Shares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. The dip came just 48 hours before “lockup” restrictions that have so far barred the company’s majority shareholder, Donald Trump, and other insiders from selling their stakes, are set to expire.Until this week, the former president and early investors who received stock in the company when it merged with a special purpose acquisition company in March and began publicly…

Monkey Business Images / Shutterstock.comHybrid work is among the most common — and most desired — flexible work arrangements. In fact, a recent FlexJobs survey revealed that the majority of workers want some form of remote work, with 37% reporting that hybrid jobs are their preferred work arrangement. Good news for job seekers: Hybrid careers are on the rise in key areas. To help job seekers pinpoint which career fields offer the most… Read the…

In 1948, diamond company De Beers launched a marketing campaign with the slogan “A diamond is forever.” Fifty years later, the company created another campaign justifying the price of diamonds with the slogan, “Isn’t two months’ salary a small price to pay for something that lasts forever?”Now, De Beers is aggressively cutting prices to bring sales up, and you can buy a diamond-making device for $200,000 on Alibaba.It’s a sign that diamond production is democratizing,…

As the co-founder and former CEO of Yum! Brands, one of the world’s largest restaurant companies with a portfolio including franchises like KFC and Pizza Hut, David Novak drove tangible results.In the 17 years he was CEO, from 1999 to 2016, Novak helped scale the company to eight times its original size, from a market capitalization of $4 billion to $32 billion. However, Novak credits the numbers to a more qualitative than quantitative aspect of…

At most offices, water cooler talk revolves around annoying company rules or the quality of the snacks in the break room. But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could his more moderate children wrest control of Fox News from his conservative chosen-son Lachlan? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? These unknowns are…

Former President Donald Trump on Tuesday vowed that he would “get SALT back” if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions that he signed into law in 2017.Trump, the Republican presidential nominee, made the promise in a Truth Social post intended to court New York voters to back him over Democratic Vice President Kamala Harris in the Nov. 5 election.”We have a real chance of winning, for…

Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72.The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Capital Advisors in 2014 after lofty insider-trading settlements.”He is taking a break from trading his own book and he feels he can have a greater impact by focusing on running the firm, driving…

This article was written byFollowMichael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The Lead-Lag Report, focused on helping investors outperform in all market conditions. It offers a tactical, data-driven approach to investing, to achieve long-term success even…

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This article was written byFollowMy experience stems from the hedge fund industry beginning in the mid-90’s, working as a Portfolio Manager, Domestic Equity Analyst and Trader. I was the Portfolio Manager of a domestic Long/Short Equity product with gross assets that peaked over 1 Billion dollars. I am a fundamental, bottoms up, value investor on long investments, and catalyst oriented short investor. I like to employ technical analysis as a balance to my fundamental work, and also as a risk management characteristic to my overall investment philosophy. I look to author articles concerning unconventional investments, and overlooked securities. I am…

Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on…

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Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. The Wall Street firm believes the stock’s valuation is now “compelling,” while highlighting a slew of positive catalysts including new Chief Financial Officer Marie Myers’ possible cost-cutting initiatives and a cyclical recovery across servers, storage and networking. Microsoft — The stock moved about…

This article was written byFollowMichael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The Lead-Lag Report, focused on helping investors outperform in all market conditions. It offers a tactical, data-driven approach to investing, to achieve long-term success even…

Entrepreneur After nearly two decades of growth following the 2008 financial crisis, it appears America is reluctantly entering a highly-necessary economic correction. Rising compensation in leading industries like financial services and tech has finally stalled, luxury goods prices are falling off a cliff, and the outlook of the average American hasn’t been this bleak in quite some time, which comes as little surprise.More than 48% of Americans earning $100,000 or more live paycheck to paycheck,…

Yelp is celebrating its 20th anniversary on Tuesday, marking a major milestone for the internet review pioneer. According to the company, more than 287 million reviews have been posted by Yelp users over the past two decades.To celebrate, the company is releasing internal data on some of the most popular businesses of all time since the company debuted in 2004.The Metropolitan Museum of Art in New York takes the top spot, according to Yelp data.…

Former President Donald Trump announced the launch of a new cryptocurrency venture, World Liberty Financial, during an X livestream on Monday.Trump was joined by Steve Witkoff, a real estate magnate who helped spearhead World Liberty Financial, two of Trump’s sons, Donald Trump Jr. and Eric Trump, as well as two entrepreneurs, Chase Herro and Zachary Folkman.Trump explained, “Crypto is one of those things we have to do. Whether we like it or not, I have…

Brexit is having “profound and ongoing stifling effects” on goods trade between the United Kingdom and the European Union, according to a new report that adds to evidence of the economic damage wrought by Britain’s exit from the world’s largest trading bloc. Researchers at Aston University in England estimated that between 2021 and 2023, annual UK exports of goods to the EU were 17% lower than they would have been had Brexit never happened. Exports…

PARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week’s United Airlines deal, a company director said Tuesday.”Very excited that we have about 2,500 aircraft under contract now, bringing what was effectively a startup to now what we think is a growing experience that’s going to resonate with all the passengers and the airlines worldwide,” Nick Galano, SpaceX director of Starlink aviation sales and partnerships, said during a panel at…

Important Risks: The fund is actively managed and its characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. Bond values fluctuate in price so the value of your investment can go down depending on market conditions. Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer…

Entrepreneur Scaling a business is often painted as this glamorous race to the top. In reality, it’s the groundwork you lay that would either make or break your growth. I’ve been there — building a tech company from scratch to a successful exit and now investing in other startups — and let me tell you: the small, behind-the-scenes tweaks are what move the needle. It’s not enough to have a killer product, a stellar team…

This Side Hustle Spotlight Q&A features 25-year-old Elena Bonvicini, who runs her fashion brand EB Denim out of Los Angeles. EB Denim has generated multimillion-dollar revenue, and its pieces have been worn by Taylor Swift, Gigi Hadid and other high-profile celebrities, per the company. Responses have been edited for length and clarity.Image Credit: Courtesy of EB Denim. Elena Bonvicini. What was your day job or primary occupation when you started your side hustle?When I started…

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