Discover investing guides, market trends, and resources for informed decisions.
Assets
Investing in gold can be a prudent strategy for diversifying your portfolio and safeguarding against economic uncertainties. However, it's essential to avoid common pitfalls that can undermine your investment. Here are 4 mistakes to watch out for: 1. Overconcentration in Gold Allocating too much of your portfolio to
Business Insights
In March 2024, Home Depot announced its acquisition of SRS Distribution for $18.25 billion, marking the largest purchase in the company's history. SRS Distribution, based in McKinney, Texas, operates over 760 branches across 47 states, supplying materials to professional roofers, landscapers, and pool contractors. This strategic move
Artificial Intelligence (AI)
Elon Musk's artificial intelligence startup, xAI, is in the process of raising up to $6 billion to acquire 100,000 Nvidia H100 GPUs for its forthcoming data center in Memphis, Tennessee. This facility aims to become one of the world's most powerful supercomputers, significantly enhancing xAI&
Business Insights
The Walt Disney Company reported strong fiscal fourth-quarter results for 2024, surpassing Wall Street expectations and highlighting significant growth in its streaming and film divisions. Financial Highlights * Earnings Per Share (EPS): Adjusted EPS rose by 39% to $1.14, exceeding analyst projections. * Revenue: The company generated $22.57 billion in
Media
In a surprising development, the satirical news outlet The Onion has acquired Infowars, the far-right conspiracy website founded by Alex Jones, through a bankruptcy auction. This acquisition, supported by the families of the Sandy Hook Elementary School shooting victims, aims to transform Infowars from a platform known for spreading misinformation
Real Estate
The New York City Council has passed the Fairness in Apartment Rentals Act (FARE), shifting the responsibility of paying broker fees from tenants to landlords. The legislation, approved by a 42-8 vote, aims to alleviate the financial burden on renters by prohibiting brokers representing landlords from charging fees to tenants.
Economy
The U.S. dollar has experienced significant strengthening, reaching its highest levels in years. This surge is attributed to robust economic growth, higher interest rates, and increased investor confidence in the U.S. economy. A strong dollar has both advantages and disadvantages. On the positive side, it makes imports cheaper
Real Estate
U.S. home builders are increasingly converting unsold homes into rental properties or selling them to investors amid a surge in housing inventory and elevated mortgage rates. This shift is driven by a significant rise in unsold inventory, which has reached its highest level since 2009, and the affordability challenges
Robotics
Jeff Bezos has invested in Physical Intelligence, a robotics startup specializing in advanced automation solutions for household tasks. The company recently secured $400 million in funding, elevating its valuation to $2.4 billion. Physical Intelligence focuses on developing general-purpose AI models for robots capable of performing a variety of tasks.
Business Insights
Seven & i Holdings, the Japanese conglomerate and owner of 7-Eleven, has received a non-binding management buyout (MBO) proposal valued at approximately ¥9 trillion ($58 billion) from Ito-Kogyo, a company linked to Vice President Junro Ito, a member of the founding family. This offer is under review by a special
Business Insights
Just Eat Takeaway.com has agreed to sell Grubhub to Wonder Group for $650 million, a significant decrease from the $7.3 billion it paid in 2021. The deal includes $150 million in cash and the transfer of $500 million in senior notes to Wonder. This sale reflects the challenges
Wealth
Elon Musk's net worth has surged significantly, nearing his previous peak of $340 billion, primarily due to a substantial rise in Tesla's stock value. This increase is largely attributed to the market's positive reaction following Donald Trump's reelection, which has been perceived