Sports betting has seen a surge in popularity since the lifting of the federal ban in 2018, with 38 states legalizing it and reaping substantial revenue. However, a recent paper titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlights the detrimental effects on financially distressed individuals. The study found that participants in online
Ford Motor recently announced a major shift in its electric vehicle strategy, delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee. The company also decided to cancel plans for a three-row electric SUV and prioritize the development of hybrid models and electric commercial vehicles. This decision marks a significant
Recent data from the Mortgage Bankers Association shows that mortgage rates have been falling for the past three weeks. Despite this trend, there has been a 15% drop in applications to refinance home loans compared to the previous week. This decline may be attributed to the fact that the demand for refinancing surged by 23%
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges in a landmark trial over allegations made by Hewlett Packard. The tech giant accused Lynch of artificially inflating the value of his company, Autonomy, when he sold it for $11.7 billion in 2011. Despite his acquittal, Lynch’s troubles were
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and projecting weak home improvement spending in the second half of the year. The company now expects total sales to range between $82.7 billion and $83.2 billion for the full year, a decrease from the $84 billion to $85 billion
Elliott Management has recently made some significant moves in the market, becoming one of the most active activist investors in the last few months. Some of their notable investments include Texas Instruments, Southwest Airlines, and Starbucks. While the stock of Texas Instruments has seen an increase of 1.7% since Elliott’s investment, Southwest Airlines has experienced
The recent enthusiastic reaction from Wall Street to solid earnings from Palo Alto Networks may be a sign of danger rather than success. While the stock surged more than 8% to reach roughly $372 per share after posting better-than-expected fiscal fourth-quarter earnings, this significant rally of approximately 27% since August 5 raises concerns about the
The comparison between the total cost of ownership for electric vehicles (EVs) and traditional gasoline cars is a critical factor for consumers considering making the switch to electric transportation. While EVs have the potential to be more cost-effective over the long term, there are several variables that can influence this decision. Factors such as upfront
As the 2026 elections approach, former President Donald Trump and Vice President Kamala Harris are unveiling their economic agendas that include significant tax changes. These changes have the potential to affect millions of Americans and will be a key issue for the next president. Without action from Congress, trillions in tax breaks enacted by Trump
In the wake of the Bank of England’s first interest rate cut in four years, Britain’s major high street lenders have been aggressively reducing their borrowing costs. This move has been fueled by a surge in homebuyer activity, with lenders such as Barclays, Halifax, HSBC, and NatWest now offering five-year fixed rate mortgages of under