By Dan Weil Morningstar has put together a list of the Top 10 dividend stocks that are widely held by its ‘ultimate stock-pickers.’ Given all the turmoil in financial markets recently, you may be interested in the regular income stream and possible cap…
Pumpkin Spice Sends Starbucks, Dunkin Visits Skyrocketing
By Veronika Bondarenko A week after Starbucks brought in its new fall menu, foot traffic soared by 25.7%. While many of us will poke fun at the western world’s obsession with pumpkin spice, the flavor never fails to signal the start of the fall — and b…
MGM Has Good News for the Las Vegas Strip (and Caesars)
By Daniel Kline The biggest operator on the Las Vegas Strip has some very positive things to share about what’s next as Sin City continues its covid recovery. Covid devastated the travel industry in not just the United States, but also the world. The p…
Housing Slump Continues as Existing-Home Sales Drop
By Dan Weil ‘The softness in home sales reflects this year’s escalating mortgage rates,’ says economist Lawrence Yun. The bad news for the housing market continues to mount. Existing-home sales fell for a seventh straight month in August, dropping 0.4%…
If Microsoft Stock Support Fails, Here’s When to Buy
By Bret Kenwell At this week’s low, Microsoft stock was down more than 31.5% from its all-time high. That’s the worst decline in more than a decade. The recent stock performance has been a tough pill for Microsoft (MSFT) – Get Microsoft Corporation Rep…
Hawkish Fed Lifts Rates By 0.75%, Sees More Hikes Ahead To Tame Inflation
By Martin Baccardax Markets are now pricing in a ‘peak” Fed Funds rate of around 4.6% in the first quarter of next year The Federal The Federal Reserve delivered its third major rate hike in succession Wednesday, extending what is now the most aggressi…
Elon Musk Is Enraged
By Luc Olinga Tesla’s CEO is the richest man in the world. Not everyone is pleased about that. Elon Musk is angry. Seriously so. The CEO of electric-vehicle market leader Tesla (TSLA) – Get Tesla Inc. Report has never hidden his emotions from his milli…
Buy Now, Pay Later Payments: New Rules Consumers Should Know
By Brian O’Connell Big changes are ahead for Buy Now Pay Later Buy now, pay later consumer models are taking the U.S. payments sector by storm. BNPL resonates with U.S. online shoppers, who make modest initial payments up front and pay the remaining ba…
The ‘King of SPACs’ Makes an Ominous Move
By Luc Olinga Venture capitalist Chamath Palihapitiya pumps the brakes on blank-check companies. One financial frenzy seems to have died down. Special-purpose-acquisition vehicles, or SPACs, had been seen as the streamlined answer to the administrative…
Gap Lays Off 500 as Fast-Fashion-Focused Consumers Snub Its Brands
By M. Corey Goldman Despite efforts to reinvigorate its Gap, Old Navy and Banana Republic offerings, Gap is laying off 500 corporate workers as consumers snub the once-popular brands. When you’re out, you’re out. Just ask Abercrombie & Fitch (ANF) – Ge…