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Tag: soar

NBC breaks record in advertising sales as Paris Olympics ratings soar

While U.S. athletes slowly win Olympic gold medals, NBC is celebrating platinum advertising revenues. NBCUniversal announced Wednesday that advertising revenues for the Paris Summer Olympics set a new record for the company, surpassing the previous record of $1.25 billion generated by the last Olympics in Tokyo. The media giant declined to disclose how much advertising […]

Deckers shares soar after profit forecast hike on strong Hoka, UGG sales

Shares of Deckers Outdoor Inc. soared as much as 17% on Friday after several brokerages raised their price targets after the company bet on full-price sales of its best-selling Hoka running shoes and Ugg boots to boost its full-year profit forecast. Shares of clothing company Deckers Outdoor surged on Friday after the company raised its […]

US Home Sales Hit 13-Year Low as Prices Soar to Record Highs

U.S. existing home sales fell to the lowest level since 2010 last month as sellers waited for lower mortgage rates and buyers were discouraged by soaring prices. Existing home sales fell 5.4% from May to an annualized rate of 3.89 million, according to data released Tuesday by the National Association of Realtors (NAR), marking the […]

Mattel receives buyout offer from L Catterton, shares soar 20%

L Catterton, a private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker that makes Barbie and Hot Wheels, with a takeover bid, people familiar with the matter said on Monday. The move could encourage other potential bidders to consider making offers for Mattel, including rival Hasbro Inc. Hasbro has […]

Biden’s odds of election exit soar to 84% as president ‘soul searching’

The likelihood of President Biden abandoning his 2024 reelection campaign has soared to more than 80 percent, with the once-insurgent Democratic candidate said to be “introspecting” about his withdrawal from the race. The chances of the 81-year-old president stepping down were rising at 84% as of early Friday, according to a predictions-betting website. Polymarket. After […]

Taylor Swift has made luxury friendship bracelet sales soar

The economic impact of Taylor Swift cannot simply be “ignored.” Fashion designers are upgrading friendship bracelets, an accessory made popular by the superstar singer on her record-breaking Eraser tour, with gold-and-diamond versions costing up to $5,000. The Wall Street Journal reported.. The usually plain bracelets, made of multicolored threads knotted in various patterns or beads […]

Gas prices: Costs soar with second straight day of increases

The cost of gas continues to soar as the average price for a gallon of regular gas rose for the second straight day. The latest increases negate the minimal decrease Americans experienced over the July 4th weekend. Prices are now less than a penny cheaper than last year at this time.  The average price for […]

Investments Soar In The First Half

Estimated Reading Time: 4 minutes It looks like major components of the “everything bubble” were back in action during the first half of 2024.  Ample liquidity and strong investor sentiment triumphed again over caution about narrowing participation and over-valuation. Earnings look to come in pretty decent and the economy, while showing some soft patches, continued […]

AAA Predicts ‘Busiest Ever’ Travel for Fourth of July Week as Prices Soar

AAA is predicting record travel during the Fourth of July holiday week, surpassing figures seen before the coronavirus pandemic. During this holiday, AAA Predict Of the 70.9 million travelers traveling more than 50 miles from home, the report predicts that “a record 60.6 million people will travel by car during Independence Day week,” an increase […]