Volvo Cars recently announced a revision to its margin and revenue targets, signaling a shift in its corporate strategy. The Swedish automaker, a majority-owned subsidiary of China’s Geely Holding, has adjusted its EBIT margin goal for 2026 to 7-8%, down from the previous target of “above 8%.” This decision was influenced by the increased complexity
Visa recently announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, skipping credit cards and the traditional direct debit process. This new service is designed to make transactions easier for consumers by allowing them to set up direct debits on merchants’ e-commerce stores with just a few clicks. This move
The landscape of the London property market is changing rapidly, with London landlords scrambling to sell their buy-to-let properties at record rates. The looming tax hikes from the U.K. Labour government have added further pressure to what was once considered a lucrative investment sector. Data from property portal Rightmove revealed that almost one-third (29%) of
In recent weeks, there has been a noticeable shift in mortgage demand towards refinancing due to a consistent decline in interest rates. The Mortgage Bankers Association reported a modest 1.6% increase in total mortgage application volume last week. This increase was primarily driven by a decrease in the average contract interest rate for 30-year fixed-rate
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, recently released an asset allocation report that sheds light on their members’ investment strategies. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in chip giant Nvidia. This decision was influenced by the belief that Nvidia’s current position as the undisputed leader
British financial technology firm Zilch recently announced a significant achievement by reporting its first-ever month of profit. This milestone is crucial for the company as it sets its sights on an eventual initial public offering. In a recent trading update, Zilch revealed that it achieved an operating profit in July 2024, just four years after
In a recent report by the Milken Institute on China’s best performing cities, Hangzhou, the capital of the eastern Zhejiang province, emerged as the top city in terms of economic vibrancy and growth prospects. Home to tech giants like Alibaba, Hangzhou has been at the forefront of China’s push towards technological innovation. However, not all
Sports team owners who have reaped the benefits of skyrocketing team values are now facing new challenges in the form of succession planning and taxes. As the average age of team owners continues to rise and team values hit the billions, there is growing concern about ensuring smooth ownership transitions to the next generation of
With the return of football, sports betting is expected to reach new heights this NFL season. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion, representing a substantial increase of over 30% compared to last year. Despite the growing popularity and legalization of sports betting in numerous states,
Steph Curry, the 10-time NBA All-Star and four-time NBA Champion, is already thinking ahead to life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his plans for the future, including his various business ventures and potential goals for after he hangs up his basketball sneakers. At 36 years old,