Adults Drive Toy Market for First Time Ever
For the first time, adults purchased more toys for themselves last quarter than any other age group, exceeding the traditionally strong preschooler sector.
Jun 11, 2024 3:00 AM EDT
"Roaring Kitty" Disappoints, GME Slips 40% After Long-Awaited Livestream
Keith Gill, also known as "Deep-------Value" on Reddit and as "Roaring Kitty" on X and YouTube, conducted his first livestream after the three-year-old meme stock craze.
Spotify Leads Potential Price Increase Wave in Audio Streaming Services
Following new pricing increases for its premium US membership plans, Wall Street bulls continue to laud Spotify's (SPOT) outlook, which has led to a spike in the company's shares. The stock has increased by almost 70% since the beginning of the year.
Big Tech Soars, But Can Other Sectors Keep Up to Fuel Market Rally?
Since the start of the most recent stock market rise in October 2022, investors have taken it for granted that Big Tech will continue to expand.
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'Zombie' Firms Swell in Ranks, Survival Uncertain
These businesses, known as "zombies," are so deeply indebted that they can barely make ends meet, pay back the interest on their loans, and frequently only one bad business decision away from going out of business forever.
Jun 08, 2024 10:08 PM EDT
'Safe' Asset Loses Shine, Leaving High-Net-Worth Investors Reeling
According to a recent analysis from Capgemini Research Institute, as of January 2024, high net worth individuals (HNWI) with investable assets ranging from $1 million to over $30 million increased their exposure to fixed income by five percentage points to 20%. Out of all the main asset classes, that was the highest growth in exposure.
Jun 08, 2024 7:20 AM EDT
Tipping Trends: Survey Shows Consumer Behavior Shifting
According to a Bankrate study issued on Wednesday, the number of respondents who say they always tip their hair stylists, wait staff at sit-down restaurants, and food delivery workers has decreased by 8 percentage points since 2021.
Jun 07, 2024 11:42 AM EDT
Feds Sue Largest US Booze Distributor for 'Secret Kickbacks' to Retailers
The Federal Trade Commission is planning an antitrust action against the largest U.S. alcohol distributor, Southern Glazer's Wine and Spirits.
Jun 07, 2024 6:59 AM EDT
Car Costs Climb Despite Price Dips: Maintenance, Gas Squeeze Budgets
Although the cost of new and used automobiles has decreased recently, having a car is becoming a more costly proposition overall.
Jun 07, 2024 12:05 AM EDT
Lab-Grown Diamonds Squeeze Prices, Putting Traditional Gem Market Under Pressure
According to Zimnisky's rough diamond index, diamond prices have dropped 5.7% so far this year, down more than 30% from their peak in 2022.
Jun 06, 2024 12:03 PM EDT
US Vitamins Supplier Attempts to Increase Prices of Vitamins A, E, and Others
Vitamin E and A are still under pressure to rise. There is rising pricing pressure from US suppliers, particularly for vitamin A.
Jun 06, 2024 12:01 PM EDT
Treasury to Re-enter Bond Market as Buyer, Citing Liquidity Concerns
According to a Treasury official on Wednesday, the Treasury repurchase program should increase liquidity in the US government bond market while other measures will provide pricing transparency and insight into the use of leverage.
Jun 06, 2024 11:55 AM EDT
US Ether ETF Launches Hinge on Issuer Readiness, Says SEC Chair
Exchange-traded funds (ETFs) linked to the cryptocurrency ether will likely start trading in tandem with the speed at which issuers react to the U.S. Gary Gensler, the chair, responded to the Securities and Exchange Commission's questions on Wednesday.
Jun 06, 2024 11:54 AM EDT
No Stimulus Checks in 2024, IRS and California Confirm
Between 2020 and 2021, the Internal Revenue Service (IRS) managed-and repeatedly bungled-the distribution of three distinct Economic Impact Payments.
Jun 05, 2024 9:54 PM EDT
Donald Trump Calls on Supreme Court to Step In on Hush Money Allegations
Numerous admirers adorned the roadways with banners endorsing Trump or denouncing President Biden. In a protest gesture, some people held the American flag upside down, imitating Marjorie Taylor Greene.
Jun 04, 2024 11:11 AM EDT
Summer Cooling Costs Set to Spike Nearly 8%
This summer, high temperatures will not only punish American people physically but also severely impair their finances.
Jun 04, 2024 11:08 AM EDT
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