Christina Lewis’ journey into the world of wealth management began at the age of 7 when she started helping her father manage his stock portfolio. Even at such a young age, she was designated as her father’s “broker” and took an active role in tracking stocks and understanding the market. Her father’s passing at the
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GameStop’s highly anticipated annual shareholder meeting took a turn for the worse on Thursday as technical difficulties plagued the event. The servers hosting the meeting crashed due to overwhelming interest in the stream, causing frustration among attendees who were unable to access the event. The meeting, which was scheduled to begin at 11 a.m. ET,
On Thursday, the U.S. stock market saw mixed results as investors assessed the latest economic data. The S & P 500 experienced a slight dip, but still remained close to its all-time high. This comes after the release of May’s producer price index data, which suggested a potential easing of inflation pressures. Additionally, weekly jobless
As Congress engages in a crucial discussion regarding the impending decision on trillions in expiring tax breaks, the spotlight has been on several Democratic proposals aimed at increasing taxes on corporations and wealthy Americans. Advocates of these plans argue that they are necessary to address income inequality and the federal budget deficit. Among the topics
In recent years, the fintech industry has undergone a significant transformation, with many industry insiders and investors suggesting that the sector has hit a “bottom.” Valuations have corrected from unsustainable highs seen during the industry’s peak in 2020 and 2021. This shift has led to a more rational market environment, moving away from the days
Revolut, a British financial technology firm, recently announced its plans to move its official headquarters from London to Canary Wharf, the city’s major financial district. The company has signed a 10-year lease for the YY London building, where it will establish its global headquarters. This move signifies a significant increase in office footprint for Revolut,
Broadcom recently released its earnings for the second fiscal quarter, surpassing analysts’ estimates. Moreover, the company announced a 10-for-1 stock split set to commence trading on a split-adjusted basis on July 15. This news caused the stock to surge by approximately 10% in after-hours trading. The quarter that ended in May showcased Broadcom’s financial strength.
Larry Ellison, the Chairman of Oracle, witnessed a significant increase in his wealth by nearly $19 billion after the company forecast double-digit revenue growth for the fiscal year. This positive outlook led to a sharp rally in the stock, marking its best performance since 2021. Ellison’s substantial fortune is largely attributed to his ownership of
Foundation Robotics Labs, a humanoid robotics startup, has recently come under fire for making false claims and exaggerations in its investor pitch. The company, seeking the last $1 million in funds for an $11 million seed round, touted an investment from General Motors and a purchase order worth $300 million. However, GM has refuted these
The Federal Reserve made a key decision to keep its interest rate unchanged and indicated that only one cut is expected before the end of the year. This came as a surprise to the markets, as there was hope for a more accommodative stance from the central bank. The Federal Open Market Committee decided to