How Would You Like that Cooked? The Fed’s move to increase the Fed Funds Rate (FFR) by another 75 basis points to an upper bound of 3.25% was widely anticipated and what the chef (or market) suggested. Their quarterly summary of economic projections is what moved markets, due to the [...]
Ye Splits With Gap In an Instagram (META) clip posted last month, Kanye West told Gap (GPS) executives, “You have to really give me the position to be Ye and let me do what I’m thinking, or I have to do the thinking somewhere else.” Last week he finalized that [...]
The Costs There are a wide variety of factors when it comes to the cost of solar panels. Both the equipment itself and the installation are things to consider. On average, solar panels will cost a homeowner around $16,000. They can run as high as $35,000 and as low as [...]
The Deal’s Details Adobe (ADBE) announced its largest-ever acquisition last week, after it agreed to buy startup Figma for $20 billion. The deal speaks to the widespread growth of content creation and the way video and photo editing has exploded since the start of the pandemic. Figma, a software developer, [...]
VW’s Balancing Act Beginning September 29, shares of Porsche will begin trading on the open market in what will be one of Europe’s largest public listings in decades. Parent company Volkswagen (VWAGY) says around half of the gross proceeds will be distributed to shareholders as a special dividend. The IPO [...]
Up Next The Federal Reserve is planning to raise interest rates by 75 basis points this week. The central bank has already hiked rates four times this year, for a total increase of 2.25%. By raising interest rates, the Fed hopes to slow spending and raise the cost of borrowing [...]
MANU Up 3% YTD With the S&P 500 market index (SPY) down 19.7% year-to-date, 2022 has been a dismal year for the stock market. By comparison, the 3% yearly gain observed in the publicly-traded Manchester United (MANU) looks stellar. What’s even more impressive is that the English Premier League club’s [...]
Cracking Down For the first time ever, the Biden administration has released a proposed framework concerning the regulation of cryptocurrency. It follows up an executive order issued by the president in March that called for a risk-benefit analysis of the entire industry. One of the chief areas of focus is [...]
Economic Data Today the September NAHB Home Builders’ Index is due. Last month, builder confidence tumbled for the eighth straight month. The negative sentiment is mostly related to ongoing supply chain issues, high home prices, and elevated interest rates. Tomorrow, August Building Permits and Housing Starts are due, which will [...]
Latest Funding Round TeraWatt is an electric vehicle charging company that operates in 18 US states, mainly in the West. It focuses on building electric vehicle charging infrastructure for commercial fleets. Most recently, TeraWatt secured over $1 billion in Series A funding. This will allow it to continue building out [...]
