In light of the upcoming Federal Reserve interest rate decision in September, there seems to be a growing trend among investors towards dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes that this is a wise move, as he anticipates the Fed will lower rates. Baiocchi, who serves as the chief ETF strategist, highlighted that
Portillo’s is a company that specializes in fast casual dining, offering a variety of Chicago-style hot dogs, sausages, Italian beef sandwiches, burgers, salads, fries, and milkshakes. The company has both physical locations and an online presence, allowing customers to order their products conveniently. As of now, Portillo’s has a stock market value of $901 million,
Minnesota Governor Tim Walz recently shared his personal story about how Social Security survivor benefits played a crucial role in helping his family cope with the loss of his father when he was just 19 years old. This financial support allowed his family to maintain their dignity and stability during a time of crisis. With
The fast-casual restaurant brand, Cava Group, saw its shares rise nearly 6% in after-hours trading following a better-than-expected earnings report. With a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents, and revenue exceeding expectations, investors reacted positively to the news. Uber Falls on Partnership Announcement On the other hand, shares
Affordable housing plays a vital role in the vision of an “opportunity economy” outlined by Vice President Kamala Harris. In a recent economic policy pitch, Harris highlighted the need to lower the costs associated with both owning and renting a home in the United States. Emphasizing the importance of increasing affordability, Harris stated that efforts
Edgar Bronfman Jr. recently made a bold offer for a controlling stake in Paramount Global that could potentially result in Shari Redstone remaining closely associated with the company. If Bronfman’s bid is successful, he is open to the idea of Redstone, who currently serves as the non-executive chairman at Paramount, continuing to be involved with
The Inflation Reduction Act (IRA) has ignited a manufacturing boom throughout the United States, resulting in billions of dollars in investment, particularly in rural areas seeking economic development. The success and sustainability of these investments appear to be contingent on the outcome of the upcoming U.S. presidential election. Investors are apprehensive about the Republican victory,
As Federal Reserve Chair Jerome Powell prepares to deliver his policy speech at the annual central bankers conference in Jackson Hole, Wyoming, market expectations for rate cuts are already set in stone. The general consensus is that the Fed will begin cutting rates in September and will likely continue to do so through the end
In recent years, the cost of attending college has reached staggering heights, with some institutions charging nearly six figures per year. Schools like New York University, Tufts, Brown, Yale, and Washington University in St. Louis have a sticker price of over $90,000 for the 2024-25 academic year. With tuition adjustments averaging around 4% annually, it
Last week, Wall Street recorded back-to-back weekly gains, fueled by Federal Reserve Chairman Jerome Powell’s speech indicating interest rate cuts. The S&P 500 and Nasdaq both rose nearly 1.5% for the week. The market now anticipates 100 basis points of cuts by year-end, with a 25-basis-point cut in September, a possible 50-basis-point cut in November,
