GameStop witnessed a drastic drop of 12% in its shares on Monday, following a significant sell-off initiated by a disappointing earnings report and an unimpressive livestream by Roaring Kitty. This decline continued from Friday, where the stock plummeted by almost 40% in a single day, leaving the price at around $25 per share. The company
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There seems to be a split among experts regarding the future of the housing market in the latter half of the year. Glenn Kelman, the chief executive of Redfin, is optimistic about the market’s outlook, suggesting that we may have hit rock bottom and are poised for improvement. However, other experts like Jeff Ostrowski from
The U.S. economy has created a divide among consumers, separating them into groups of haves and have nots – retirees included. Cerulli Associates, a research and consulting firm, estimates that an $84 trillion wealth transfer will take place from older to younger generations by 2045. However, there are concerns about a retirement savings crisis brewing
Activist hedge fund Elliott Management has recently acquired a $1.9 billion stake in Southwest Airlines and is now planning to advocate for leadership changes within the company. The fund believes that Southwest has shifted from being a “best-in-class” airline to becoming one of the biggest underperformers in the industry. In order to address this issue,
Family offices are undergoing a transformation, moving away from traditional investment strategies and towards becoming their own private equity funds. A recent survey conducted by BNY Mellon Wealth Management revealed that a significant majority of family offices are now opting to make direct investments in private companies. This shift in strategy is driven by the
In a groundbreaking development, Moderna has revealed the success of its combination vaccine, which targets both Covid-19 and the flu in a recent late-stage trial. This innovative approach has proven to be more effective than existing standalone shots for these viruses, setting a new standard in the world of vaccination. By merging two crucial vaccines
Who do we envision ourselves becoming? The big framing question, “Who do we envision ourselves becoming?” was written in wide black marker on a large flip chart and placed at the front of the room for easy viewing. I introduced the question and gave some context. The ten local leaders stared blankly at it. The
When it comes to predicting the market sentiment, investors rely heavily on macroeconomic data. However, individual stock picks can also play a crucial role in achieving long-term returns. One such stock favored by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company’s first-quarter results for fiscal 2024 were impressive, leading to raised
In the luxury real estate market, iconic homes with a celebrity or pop culture pedigree often come with a premium price tag. Buyers are willing to pay extra for the exclusivity and uniqueness of owning a property associated with well-known personalities or famous movies. Real estate experts like Tomer Fridman and Josh Altman emphasize that
The landscape of private equity investing is evolving rapidly, with alternative trading platforms like Forge Global leading the way towards innovation. CEO Kelly Rodriques has partnered with Accuidity to introduce the Forge Accuidity Private Market Index, aiming to revolutionize the way investors access unicorns in the market. In a recent interview on CNBC’s “ETF Edge,”
