The stock market recently witnessed a surge in Chewy shares after meme stock trader “Roaring Kitty,” also known as Keith Gill, disclosed his purchase of over 9 million shares, representing a 6.6% stake in the pet food e-commerce company. This significant investment catapulted him to the position of the third-largest shareholder in Chewy, with his
Boeing recently announced its plans to acquire Spirit AeroSystems, a struggling fuselage maker, in an all-stock deal. The move is aimed at improving safety and quality control within the aerospace company. The deal, valued at $8.3 billion, will involve Boeing paying $37.25 a share in Boeing stock for Spirit. This acquisition comes on the heels
As estimates show, millennials are on track to become the wealthiest generation in history, with a projected $90 trillion wealth transfer over the next two decades. However, the question arises: are millennials prepared to handle the significant influx of money? Despite being set to inherit astounding wealth from the silent generation and baby boomers, concerns
When it comes to planning for retirement, many financial experts emphasize the need to keep an eye on your savings rate and the total amount in your nest egg. However, one crucial factor that often gets overlooked is your life expectancy. The uncertainty surrounding how long you will live can be uncomfortable and challenging to
Disney and Pixar’s “Inside Out 2” has achieved a remarkable milestone by joining the exclusive billion-dollar club. With a worldwide tally of $1.014 billion as of Sunday, the animated feature has become the highest-grossing film of 2024. This achievement marks a significant triumph for the film industry, particularly in the aftermath of the pandemic. The
In a time where the entertainment industry is facing challenges in attracting audiences, Fathom Events stands out by posting record revenue gains. Established as a collaboration between AMC, Regal, and Cinemark, Fathom Events has been bringing alternative content to the big screen for over 20 years. From classic Hollywood titles to live telecasts of theater,
Investors who are looking to add dividend-paying stocks to their portfolios are always on the hunt for companies with a strong track record of steady payments and solid financials. One such company that stands out is Darden Restaurants (DRI), which operates several well-known brands in the full-service dining sector, including Olive Garden, LongHorn Steakhouse, and
The presence of 35 unsponsored athletes at the U.S. Track & Field Olympic Trials this year is turning heads. These athletes, decked out in all-black, logo-less gear, are being supported by Bandit Running’s Unsponsored Project. This initiative challenges the traditional sponsorship model for professional athletes and aims to uplift up-and-coming competitors. Instead of unsponsored athletes
The market has been optimistic about the potential bullish move for both value and growth stocks in the second half of the year. There is a growing sentiment that value stocks, which have been lagging behind in the market, could see an upturn. According to Todd Rosenbluth, the head of research at VettaFi, the annual
Lawmakers’ interest in taxing the ultra-rich has been on the rise, but a recent Supreme Court ruling could pose a challenge to future wealth tax proposals, according to experts. The case of Moore v. United States focused on the “mandatory repatriation tax,” a one-time levy on certain foreign investments implemented in 2017. The Supreme Court’s