Successful Start In the years leading up to the pandemic, clothing subscriptions took off. Shoppers leaned on experts to facilitate piecing together fashions in a time-effective manner. Stitch Fix (SFIX) was one such company and it experienced some success following its 2011 launch. The online fashion company charges customers a [...]
Drug-Created Heartburn Many Americans suffer from heartburn and turn to medications to get relief. Unfortunately, in the case of the once-popular remedy, Zantac (ranitidine), it may have aggravated the condition it promised to resolve. In 2019 regulators determined it contained a chemical called NDMA, a probable carcinogen. This prompted the [...]
Economic Data Today the NAHB/Wells Fargo (WFC) Housing Market Index is due for August. This monthly survey provides a snapshot view of the single-family housing market, from the perspective of builders’ confidence. The index declined in July for the seventh consecutive month. Also be on the lookout for August’s Empire [...]
Centered on Social Media Founded in 2016, Overtime is a sports media company that built its brand through various social media platforms. It focuses on Gen Z and millennials and now ranks among the largest sports media companies in the world. The firm recently announced a $100 million series D [...]
Get your money, members: SoFi Checking & Savings is raising the APY for all members. Members with direct deposit will now earn 2.00% APY¹ on their balances, 60 times² the current national average. For members without direct deposit, all balances will continue to earn 1.00%, 33 times³ the national average. [...]
Running of the Bulls Bullish sentiment was the star of the show yesterday as year-over-year July CPI came in at 8.5% — below estimates and below June’s hottest read of the cycle yet at 9.1%. More importantly perhaps, the month-over-month reading was 0.0%, indicating no movement upward at all (on [...]
Back-To-School Breaks It’s a busy time of year for parents, students, and retailers. Depending on your perspective, the back-to-school shopping season is either dreaded or celebrated. For families with children it can also be a source of anxiety given the expense. In a number of US states lawmakers have attempted [...]
25 Straight Months According to the Adobe (ADBE) Digital Price Index, online prices are finally cooling off. The welcome development comes after 25 consecutive months of year-over-year increases. Prices fell 1% in July compared to the same time period in 2021. Meanwhile, it marked the second straight month that prices [...]
Returns were positive across most asset classes in July, a welcome development after a tough June. Interest rates declined broadly on fears of a downturn, despite job growth remaining strong and an acceleration in some inflation components. Commodity prices have declined significantly since Jun, however, a potential sign that inflation [...]
If you’re like many U.S. employers, you may have recently made, or are considering making, changes to your 401(k) plans in an effort to boost your employees’ retirement security, as well as their overall financial well-being. In 2022: The Next Evolution of DC Plans , a survey of 363 employers [...]
