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Stocks

“Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook”

April 18, 2024

“Shares of Dr. Martens plunged 30% on Tuesday to hit a record low, after the shoemaker flagged a challenging 2025 outlook on the back of weaker revenues. Trading in the company shares was temporarily suspended on the London Stock Exchange… Continue Reading…

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Cryptocurrencies

“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

April 16, 2024

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…

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Business, Economy

“Residents of this state pay $987,117 in lifetime taxes. Guess which one?”

April 12, 2024

“With Tax Day approaching, here’s a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study… New Jersey residents pay $987,117 in lifetime taxes, the analysis found, the highest tab in the nation. Washington, D.C.,… Continue Reading…

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Precious Metals

“Gold Retreats After Topping $2,200 an Ounce for the First Time”

March 26, 2024

“…The precious metal rose as much as 1.6% to a record $2,220.89 in early trading before erasing gains to drop as much as 0.9%. Gold has rallied nearly 10% since mid-February as the outlook for looser US monetary policy triggered… Continue Reading…

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Precious Metals

“Daily Spotlight: Gold Prices Near Peak”

March 25, 2024

“When global economic conditions become unpredictable, investors often flock to gold. The yellow metal is trading above $2,100 per ounce. During the first phase of the pandemic, the spot price for an ounce of gold jumped 33% in six months… Continue Reading…

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Business, Economy

“Credit card late fees will soon be capped at $8—why you should aim to pay on time anyway”

March 8, 2024

“…On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will cap credit card late fees at $8. Currently, card users are typically hit with a $32 fee for late payments, according to the agency… The rule is expected to go… Continue Reading…

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Stocks

“1 Growth Stock Trading at an All-Time-Low Valuation That Could Rise by 97%, According to Wall Street”

March 6, 2024

“…Chewy (NYSE: CHWY). The stock currently trades at around $16 per share, but Wall Street analysts are quite upbeat on the stock, maintaining an average price target of $31.62. That implies a 97% upside potential. Recently, the company received updated buy… Continue Reading…

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Business

“Wendy’s, burned by CEO comment, vows no price surges for burgers”

March 4, 2024

“Wendy’s said on Wednesday it has no plans to raise menu prices at times of peak demand, after the burger chain was scorched on social media sites for comments its CEO made earlier this month suggesting the chain may start… Continue Reading…

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Cryptocurrencies

“Bitcoin nears all-time high, but this rally is much different than 2021 record run”

February 29, 2024

“…Bitcoin BTCUSD, 3.89% is seeing an impressive rally, as the crypto topped $64,000 briefly on Wednesday, touching levels not seen since its record peak in November 2021…” https://www.marketwatch.com/story/bitcoin-nears-all-time-high-but-this-rally-is-much-different-than-2021-record-run-8a88c18d I don’t know why people wait until an assist is exploding to get in. It’s… Continue Reading…

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Stocks

“Berkshire shares slip after hitting all-time high on big profit gain”

February 28, 2024

“…Berkshire’s Class A shares last fell by 2.2%. Earlier in the session, the stock reached an all-time intraday high of $647,039, according to FactSet data. The shares settled at $615,356. Meanwhile, Class B shares declined by 1.9%. At one point,… Continue Reading…

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