In the movie “Thelma,” a 93-year-old woman falls victim to a scam call where she is tricked into sending $10,000 to a P.O. Box address after believing it was her grandson in need. This type of scam, also known as grandparents’ scams or family emergency scams, is unfortunately all too real in today’s world. According
Business
Samsung Electronics recently witnessed a significant surge in its stock prices, reaching the highest level since January 2021. This spike comes as the South Korean tech giant announced better-than-expected profit projections for the second quarter of the year. The stock soared by as much as 2.24% on Friday morning, hitting a peak of 86,500 Korean
The recent announcement of HBC’s acquisition of Neiman Marcus Group for $2.65 billion marks a significant shift in the luxury retail sector. The merger of these two iconic retailers is a strategic move to create Saks Global, a powerhouse that will encompass Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ flagship stores, and Bergdorf Goodman.
The landscape of women’s soccer ownership is rapidly changing with the increasing interest of private equity investors. Unlike other major U.S. sports leagues, such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League, where private equity investors are limited to passive, minority stakes, the National Women’s Soccer League
Constellation Brands recently reported an earnings beat that was primarily driven by the strength of its beer business. Despite this positive news, shares of the company fell by 4%, indicating that investors, including analysts, were concerned about the ongoing weaknesses in the wines and spirits segment. This disparity highlights a significant issue within the company’s
The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give
The Florida Panthers, the Stanley Cup champions, have recently announced a major change in their TV broadcast home. After signing a multiyear deal with E.W. Scripps, the Panthers will now have their preseason and regular season games, as well as round one of the playoffs, televised on local broadcast networks in Florida. This move marks
Passion tourism has become a significant trend among Americans, with more and more people traveling overseas to fulfill their personal interests and hobbies. This trend has been highlighted by events such as annual Carnival festivals, total solar eclipses, major sporting events, and most recently, Taylor Swift concerts. According to travel experts, passion tourism is all
Millennials are said to be on the brink of becoming the wealthiest generation in history, with estimates indicating a whopping $90 trillion wealth transfer within the next two decades. As older generations, such as the silent generation and baby boomers, start passing on their assets to millennials, it begs the question of whether this younger
JPMorgan Chase and Morgan Stanley made significant announcements on Friday regarding their plans to reward shareholders. JPMorgan, the largest bank in the U.S. in terms of assets, revealed an 8.7% increase in its quarterly dividend to $1.25 per share. Additionally, the bank authorized a new $30 billion share repurchase program. On the other hand, Morgan