In his recent speech at the Democratic National Convention, Minnesota Gov. Tim Walz acknowledged the vital role that Social Security survivor benefits played in supporting his family after his father’s untimely death. This testimony shed light on the significance of Social Security benefits for children who have lost a parent. According to recent data from
The retail sector experienced a mix of positive and negative performances in the stock market. While companies like Target and TJX saw significant boosts in their stock prices, Macy’s faced a nearly 13% drop. This indicates a level of inconsistency in consumer behavior, with some retailers attracting more cautious consumer spending. Companies like Kimco and
The fast-casual restaurant brand, Cava Group, experienced a notable increase in its share price by nearly 6% in after-hours trading following its latest earnings report. The company reported a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue also exceeded expectations. Contrary to Cava Group’s success, shares of
Portillo’s, a fast-casual restaurant chain known for its Chicago-style hot dogs and Italian beef sandwiches, has been facing challenges despite its strong brand recognition. The company’s stock price has experienced fluctuations, dropping from its IPO price of $20 per share to $12.27 per share. Engaged Capital, an activist investor, has raised concerns about the company’s
The cost of attending college continues to rise, with some schools now reaching nearly six figures per year when factoring in all expenses. According to data provided to CNBC for the 2024-25 academic year, several prestigious universities such as New York University, Tufts, Brown, Yale, and Washington University in St. Louis have sticker prices exceeding
In anticipation of the Federal Reserve’s upcoming interest rate decision in September, more investors are turning their attention to dividend stocks. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, suggests that this shift towards dividend investments is a prudent move given his outlook on the Fed’s decision to ease rates. According to Baiocchi,
Edgar Bronfman Jr. has recently made a bid for a controlling stake in Paramount Global, which could potentially keep Shari Redstone closely connected to the company if his offer is successful. Bronfman has raised $6 billion to compete with Skydance Media for the ownership of National Amusements, a holding company founded by Sumner Redstone. Both
Since the implementation of the Inflation Reduction Act, the U.S. has experienced a manufacturing boom that has mobilized tens of billions of dollars of investment. This surge in investment has been particularly beneficial for rural communities in need of economic development. The future of these investments, however, may be at risk depending on the outcome
Boeing recently made the decision to return its Starliner capsule from the International Space Station without the NASA astronauts it delivered to orbit in early June. This unexpected move was announced by the agency on a Saturday, causing a buzz within the space community. The agency revealed that NASA astronauts Butch Wilmore and Suni Williams
The recent massive data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about potential exposure of 2.9 billion personal records. While reports vary on the exact number of records leaked, the breach is a stark reminder of the risks associated with cyber threats. According to National