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Wall Street Embraces Ether: Exchanges Approved to List Spot ETFs

Wall Street Embraces Ether: Exchanges Approved to List Spot ETFs

Applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) linked to the price of ether were authorized by the U.S. Securities and Exchange Commission (SEC) on Thursday.

May 25, 2024 12:16 PM EDT


Could Higher Rates Trigger Interstate Exodus?

Could Higher Rates Trigger Interstate Exodus?

According to Michael Mazerov, senior scholar at the Center on Budget and Policy Priorities, other research indicates that state taxes may not have a significant effect on migration trends.

May 24, 2024 11:56 AM EDT


Analyst Sees Tech, Wealth Transfer Lifting Stocks

Artificial Intelligence, Millennial Inheritance Could Spark Stock Market Surge

Some investors may worry about market volatility ahead, given a contentious presidential race, lingering inflation, sinking consumer sentiment, and uncertainty over Federal Reserve interest rate cuts.

May 25, 2024 12:22 PM EDT


Drugmaker Pfizer Seeks $1.5 Billion in Cost Reductions

Drugmaker Pfizer Seeks $1.5 Billion in Cost Reductions

On Wednesday, Pfizer announced the start of a new, multi-year cost-cutting initiative as it attempts to recover from the sharp fall in its Covid business.

May 24, 2024 11:51 AM EDT


Feds Clarify Protections for Buy Now, Pay Later Users

Feds Clarify Protections for Buy Now, Pay Later Users

The growing "buy now, pay later" industry has regulators catching up.

May 23, 2024 09:03 PM EDT


Retail Giant Walmart Commits $700 Million to Guatemala's Growth

Retail Giant Walmart Commits $700 Million to Guatemala's Growth

Walmart's Central America president announced on Wednesday that the company intends to invest almost $700 million in Guatemala over the next five years.

May 23, 2024 12:42 PM EDT


Dave Ramsey Recommends Claiming Social Security Early Amidst Concerns

Dave Ramsey Recommends Claiming Social Security Early Amidst Concerns

A growing number of Americans fear they may not get the Social Security benefits to which they have paid during their working lives.

May 22, 2024 10:48 AM EDT


Biden Orders 1 Million Barrels from Reserve to Curb Rising Gas Costs

Biden Orders 1 Million Barrels of Gasoline from Reserve to Curb Rising Gas Costs

In an effort to lower gas costs this summer, the Biden administration said on Tuesday that it is releasing one million barrels of gasoline from a Northeast reserve created during Superstorm Sandy.

May 22, 2024 10:07 AM EDT


The Taylor Swift Fallacy: Why Big Events Don't Always Equal Big Boosts

The Taylor Swift Fallacy: Why Big Events Don't Always Equal Big Boosts

Some are innocuous, such as the recurring claims that Taylor Swift's current global tour generates $1,300 or more in local spending for every $100 spent on tickets wherever she travels.

May 22, 2024 10:05 AM EDT


GLP-1 Weight Loss Option Now 85% Cheaper with Hims & Hers

GLP-1 Weight Loss Option Now 85% Cheaper with Hims & Hers

Injectable GLP-1 weight reduction medications are being sold by direct-to-consumer pharmaceutical firm Hims & Hers Health at a far lower price than name-brand rivals like Wegovy and Ozempic.

May 21, 2024 01:18 PM EDT


Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes

Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes

For those who are purchasing a home, the year has been difficult thus far because of the combination of rising loan rates and high housing costs. Regretfully, there might not be much respite for the rest of 2024.

May 21, 2024 01:14 PM EDT


Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets

Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets

As inflation bites into household budgets and more Americans become more frugal with their purchasing, Target intends to lower prices on thousands of consumer staples this summer, ranging from milk to diapers.

May 21, 2024 01:12 PM EDT


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