Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
App
The stability of Bitcoin’s price is heavily influenced by upcoming economic data releases. Recent fluctuations in the cryptocurrency market, particularly in Bitcoin’s price, have been a result of traders awaiting key economic indicators to determine the next direction of movement. The movement of nearly $2 billion tokens between the wallets of a major crypto exchange
Municipal bonds have remained relatively stable, with the two-year muni-to-Treasury ratio coming in at 63%, indicating a slight shift in the market compared to previous days. Despite this stability, the overall trend in yields has been decreasing since the start of the summer. According to Tom Kozlik, managing director and head of public policy and
In a surprising move, Ford Motor recently announced that it will be reevaluating its diversity, equity, and inclusion (DEI) initiatives. This decision comes as part of the company’s efforts to adapt to the changing external and legal environment related to political and social issues. Ford’s decision to reassess its DEI policies has sparked a debate
Supporters of a national infrastructure bank are pushing for a bill introduced by Rep. Danny Davis, D-Ill., that aims to establish such a financial institution. They made their case at the Democratic National Convention, emphasizing the need to capitalize on the growing momentum around this issue. The National Infrastructure Bank Coalition utilized various platforms during
Polkadot, created by Gavin Wood, has faced challenges in building an active user base for decentralized applications (dApps). Compared to platforms like Ethereum, Solana, and Avalanche, Polkadot has lagged behind. One of the reasons for this struggle is its complex ecosystem, which can be intimidating for developers looking to get started. The Layer 0 architecture,
The recent news of falling mortgage rates for the fourth consecutive week has garnered mixed reactions from both current homeowners and potential homebuyers. Despite the decrease in average contract interest rates for 30-year fixed-rate mortgages, the response has been somewhat underwhelming. While there was a slight uptick of 0.5% in total mortgage application volume, this
Nvidia (NVDA) has undeniably been a key player in the AI-driven market rally over the past 18 months, mainly owing to its dominant position in GPUs that are essential for AI computation. As the market now grows more sensitive to the significant capital expenditures required to sustain this growth, investors are eagerly seeking more clarity
The municipal bond market saw mixed results on Tuesday as U.S. Treasury yields increased, while equities experienced a slight uptick towards the end of the trading day. This dynamic caused a variation in the muni-to-Treasury ratio across different maturities, with the two-year ratio at 63%, three-year at 66%, five-year at 66%, 10-year at 70%, and
After the market experienced a significant sell-off in early August, leading to a steep decline in stock prices, some stocks have shown resilience and potential for further growth. Equities have shown signs of recovery since the brutal sell-off on August 5th, with all three major indexes bouncing back. The S & P 500 has seen