For the past year, American workers have experienced a boost in their purchasing power, thanks to a combination of falling inflation and a strong job market. This positive trend in real hourly earnings has provided a welcome relief for households facing challenges in affording everyday expenses. According to the U.S. Bureau of Labor Statistics, the
Finance
Berkshire Hathaway’s decision to further reduce its stake in BYD, China’s largest electric vehicle maker, is a significant development in the financial world. This move comes after the conglomerate’s initial investment in BYD, thanks to the late Charlie Munger, which proved to be extremely profitable over the years. The recent sell-off involved Berkshire Hathaway selling
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a substantial stake in the graphics-design company, Autodesk. The stake is estimated to be around $500 million and Starboard has engaged in discussions with Autodesk’s board regarding several serious concerns related to the disclosure of an internal investigation that resulted in the removal
In a market where concentration risk is a growing concern for investors, the traditional approach of solely relying on index funds like the S&P 500 may not be the best strategy. Phil McInnis, the chief investment strategist at Avantis Investors, advocates for a more diversified approach that focuses on value-oriented investments. By shifting the focus
In a world where corporate expenses can spiral out of control, CleverCards, a Dublin-based startup, is leading the charge in revolutionizing how companies manage their employee expenses. With the rise of technology, CleverCards has developed a digital platform linked to configurable expense cards that gives companies the power to control and monitor how their employees
The financial technology industry is undergoing a significant shift, with industry insiders suggesting that the sector has hit a “bottom” in terms of valuations. During the Money20/20 event in Amsterdam, executives and investors expressed their belief that the market has corrected itself from the unsustainable highs seen in 2020 and 2021. This recalibration signifies a
Foundation Robotics Labs, a startup founded by the CEO of bankrupt fintech firm Synapse, has recently come under scrutiny for its fundraising tactics. The company has been seeking funds from Silicon Valley investors by making bold claims about its relationship with General Motors (GM) and its imminent investments. However, these claims have been refuted by
The sell-off in GameStop shares on Wednesday afternoon was further intensified by a spike in trading volume in the call options owned by Keith Gill, also known as “Roaring Kitty.” Despite the lack of confirmation, options traders speculate that Roaring Kitty may have been behind the surge in trading activity, as he is a significant
The Federal Reserve recently held its two-day meeting and decided to keep its key interest rate unchanged, providing a signal that only one rate cut is expected before the end of the year. This decision came as a surprise to many market participants who were hoping for a more accommodative stance from the central bank.
In a groundbreaking announcement, Apple and Affirm revealed that Apple device users will soon have access to buy now, pay later loans through the Affirm platform. This strategic partnership between the tech giant Apple and the fintech company Affirm is set to revolutionize the way consumers make purchases and manage payments. Affirm will be integrated