In an unprecedented move, the summer movie season of 2024 kicked off without a Marvel Cinematic Universe film for the first time in over a decade. This absence of a guaranteed blockbuster franchise was evident in the lackluster performance of Universal’s “The Fall Guy,” which only managed to bring in less than $28 million during
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British neobank, Monzo, announced on Wednesday that it has successfully raised an additional $190 million in funding. This brings their total fundraising for the year up to an impressive $610 million. The company disclosed that the funding came from new investors including Hedosophia, a known backer of top European fintechs such as N26 and Qonto.
New York City has been crowned as the richest city in the world, boasting a staggering 359,500 millionaires and 60 billionaires. This financial hub has seen a 48% increase in its millionaire population over the past decade, defying concerns of wealth flight and the impact of the Covid-19 pandemic. With a total wealth exceeding $3
The 30-year fixed-rate mortgage is a staple in the U.S. housing market, with most homebuyers opting for this option. However, the popularity and structure of this mortgage type may not be as common or easily accessible in other countries. In the following analysis, we will explore the reasons behind the uniqueness of the 30-year fixed-rate
Billionaire investor Stanley Druckenmiller recently made headlines by revealing his decision to drastically reduce his investment in chipmaker Nvidia. Druckenmiller cited concerns about the potential overvaluation of the artificial intelligence industry in the short term as a major factor in his decision. He stated that the rapid boom in artificial intelligence may have led to
The anticipated “great wealth transfer” from baby boomers to their children is a topic that has been gaining traction in recent years. Various studies have shown that millennials and Generation Z have high expectations when it comes to inheritances, with many believing that they will receive substantial sums of money. However, the reality may be
Disney has been a powerhouse in the entertainment industry for decades, but with the rise of streaming services, the company has had to adapt to stay relevant. In the second quarter, Disney came close to turning a profit in its streaming units for the first time, marking a significant shift in the company’s focus. The
Nintendo has recently hinted at a big announcement in the upcoming fiscal year – the successor to its popular Switch console. The news comes after the company reported a decline in profit due to slowing sales of the aging Switch. The new console is expected to be announced by March 2025, as confirmed by Nintendo
The annual trustees’ report released on Monday indicates that the trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected. This delay is attributed to more people contributing to the program amid a strong economy, low unemployment, and higher job
On Monday, U.S. stocks experienced a positive trend, building upon the gains from the previous session. The S&P 500, Dow, and Nasdaq all saw increases of over 1% following a softer-than-expected jobs report. Investors were optimistic about the Federal Reserve’s monetary tightening efforts, which seemed to be steering the U.S. economy towards potential interest rate