The National Association of Realtors reported a 7.7% drop in signed sales contracts on existing homes in April compared to March, marking the slowest pace since April 2020. This decline was unexpected, as sales were projected to be flat. The decrease in sales is attributed to the sharp rise in mortgage rates during that period,
Business
American Eagle recently announced its fiscal first-quarter results, showing gains in boosting profitability through improvements in its product assortment and operations. Despite weaker sales than expected, the company reported a 6% increase in revenue year over year, setting a new record for the first quarter. However, shares fell about 5% in extended trading on Wednesday
Porsche recently unveiled the first-ever production hybrid version of its legendary 911 sports car, the 2025 911 Carrera GTS hybrid. This marks a significant milestone for the German automotive industry, as the focus shifts towards electrified vehicles and stricter fuel economy standards. Priced at $164,900, the new hybrid 911 combines cutting-edge technology with the iconic
In the world of modern cinema, the movie-watching experience has evolved significantly. With the advent of technology, filmmakers and theater owners are constantly looking for ways to immerse audiences in the narrative like never before. One such innovation in the field is the 4DX viewing experience, which offers a multi-sensory approach to traditional movie screenings.
Traveler Lora Bowler’s decision to cut back on vacation spending reflects a growing trend among consumers in the wake of the Covid-19 pandemic. Instead of splurging on expensive accommodations, Bowler has turned to hotel day passes as a more affordable way to enjoy luxury amenities. Hotel day passes provide guests with access to a wide
Despite a “stable” leak in the propulsion system, Boeing and NASA are pushing forward with the launch of the Starliner capsule. Mark Nappi, Boeing’s Vice President and manager of the Commercial Crew program, assured during a press conference that the identified causes of the leak are manageable and do not pose a safety of flight
General Motors’ CEO Mary Barra has made it clear that she has no plans of retiring any time soon. Despite being the longest-tenured CEO outside of the company’s founder, Barra is fully committed to ensuring that the company’s transformation remains on track. Over the years, there have been speculations about potential successors within GM as
The Consumer Financial Protection Bureau recently announced that customers in the booming buy now, pay later industry will now have the same federal protections as those using credit cards. This new “interpretive rule” under the Truth in Lending Act categorizes BNPL lenders in the same category as traditional credit card providers. This means that BNPL
Lowe’s recently released its quarterly earnings report, surpassing Wall Street’s expectations in both earnings per share and revenue despite a decrease in sales of pricey items bought by do-it-yourself customers. While its rival, Home Depot, fell short of revenue expectations due to market challenges and delayed seasonal trends, Lowe’s managed to stay afloat and even
Red Lobster, a popular seafood chain, has recently announced that it has filed for Chapter 11 bankruptcy protection as part of its efforts to downsize and attract potential buyers. With a stalking horse bid from its current lenders in place, Red Lobster is striving to navigate through significant debt and long-term lease obligations that have