In today’s rapidly changing financial landscape, the sources of investment advice are varied and unique. One such emerging group of advisors are ‘finfluencers’ – financial influencers who provide investment recommendations on social media platforms like TikTok. While the idea of taking financial advice from individuals on social media may seem risky, the popularity of finfluencers,
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Hopes were high earlier this summer for millions of federal student loan borrowers as the Biden administration announced plans for debt forgiveness. However, a recent development has put a temporary hold on this relief. Here’s what we know so far about the obstacles facing the new loan forgiveness plan. On September 5th, U.S. District Judge
Nelson Peltz, who served as the chair of Wendy’s for the past 17 years, has announced his departure from the fast-food chain. This news comes at a time when Wendy’s sales have been declining due to low-income consumers eating out less, resulting in a decrease in the company’s market value by more than 12% this
The ongoing carriage dispute between DirecTV and Disney has left millions of DirecTV customers in the dark when it comes to watching popular channels like ESPN and FX. The battle over fees and bundling has escalated to the point where DirecTV customers are missing out on major sporting events, including the NFL’s “Monday Night Football”
The debate surrounding the U.S. Federal Reserve’s upcoming meeting is fueled by differing opinions on the necessity and potential impact of a jumbo 50 basis point rate cut. While some analysts, like Michael Yoshikami, view a larger cut as a positive step towards supporting job growth and preempting a potential economic downturn, others, like economist
The former CEO of British chip design firm Arm, Warren East, recently gave a keynote speech at Cambridge Tech Week criticizing the U.K.’s lackluster performance in commercializing technology businesses globally. According to East, there needs to be a mindset shift in the investor community in order for the U.K. to succeed on the world stage.
Apple’s latest product showcase failed to excite investors, resulting in a lackluster response from the market. While the stock initially dipped during the event, it managed to recover slightly by the end of the day. Despite reaching an all-time high in mid-July, Apple is currently down nearly 7% from those levels. However, it is important
The IRS is currently in the process of developing plans to avoid increasing audits for taxpayers earning less than $400,000 annually. However, certain aspects of your tax return can still trigger scrutiny, irrespective of your income level, according to experts. The Treasury Inspector General for Tax Administration (TIGTA) recently reported that the IRS has only
Discount home goods retailer Big Lots has recently filed for bankruptcy, citing high interest rates and a sluggish housing market as factors contributing to its financial downfall. The company, which operates over 1,300 stores across 48 states, has seen a decline in sales following a drop in demand for home furnishings post-pandemic. Despite generating $4.7
Seven & i Holdings has recently rejected a takeover offer from Canadian convenience store operator, Alimentation Couche-Tard. The rejection was based on the belief that the offer did not serve the best interests of the company’s shareholders and stakeholders. The offer, which was for $14.86 per share, was labeled as “opportunistically timed” and was criticized