Uncategorized

It may be hard to believe now, but a few decades ago secondhand shopping carried a stigma.  Filling your wardrobe with finds from Goodwill or Buffalo Exchange often said something about your household’s income level — one shopped at resale stores out of economic necessity, not personal style preference.  But, oh, how times have changed. […]

Jamie Dimon does not mince words. He never has. The JPMorgan Chasechairman and chief executive officer has spent decades writing some of the most closely read annual letters on Wall Street.  His 2025 shareholder letter is no different, but this year, he went further than most expected. Dimon didn’t just talk about the bank’s record

Once a company gets placed into a receivership, the owners lose control and, in most cases, the decisions made benefit creditors first. “A receivership was traditionally intended to help creditors recover amounts outstanding under a secured loan if a borrower defaulted on its loan payments. Receiverships are one of the most powerful solutions available to

For most of American economic history, the federal government has been a customer of innovation, not an owner of it. The Pentagon writes checks for fighter jets. NASA pays contractors to build rockets. The Energy Department funds the national labs that work on science nobody else will pay for. But the government has rarely owned

Changes in Wall Street price targets usually arrive in small increments. A few dollars up, a few dollars down, and sometimes a rating left untouched. UBS skipped that script with Jazz Pharmaceuticals (JAZZ). On May 19, UBS analyst Ashwani Verma upgraded Jazz Pharmaceuticals two notches, from neutral straight to buy, and lifted his price target

Unless your name is Tesla, the U.S. EV market has been a minefield for original equipment manufacturers. There were dangerous cracks even as customers set a record sales pace through the first three quarters of 2025. U.S. consumers flocked to dealerships to buy EVs last year, right up until September 30, when the $7,500 EV

After months of market expectations of rate cuts this year, Federal Reserve Governor Christopher J. Waller signaled a major hawkish shift and warned that the U.S. central bank may need to raise interest rates due to the inflation risks from the Iran War.  The central bank’s current “wait-and-see” approach to holding rates steady is appropriate

Americans working to build a secure retirement know that every dollar they contribute to 401(k) plans and Individual Retirement Accounts (IRAs) today shapes the life they hope to enjoy tomorrow. Whether they dream of traveling the world, supporting family, or simply living with peace of mind, people understand that retirement savingsstakes are high. Savers sense

Most people think of Airbnb the same way they thought of Amazon in 1999 — a useful but narrowly defined platform. Amazon sold books. Airbnb rents homes. Both descriptions were accurate. Both turned out to be wildly incomplete. Brian Chesky wants you to rethink what Airbnb is becoming. The CEO sat down with CNBC recently

Target has spent the past few years battling a reputation problem that has proven difficult to shake.  Once known for clean, well-merchandised stores and a “cheap chic” shopping experience, the retailer has more recently faced criticism from shoppers over messy aisles, inconsistent inventory, and a lack of the excitement that once made it a go-to