As we approach the next presidential administration in 2025, the uncertainty surrounding the markets and economy is palpable. The stark contrast between the policy platforms of the incumbent and potential candidates raises questions about what lies ahead. While a crystal ball may not be at our disposal, a comprehensive guide outlining potential economic scenarios could
Investing
Billionaire investor Bill Ackman recently made headlines by announcing the postponement of the highly scrutinized listing of Pershing Square’s U.S. closed-end fund. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced. Ackman is now looking to raise $2.5 billion to $4 billion
NextEra Energy is contemplating the idea of bringing back to life the Duane Arnold Energy Center in Palo, Iowa. The nuclear plant had ceased operations in 2020 after 45 years of active service. With the increasing demand for carbon-free energy and a surge in electricity consumption, the company’s CEO, John Ketchum, mentioned the necessity of
On Tuesday, spot ether exchange traded funds are set to begin trading, creating a buzz amongst crypto enthusiasts. These new ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network. While there are already ether ETFs that track futures contracts, these will be the first ones to track spot ether. Some of
In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission has given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. This move is expected to open up new investment opportunities for investors who want exposure to the rapidly growing digital asset space. Key Players in the
Berkshire Hathaway made a surprising move recently by trimming its massive Bank of America holding for the first time in over four years. This decision came after the bank’s strong performance in 2024. Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America in separate transactions, totaling almost $1.5 billion. The average selling price
The first stock favored by top Wall Street analysts is Costco Wholesale (COST), a membership-only warehouse chain that recently announced an increase in its membership fees. Despite the challenging macro environment, Jefferies analyst Corey Tarlowe reiterated a buy rating on COST stock and raised the price target to $1,050 from $860. Tarlowe believes that the
The gaming world is buzzing with excitement as Electronic Arts gears up to launch its highly anticipated EA Sports College Football 25. Gamers, both old and new, are eager to experience the revamped version of the beloved college football game. The game’s upgraded features and improved gameplay have fans on the edge of their seats,
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, has set a new record in the world of paleontology. Griffin recently made headlines by purchasing a late Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. The price tag on this incredible fossil makes it the most valuable ever sold
The International Monetary Fund recently issued a warning regarding the escalating risks of inflation, signaling a potential obstacle to multiple interest rate cuts by the Federal Reserve in the current year. According to the IMF’s World Economic Outlook update, there has been a noticeable slowdown in global disinflation momentum, indicating challenges ahead. The report specifically