Micron experienced a significant surge of over 14% in extended trading following the announcement of its second-quarter fiscal 2024 results. These results not only surpassed analysts’ expectations but also included promising guidance for the future. The company, known for manufacturing memory and storage solutions for computers, attributed its success to the flourishing artificial intelligence industry.
Sotheby’s, the esteemed auction house, is making a strategic move to expand its sports offerings to meet the growing demand for sports memorabilia and attract a younger audience. The recent announcement of its inaugural “Sports Week” event, featuring six live and online auctions with items from top athletes, demonstrates the company’s commitment to capitalizing on
As we enter the year 2024, the forecasted recession that was expected to take place never materialized. This unexpected turn of events has sparked optimism that the Federal Reserve will be able to navigate the current economic landscape and effectively reduce inflation without pushing the economy into a recession. However, there are still looming uncertainties
The luxury fashion industry has taken a hit with the recent news of French luxury group Kering experiencing a significant drop in shares. The main cause of this drop is the warning issued by the company regarding a potential 20% decline in Gucci sales in the first quarter of 2024. This decline is primarily attributed
It was recently revealed that insurance giant Chubb was in talks with Donald Trump and his co-defendants for a $464 million appeal bond in the former president’s civil fraud case. However, the company decided to back out of the agreement. This decision came as a surprise after Chubb had previously given Trump a bond in
The trade tensions between Europe and China are reaching new heights, primarily due to China’s increasing ability to manufacture goods more affordably in key strategic industries. Jens Eskelund, the president of the European Union Chamber of Commerce in China, expressed his concerns about the situation, labeling it as a “slow-motion train accident.” Eskelund emphasized that
In recent years, the Biden administration has made significant strides in forgiving student debt for qualifying borrowers. With almost 3.9 million individuals benefiting from loan cancellations totaling $138 billion, there is a growing sense of hope among borrowers. However, for those who have yet to qualify for debt relief, the process can seem daunting and
Social Security benefits can be a vital source of income for many individuals, but navigating the rules and nuances can be challenging. One valuable quirk for certain divorced spouses to be aware of is the potential for an increase in monthly benefits after the death of an ex-spouse. This means that in many cases, the
JetBlue Airways recently announced its decision to cut a number of routes as part of its cost-cutting strategy. This move comes in light of the company’s failed attempt to acquire Spirit Airlines and a technical issue with Pratt & Whitney engines on its Airbus fleet. The carrier will be reducing its daily departures from Los
Expatriates living abroad have been facing a multitude of challenges when it comes to filing their U.S. taxes. The process is often complex and overwhelming, leading to a growing number of expats considering renouncing their American citizenship. Let’s delve into the reasons behind this trend and explore the implications of such a decision. According to