Chewy shares experienced a significant rally after Roaring Kitty, also known as Keith Gill, posted a cryptic image resembling the online pet food retailer’s logo on a social media platform. This tactic, widely used by Gill to stir up trading in speculative names such as GameStop, initially drove up Chewy shares by as much as
Chinese automakers are on track to capture a significant portion of the global automotive market share by 2030, with estimates suggesting they could reach 33% of the market. This growth is expected to come primarily from markets outside of China, where sales are forecasted to triple from 3 million vehicles in 2021 to 9 million
Recent reports indicate that the heat in the housing market is starting to dissipate, with home prices showing signs of decline compared to this time last year. While prices are still higher than they were previously, the gains are shrinking, causing sellers to adjust their expectations. According to data from real estate brokerage Redfin, the
President Joe Biden and former President Donald Trump are gearing up for the first presidential debate of the 2024 general election. One of the key topics that experts believe will take center stage during this debate is tax policy. Both candidates will have the opportunity to showcase their stance on tax-related issues, particularly the Republicans’ expiring
Walgreens, a retail pharmacy giant, experienced a sharp decline in its shares by almost 20% following its disappointing fiscal third-quarter earnings report. The company cited a challenging environment for pharmacies and U.S. consumers as the primary reasons for its underperformance. CEO Tim Wentworth mentioned that the consumer’s resistance to current pricing and the shocking prices
H&M, the world’s second largest retailer, reported a smaller-than-expected increase in second-quarter profits, leading to a significant drop in their stock price. Operating profit for the period fell short of analysts’ expectations, causing shares to plummet over 13%. The company also expressed concerns about its June sales, citing bad weather as a potential hurdle. H&M
Cody Gude, a 35-year-old Tampa, Florida resident, was eagerly anticipating a decrease in his monthly student loan payment from $200 to $100 under the new Saving on a Valuable Education (SAVE) plan. The plan, introduced by President Joe Biden, promised to provide substantial relief to student loan borrowers by reducing their monthly payments based on
The ongoing trade tensions between China and the European Union have created an opportunity for collaboration in the electric vehicle industry. Wan Gang, the man behind China’s electric car strategy, believes that combining investments with commodity trade could be a beneficial move for both sides. Wan Gang, who is now the president of the China
President Joe Biden has made it clear that lowering U.S. drug prices is a top priority in both his health-care agenda and his reelection platform for 2024. This move is crucial in ensuring that older Americans enrolled in Medicare are able to access the medications they need without facing exorbitant costs. The Biden administration is
As we transition from a weaker-than-expected spring housing market, the summer season does not appear to hold much promise. The persistently high home prices are on the rise, while mortgage rates remain stagnant at recent highs. Moreover, consumers seem unenthused by the minimal increase in home listings. This lackluster scenario is vividly reflected in the