Stock Market Winners & Losers: Dow Touches 40K as Stocks Hit Record Highs | Richer or Poorer Fast-Fashion Saying “I Do” | Dating Apps are for the Olds
The Dow has surged to 40,000, marking record highs for all three major stock indices, fueled by optimism around cooling inflation and expectations for a Federal Reserve rate cut in September. Walmart's earnings exceeded expectations, driven by increased e-commerce sales and a growing base of high-income shoppers.
The wedding season highlights escalating costs, with the average wedding costing $35,000 in 2023, prompting many to incur debt and regret their expenditures. Meanwhile, fast-fashion brands like Abercrombie & Fitch, Forever 21, and Shein are entering the wedding market with affordable options.
In the dating world, apps are losing traction among Gen Z, with most users now aged 30 to 49. The challenge for dating apps is retaining users, as effective matches lead to customer loss. Consequently, dating platforms are evolving to facilitate broader human connections beyond romantic relationships.
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