The recent revelation of meme stock trader “Roaring Kitty,” also known as Keith Gill, taking a stake in the pet food e-commerce retailer Chewy led to a surge in the company’s stock price. Gill purchased over 9 million shares of Chewy, representing a 6.6% stake in the company and making him the third-largest shareholder. This
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The U.S. stock market has experienced a significant shift in recent years, with a handful of companies taking center stage. This trend has led to a situation where the top 10 companies in the S&P 500 now account for a substantial portion of the index, increasing from 14% to 27% over the past decade according
Boeing recently made a significant announcement that it plans to acquire Spirit AeroSystems, the struggling fuselage maker, in an all-stock deal. This decision comes after a series of setbacks for Boeing, including a fuselage panel blowing out midair from a nearly new Boeing 737 Max 9, causing a fresh crisis for the company. This move,
Millennials are on the brink of becoming the wealthiest generation in history, as estimates suggest a substantial $90 trillion wealth transfer over the next two decades will place them in a financially advantageous position. The reins of wealth are set to be handed over from the silent generation and baby boomers to millennials, who were
The entertainment industry has seen a shift in audience preferences and box office performance in recent years. While many theaters struggle to attract audiences and generate revenue, Fathom Events has emerged as a powerhouse in the industry. Despite the challenges faced by traditional cinema, Fathom Events has managed to post record revenue gains and establish
Disney and Pixar’s “Inside Out 2” has recently joined the exclusive billion-dollar club, marking a significant achievement in the world of animated films. With a worldwide tally of $1.014 billion as of Sunday, the movie has not only become the highest-grossing film of 2024 but also the first animated film since “Barbie” by Warner Bros.
Investing in dividend-paying stocks has become a popular choice among investors looking to bolster their portfolios and increase returns. One such attractive dividend stock is Darden Restaurants (DRI), a company that operates well-known brands in the full-service dining industry. Despite facing challenges in the fourth quarter of fiscal 2024 with slightly lower-than-expected sales, Darden Restaurants
When it comes to planning for retirement, experts emphasize the importance of monitoring your savings rate and the total amount saved for your nest egg. However, determining the exact amount needed for retirement is heavily reliant on one factor that remains uncertain – life expectancy. Lisa Schilling from the Society of Actuaries Research Institute highlights
In a bold move challenging the traditional sponsorship model for professional athletes, Bandit Running’s Unsponsored Project has brought attention to 35 unsponsored athletes at the U.S. Track & Field Olympic Trials. These athletes are dressed in all-black, logo-less gear provided by Bandit Running, along with short-term endorsement deals. The initiative aims to provide support to
Lawmakers are showing increasing interest in taxing the ultra-rich, however, a recent Supreme Court ruling has raised concerns about the future of wealth tax proposals. In the case of Moore v. United States, the Supreme Court blocked a challenge to the “mandatory repatriation tax,” which is a one-time levy on certain foreign investments that was