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  • Is the Netflix Stock on Track to Reach New Record Highs?

    Netflix stock prices dropped from its record-high of $691.69 in October 2021 to under $170 in mid-2022, when the stock market had a terrible year amid recession fears and the US Fed's aggressive monetary tightening campaign to curb raging inflation. The Fed's move led to record interest rates that remain elevated.However, the tech-heavy stock has bounced back stronger since then and appears to be on track to reach a new record high. Netflix is trading at $610.52 as of writing this article.The...

  • $320M US military pier to open for business, but storms ahead

    The fact that the U.S. military pier project off the coast of Gaza was temporarily stalled last week due to high swells and winds is symbolic of the challenges it now faces as it is reportedly opening for business within the next 24 hours.So what do we know? A trident pier the length of five football fields is being anchored to the Gaza coast. Humanitarian aid will be dropped off there via ships from the floating pier, also built by the U.S. military, two miles off the coast. According to the...

  • Average British house price hits record high of £375,000

    Pent-up demand from would-be buyers pausing their plans last year has led to price rise despite mortgage rates remaining elevatedThe average British house price reached a record high of £375,131 in May, according to Rightmove. The average prices of properties coming to market rose 0.8%, or £2,807, month on month.Pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home mover activity despite mortgage rates remaining elevated for longer than...