In the world of extreme wealth, the concept of billionaires used to be the epitome of financial success. However, with companies like Berkshire Hathaway and Nvidia surpassing the $1 trillion mark, the focus has shifted to the race for trillionaire status. The question on everyone’s mind is: who will be the first to reach this
California is gearing up to launch a $2.5 billion tax-exempt general obligation bond sale, marking the state’s second largest bond offering of the year. The funds raised from this sale will be allocated towards financing voter-approved projects, paying off outstanding commercial paper, and refunding existing general obligation bonds. Fitch Ratings has assigned a AA rating
Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, in a bold move challenging the Murdoch family’s dominance over the media conglomerate. This initiative, revealed by sources familiar with the situation, indicates a significant shift in power dynamics within the company. The move was executed through a non-binding shareholder resolution,
Bitcoin’s historical cycles as analyzed by on-chain analytics firm IntoTheBlock point towards a potential significant rally in 2025. This analysis is based on the average duration between Bitcoin’s halving events and subsequent peaks, with the next peak anticipated in the summer of 2025. Bitcoin’s halving events, occurring roughly every four years, reduce the reward for
As September began with a rocky start for the U.S. stock market, investors turned to recommendations from top Wall Street analysts to guide their stock picks. One such recommendation is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers. Despite the positive reception of the company’s second-quarter results and reiterated full-year guidance,
As the summer holidays draw to a close, investors in China are faced with the harsh reality of a sluggish consumption and growth prospects in the near future. JPMorgan recently downgraded its opinion on Chinese stocks to neutral from overweight citing a challenging outlook. This pessimistic view was further reinforced by Nomura’s demotion of MSCI
The semiconductor industry has faced significant challenges in the past few months, with chip stocks experiencing their worst stretch in over four years. The VanEck Semiconductor ETF (SMH) saw a dramatic 11.7% decline in a Labor Day-shortened, four-day trading week, marking its worst performance since March 2020. This sharp decline is indicative of the volatile
The recent decline in Bitcoin price has stirred up mixed emotions within the crypto community. Michael Saylor, the co-founder and chairman of MicroStrategy, recently sent out a strong message through a tweet, advising investors not to sell their Bitcoin even in the face of market fluctuations. This message comes at a crucial time when the
The National Football League (NFL) season has always been a prime advertising platform, and automakers are starting to realize the potential once again. After a slowdown in recent years due to various factors, major automakers like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are all looking to capitalize on the NFL and
The rise of pickleball has had a significant impact on Life Time Group Holdings, a company that has strategically positioned itself to benefit from the surge in popularity of this sport. Pickleball, which experienced a boom during the Covid lockdown, has continued to attract more players across all levels, leading to a substantial increase in