Author: News Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in GameStop surged more than 60 per cent early on Monday after a post on Reddit purported to show that Keith Gill, also known as Roaring Kitty, had built a position worth $181mn in the struggling video game retailer.The sharp rise came after Gill’s account, which goes by the name DeepFuckingValue on Reddit, posted a picture late on Sunday that appeared to show he had taken a share stake and options positions in the retailer. GameStop jumped 64 per cent to…
Investment Thesis Intel (NASDAQ:INTC) stock has plummeted by about 47% over the last three years. This underwhelming performance saw the stock trail its peers, some of whom registered strong double-digit growth. Despite a 40% drop from its December 2023 high, the current downtrend presents another great entry point for long-term investors. Following our previous coverage and a 29% pullback, I’ve doubled down on Intel. The convergence of technical indicators highlights a strategic opportunity to establish or intensify long positions using dollar cost averaging (DCA). The best time to buy Intel was in December 2022, when we called the bottom as…
Coke is still the top soda in America. But the runner up spot, long held by Pepsi, now belongs to Dr Pepper. After years of slowly gaining market share, Dr Pepper inched ahead of Pepsi as the number two soda brand in the country in 2023, according to market share data from Beverage Digest, a trade publication. Coke is the leader by a comfortable margin. Last year, it captured 19.2% of the soda market in the United States by volume, Beverage Digest’s data shows. Dr Pepper and Pepsi both had 8.3%, with Dr Pepper technically ahead. After that came other…
How much to save for retirement”The 15% is just a goalpost,” with the understanding that everyone’s situation is different, said Mike Shamrell, vice president of thought leadership for Fidelity’s workplace investing. The right retirement savings rate depends on your age, expected retirement date, cash flow, projected Social Security income, pensions and retirement plans, among other factors.However, “if you can’t reach that 15%, at least try to contribute [enough] to get your full company match,” Shamrell said.If you can’t reach that 15%, at least try to contribute [enough] to get your full company match.Mike ShamrellVice president of thought leadership for Fidelity’s workplace…
Check out the companies making headlines in midday trading: GameStop — The meme stock jumped more than 25% in volatile trading amid speculation that Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer. Gill, who goes by DeepF——Value on Reddit, reappeared Sunday night, posting a screenshot of what could be his portfolio holding five million shares of GameStop common shares worth more than $100 million. He also owned a position of 120,000 GameStop call options. AMC , another meme stock, popped 10%. Both names were also among those affected…
Nearly every store has rewards credit cards available for customers, but not all the offers add up to major savings. These offers are often the “genesis” of long-term issues, one personal finance expert warns. “There’s just a trickle effect that could last maybe years for that consumer,” financial planner and “What Should I Do With My Money?” author Bryan Kuderna told Fox News Digital. “They’re like, oh, you know, I got 50 bucks off of buying that sofa that maybe I didn’t even really want in the first place, and then… you look at what that did to their financial plan.…
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Johnny Cash said, “Success is having to worry about every damn thing in the world, except money.” Whether in life, work, or money, the word “success” is so often used. And that’s not necessarily a bad thing. It works because of its malleability—everyone can make up their own definition. In addition to the legendary Man in Black, here are a few more classics from undeniably successful folks: “Success is liking yourself, liking what you do, and liking how you do it,” said poet, Maya Angelou. Nobel Peace Prize winner Albert Schweitzer said, “Success is not the key to happiness. Happiness…
Former President Donald Trump falsely claimed in a new interview that he didn’t make a “lock her up” call for the imprisonment of his Democratic opponent of the 2016 presidential election, Hillary Clinton. Trump, who faces the possibility of a prison sentence after he was convicted last week on 34 felony counts of falsifying business records, was asked in an interview aired Sunday on Fox News about how he had “famously said… ‘lock her up’” in relation to Clinton but did not jail her when he was president. During his answer, Trump said he had decided that imprisoning Clinton “would have been a terrible thing.”…
South Africa’s governing African National Congress admitted it had been “humbled” by its worst general election performance since the first post-apartheid vote 30 years ago, but that it would not be “bullied” into axing President Cyril Ramaphosa. The election was formally declared on Sunday night, with the ANC winning just 40.2 per cent, a result that one senior party member said had sent “shockwaves” through the organisation. In the end, 58.6 per cent of the 27m eligible voters cast their ballot.The centrist Democratic Alliance came in second with 22 per cent. But the big winner was the uMkhonto weSizwe (MK) party launched…
