In anticipation of the Federal Reserve’s upcoming interest rate decision, more investors are shifting their focus towards dividend stocks. This strategic move is backed by the belief of Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, who foresees the Fed easing rates. According to Baiocchi, investors are moving away from money markets and
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Cava, a popular Mediterranean restaurant chain, recently announced its full-year outlook after reporting strong traffic in its restaurants. This positive performance led to better-than-expected quarterly earnings and revenue. As a result, the company’s shares rose by 7% in extended trading. The stock has more than doubled in value this year, reaching a market cap of
As stocks rose on Wednesday, the focus was on retail giants such as Target and TJX. Target saw an 11% jump in its stock price, while TJX received a 6% bump. These gains are a reflection of the performance of retail earnings this season. Companies like Macy’s, despite falling nearly 13% in Wednesday’s session, indicate
The implementation of the Inflation Reduction Act has led to a significant manufacturing boom across the United States, with billions of dollars being invested, especially in rural communities in need of economic development. This influx of investment has the potential to transform these communities and bring about lasting change. However, the future of these investments
Edgar Bronfman Jr.’s recent bid for a controlling stake in Paramount Global has the potential to bring significant changes to the company’s ownership structure. If successful, Bronfman’s offer could result in Shari Redstone, the current non-executive chairman at Paramount, maintaining her involvement with the company. This offer comes in the form of a $6 billion
The fast-casual restaurant brand, Cava Group, experienced a significant increase in shares during after-hours trading due to a better-than-expected earnings report. This positive result can be attributed to the profit of 17 cents per share, which exceeded the LSEG estimate by 4 cents. Additionally, the revenue also surpassed expectations. This suggests that Cava Group is
The federal government has implemented a strict policy regarding seriously delinquent tax debts, which could potentially lead to the revocation or limitation of an individual’s passport. This policy has been in place since 2018 and aims to enforce the collection of unpaid tax levies as a last resort measure. Any American with a federal tax
Portillo’s, a renowned fast-casual restaurant chain, has been facing scrutiny by activist investor Engaged Capital regarding potential steps to enhance the company’s performance. Despite being an iconic Midwest establishment with a diverse menu, Portillo’s has struggled to maintain its stock value and operational efficiency. The company’s stock chart shows fluctuations, with its stock price hovering
The anticipation surrounding Federal Reserve Chair Jerome Powell’s upcoming policy speech is palpable, yet the likelihood of any groundbreaking news emerging from his address appears slim. The market seems to have already made up its mind about the Fed’s course of action, with widespread speculation stating that the central bank will commence lowering interest rates
Kamala Harris, Vice President of the United States, recently unveiled an economic policy proposal that focuses on increasing affordable housing in the country. Harris aims to lower the costs of owning and renting a home in the U.S. by constructing 3 million new housing units over the next four years. This proposal has been met