The latest data shows that U.S. homebuilders are feeling increasingly confident about the state of their businesses. This confidence has been steadily increasing for the past four months, with sentiment hitting its highest level since July. Despite persistent high mortgage rates, homebuilders are seeing better demand, leading to this positive shift in sentiment. One of
Business
Dick’s Sporting Goods recently announced a 10% increase in its dividend as it revealed its largest sales quarter in company history. The CEO, Lauren Hobart, attributed this sales growth to higher ticket items, whether through increased prices or more expensive products. Despite flat transactions, the company managed to break records during its fiscal fourth quarter
The recent announcement from Petco about CEO Ron Coughlin stepping down has sent shockwaves through the industry. Board member and Best Buy executive R. Michael Mohan will be taking over as interim chief executive while the company searches for a permanent replacement. This move comes as Coughlin will transition to serving as an advisor to
The Lego company managed to grow its sales by 2% last year, standing out in a global toy industry that saw a significant decline of 7%. Despite the challenges posed by rising inflation and increased credit card debt, Lego posted resilient sales with revenue reaching 65.9 billion Danish krone, equivalent to around $9.65 billion. CEO
Jessica Berman’s journey to becoming the commissioner of the National Women’s Soccer League was far from easy. She stepped into the role at a time when the league was facing allegations of emotional abuse and sexual misconduct, putting her in the position of having to turn around an organization in crisis. This required not only
The financial landscape of high-net-worth individuals has seen a significant shift in recent years, with the number of family offices worldwide tripling since 2019. According to a report from Preqin, there are now over 4,500 family offices globally, with North America leading the way with 1,682 family offices. The total assets managed by family offices
Robinhood, the financial services company known for its accessible investing platform, is making a strategic move into the sports, entertainment, and media industries through a partnership with Klutch Sport Group. This collaboration, announced recently, marks a significant step for Robinhood as it seeks to broaden its reach and connect with a larger audience. Rich Paul,
The recent announcement of a $1 billion-plus injection by New York Community Bank has once again highlighted the significant role played by private equity players in coming to the aid of wounded American lenders. In this case, ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital led the investment with a contribution of $450 million, alongside a
The Consumer Financial Protection Bureau recently announced a new rule that would limit the amount banks can charge customers for late fees to $8 per incident. This move is intended to provide relief to millions of credit card users who have been burdened by high late fees for years. By reducing the late fee to
New York Community Bank recently faced a significant blow as Moody’s Investors Service slashed the deposit rating of NYCB’s main banking subsidiary by four notches, to Ba3 from Baa2, marking it as three levels below investment grade. This downgrade has serious implications for the bank, as it could trigger contractual obligations from business clients of