Inflation rates in the United States continued to decrease in July, largely due to a drop in price pressures for common consumer staples such as food and energy, as well as physical goods like automobiles. According to the U.S. Department of Labor, the consumer price index (CPI) rose by 2.9% in July compared to the
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Buffer ETFs have gained traction among investors as a way to hedge against recent market volatility. These exchange-traded funds offer a unique opportunity for individuals looking to gain exposure to the market while mitigating downside risk. CEO of Innovator ETFs, Bruce Bond, highlights the benefits of buffer ETFs in providing protection during uncertain market conditions.
For the past 15 years, the federal minimum wage in the United States has remained at a mere $7.25 per hour. This stagnant rate has left many workers struggling to make ends meet, prompting calls for change from various quarters. Democratic presidential nominee Kamala Harris has pledged to fight for working families by raising the
The recent revelation by Gilead Sciences of a dangerous drug-counterfeiting operation has sent shockwaves through the pharmaceutical industry. The scheme, allegedly orchestrated by Peter Khaim, a notorious medical fraudster, involved tampering with HIV medications produced by Gilead and then improperly reselling them to unsuspecting patients. This discovery has raised serious concerns about the safety and
As incoming CEO Brian Niccol prepares to take the reins at Starbucks, one of the core issues he will need to address is the problem of operational inefficiencies plaguing the coffee giant. The mobile ordering system, which accounts for roughly one-third of Starbucks’ total sales, has created a bottleneck that is frustrating both customers and
Investors looking to capitalize on the current market sentiment and potential interest rate cuts have turned to top Wall Street analysts for stock recommendations. One such top pick is project management software provider Monday.com (MNDY). The company recently impressed investors with its second-quarter results and outlook, leading to a price target increase by analysts. The
Zeekr, a Chinese electric car brand, unveiled its new groundbreaking batteries that claim to have the fastest charge in the world. This announcement is a game-changer in the electric car industry, as it directly addresses common consumer concerns about battery driving range and charging convenience. With Zeekr’s new batteries, a car can go from a
SpaceX is gearing up for its next private mission scheduled to launch at the end of the month. The Polaris Dawn mission, the first of three missions purchased by billionaire Jared Isaacman for his Polaris Program, is set to take off from Florida on August 26. This mission marks the first attempt to have astronauts
Byron Allen, the media mogul known for his interest in acquiring media assets for billions of dollars, is facing backlash due to consistently late payments from broadcast stations owned by Allen Media Group. These payments, totaling tens of millions of dollars throughout the year, have been as much as 90 days past due to networks
FanDuel made waves in the sports betting industry this week with its announcement that it would not be adding a surcharge to offset an Illinois tax hike. This decision not only impressed investors but also put pressure on rival DraftKings, who had previously stated that they would be introducing a surcharge in states with high