Recent research has shown that the increasing popularity of GLP-1 drugs is not only affecting consumers’ appetites but also their spending habits on food. A Morgan Stanley survey revealed that most individuals taking these medications are cutting back on dining out at restaurants and ordering takeout, resulting in a decrease in their food expenses. While
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Artificial intelligence (AI) has revolutionized the investing landscape since the debut of ChatGPT in November 2022. This groundbreaking technology has attracted significant attention from investors seeking the next big winners in the market. In 2023, seven major technology giants, including Tesla, Amazon, and Microsoft, contributed to a substantial portion of the market’s growth. However, as
The recent decision by Volkswagen employees in Chattanooga, Tennessee, to join the United Auto Workers (UAW) has been hailed as a historic victory for the labor organization. With 73% of the vote in favor of union organizing, this marks the first successful organizing drive of an automaker outside of Detroit’s Big Three. The UAW’s main
The recent Bitcoin halving event, which occurs approximately every four years, has once again taken place, cutting the rewards for miners in half. This significant event, as mandated in the Bitcoin code, aims to reduce the issuance of bitcoins, creating a scarcity effect that contributes to the digital gold-like quality of the cryptocurrency. While some
Procter & Gamble recently reported a mixed quarter, with sales in the three months ended March 31 increasing 1% year over year to $20.195 billion, falling short of analysts’ expectations. However, adjusted earnings per share rose 11% to $1.52, surpassing analyst forecasts. Despite weaker sales, the company delivered strong profitability, leading to an improvement in
Federal Reserve Bank of Chicago President Austan Goolsbee recently expressed his views on the difficulty of reaching the 2% inflation target by 2024 at the Society for Advancing Business Editing and Writing’s annual conference. Despite the Fed’s commitment to this goal, Goolsbee acknowledged that the path to achieving it is becoming increasingly challenging due to
The U.S. is on the brink of a significant increase in the number of centenarians in the next few decades. According to a Pew Research Center analysis of U.S. Census Bureau data, it is estimated that by 2054, there will be approximately 422,000 Americans aged 100 and above. This marks a significant increase from the
Lululemon, the popular athletic apparel retailer, has recently announced its plans to close its distribution center in Sumner, Washington. This decision will result in the layoff of 128 employees as the company shifts its focus to a newly opened warehouse outside of Los Angeles. The closure is part of Lululemon’s growth strategy to meet the
Zipline, a San Francisco-based startup specializing in the design, construction, and operation of autonomous delivery drones, recently celebrated a significant milestone – completing its 1 millionth delivery to customers. The company’s innovative approach to leveraging drone technology for commercial deliveries has garnered attention from major clients, including 4,700 hospitals like the Cleveland Clinic, as well
As the annual rate for newly purchased Series I bonds is expected to fall below 5% in May, many long-term investors are considering their options. The current interest rate stands at 5.27% for new I bonds purchased before May 1, but experts are predicting a drop to around 4.27% based on inflation trends. However, investors