Recent data from the National Association of Realtors revealed that signed sales contracts on existing homes plummeted by 7.7% in April compared to March. This sharp decline marks the slowest pace since April 2020, indicating a significant shift in the housing market. It was expected that sales would remain flat compared to the previous month,
Business
American Eagle recently reported weaker-than-expected fiscal first-quarter sales, which led to a 5% decline in shares during extended trading. Despite this setback, the company still managed to achieve a year-over-year revenue gain of 6%, setting a record for the first quarter. This demonstrates that while there are improvements being made in the company’s profitability, there
Porsche shocked the automotive industry by unveiling the first-ever production hybrid version of its iconic 911 sports car on Tuesday. The 2025 Porsche 911 Carrera GTS hybrid is set to make a significant impact on the market with its innovative design and performance capabilities. With a starting price of $164,900, this hybrid model is poised
In George Miller’s latest film “Furiosa,” the 4DX cinema experience takes movie-goers on an immersive journey like never before. The red paint flare exploding on the screen is just the beginning of a multi-sensory extravaganza that includes fog effects, motion seats, and even scents like chocolate wafting through the theater. This innovative approach to movie-watching
Traveling can be an expensive endeavor, and with the rising costs of accommodations, many travelers find themselves looking for more budget-friendly alternatives. Avid traveler Lora Bowler recently shared her experience of cutting back on vacation spending while still enjoying the luxuries of a five-star hotel through the use of hotel day passes. This trend of
Boeing and NASA are pressing forward with the launch of Boeing’s Starliner capsule, which is slated to transport U.S. astronauts for the first time, despite encountering a “stable” leak in the spacecraft’s propulsion system. The leak, identified as originating from a seal in one of the flanges of the spacecraft’s helium propulsion system, has raised
General Motors CEO and Chair Mary Barra has stated that she has no immediate plans to retire, emphasizing that she is fully committed to ensuring the company’s transformation is successful. Despite being questioned about retirement multiple times throughout her tenure, Barra remains focused on leading GM in the right direction. During Barra’s time as CEO,
The Consumer Financial Protection Bureau recently made a significant announcement regarding the buy now, pay later industry. This new “interpretive rule” now gives customers in this industry the same federal protections as those who use credit cards. This decision has major implications for the BNPL sector, which is currently dominated by fintech firms like Affirm,
Lowe’s surprised Wall Street analysts by surpassing both earnings and revenue expectations for the quarter. Despite a decrease in high-value purchases by do-it-yourself customers, the home improvement retailer managed to outperform market projections. This positive performance was in stark contrast to Home Depot’s recent results, where the company fell short of revenue expectations due to
Red Lobster’s recent decision to file for Chapter 11 bankruptcy protection has raised eyebrows in the restaurant industry. The seafood chain has cited a difficult macroeconomic environment, a bloated and underperforming restaurant footprint, failed strategic initiatives, and increased competition as the reasons behind this drastic move. With the burden of significant debt and long-term leases,