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
The dream of owning a home is becoming increasingly unattainable for renters, as revealed in a recent New York Federal Reserve survey. The survey found that only 13.4% of renters as of February have hopes of being able to afford a home in the future, marking a significant drop from previous years. This pessimism is
High-end fitness chain Equinox has recently launched an exclusive gym membership package called “Optimize by Equinox.” This program comes with a hefty price tag of $40,000 per year, making it one of the most expensive memberships in the world. The aim of this program is not just to provide traditional gym services but to go
Berkshire Hathaway, under the leadership of Warren Buffet, reported a significant surge in operating earnings in the first quarter of the year. The company’s operating profit reached $11.22 billion, marking a substantial increase of 39% from the previous year. This growth was mainly attributed to the rise in insurance underwriting earnings, particularly driven by the
Former Starbucks CEO Howard Schultz recently expressed his thoughts on the coffee chain’s disappointing quarterly report, stating that he believes the company has the potential to bounce back if it focuses on enhancing its U.S. stores. Schultz emphasized the need for a significant improvement in the mobile order and pay experience, along with a revamp
Growing up on a New Jersey farm, sisters Rebekah Alstede Modery and Sarah Alstede developed a strong connection to the family business. Rebekah, with a double major in agricultural business and sustainable agricultural production, graduated from Delaware Valley University and decided to continue her career at Alstede Farms. Sarah, on the other hand, pursued an
In today’s unpredictable market environment, investors are seeking out sources of stable income to protect their portfolios during turbulent times. One popular strategy is investing in dividend-paying stocks recommended by top Wall Street analysts. Chord Energy (CHRD), an oil and gas operator in the Williston Basin, is one such stock that has caught the attention
Warren Buffett’s Berkshire Hathaway has made a strategic decision to reduce its massive Apple stake in the first quarter, signaling a shift in the investment portfolio of the “Oracle of Omaha”. The conglomerate reported that its Apple bet was now valued at $135.4 billion, a significant decrease of approximately 13% in the stake. This move