With the Federal Reserve’s interest rate decision looming in September, investors are turning their attention towards dividend stocks as a sound investment strategy. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, believes that the Fed will ease rates, leading investors to move away from money markets and fixed income towards companies that may
Cava Group, a fast-casual restaurant brand, experienced a significant increase in shares by almost 6% in after-hours trading due to a strong earnings report. The company reported a profit of 17 cents per share, which exceeded expectations by 4 cents according to LSEG. Additionally, their revenue also surpassed estimates. This positive performance demonstrates Cava Group’s
During the Democratic National Convention, Minnesota Gov. Tim Walz shared his personal experience with Social Security survivor benefits, highlighting how it helped his family after his father’s passing. The emotional story emphasizes the crucial role that these benefits play in supporting families during times of hardship, such as the loss of a parent. With approximately
The Inflation Reduction Act has ignited a manufacturing boom throughout the United States, fostering billions of dollars in investment, particularly in rural communities seeking economic development. This surge in investments has the potential to be greatly influenced by the outcome of the upcoming U.S. presidential election. The uncertainty surrounding a potential Republican victory has instilled
The recent performance of retail stocks like Target and TJX shows a mix of success and struggle. While Target saw an impressive 11% jump in prices, TJX also experienced a 6% increase. On the other hand, Macy’s fell nearly 13% in Wednesday’s session, indicating challenges in the retail sector. This mixed bag of results highlights
Portillo’s is a fast-casual restaurant chain known for its Chicago-style hot dogs and Italian beef sandwiches. With a stock market value of $901 million, the company has been focusing on expanding its menu offerings and improving its restaurant performance to attract more customers. However, despite its iconic status in the Midwest, Portillo’s has been facing
The forthcoming policy speech by Federal Reserve Chair Jerome Powell at the annual conclave of global central bankers in Jackson Hole, Wyoming has sparked significant anticipation in financial markets. Despite the prevalent consensus that the Fed will initiate a cycle of rate cuts starting in September, the nuances and specifics of the impending monetary policy
The recent speech by Fed Chairman Jerome Powell at Jackson Hole stirred up the market, with investors eagerly anticipating interest rate cuts. Powell’s indication of upcoming policy adjustments led to expectations of a total of 100 basis points worth of cuts by the end of the year. This news boosted the S & P 500
Cava, a popular Mediterranean restaurant chain, recently announced a significant increase in its full-year outlook after reporting strong traffic at its locations. This positive news fueled better-than-expected quarterly earnings and revenue for the company, leading to a 7% increase in its stock in extended trading. This boost in performance has also resulted in Cava’s market
Edgar Bronfman Jr.’s recent offer for a controlling stake in Paramount Global has sparked speculation about the future of the company and its leadership. If Bronfman’s bid is successful, it could potentially keep Shari Redstone close to Paramount. Currently serving as the non-executive chairman at Paramount, Redstone may continue to be involved with the company