US Economy is Putting Young People Off Dating
Rising prices and broader economic pressures are reshaping young Americans’ appetite for romance, with date-night inflation forcing many to step back from the scene altogether.
According to the BMO Real Financial Progress Index, released in February, nearly half (47 percent) of singles in the U.S. say dating is no longer worth the price.
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Read MoreFederal Reserve Will Likely Hold Rates Steady In Jerome Powell’s Final Meeting
Topline
The Federal Reserve is overwhelmingly favored to hold interest rates steady again on Wednesday, in what is likely Jerome Powell’s final meeting as the central bank’s chair amid a contentious relationship with President Donald Trump.
Powell’s term as the central bank chair expires next month.
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Read MoreFederal Reserve expected to hold interest steady in Powell's final policy meeting as chair
Federal Reserve Chairman Jerome Powell is set Wednesday to make his final interest rate announcement. He wil announce the decision by the Federal Open Market Committee.
The committee is expected to hold interest rates steady, NBC News reported.
Powell’s term as chairman concludes May 15, but he could remain on the committee.
Read MoreAI Worries Have Returned to Wall Street. Now Come Earnings.
AI jitters are back on Wall Street.
Shares of Oracle, CoreWeave, SoftBank and other firms tied to OpenAI slumped on Tuesday, with those three all dropping at least 4% after The Wall Street Journal reported that the ChatGPT maker had missed its own targets for revenue and users.
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Read MoreWarren Buffett once bragged he could fix the deficit ‘in 5 minutes’ — And Elon Musk agrees. Could it actually work?
Photo collage of Warren Buffett and Elon Musk
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The U.S. government has been running budget deficits for years — consistently spending more than it collects. Neither the Democratic nor the Republican Party has managed to rein in the red ink,
Read MoreThe Burst
Pick and Shovel EV Play (Hint, Not Tesla)
In light of Tesla’s recent workforce reduction as sales slump, it may seem like a risky play to invest in an EV pick and shovel play but we’re eyeing Infineon, with a market cap of around $43 billion as an opportunity.
It’s a company that is best known for SiC and GaN technologies that are designed to meet rising demand in the sector as a whole.
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Read MoreThe Ivy
4 Stocks Behind Bill Gates $45 Billion Portfolio
The Bill & Melinda Gates Foundation is a philanthropic powerhouse that lists among its accomplishments the total eradication of two types of polio virus, improving agricultural outcomes in impoverished countries and delivering health services to millions worldwide.
Making these initiatives possible is a $45 billion investment portfolio that generates the money needed to fund the foundation’s efforts.
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Read MoreThe Spotlight
Will Roku Soar 9x From Here?
Roku’s most recent financial report disappointed investors. Slowing streaming growth and lower ad spending, paired with economic uncertainty, have caused Roku’s stock to plummet.
Shares are down over 66% year to date and more than 80% compared to the highs reached last year. The stock is so battered that many are staying away.