Everyone, Everyday: Talking About What Matters
Reddit is getting ready to join the New York Stock Exchange, eyeing a $6.4 billion valuation. They’re listing themselves on the exchange as “RDDT,” offering 22 million shares at $31 to $34 each. Joining the Stock Exchange Redditt, one of the world’s largest and most popular social media sites, is looking to become a publicly … Read more
The Senate passed a $460 billion spending package ahead of a deadline to prevent a partial government shutdown. Despite the challenges and bipartisan criticism, the package aims to fund essential departments through fiscal year 2024, but with another budget deadline approaching, negotiations are far from over. Passing the Package In a last-second move to avoid … Read more
JetBlue Airways and Spirit Airlines have called off their $3.8 billion merger after a federal court ruling raised significant antitrust concerns in January, marking a victory for the Biden administration’s stance against mergers that could harm competition. The decision comes as both airlines recognized the insurmountable legal challenges they faced, with JetBlue agreeing to pay … Read more
The national average credit score has dropped for the first time since 2013 – and while it may not be a cause for national concern yet, it is an indication of growing financial stress for the average American. Average Credit Score Drops For the first time in ten years, the national average FICO credit score … Read more
Elon Musk’s involvement with OpenAI began with visions of a nonprofit promoting beneficial AI for the public, but as funding demands grew, disagreements emerged over shifting to a for-profit model. This led to Musk’s legal battles against OpenAI for deviating from its foundational mission, adding to the growing list of legal troubles Musk is facing. … Read more
Chinese investors and businesses are increasingly seeking profits abroad, driven by domestic market challenges. This outward investment trend is led by mechanisms like the Qualified Domestic Institutional Investor (QDII) program amidst regulatory challenges and a complex economic backdrop, reflecting a strategic pivot towards global diversification. Finding Profts Aborad Chinese investors and businesses are increasingly looking … Read more
Bitcoin has shattered previous records by surpassing $68,978, reflecting a renewed surge in interest and confidence. This surge was largely driven by the approval of spot Bitcoin ETFs and the anticipation of halving events. This resurgence defies past skepticism over its relevance, signaling a robust future despite environmental and regulatory challenges. New High Bitcoin’s incredible … Read more
As the 2024 Presidential primaries progress, the potential impact on the stock market becomes a topic of significant interest. This analysis aims to shed light on historical trends and what investors might anticipate as November’s election approaches. Presidential Primaries and Market Indifference To date, the presidential election cycle has not had a direct influence on … Read more
The Biden administration has recently unveiled a rule aimed at capping credit card late fees, marking a substantial effort to cut down on what it terms as “junk fees.” This move is projected to save U.S. consumers approximately $10 billion annually. New Standards for Late Fees Under the new guidelines proposed by the Consumer Financial … Read more
The U.S. aerospace manufacturer Boeing has reached a settlement with the U.S. State Department after numerous incidents of international export violation. $51 Million in Fines The American aerospace manufacturer Boeing has accepted a $51 million fine issued in a settlement with the U.S. State Department after being charged with several international export violations. Trouble in … Read more