Podcasting superstars are taking their fame to new heights as media companies offer nine-figure deals for the rights to their shows. NFL brothers Travis and Jason Kelce’s $100 million deal this week with Amazon’s podcasting studio, Wondery, marked the latest high-priced deal in 2024, highlighting a major shift in the audio landscape as…

Investment Thesis Airlines have a bad reputation with many investors because of their low profit margins and cyclical nature of the business. Allegiant Travel Company (NASDAQ:ALGT) has lived up to the bad reputation of airline stocks over the past year with shares down more than 50%. In this analysis, I…

A former top bankruptcy judge is set to be questioned under oath next month over a secret romantic relationship with a lawyer whose fees he approved, as multiple investigations reveal the breadth of a judicial scandal that has gripped the world of distressed debt and corporate restructurings.Judge Eduardo Rodriguez, now…

A new television ad from former President Donald Trump’s campaign piles deception upon deception to attack Vice President Kamala Harris on immigration. The ad uses an edited quote to attack Harris over a supposed proposal that she hasn’t actually made. The ad features a narrator saying this: “Attention seniors: Kamala Harris has…

Seemingly everyone agrees there’s a retirement crisis – everyone, that is, except for retirees themselves. In an April Wall Street Journal article, I noted that 86% of seniors in a Federal Reserve survey described their financial situation as either “doing okay” or “living comfortably.” Just 3% said they were “finding…

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Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.Berkshire Hathaway became the first non-technology company to top a $1 trillion market capitalization this week. Berkshire Class A shares also topped $700,000 apiece for the first time ever.Howard Marks, a…

Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years.The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up…

The Federal Reserve’s go-to inflation gauge held at 2.5% in July, Commerce Department data showed Friday. That’s better than anticipated and shows progress — but still underscores the bumpy process for inflation’s descent. Friday’s report also reaffirmed that the backbone of the US economy — the consumer — is still…

China’s economic landscape is undergoing a profound transformation, marked by significant shifts in its growth engines. The evolving composition of China’s economic drivers is likely to have long-term implications for global economies and asset markets, necessitating a re-evaluation of which sectors and asset classes stand to gain or lose from…