Buyers under contract on a condo this summer face a rule change on Aug. 3 that could delay closing or kill the deal outright. Fannie Mae and Freddie Mac have coordinated an overhaul of how Read more…
While the rise of Dior dates back to 1947 when the legendary French designer launched his debut “New Look” collection on Avenue Montaigne in Paris, it took more than 50 years for the fashion brand Read more…
Most bills that pass the House 414 to 2 don’t make the news. This one should. It landed on the Senate’s desk on July 30, and it has the potential to close a legal gap Read more…
USDJPY edged higher from new lowest level in almost three months, following three-day sharp fall on coordinated intervention by Japan’s authorities and US central bank, to support weakening yen. Massive intervention buying lifted yen against Read more…
In business, losing a bidding war is usually bad news. Old Dominion Freight Line (ODFL) lost one in 2023, and that defeat quietly became one of the smartest financial decisions in the company’s history. The Read more…
When it comes to picking a grocery store, location matters. “The share of men who preferred to shop in a grocery store because of its location was 47.5% — nearly 6 percentage points higher than Read more…
ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW’s stock price climbed toward $111 Read more…
US manufacturing gathered further momentum in July, with the ISM Manufacturing PMI rising to 55.6 from 53.3, its highest reading since May 2022 and well above market expectations. According to ISM, the latest reading is Read more…
Every investor has felt the itch to buy the one stock everyone else already owns. Fastly’s chart this year has that kind of pull, a steady climb that turns skeptics into buyers with each new Read more…
Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Read more…