Japan’s Prime Minister Sanae Takaichi answers questions from Yoshihiko Noda, leader of the main opposition Constitutional Democratic Party of Japan (CDP), regarding her policy speech at the House of Representatives of the National Diet in Tokyo on November 4, 2025. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/AFP via Getty Images) Kazuhiro Nogi | Afp | Getty ImagesJust weeks into her office, Japan’s Prime Minister Sanae Takaichi faces an early challenge in the form of declining real wages that threaten her ‘Abenomics’ approach to economics.Real wages fell for a ninth consecutive month in September, labor ministry data released…
Author: usaeverydaylife
Stifel believes that Penn Entertainment’s brick and mortar business could give it the competitive tailwind it needs to trade higher from here. The bank upgraded the sports betting stock to buy from hold. It also lifted its target price to $21 from $19, implying a rally of 43% ahead. Shares of Penn Entertainment have fallen 26% this year. The stock plunged 10% on Thursday after it terminated its sport betting agreement with Disney’s ESPN earlier than planned. PENN YTD mountain PENN YTD chart “When we first announced our partnership with ESPN, both sides made it clear that we expected to…
DraftKings CEO Jason Robins told CNBC’s Jim Cramer that prediction markets aren’t driving customers out of sports betting, stressing that the two have different offerings.”Simply going and spending five minutes looking at the products, you’ll see what I mean — it’s night and day,” Robins said. “The amount of markets, even the pricing, isn’t something that I would view as competitive with what we do.”Robins pointed to U.K. and Western European markets, where there is both exchange based betting and traditional sports betting. In those areas, he said “exchange products are typically low to mid single digit percentages of share…
An estate agents’ “Sold” sign is pictured outside a house in a row of terraced houses in Guildford, southern England on August 6, 2024. Justin Tallis | AFP | Getty ImagesShare of British real estate listing company Rightmove plummeted as much as 28% on Friday after it warned of lower profit growth on the back of accelerated investments in artificial intelligence.Rightmove projected a operating profit growth of 3% to 5% in 2026, coming in lower than its forecast of 9% growth this year. The firm put the shrinking down to its AI investments as it upgrades internal systems and its consumer-facing…
The housing shortage has pushed home values up nearly twice as fast as they’ve averaged over the past five years. It’s also caused a boom in home equity, with homeowners in over half the country seeing their equity increase by more than 100% since 2020, according to a Bankrate analysis.West Virginia saw the most dramatic uptick: A 450% increase in home equity over the last five years, from an average of $6,529 in 2020 to $35,831 in 2025.”The substantial gains reflect, in part, the fact that West Virginia has the lowest home prices nationwide,” Bankrate said in its report.Average home equity in Oklahoma…
This week’s equity market wobble, which saw a retreat in U.S. AI-related stocks amid ongoing concerns over stretched valuations, has thrust contagion concerns into the spotlight for European investors.Goldman Sachs CEO David Solomon warned this week of a “likely” 10-20% drawdown in equity markets at some point within the next two years, while the International Monetary Fund and the Bank of England have both sounded the alarm bells.Bank of England Governor Andrew Bailey highlighted the possibilities of an AI bubble in an interview with CNBC on Thursday, noting that the “very positive productivity contribution” from technology companies could be offset…
British broadcaster ITV said on Friday it was in talks with pay-TV company Sky, owned by Comcast, over a potential sale of its media and entertainment (M&E) unit for 1.6 billion pounds ($2.15 billion) including debt.ITV’s M&E division, which includes its free-to-air channels and its ITVX streaming platform, is dependent on advertising, and the group has been hit hard by weakness in the ad market. The group, whose shares are trading around the levels they were 13 years ago, said on Thursday its ad revenue would be 9% lower in the last quarter of the year.The potential sale was first…
These specially configured A350-1000ULRs are expected to enable the world’s longest commercial flights. QantasAustralia’s Qantas on Friday revealed the first images of the specially configured Airbus aircraft set to enable the world’s longest commercial flights.The A350-1000ULR (Ultra Long Range) aircraft was depicted on the assembly line in Toulouse, France, with its fuselage sections, wings, tail section and landing gear now all attached.The aircraft, which is designed to connect travelers in Sydney to London and New York for the first time, will move to a new hangar this week where it will have engines and flight test instruments installed, Qantas said.The…
MUMBAI, INDIA – OCTOBER 18: On Dhanteras, auspicious day, many people purchased new vehicles at the Car Showroom in Thane, on October 18, 2025 in Mumbai, India.Hindustan Times | Hindustan Times | Getty ImagesIndia’s auto industry posted its strongest month on record in October, underscoring a sharp rebound in domestic consumption that could offset the impact of the slowdown in exports to the U.S.Total retail sales across all vehicle segments — from cars to tractors — were up 40.5% from a year earlier, data from the Federation of Automobile Dealers Associations showed.”Both passenger vehicles and two-wheelers achieved lifetime highs, signaling renewed consumer confidence…
Next year is shaping up to be a good one for reshoring stocks, according to Societe Generale. The firm sees three major catalysts ahead for stocks tied to reshoring, which is the return of companies’ overseas operations to the United States. For one, the reshoring trend should get a boost from the so-called One Big Beautiful Bill , which was signed into law in July, Societe Generale strategist Manish Kabra wrote in a note Monday. The most impactful measure in the law is the 100% bonus depreciation for qualified properties acquired and placed in service after January 2025, he said.…
