Billionaire investor Ken Griffin made headlines recently when he purchased a late Jurassic stegosaurus skeleton for a staggering $44.6 million at a Sotheby’s auction. This transaction marked a significant milestone as it became the most valuable fossil ever sold at auction. The stegosaurus, named “Apex,” is a 150 million-year-old specimen measuring 11 feet tall and
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The International Monetary Fund (IMF) issued a warning about the increasing upside risks to inflation which could potentially impact the Federal Reserve’s decision on interest rate cuts. In its latest World Economic Outlook update, the IMF highlighted that the momentum on global disinflation is slowing down, indicating potential obstacles in the path ahead. The report
Investing in dividend-paying stocks can be a smart strategy for investors looking to enhance their portfolio returns, especially during volatile market conditions. By choosing companies with attractive growth prospects, investors can benefit from both capital appreciation and regular dividend payments. One of the top dividend stocks recommended by Wall Street analysts is Northern Oil and
Smith & Nephew, a British portfolio medical technology company, has a global presence with a diverse range of products and services. Operating in segments such as Orthopedics, Sports Medicine, and Ear, Nose and Throat, as well as Advanced Wound Management, the company offers a comprehensive set of medical devices to meet various clinical needs. Despite
Micron Technology (MU) has recently garnered attention as a top pick by Wall Street analysts. The company’s impressive performance in the fiscal third quarter, beating both top and bottom-line expectations, has investors excited about its future prospects. With the ongoing artificial intelligence (AI) wave driving demand, Micron Technology is poised for continued growth. Goldman Sachs
Darden Restaurants, the operator of popular dining brands such as Olive Garden and LongHorn Steakhouse, recently announced a mix of results for the fourth quarter of fiscal 2024. While the company exceeded earnings expectations, its sales slightly missed the consensus due to increased discounting by competitors. Despite this, Darden issued substantial dividends and committed to
In a groundbreaking lyric on Beyoncé’s latest album, she passionately sings “denim on denim, on denim, on denim.” It seems that Levi Strauss shoppers have wholeheartedly embraced this advice, much to the delight of Levi Strauss executives. The resurgence of Western wear has created a denim boom, with consumers opting for all-denim looks from head
Recent reports indicate that Americans are saving more for retirement, as seen in the annual report released by Vanguard on How America Saves 2024. However, the findings also suggest that there is still a significant gap in the amount of savings needed for a comfortable retirement. Stock market returns have been favorable, and automatic enrollment
Delta Air Lines (DAL) has been identified as a top stock pick by Wall Street analysts due to its solid fundamentals and strong long-term growth prospects. Analyst Helane Becker reiterated a buy rating on DAL with a price target of $55 after the company’s presentation at the Toronto Corporate Access Day. Delta’s strategic plan and
Warren Buffett’s investment firm, Berkshire Hathaway, has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. This accumulation of shares has pushed Berkshire’s ownership in the Houston-based oil and gas producer to nearly 29%, as revealed by regulatory filings. From June 5 to the present day, Berkshire Hathaway has been