Alphabet’s stock is nearing a record $2 trillion market value, a milestone surpassed in the U.S. only by Microsoft, Apple, and Nvidia. The stock has rebounded from last month’s low, when concerns arose over the company’s AI progress. The recent cloud event demonstrated the enterprise-readiness of Alphabet’s AI model despiteContinue Reading
Jersey Mike’s Subs Considers Selling Business to Blackstone. The Wall Street Journal, citing anonymous sources, has reported that Jersey Mike’s Subs, a privately-held company, has engaged in intermittent discussions with Blackstone, a financial services firm. If a deal were to materialize, it could value Jersey Mike’s at $8 billion. However,Continue Reading
Ever wondered how many Americans bid farewell to their working days with a cool million in their retirement accounts? It’s a question that stirs curiosity and prompts reflections on financial goals and retirement planning strategies. While there’s no one-size-fits-all answer, recent surveys shed light on the financial landscape of retirees.Continue Reading
Dollar General’s decision to curb self-checkout to reduce inventory losses suggests a strategic shift in their approach to loss prevention. By limiting self-checkout, the company likely aims to enhance monitoring and control over transactions, reducing opportunities for theft or errors. This move could involve increased reliance on staff-assisted checkout, whichContinue Reading
A Fulton County judge dismissed multiple counts from the election interference indictment against former President Donald Trump and some co-defendants, focusing on Solicitation of Violation of Oath by a Public Officer. Of the 13 counts Trump faced, three were dropped, leaving him with 10. Judge McAfee agreed with the defendants’Continue Reading
Nvidia Shines Bright Amidst S&P 500 Struggles in February While February historically spells trouble for the S&P 500, Nvidia investors have reason to celebrate. Over the past five years, Nvidia shares have consistently outperformed the index, boasting an average surge of 9.1% during the month, making it the top S&PContinue Reading
Pfizer Inc. (NYSE: PFE) wrapped up trading on Feb. 6 at $26.57. Over the past 52 weeks, its stock price ranged from $25.76 to $44.33. On Jan. 30, the pharmaceutical and biotechnology firm unveiled its 2023 earnings report. In fiscal 2023, Pfizer distributed $9.2 billion in dividends to shareholders, translatingContinue Reading
ConocoPhillips Boosts Output, Exceeds Profit Expectations ConocoPhillips has been ramping up its production, leveraging its oil assets to respond to global energy market dynamics. The company revealed plans to raise production by approximately 6% this year, aiming for a midpoint of 1.93 million barrels per day (bpd). In 2023, theContinue Reading
Economists Urge Overhaul of Retirement Savings Tax Subsidies In January, two economists, representing divergent ideological perspectives, proposed in a research brief that the federal government discontinue subsidizing pre-tax contributions to retirement savings accounts. They argued that allowing individuals to shield their retirement funds from taxes predominantly benefits the affluent. RedirectingContinue Reading
Consumers in California should brace themselves for higher prices on beloved fast-food items like the Big Mac as the state’s minimum wage hike comes into play this spring. As businesses grapple with absorbing increased labor costs, Andy Wiederhorn, chairman of Fat Brands, emphasized the inevitability of price adjustments. “Someone’s gotContinue Reading
