Edward Johnson 
(NewsNation) — Airbnb tumbled 13.4% on Wednesday after its profit in the second quarter fell short of analysts’ expectations, and it told investors that it saw some signs of slowing demand in the U.S. The company was down $17.46 to $113.01 by market close. That lagging demand is due to a number of reasons. Some … Read more
A Perth-based wireless earbud company, voted one of the best inventions of 2020, has appointed a voluntary administrator. Nuheara announced to the ASX it had been expecting a $2.5 million investment known as a convertible note from audio company Realtek Semiconducter Corporation that did not eventuate. It was also expecting a commercial and royalty agreement … Read more
UK house prices increased by 0.8% in July, and lower mortgage rates are expected to lead to continued growth throughout the rest of the year, according to the mortgage lender Halifax. The average house price in the UK across July was £291,268, a 0.8% rise on the £289,042 recorded in June. It marks a significant … Read more
Related video: How is AI affecting cybersecurity? (NEXSTAR) – The Federal Trade Commission (FTC) is sending payments to thousands of customers of the popular online shoe retailer Hey Dude as part of a deal to settle allegations that included refund violations and the suppression of user reviews. All told, the FTC will distribute nearly $1.9 … Read more
The chancellor, Rachel Reeves, met the bosses of Canada’s big retirement schemes in Toronto on Wednesday, prompting speculation that Labour is planning to bring the country’s public pension model to the UK. But what would that entail and could such a change actually work? How is a Canadian-style pension scheme different from the UK model? … Read more
It is less than a year since Elon Musk told advertisers who were shunning his social media site, X, that they could take their business elsewhere permanently. In fact, he encouraged them to do so. “Don’t advertise,” he said, amid a backlash over his endorsement of an antisemitic tweet. “If someone’s going to try to … Read more
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC’s Leslie Picker asked Dimon if he had changed his view from February that markets were too optimistic on … Read more
Kroger, Walmart, and McDonald’s. Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | Reuters Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians’ crosshairs. Walmart, McDonald’s and Kroger are just a few of the companies that have … Read more
(NewsNation) — The U.S. Federal Reserve does not need to make an emergency rate cut despite weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors. Sahm, who created something economists use to predict recessions called the Sahm rule, said the Federal Reserve does not need to cut interest rates, which would … Read more
Large & mid cap mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid … Read more
