Cava Group, the fast-casual restaurant brand, experienced a nearly 6% increase in after-hours trading due to a better-than-expected earnings report. The company posted a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue exceeded expectations, contributing to the positive market reaction. Despite a multiyear partnership announcement between Uber
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The Inflation Reduction Act, signed into law by President Joe Biden in 2022, has led to a surge in manufacturing investments, particularly in clean energy technology and electric vehicle manufacturing. Since the IRA was enacted, companies have announced a total of $133 billion in investments in these sectors, with $89 billion specifically going towards manufacturing
Federal Reserve Chair Jerome Powell’s policy speech on Friday has caught the attention of the financial markets, with high expectations for clarity on future rate cuts. However, the reality is that the market has already priced in the idea of rate cuts starting in September, with a high probability of continuous cuts through 2025. Despite
In light of the upcoming Federal Reserve’s interest rate decision, more investors are turning their attention to dividend stocks. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, suggests that this move is a wise strategy given his prediction of the Fed easing rates. According to Baiocchi, investors are transitioning away from money markets
Recent news has brought to light that Boeing will be returning its Starliner capsule from the International Space Station without the NASA astronauts it originally delivered to orbit in early June. This decision marks a significant change in plans, as NASA has now opted for Butch Wilmore and Suni Williams to return via SpaceX’s Dragon
Recently, National Public Data, a background check company owned by Jerico Pictures Inc., disclosed details of a massive data breach that potentially exposed over billions of personal records. The breach, which was highlighted in a proposed class action lawsuit, indicated that Social Security numbers, names, email addresses, phone numbers, and mailing addresses were compromised. While
Financial advisors often recommend maximizing 401(k) contributions to secure a comfortable retirement. In 2024, employees can defer up to $23,000 into their 401(k) plans, with an additional $7,500 for workers aged 50 and older. Despite the increase in contribution limits, not everyone should strive to max out their plan account, according to experts. Certified financial
Federal Reserve Chair Jerome Powell recently hinted at a potential interest rate cut, which would be the first in over four years. This shift in monetary policy has investors wondering how to navigate their portfolios in the face of changing rates. Financial advisors suggest that for those who are already well diversified, no immediate action
In response to the surge in Covid-19 cases this summer, the Biden administration has announced that it will resume offering free at-home tests to American households starting in late September. This initiative aims to provide families with the necessary tools to stay safe during the upcoming fall and winter seasons. The government’s decision to relaunch
The shareholder returns for leading homebuilders D.R. Horton and Lennar showed significant outperformance compared to the wider S&P 500 index between August 2014 and August 2024. Despite this initial success, analysts recently downgraded the investment outlook for both companies. This shift raises questions about the future trajectory of the industry. However, there are investors who