Shares of Chewy saw a significant increase in value after the news broke that meme stock trader “Roaring Kitty,” whose legal name is Keith Gill, acquired just over 9 million shares of the pet food e-commerce retailer. This stake amounts to a 6.6% ownership in the company, making him the third-largest shareholder of Chewy. The
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Boeing’s decision to purchase Spirit AeroSystems in an all-stock deal worth $8.3 billion has been seen as a strategic move to improve safety and quality control within the aerospace company’s operations. The deal, which includes paying $37.25 a share in Boeing stock for Spirit, marks a significant step towards enhancing production systems and workforces alignment
The U.S. stock market landscape has seen a significant shift in recent years, with just a handful of companies dominating the market. The S&P 500, a widely recognized benchmark for U.S. stocks, serves as a telling illustration of this trend. The weight of the top 10 stocks in the S&P 500 has surged significantly, accounting
Millennials are on the cusp of receiving the largest wealth transfer in history, estimated at a staggering $90 trillion over the next two decades. This is set to make them the wealthiest generation to date, surpassing the silent generation and baby boomers. However, the question remains, are millennials adequately equipped to handle this significant influx
Disney and Pixar’s “Inside Out 2” have reached a milestone by becoming the highest-grossing film of 2024, entering the elite billion-dollar club. Surpassing the $1 billion mark globally is no small feat, especially in the competitive landscape of the film industry. This achievement has not only solidified the film’s success but also set a new
In a time where the film industry is struggling to find content and retain audiences, Fathom Events has defied the odds by posting record revenue gains. This joint venture between AMC, Regal, and Cinemark has been a beacon of hope for the box office, bringing alternative content to the big screen for over two decades.
When it comes to dividend stocks, Darden Restaurants (DRI) is a popular choice among investors. This company operates well-known brands like Olive Garden, LongHorn Steakhouse, and Yard House, making it a significant player in the full-service dining industry. Despite announcing mixed results for the fourth quarter of fiscal 2024, Darden managed to exceed analysts’ earnings
Planning for retirement involves more than just watching your savings rate and total nest egg; it also requires considering your life expectancy. This number can be elusive and uncertain, as no one knows how long they will live. The financial industry often defaults to age 95 as a life expectancy assumption, but that may not
Recent market trends indicate that value stocks, which have been trailing behind growth stocks, may experience a much-needed boost in the upcoming months. Todd Rosenbluth, head of research at VettaFi, suggests that one of the major events that could contribute to this shift is the FTSE Russell’s annual rebalancing. According to Rosenbluth, “It’s worth paying
The world of food is constantly evolving, with new trends emerging at a rapid pace. One of the latest trends that was on display at the Summer Fancy Food Show is the rising popularity of fish as a protein option. Traditionally, fish was not considered a mainstream protein choice, but that is changing. Exhibitors showcased