The population of crypto millionaires has seen a staggering 95% increase over the past year, with a total of 172,300 individuals now holding more than $1 million in crypto assets. This surge in wealth can be attributed to the rise of bitcoin exchange-traded funds and other crypto assets, which have experienced significant growth in recent
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Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly anticipating the upcoming NBA season, as both teams are set to make changes to the way their local games are aired. The teams are parting ways with their regional sports networks owned by Diamond Sports, as disclosed in a recent bankruptcy court filing. This
In the dynamic world of retail, Amazon faces the challenge of meeting the high demands of consumers with short attention spans. With the competition getting tougher and consumers constantly seeking better deals, the pressure is on for Amazon to boost its revenue from the retail sector. According to research firm MoffettNathanson, the retail division has
As consumers hunt for their dream homes, they eagerly await the Federal Reserve’s prospective interest rate cut, expected to be executed in September. However, a looming threat awaits their plans at the end of that very month – the need for the reauthorization of the National Flood Insurance Program (NFIP). Without the timely action of
The recent performance of the Russell 2000 index has raised concerns about its profitability. Despite gaining 10.1% in July, the index has dropped around 4% in August. ALPS’ Paul Baiocchi attributes these volatile movements to the composition of the index, with an estimated 40% of companies having negative earnings. This has led investors to accept
Portillo’s, a renowned fast-casual restaurant chain in the United States, is known for its iconic Chicago-style hot dogs, Italian beef sandwiches, and chocolate cake shakes. Established over 60 years ago, the company has a strong presence in the Midwest, offering a menu that sets it apart from its competitors. However, despite its success in Chicago,
The cost of attending college is skyrocketing, with some institutions now approaching the six-figure mark for a single academic year. Schools like New York University, Tufts, and Yale are among those with a sticker price of more than $90,000, and projections suggest that this amount could exceed $100,000 by 2026. This steep increase in tuition
In recent years, the federal government has been cracking down on individuals with seriously delinquent tax debts by revoking or limiting their passports. This enforcement mechanism, which has been in place since 2018, serves as a last resort to collect unpaid tax levies according to experts. Should taxpayers fail to resolve their debt, they may
As the financial world anxiously awaits Federal Reserve Chair Jerome Powell’s policy speech, it is clear that the market has already made up its mind. The Fed is expected to begin cutting rates in September, with the trend likely to continue into 2025. While there is still some speculation about the scale and frequency of
Cava, the Mediterranean restaurant chain, has recently reported a surge in foot traffic, leading to better-than-expected quarterly earnings and revenue. This strong performance has prompted the company to raise its full-year outlook. In the latest quarter ending July 14, Cava reported an earnings per share of 17 cents, surpassing Wall Street’s expectations of 13 cents.