headaches not only for domestic buyers but also for international investors. Between April of the previous year and March of the current year, international purchases plunged to 54,300 existing homes, marking a staggering decline of
For travelers looking forward to international adventures, 2025 appears to be an opportune year. Recent insights from Hopper, a leading flight-tracking service, have revealed a noteworthy trend: long-haul flight prices have decreased compared to the previous year. Specifically, airfare between the U.S. and Asia has seen an 11% reduction, with average ticket prices now resting
The landscape of Social Security benefits has dramatically shifted following the recent enactment of the Social Security Fairness Act. Signed into law by President Joe Biden, this legislation stands to impact nearly 3 million individuals by re-establishing the benefits of those previously hindered by pension offsets associated with public sector employment. While this is largely
The looming deadline of January 15 for submitting estimated taxes is critical for taxpayers, particularly those who rely on variable income sources like freelance gigs, small businesses, or investment earnings. Failing to adhere to this deadline can lead to severe financial repercussions, as the IRS warns of potential penalties and interest charges that could complicate
In a surprising turn of events, stocks associated with quantum computing experienced a significant downturn on Wednesday, following remarks from Nvidia’s CEO, Jensen Huang. Huang’s prediction that practical quantum computers are at least 15 years away was startling to many investors who had recently propelled the sector to new heights. His timeframe insinuating that we
The home cleaning industry is witnessing a radical transformation, driven primarily by innovations in artificial intelligence (AI). One of the forefront companies in this domain, Roborock, unveiled its latest offering, the Saros Z70, which boasts a unique folding arm designed to detect and remove common household obstacles. This model is indicative of a significant shift
In the highly competitive electric vehicle (EV) market, Lucid Group has emerged as a notable player, albeit facing its fair share of challenges. As the company recently disclosed its third-quarter financial results, it showcased a slight beat against Wall Street expectations, a development that has reignited some investor interest. Reported figures indicated an adjusted loss