Investors in the K-pop sector have faced a tumultuous start to the year, with lower fourth-quarter sales, decreased profits, and scandals impacting stock prices. The “big four” companies – JYP Entertainment, YG Entertainment, Hybe, and SM Entertainment – have all experienced declines in their stock prices since the beginning of the year. These market fluctuations
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United Airlines recently announced a significant reduction in its aircraft-delivery expectations for the year. Struggling with ongoing delays from Boeing, the airline has had to adjust its plans to reflect the reality of the situation. Originally anticipating the receipt of 101 new narrow-body planes in 2022, United now expects to only receive 61. Looking ahead
Federal Reserve Chair Jerome Powell recently addressed the state of the U.S. economy, indicating that while there are signs of strength in various aspects, inflation has not returned to the central bank’s target of 2%. This lack of progress on the inflation front suggests that interest rate cuts are unlikely in the near future. Despite
TGI Fridays and Hostmore, the U.K. franchisee, have recently announced plans to merge in an all-share deal valued at 177 million pounds, or $220 million. If the merger goes through, TGI Fridays will become publicly traded on the London Stock Exchange with the ticker symbol “TGIF.” Despite the merger, the company’s headquarters for its U.S.
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, shedding light on their financial situations and providing valuable lessons for average Americans. In 2023, President Biden and first lady Jill Biden reported a joint adjusted gross income of $619,976, marking a 7% increase from the previous year. They paid $146,629
The Biden administration recently unveiled a draft text of its proposed student loan forgiveness plan, aiming to alleviate the financial burden on millions of borrowers. The official rules are set to be published in the Federal Register, followed by a 30-day comment period. U.S. Secretary of Education Miguel Cardona expressed the administration’s commitment to revamping
Dr. Martens, the iconic shoemaker, experienced a significant blow as its shares plunged by 30% to hit a record low. The alarming drop came after the company released a trading update that highlighted a bleak outlook for 2025 due to weaker revenues. This unexpected announcement led to the temporary suspension of trading in the company’s
Boeing recently faced allegations from a whistleblower, Sam Salehpour, regarding the quality and safety testing on its 787 Dreamliner and 777 aircraft. Salehpour claimed that Boeing took “shortcuts” to speed up production, leading to potential issues with the planes’ lifespans. However, Boeing quickly denied these allegations, stating that they were “inaccurate” and affirming the safety
As the National College Decision Day approaches, many high school seniors are facing unprecedented challenges in making informed decisions about their college options. This year, delays in financial aid award letters have left students and their families in the dark about their financial commitments, making it difficult to choose the right college based on their
In a recent study by Northwestern Mutual, Americans cited $1.46 million as the amount they believe they will need to retire comfortably. This figure has increased significantly over the past few years, reflecting the rising cost of living in the country. However, experts caution against fixating on this “magic number” when planning for retirement. According