‘Their accounts have made less than 1%’: I set up 529 plans for my teens, but they’re floundering. Can I move them back to CDs?
“Their 529 money is not growing.”
Restaurant Brands International (QSR) Q2 2024 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled by better-than-expected sales at Tim Hortons and the company’s international restaurants. “We certainly were planning […]
Drugmakers on new negotiated prices with Medicare
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023. Chris Kleponis | Bloomberg | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! The first round of Medicare drug price negotiations has come […]
Here’s what has to happen for Nvidia’s price to be justified, says the dean of valuation
Nvidia’s AI business can’t justify a $3 trillion valuation — but here’s what can, says a NYU finance professor.
Disney’s media assets are generating more excitement than parks
A scene from Disney and Pixar’s film “Inside Out 2.” Courtesy: 2024 Disney | Pixar Here’s a surprise: Disney‘s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box office failures, have […]
Here’s what’s worth streaming in August 2024: ‘Industry,’ ‘Only Murders in the Building’ and much more
August features new seasons of Max’s successor to “Succession,” Netflix’s “Emily in Paris,” and Amazon’s “Rings of Power”
‘Wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company Optoro. “During the summer and […]
AppLovin’s big profit beat, positive outlook lift the app-monetization stock
The company gave an upbeat profit outlook for the third quarter.
Inflation, grocery prices a top issue
Kroger, Walmart, and McDonald’s. Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | Reuters Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians’ crosshairs. Walmart, McDonald’s and Kroger are just a few of the companies that have […]
Jamie Dimon still sees a recession ahead
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When asked by CNBC’s Leslie Picker if he had changed his view from earlier this year that markets were too […]
