The 10th Circuit U.S. Court of Appeals has granted the Biden administration’s request to stay an order that temporarily blocked a provision of its Saving on a Valuable Education (SAVE) plan last week. This decision comes as a major win for President Biden and his efforts to deliver relief to student loan borrowers. The SAVE
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The stock market in the United States has seen a significant increase in concentration among just a few companies in recent years. According to a Morgan Stanley analysis, the top 10 stocks in the S&P 500 accounted for 27% of the index at the end of 2023, nearly double what it was a decade earlier.
Boeing recently announced its decision to acquire Spirit AeroSystems, a struggling fuselage maker, in an all-stock deal aimed at enhancing safety and quality control within the aerospace industry. The deal, valued at $8.3 billion, will see Boeing paying $37.25 a share in Boeing stock for Spirit, thus giving the aerospace company an equity value of
In a time when the entertainment industry is facing unprecedented challenges, Fathom Events has managed to defy the odds by posting record revenue gains. Contrary to the struggling box office, Fathom Events, a joint venture between major theater chains AMC, Regal, and Cinemark, has been thriving. With a history of 20 years, Fathom Events has
When it comes to planning for retirement, many experts stress the importance of monitoring savings rates and having a sufficient nest egg. However, one crucial factor that often goes overlooked is life expectancy. Predicting how long you will live is a daunting task, as it is an uncertain variable that can greatly impact your financial
As the year progresses, there is a possibility of a bullish move for both value and growth stocks in the finance market. Todd Rosenbluth, the head of research at VettaFi, believes that value stocks, which have historically been market laggards, could experience a positive change due to the FTSE Russell’s annual rebalancing event. This rebalancing
The recent Supreme Court ruling in Moore v. United States regarding the “mandatory repatriation tax” has sent shockwaves through the realm of wealth tax proposals. While there is a growing interest in taxing the ultra-rich, experts believe that last week’s ruling may pose a threat to future wealth tax initiatives. The case, which focused on
In a sea of sponsored athletes, there is a growing movement of unsponsored runners making waves at the U.S. Track & Field Olympic Trials. These athletes, a total of 35, are part of Bandit Running’s Unsponsored Project, which aims to challenge the traditional sponsorship model in professional sports. Instead of donning the logos of major
The summer vacation season can be an exciting time for many, but it can also be a period where financial stress looms. According to a recent survey conducted by Bankrate, a surprising 36% of Americans have admitted that they plan to take on debt in order to travel during the summer months. This can lead
One of the key takeaways from the Summer Fancy Food Show is the resurgence of fish as a prominent protein source in the culinary world. Gone are the days when tinned fish was limited to specific cultural pavilions; now, fish products are being showcased across the entire event floor. Companies are capitalizing on the trend