In today’s corporate world, the issue of employees abusing corporate expenses is all too common. A 2016 global survey of CFOs revealed shocking requests made by employees, such as doggie day spa visits, taxidermy services, dance classes, a side of beef, and even a welder. These bizarre requests highlight the lack of control that companies
Opportunities
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,
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
As an investor, the looming question of when the next stock market crash will occur can be daunting. It’s crucial to understand the elements that typically foster a crash. Historically, a frothy stock market has often preceded market crashes. For example, the Panic of 1907 followed the biggest rally in the history of the Dow
In a recent survey conducted by BNY Mellon Wealth Management, it was discovered that family offices are transitioning into their own private equity funds, making direct investments into companies at an unprecedented rate. These family offices, which are the private investment arms of wealthy families, are increasingly taking a hands-on approach to investing by buying
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
The Covid-19 pandemic not only exposed the vulnerabilities in the American economy but also highlighted the resilience within certain sectors. Child care, in particular, took center stage as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has slowly recovered post-pandemic,
In a time where the job market is competitive and uncertainty looms, it’s essential for individuals to consider all avenues for financial planning, including tax strategies. Experts suggest that despite challenges such as prolonged unemployment and lower income projected for 2024, there are opportunities for tax planning that can lead to potential savings. One of
In December 2023, Apollo Asset Management Co-President Scott Kleinman made a bold prediction that went against the market sentiment at the time. While many were anticipating multiple rate cuts in 2024, Kleinman stood out by stating that he would be betting against any rate cuts. Fast forward to the present, and his contrarian view has
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