The GameStop shares were on a rollercoaster ride, rallying more than 80% in a single day after the online presence of “Roaring Kitty,” formerly known as Keith Gill, sparked enthusiasm among individual investors. This surge came in the wake of a short squeeze that captivated the financial world in early 2021. Roaring Kitty, a former marketer
Recent reports indicate that the job market for new college graduates is facing a slight decrease in hiring rates compared to the previous year. Employers are planning to hire approximately 5.8% fewer graduates from the Class of 2023, as stated by the National Association of Colleges and Employers. This decline is particularly noticeable in industries
SoftBank recently made headlines by posting a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March. This marks a significant milestone for the flagship tech investment arm as it has not been in the black since 2021. The Vision Fund segment of SoftBank recorded a profit of
When considering investment opportunities in the stock market, it is crucial to adopt a long-term mindset and rely on the insights of Wall Street analysts. One stock that has caught the attention of top pros is Domino’s Pizza (DPZ). Following a strong performance in the first quarter, the restaurant chain received a buy rating from
Recent data indicates a decrease in the number of homeowners taking on remodeling projects. However, this decline should not be mistaken for a slow market. The Leading Indicator of Remodeling Activity (LIRA) reached its peak at 17.3% in the third quarter of 2022 but has been steadily decreasing since. Similarly, the NAHB/Westlake Royal Remodeling Market
The current economic situation in the United States has left many individuals feeling the pinch of rising prices. With inflation on the rise, 65% of U.S. adults surveyed by CNBC/SurveyMonkey expressed that inflation is the main driver of their financial stress. Living paycheck to paycheck has become a common occurrence, with nearly half of those
The late Charlie Munger, a revered figure in the investment world, was recently honored with a stunning bronze bust sculpture at the Omaha Marriott during the Berkshire Hathaway annual meeting. Standing at 24 inches tall, the sculpture served as a focal point for guests at the hotel, sparking conversations and admiration from Berkshire shareholders and
The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, aims to capitalize on higher inflation rates in the market. Despite potential Federal Reserve rate cuts, Portfolio Manager James Davolos believes that the ETF is well-positioned for success. According to Davolos, the world is entering a phase of mature inflation, with rates expected to
Access to higher education is a critical factor in economic mobility and social equity. While some states have taken proactive steps to improve access, Connecticut stands out for its innovative initiatives to create pathways to college and reduce the burden of student debt. However, the state has struggled with one of the largest wealth gaps
The restaurant industry has been experiencing a period of low sales and declining foot traffic as consumers tighten their spending habits. Major players like McDonald’s, Starbucks, and Yum Brands have reported a weak start to the year, highlighting the impact of changing consumer behavior. McDonald’s CEO emphasized the importance of offering value meals to attract