Discount home goods retailer Big Lots has recently filed for bankruptcy, signaling a major decline in its business operations. The company, known for its low-priced furniture and decor, has faced challenges due to high interest rates and a sluggish housing market. These factors have significantly slowed down the demand for its products, leading to a
The IRS is currently navigating through plans to prevent increased audits on taxpayers making less than $400,000. However, experts caution that certain aspects of your tax return can still draw attention from the IRS, regardless of your income level. The Treasury Inspector General for Tax Administration (TIGTA) recently reported that the IRS has made minimal
The Standard Chartered CEO, Bill Winters, recently expressed his views on the ongoing challenges in China’s property market. Despite various efforts to stabilize the market, Winters highlighted that the industry has yet to hit rock bottom. He emphasized that consumer confidence and international investor sentiment remain low, largely due to the lingering uncertainties surrounding the
China reported that its consumer price index rose by 0.6% year on year in August, falling short of expectations. The costs of transportation, home goods, and rents decreased during this period. Food prices, however, saw an increase of 2.8% year on year in August, the first positive reading since June 2023. Pork prices surged by
In the realm of the U.S. stock market, September got off to a rocky start, showcasing some indicators of economic weakness. However, amid the short-term fluctuations, investors on the lookout for potential stock picks can turn to the insights provided by top Wall Street analysts. These experts delve into deep research to evaluate a company’s
Renowned economist Joseph Stiglitz has been vocal about his dissatisfaction with the Federal Reserve’s past actions. He believes that the central bank has been too aggressive in its approach to monetary policy tightening, going “too far, too fast.” Stiglitz argues that this tightening has exacerbated the issue of inflation rather than resolving it. His stance
Seven & i Holdings has made a bold move by rejecting the takeover offer from Alimentation Couche-Tard, stating that the offer does not align with the best interests of its shareholders and stakeholders. The unanimous decision was communicated through a filing with the Tokyo Stock Exchange, where it was revealed that Couche-Tard had proposed to
Boeing’s Starliner recently departed from the International Space Station, albeit months behind schedule and without the expected crew members on board. Test pilots Butch Wilmore and Suni Williams remained at the ISS, with plans to return to Earth in February on SpaceX’s Dragon spacecraft. The undocking process, occurring at 6:04 p.m. ET on Friday, is
Broadcom recently reported its fiscal third-quarter results, surpassing Wall Street expectations for both revenue and earnings. Despite this positive outcome, Broadcom’s shares fell by 7% in extended trading. The company’s adjusted earnings per share stood at $1.24, beating the expected $1.20, while its revenue reached $13.07 billion compared to the estimated $12.97 billion. Although Broadcom’s
British luxury fashion house Burberry Group’s recent drop from the U.K.’s FTSE 100 stock market index has brought to light a series of issues plaguing the 168-year-old retailer. With declining sales and numerous management changes, Burberry’s once strong position in the market has been eroded, leading to its exit from the prestigious FTSE 100 blue-chip