The latest research by Goldman Sachs economists has shed light on the potential consequences of U.S. immigration policies following the upcoming election. In 2020, net immigration to the U.S. soared to approximately 2.5 million individuals, significantly bolstering labor force and GDP growth, while also helping to mitigate wage pressures. Looking ahead to 2024, Goldman Sachs
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The box office has seen a resurgence in recent times, with Disney+ and Pixar maintaining a strong hold over moviegoers. Despite initial doubts about the impact of streaming services on theater attendance, it is clear that the release of “Inside Out 2” has generated significant buzz. The film is projected to have the biggest opening
The recent liquidation of China Evergrande Group has sent shockwaves through the financial world. Once the largest property developer in China, Evergrande’s failure to deliver a restructuring plan for its $23 billion worth of offshore debt led to a court-ordered liquidation in January. As part of the liquidation process, lawyers appointed by the liquidators are
As central bank decisions in Britain, Switzerland, and Norway loom, the global rate cutting trend is expected to slow down, signaling a potential shift in monetary policy. The Bank of England is unlikely to cut rates before July 4th, shattering hopes for an immediate rate cut. Market expectations point towards easing in the near future,
The recent decision by the Bank of Japan to trim bond buying in the future has sent shockwaves through the market. While the central bank has stated that it will continue to buy government bonds at the current pace, the lack of a specific plan regarding the reduction until the next meeting in July has
Elon Musk, the visionary CEO of Tesla, made bold claims at the 2024 annual shareholder meeting about the potential impact of Optimus humanoid robots on the future of the company. Despite his track record of ambitious promises, Musk’s vision for the future of Tesla is centered around advancements in robotics, artificial intelligence, and autonomous driving.
GameStop’s annual shareholder meeting faced a major setback on Thursday as computer problems caused servers to crash under overwhelming interest in the stream. According to a customer service representative for the company hosting the stream, the meeting was scheduled to begin at 11 a.m. ET and was hosted on ComputerShare. However, when attendees tried to
Keith Gill, the individual known as “Roaring Kitty” on online forums, recently shared an update on Reddit’s Superstonk forum regarding his ownership of GameStop’s common stock. In a new screenshot of his E-Trade portfolio posted after the market close on Thursday, it was revealed that Gill now holds over 9 million GameStop shares along with
Disney/Pixar’s highly anticipated sequel, Inside Out 2, made a remarkable debut at the international box office with a stellar performance in its first full day of play. The film opened at No. 1 in each of its eight major markets, including Korea, Germany, and the Philippines. With a total overseas gross of $4.9M on its
The financial technology industry has undergone a significant transformation in recent years, with many industry executives and investors believing that the sector has finally reached a “bottom.” During the Money20/20 event in Amsterdam, executives shared their views with CNBC on how valuations have adjusted from unsustainable highs in the industry’s peak years of 2020 and
The recent announcement by the European Union to impose higher tariffs of up to 38% on Chinese electric vehicles (EVs) has created a ripple effect in the market. Following this news, shares of Chinese EV makers experienced a surge in value, with Hong Kong’s Hang Seng index seeing a notable increase of 1.23% at the
The decision by the European Union to impose additional tariffs on Chinese electric vehicles has sparked backlash from China and various stakeholders involved in the dispute. Chinese state news agency Xinhua expressed hope that the EU would reconsider its tariffs and avoid hindering competition in the auto industry. The opposition from China and others emphasizes
Elon Musk announced on social media that Tesla shareholders were voting to approve a $56 billion pay package for him, and also to move the legal home of the electric vehicle maker to Texas. The voting results indicated wide margins in favor of both proposals. Shareholders are considering ratifying Musk’s 2018 incentive package, which was
Oracle, a leading software maker, saw its shares spike by more than 12% to reach an all-time high following the announcement of cloud deals with Google and OpenAI. The database management company revealed plans to bring its database to Google’s cloud in November, as well as partnering with Microsoft and OpenAI to provide supplemental computing