Siemens Energy experienced a significant surge in its shares, reportedly up to 13%, following the announcement of raised forecasts for the year and the departure of the CEO of its wind turbine unit. Jochen Eickholt will be stepping down from his position as CEO of Siemens Gamesa by mutual agreement on July 31, to be
Recent data on mortgage rates revealed a slight decline after weeks of steady increases. The average interest rate for 30-year fixed-rate mortgages dropped to 7.18% from 7.29%, leading to renewed interest in refinancing. This decrease was attributed to the news of a slowing job market, wage growth stagnation, and the Federal Reserve’s plan to ease
The recent decision by the Garrick Club in London to allow women to join its all-male institution for the first time in its nearly two-century history is a significant and long-overdue step. The exclusive club, which has been criticized for its patriarchal establishment, finally opened its doors to women with a vote that passed with
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
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