Minnesota Gov. Tim Walz recently shared his personal story at the Democratic National Convention, highlighting the importance of Social Security survivor benefits in helping his family navigate through difficult times. After his father passed away when he was just 19, leaving a significant amount of medical debt behind, Walz emphasized how these benefits provided his
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The cost of attending college has soared in recent years, with some institutions now nearing the six-figure mark for yearly expenses. According to data from The Princeton Review, certain colleges have a sticker price of over $90,000 for the 2024-25 academic year, and this amount is expected to continue rising. Tuition adjustments averaging around 4%
Edgar Bronfman Jr. has recently made an offer for a controlling stake in Paramount Global, aiming to challenge Skydance Media for ownership of National Amusements, the holding company founded by Sumner Redstone. His bid includes a proposal for National Amusements and Paramount Global common shareholders, with the potential for Shari Redstone to remain involved with
Portillo’s, a well-known fast-casual restaurant chain in the United States, is facing some challenges in its business operations. With the stock market value at $901M and a percentage ownership of 9.90%, the company has caught the attention of activist investors like Engaged Capital. Let’s dive into the details of what’s brewing at Portillo’s and what
As the Federal Reserve prepares to make a decision regarding interest rates in September, more investors are turning their attention towards dividend stocks. This move is seen as a strategic decision by Paul Baiocchi of SS&C ALPS Advisors, who believes that the Fed will be easing rates in the near future. According to Baiocchi, investors
After the bell, several companies experienced a surge in their stock prices. Cava Group, for instance, witnessed a 6% increase on the back of a strong earnings report. On the other hand, Ross Stores also saw a significant rise of about 6% following an earnings beat. Workday, the cloud company, jumped more than 11% after
Despite the anticipation surrounding Federal Reserve Chair Jerome Powell’s upcoming speech at the annual gathering in Jackson Hole, the reality is that the market has already priced in rate cuts beginning in September. The consensus is that the Fed will continue to cut rates through the end of the year and into 2025. While the
Affordable housing has become a significant topic in the current economic landscape, with various proposals being put forth by political figures to address the issue. Vice President Kamala Harris recently highlighted the need to make homeownership more accessible by lowering the costs associated with buying and renting homes in the U.S. During a speech in
Cava recently raised its full-year outlook after reporting strong traffic in its restaurants, leading to better-than-expected quarterly earnings and revenue. The company’s shares saw a 7% increase in extended trading, with its market cap reaching approximately $11.6 billion by the end of the quarter. During the quarter that ended on July 14, Cava exceeded Wall
The Inflation Reduction Act has ignited a manufacturing boom across the United States, with investments totaling tens of billions of dollars, particularly in rural areas that are in need of economic development. Since President Joe Biden signed the IRA into law in August 2022, companies have announced a staggering $133 billion of investments in clean