In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. This uptick marked the first increase in sales in five months, providing a glimmer of hope for the sluggish housing market. Despite this improvement, sales were still 2.5% lower than the
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Bavarian Nordic, a Danish biotech company, experienced a surge in its stock price by 13% following the release of its second-quarter earnings report. The company reported revenues of 1.43 billion Danish krone and an operating profit of 420 million krone, surpassing analyst expectations. This positive financial performance contributed to the rise in shares during trading
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The future of Paramount Global is still up in the air, with a number of competing offers being thrown into the mix. Edgar Bronfman Jr. recently made a bid for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, initially offering $4.3 billion. However, shortly after, Bronfman upped the ante with a revised offer of
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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
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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
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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
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