Norfolk Southern recently reached a settlement agreement to pay $310 million in regards to a toxic train derailment in East Palestine, Ohio. The majority of this settlement, $235 million, will go towards covering past and future cleanup costs. This incident, which occurred in February 2023, resulted in a fire that lasted days, causing local residents
Summer jobs are a common occurrence for teenagers looking to earn some extra cash during their break from school. However, what many parents and teenagers may not realize is that a summer job can also be an excellent opportunity to start saving for the future by opening a Roth IRA. According to experts, Roth IRAs
The U.S. Census recently reported a 4.7% decrease in newly built home sales in April compared to March, with a more significant 7.7% drop from the previous year. This decline in sales can be attributed in part to the rise in mortgage rates, which have been steadily increasing over the past few months. Higher mortgage
The U.S. Department of Justice, together with 30 states, has decided to file a lawsuit against Live Nation, the parent company of Ticketmaster, accusing them of antitrust violations. This legal action comes as a result of an investigation into Live Nation’s potential monopoly within the ticketing industry. The probe was initiated back in 2022, following
In recent years, activist investors have faced defeat after defeat in proxy fights, with notable losses at companies like Disney and Norfolk Southern. This trend has led to questions about whether activist investors are losing credibility and power in the corporate world. The original activists who paved the way for governance reforms are distinct from
Housekeepers in Palm Beach and South Florida are experiencing a surge in demand and salaries, with some making well over $150,000 a year. The mass exodus of wealthy individuals from high-tax states to Florida has led to an unprecedented need for household staff in elite enclaves, especially in Palm Beach. Staffing agencies are reporting bidding
Nvidia, the chipmaker, saw its shares surpass $1,000 for the first time in extended trading following the release of its fiscal first-quarter results. The company exceeded analyst expectations with a significant increase in revenue, reporting earnings per share of $6.12 adjusted versus $5.59 adjusted. Additionally, Nvidia’s revenue came in at $26.04 billion, higher than the
The S&P 500 has recently reached another record high, with a significant increase of 53% since the peak of inflation in 2022. Experts have pointed out the positive performance of the index, which tracks the largest US company stocks. While there are concerns about a potential market pullback, some analysts believe that there is still
E.l.f. Beauty recently celebrated its first billion-dollar fiscal year, showcasing an impressive 77% increase in sales. However, despite this significant achievement, the company’s shares experienced a decline after revealing their projected slower growth. This unexpected turn of events has left investors and analysts scratching their heads as they try to make sense of the situation.
The recent report from the National Association of Realtors revealed a 1.9% decrease in the sales of previously owned homes in April compared to March. This unexpected decline can be attributed to the significant increase in mortgage rates that started at the beginning of February. The continuous rise in rates, reaching 7% in April, has