Share Of Million-Dollar Homes Reaches Record High As Lack Of Inventory Continues To Drive Prices Skywards
The share of U.S. homes worth $1 million or more has hit an all-time high as a shortage of housing inventory continues to drive prices upwards, the Wall Street Journal reported. Roughly 8.5% of U.S. homes are now worth $1 million or more, up from 7.6% a year ago and 4% prior to the COVID-19 […]
Incoming Starbucks CEO Brian Niccol poised to get sizable compensation
Brian Niccol will likely receive a handsome salary if he becomes CEO of Starbucks. Starbucks said in a filing with the Securities and Exchange Commission on Wednesday that it plans to pay Nicol an initial base salary of $1.6 million per year. Details of his compensation package, which includes other incentives and company performance requirements, […]
‘Most Terrifying Proposal I’ve Ever Seen’: Former Trump Economic Advisor Reacts To Kamala Harris ‘Price Gouging’ Plan
Former Trump administration official Kevin Hassett said Friday that Vice President Kamala Harris’ proposal to “set the price of things” was “absolute socialism” during a Fox News appearance. Harris is expected to announce the plan to ban “price gouging” by corporations on groceries during a Friday speech in North Carolina, which will be enforced by […]
Millions Of Americans At Risk After Hackers Seize Personal Data Including Social Security Numbers
Millions of Americans are at risk after hackers seized access to their personal data, including their Social Security numbers, according to a new lawsuit filed by one of the victims. hacker over a screen with binary code. (Shutterstock/adike) A hacker group known as USDoD posted a database titled “National Public Data” on a dark web […]
Plastic manufacturers push back after Biden administration agrees to support global goal to cap production
Former Energy Secretary Rick Perry reacts to the latest climate change push on “The Bottom Line.” Industry groups are reacting negatively to reports that the United States has announced its support for an international treaty calling for the reduction of new plastic production. In a statementMatt Seehold, president and CEO of the Plastics Industry Association, […]
Layoffs announced at multiple companies this summer
Mario Gabelli, chairman and CEO of Gamco Investors, talks sports investing and the surge in small-cap stocks on “The Claman Countdown.” Over the summer, various companies announced job cuts. The planned job cuts are expected to have a collective impact on thousands of people working in industries including technology, media and automotive. Companies that have […]
Walmart beats Wall Street expectations as it offers more grocery discounts
CFRA Senior Vice President Arun Sundaram analyzes Walmart and Target’s earnings, expectations for their stock prices, and changes in the way consumers shop. Walmart, America’s largest retailer and private employer, lured shoppers with deeper discounts on groceries and reported strong quarterly results that beat Wall Street expectations. The Arkansas-based company said consolidated sales rose 4.8% […]
Wally Amos, founder of world famous cookies, dies at home in Hawaii: reports
Anthony Chan, a former chief economist at JPMorgan Chase, was responding to Kamala Harris saying that lowering prices would be her “first day in office priority,” even though she’s already in office. The creator of the popular chocolate chip cookie “Famous Amos Cookies” died at his Hawaii home on Tuesday at age 88, according to […]
Wally Amos, Founder Of Popular Cookie Brand ‘Famous Amos’ Dies At 88
Wallace “Wally” Amos, founder of the iconic cookie brand “Famous Amos,” died Wednesday at the age of 88. Amos died peacefully at his home following a battle with dementia, his children Sarah and Shawn confirmed, according to the New York Times. Amos created his brand from a family recipe in a Hollywood, California bakery in […]
DOJ mulls Google breakup over monopoly concerns: report
Investors Business Daily Editor-in-Chief Alyssa Coram explains what could happen with a Google breakup and discusses Nvidia stock. The Department of Justice is considering the following options: Google splits A federal court reportedly found that the tech giant and its parent company Alphabet maintained an illegal monopoly in the online search market. Bloomberg News reported. […]