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Stocks

“Chipotle Announces 50-for-1 Stock Split. Here’s What Investors Need to Know.”

March 25, 2024

“…Over the past year, Chipotle stock has gained an impressive 74%, but that’s just the beginning. For those lucky enough to get in on its IPO in early 2006, the stock has soared from $22 to roughly $2,798, a mind-boggling… Continue Reading…

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Business

“Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands”

March 25, 2024

“Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. The rare profit warning forecasts overall group revenues to drop 10%… Continue Reading…

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Business

“Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available”

March 25, 2024

“The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil. Intel could receive an additional $11 billion in loans from the CHIPS and… Continue Reading…

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Economy

“Record numbers of wealthy Americans are looking for ways to live overseas”

March 22, 2024

“…An investment-migration consultancy says that it’s seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Mehdi Kadiri, the head of North America at Henley & Partners, said in the company’s 2024 USA Wealth… Continue Reading…

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Economy

“U.S. hits new low in World Happiness Report”

March 22, 2024

“…Why it matters: Some countries, like Finland and Denmark, consistently rank among the world’s happiest. The U.S. isn’t one of them. The big picture: A steady supply of studies has found that Americans feel glum about issues ranging from loneliness to the economy and the… Continue Reading…

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Business

“56% of Americans can’t afford a $1,000 emergency expense: We are ‘living in a paycheck-to-paycheck nation,’ money expert says”

March 22, 2024

“Only 44% of Americans surveyed said they could use their savings to pay for an unexpected expense, instead opting to put it on a credit card or borrow cash from family or friends…” https://www.cnbc.com/2024/03/19/why-now-is-a-smart-time-to-build-emergency-savings.html

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Stocks

“Nordstrom shares jump 9% on report retailer is trying to go private”

March 22, 2024

“…The retailer’s founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen,… Continue Reading…

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Real Estate

“Home prices rose 2.4 times faster than inflation since 1960s, study finds…”

March 22, 2024

“While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found…. In reality, the cost of a typical house in the U.S. is closer to half a million dollars. The median… Continue Reading…

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Stocks

“1  Unstoppable Stock That Could Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club”

March 21, 2024

“…AI could soon propel Oracle (NYSE: ORCL) to a $1 trillion valuation, too. It operates industry-leading AI data center infrastructure, and the company is building capacity at a record pace because it simply can’t keep up with demand. As of this writing, Oracle… Continue Reading…

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Stocks

“Adobe shares drop nearly 14% on weak quarterly revenue guidance”

March 21, 2024

“Adobe shares closed down nearly 14% on Friday after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. The move marked the stock’s steepest decline since Sept. 15, 2022, when shares closed down 16.8%… For the current… Continue Reading…

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