In the lead up to the Federal Reserve’s impending interest rate decision in September, investors are showing an increasing interest in dividend stocks. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, believes that this movement towards dividend stocks is a wise strategy, especially with the Fed expected to ease rates. Baiocchi notes that
Portillo’s is a well-known fast casual restaurant chain in the United States, offering a variety of iconic menu items such as Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, salads, fries, and milkshakes. The company operates both physical locations as well as online platforms to sell its products. Currently, the stock market value of
Cava Group, a fast-casual restaurant brand, experienced an uptick in share prices by nearly 6% in after-hours trading. This surge came after the company reported earnings that surpassed expectations. With a profit of 17 cents per share, Cava outperformed the LSEG estimate by 4 cents. Additionally, the company’s revenue also exceeded expectations, contributing to the
Boeing’s Starliner capsule will be returning from the International Space Station (ISS) without the NASA astronauts it delivered in early June, as announced by the agency. This unexpected decision marks a significant shift in plans, with NASA astronauts Butch Wilmore and Suni Williams now set to return via SpaceX’s Dragon spacecraft. The upcoming mission is
In response to Federal Reserve chair Jerome Powell’s signal of potential interest rate cuts, investors face the challenge of navigating their portfolios amidst the impending policy shift. Financial advisors have varying perspectives on the most effective strategies to adopt as the Fed considers lowering interest rates from their current two-decade high. It is essential to
As the new year approaches, many employees are considering boosting their 401(k) contributions to maximize their plan account for 2024. While this can be a wise financial decision for some, it is essential to carefully evaluate whether it is the right choice for everyone. Financial advisors caution against blindly maximizing contributions without considering various factors
In a recent massive data breach at National Public Data, owned by Jerico Pictures Inc., personal information of millions of individuals may have been compromised. Reports suggest that over 2.7 billion personal records may have been exposed, including sensitive information such as Social Security numbers, names, email addresses, phone numbers, and mailing addresses. The breach
In a highly anticipated keynote address at the annual retreat in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts in response to changing economic conditions. Powell emphasized the importance of adjusting policy given the evolving outlook and balance of risks, signaling a shift in the central bank’s stance towards
In a much-needed move to curb the rising cases of Covid-19 in the United States, the Biden administration announced its plan to resume offering free at-home Covid-19 tests to American households starting in late September. This initiative comes at a time when the virus has gained a stronger foothold in the U.S. during the summer
In the past decade, top homebuilders such as D.R. Horton and Lennar have outperformed the S&P 500 in terms of shareholder returns. However, recent investment outlook downgrades by analysts have cast a shadow of uncertainty over the industry. Despite this, some investors remain optimistic about the future performance of homebuilders. Industry observers note that the