The U.S. Department of Justice has taken legal action against Live Nation, the parent company of Ticketmaster, alleging antitrust violations. This move, supported by 30 states and initiated on a Thursday, stems from a probe into Live Nation’s potential monopoly in the ticketing industry. The investigation was prompted in 2022 and gained traction following complaints
The mass migration of wealthy individuals from high-tax states like New York to Florida has resulted in record demand for household staff in elite Florida enclaves, particularly Palm Beach. According to staffing agencies, housekeepers in Palm Beach and South Florida are in high demand, with salaries often exceeding $150,000. Not only are there bidding wars
The sales of newly built homes saw a significant decline in April, dropping by 4.7% compared to March, and falling even further by 7.7% from the previous year. This decline can be attributed to a variety of factors, with one of the main reasons being the impact of higher mortgage rates on the market. The
Nvidia recently made headlines as its shares crossed the $1,000 mark for the first time in extended trading following a robust fiscal first-quarter earnings report. The company exceeded analyst estimates on both earnings per share and revenue, a testament to the strength of the AI boom that has captivated markets in recent months. This milestone
E.l.f. Beauty recently celebrated its first billion-dollar fiscal year with a remarkable 77% increase in sales. However, despite this significant achievement, the retailer’s shares experienced a decline as the company predicted a slowdown in its growth. This outlook came as a surprise to analysts as E.l.f. Beauty’s guidance fell below their expectations. In the fourth
The S&P 500 has been on a continuous upward trajectory, reaching record highs in recent times. Experts have observed a remarkable 53% surge since the peak of inflation in 2022. This growth has sparked concerns about a potential market correction, but some analysts believe there is still room for further expansion. Savita Subramanian, the head
The Consumer Financial Protection Bureau recently announced new regulations for the rapidly expanding buy now, pay later industry. This “interpretive rule” stipulates that BNPL lenders must adhere to the same federal protections as traditional credit card providers under the Truth in Lending Act. This move comes as a response to the industry’s exponential growth, dominated
The real estate market experienced a setback in April as sales of previously owned homes fell by 1.9% from the previous month, totaling 4.14 million units. This decline came as a surprise following the forecast of a slight gain in sales. The drop was also evident when compared to April of the previous year, marking
Recent data shows that mortgage interest rates have decreased for the third consecutive week, leading to a surge in demand for refinances. The Mortgage Bankers Association reported a 1.9% increase in total mortgage application volume compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages also saw a decrease, making refinancing
British regulators have handed down a hefty fine of £61.6 million to U.S. investment bank Citi for its failures in trading systems and controls. This significant penalty was imposed by both the Prudential Regulation Authority and the Financial Conduct Authority following an investigation that focused on the period between April 1, 2018, and May 31,