Renowned economist Joseph Stiglitz, a Nobel Prize winner, believes that the Federal Reserve should implement a half-point interest rate cut at the upcoming meeting. Stiglitz has openly criticized the central bank for its tightening monetary policy, stating that they have gone “too far, too fast,” further exacerbating the inflation problem. As investors eagerly await the
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Seven & i Holdings has recently rejected a takeover bid from Canadian convenience store operator Alimentation Couche-Tard, claiming that the offer does not benefit its shareholders and stakeholders. The proposal, which offered to acquire all outstanding shares of Seven & i for $14.86 per share, was deemed as “opportunistically timed and grossly undervaluing” Seven &
The iconic British luxury fashion house Burberry Group recently experienced a significant setback as it dropped out of the U.K.’s prestigious FTSE 100 stock market index. This move came after a period of waning sales, management changes, and overall challenges faced by the 168-year-old retailer. The company’s share price has plummeted by over 53% in
Boeing’s Starliner spacecraft finally undocked from the International Space Station months later than anticipated, marking the end of a troublesome mission. Originally scheduled to depart much earlier, the capsule left the ISS without the two astronauts it transported to orbit in early June. Instead, NASA test pilots Butch Wilmore and Suni Williams will remain at
Vice President Kamala Harris is advocating for an increase in the capital gains tax rate. Her proposal involves a 28% tax on long-term capital gains for households earning more than $1 million annually. This marks a significant rise from the current rate of 20% for top earners. Harris frames this move as a means to
Broadcom recently disclosed its fiscal third-quarter results, surpassing the revenue and earnings projections set by Wall Street analysts. However, despite this positive outcome, the company’s shares dropped by 7% in the after-hours trading session due to guidance aligning with expectations. In comparison with the LSEG consensus estimates for the quarter ending Aug. 4, Broadcom reported
The recent call from Ancora to sell Forward Air is based on a deep analysis of the company’s performance and decisions over the past few years. Ancora, primarily a family wealth investment advisory firm with a history of activist efforts, has been involved with Forward Air for nearly four years. The firm initially focused on
In 2024, exchange-traded fund (ETF) inflows have reached record highs, surpassing previous monthly records. This surge in inflows has caught the attention of industry experts, who believe that the money market fund boom could play a crucial role in shaping ETF flows for the rest of the year. Nate Geraci, the president of The ETF