Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
Cash
Investors are always on the lookout for opportunities to protect their portfolios from market volatility and enhance returns. One way to achieve this is by investing in dividend-paying stocks. These stocks not only offer a regular income stream through dividends but also have the potential for long-term growth. One of the top dividend picks recommended
Keith Gill, also known as “Roaring Kitty,” has recently upped his ownership in GameStop’s common stock and now holds over 9 million shares. This increase was evident when Gill shared a new screenshot of his E-Trade portfolio on Reddit’s Superstonk forum, revealing his sizable GameStop holdings along with a substantial cash position exceeding $6 million.
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
The sell-off in GameStop shares on Wednesday intensified during afternoon trading, leading to a significant drop in the stock price. This sell-off coincided with a spike in trading volume in the call options owned by meme stock leader “Roaring Kitty”, whose real name is Keith Gill. Despite disclosing his portfolio on Monday night with 120,000
The U.S. Treasury Department and Internal Revenue Service have recently announced that more than $1 billion in tax credits is being provided as an upfront cash incentive to buyers of electric vehicles. This initiative was established through the Inflation Reduction Act, which allows for tax credits worth up to $7,500 for new EVs and $4,000
Homeownership in the U.S. has become increasingly expensive over the years, and it’s not just the purchase price that’s on the rise. The hidden costs of maintaining a home have also seen a significant increase. According to a recent report by Bankrate.com, the average annual cost of owning a home comes to $18,118, or $1,510
Homeowners across the United States are sitting on near-record amounts of home equity. The total home equity for U.S. mortgage holders has surged to over $17 trillion, making it a lucrative option for those looking to leverage their assets towards financial goals. This increase in equity per borrower, which has risen to approximately $305,000 from
GameStop, the video game retailer that has been in the spotlight due to the meme trader “Roaring Kitty,” has recently reported dismal fiscal first-quarter results. The company’s net sales plummeted by 29% to $881.8 million compared to $1.237 billion in the previous year. These figures were even lower than what Wall Street analysts had predicted,
The United States saw a remarkable increase in millionaires last year, standing out among other countries by adding 600,000 new millionaires. According to a report by Capgemini, the millionaire population in America grew by 7.3% in 2023, reaching a total of 7.5 million individuals. Their combined wealth surged to $26.1 trillion, up by 7% from