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
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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
The world of cryptocurrency has seen a dramatic increase in the population of crypto millionaires over the past year. A new report from New World Wealth and Henley & Partners revealed that the number of individuals holding more than $1 million in crypto assets has soared by 95%, reaching a total of 172,300 worldwide. This
As consumers eagerly await a potential interest rate cut by the Federal Reserve, the looming expiration of the National Flood Insurance Program (NFIP) is casting a shadow over the real estate market. The government-sponsored public insurance program, which is the largest flood insurer in the U.S., must be reauthorized by September 30 to continue issuing
Bank of America analysts recently released their recommendations for a number of buy-rated stocks, including Nvidia, Ralph Lauren, Yeti, Goldman Sachs, and GE Aerospace. While these recommendations may seem enticing at first glance, a closer look reveals some weaknesses in the analysis provided by the analysts. The analysts advised clients to buy any dip in
As of August 2024, shareholder returns for major homebuilders D.R. Horton and Lennar have surpassed the performance of the S&P 500. Despite this, analysts have recently downgraded the investment outlook for both companies. However, there is still a sense of optimism among some investors regarding the future performance of the industry. Industry observers note that
The stock market has been experiencing a rollercoaster of ups and downs, with unpredictable movements that have left investors on edge. From record climbs in July to a steep global sell-off in early August followed by a rebound rally, the recent market action has been far from stable. The S & P 500 slipped on
Despite a modest 1.3% increase in closed sales of previously owned homes in July compared to June, the National Association of Realtors reported that sales were still 2.5% lower than the same time last year. Lawrence Yun, NAR’s chief economist, acknowledged this sluggishness in the market and attributed it to several factors. Regional Disparities in
Recent data showing a revision of 818,000 fewer jobs added in the year to March 2024 has created a mixed reaction in the currency markets. The unexpected release of this data after the scheduled time caused confusion and led to choppy trading. Despite this revision, the economic outlook is unlikely to change significantly due to
Denver voters will have the opportunity to consider a sales tax increase on the upcoming Nov. 5 ballot. This measure, proposed by Mayor Mike Johnston, aims to raise approximately $100 million annually to address the affordable housing crisis in the city. The city council voted 9-4 in favor of the 0.5% tax hike, emphasizing the