Business

Legendary filmmaker George Lucas, known for creating the iconic Star Wars franchise, has stepped into the spotlight once again. This time, it’s not for his cutting-edge special effects or captivating storytelling, but for his support of Disney and CEO Bob Iger in their ongoing battle with activist investor Nelson Peltz. Lucas, who became a significant Disney shareholder after selling his …

The financial markets are eagerly awaiting the latest signals from Federal Reserve officials this week, with all eyes on the “dot plot” that will reveal their predictions for interest rate cuts in 2024. Following hotter-than-expected inflation readings, the consensus for three cuts in 2024 is now in question. Fed Chair Jay Powell and his colleagues are closely monitoring inflation to …

A recent study conducted by the National Institute of Mental Health has shed light on the concerning increase in mental health issues among young adults aged 18-25 during the ongoing pandemic. According to the study, a staggering 45% of participants reported experiencing heightened symptoms of anxiety and depression since the start of the pandemic. The study identified several factors contributing …

Inflation on the Rise Sparks Concerns for Economy Recent reports have shown that inflation is on the rise at a faster pace than anticipated, causing concerns among economists and investors. Data from a New York Federal Reserve survey revealed that consumer expectations over the long term have accelerated in February, indicating a growing unease about the durability of this trend. …

Mortgage Rates Fall for Second Week, Boosting Home-Purchase Applications In a bit of good news for potential home buyers, mortgage rates have fallen for the second consecutive week, according to Freddie Mac’s latest Primary Mortgage Market Survey. The average rate on the benchmark 30-year fixed mortgage dropped to 6.74% this week from 6.88% last week, while the average rate on …

Shoppers Go Crazy for Limited-Edition Mini Trader Joe’s Tote Bags A viral TikTok video has captured the frenzy as shoppers rushed to get their hands on limited-time mini Trader Joe’s tote bags. Priced at just $2.99, the bags are nearly identical to the company’s original canvas totes. The video, posted by user Elinor Kim, shows the chaos in the store …

In a surprising turn of events, emails released by OpenAI have revealed that tech mogul Elon Musk supported the company’s pivot to a for-profit model and even proposed merging it with his own company, Tesla. Musk, who co-founded OpenAI as a non-profit organization, left the board in 2018 due to potential conflicts with Tesla’s own AI efforts. The news comes …

Palantir Technologies (NYSE: PLTR) is making waves in the world of artificial intelligence (AI) and attracting investors looking for potential winners in this rapidly growing sector. The software-as-a-service company, with over 20 years of experience, has been helping customers aggregate data across their organizations. While Palantir has traditionally been known for its government contracts, it is now experiencing significant growth …

The Nikkei 225, Japan’s benchmark stock index, made headlines on Monday as it closed above the 40,000 mark for the first time, setting a new record high. The index ended the day 0.5% higher at 40,109.23, signaling strong investor confidence in the country’s economy. The positive momentum was not just limited to Japan, as the S&P500 and Nasdaq Composite in …

America’s $34 Trillion Debt Could Disrupt Global Economy, Warns Wharton Business School Professor Wharton Business School Professor Joao Gomes has issued a stark warning that America’s staggering $34 trillion debt could have dire consequences for the global economy as soon as next year if costly policies are pursued by the next president. Gomes predicts that the debt-to-GDP ratio could soar …