Author: arthursheikin@gmail.com

[ad_1] Facebook Tweet Email Link New York  —  Like most sequels, “Meme Stock Mania Part II” can’t quite replicate the magic of the original. But for a couple of days, it looked like we were on the brink of a repeat of that early-2021 fervor, when an army of regular-Joe day-traders banded together online to get rich quick while waging financial war on the supposedly more sophisticated suits on Wall Street. ICYMI: Kohl’s this week became a day-trader favorite, with shares (KSS) more than doubling at one point Tuesday before ending the day up 27%, its second-best trading day ever.…

[ad_1] 2025-07-23T18:11:15Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Sam Altman said that some young people “rely on ChatGPT too much.” At a Federal Reserve banking event this week, Altman said that young people felt AI knew them and their friends well. “Something about collectively deciding we’re going to live our lives the way AI tells us…

[ad_1] Morgan Stanley expects a handful of stocks that are reporting quarterly results soon to see big gains. Second-quarter earnings season has so far impressed Wall Street, even as investors keep an eye on commentary about tariff-related uncertainty and artificial intelligence spending and demand. Of the 88 S & P 500 companies that have reported results, more than 82% have beaten analysts’ estimates, according to FactSet data. Analyst Michelle Weaver wrote in a Tuesday note to clients that Morgan Stanley expects a “normal” rate of companies outpacing earnings estimates this season. “Given the downward EPS revisions we saw in April…

[ad_1] It’s a tough time to be a homebuyer in the US, and, unfortunately, it got tougher in June. The National Association of Realtors said on Wednesday that existing-home prices jumped last month, with the median price reaching $435,300.While only a 2% increase from June 2024, it’s the highest home prices have ever been. As prices trend up, sales of existing homes have been moving in the opposite direction. NAR data shows that sales fell 2.7% in June. While month-over-month sales rose slightly in the West, they declined in the Northeast, Midwest, and South regions.NAR Chief Economist Lawrence Yun attributed…

[ad_1] In March 2021, my partner, greyhound, and I started living aboard a 42-foot sailboat.In the years leading up to moving aboard, I daydreamed about our nomadic lifestyle — but after a year of sacrificing hygiene, stability, and family time, the wanderlust had worn off.Simple day-to-day activities, like showering and grocery shopping, became complicated endeavors. We spent a lot of time and energy simply maintaining our basic needs.By August 2022, we’d moved back on land and into an apartment.Our decision was ultimately the result of these challenges, which wore on me physically and emotionally.Limited water led to limited showersAlthough I…

[ad_1] Facebook Tweet Email Link Starbucks’ coffee isn’t the only thing at the company that’s amped up. Its CEO, Brian Niccol, made a whopping 6,666 times more than the company’s typical employee last year, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. It was the widest pay gap by far between the top executive and median worker among the nation’s 500 largest public companies listed in the report. Niccol, who took over the company’s helm last September, received nearly $98 million in compensation, compared to the typical Starbucks worker’s pay of less than $15,000, according to the report,…

[ad_1] The VanEck Oil Services ETF (OIH) may not be making headlines lately — especially with large-cap growth and meme stocks dominating both the news cycle and performance rankings — but it has been showing signs of life, which we should keep on our radar going forward. First, it’s clear that the ETF has been trending higher since the April lows, though the advance has been jagged so far. OIH has been making higher lows, but each rally attempt has eventually been sold into. That being said, both of the recent pullbacks have respected the rising 50-day moving average, which now has begun…

[ad_1] The Trump administration published its much-anticipated AI Action Plan on Wednesday, a document that takes a sharp shift away from former President Biden’s cautious approach to addressing the risks of AI, and instead barrels ahead with plans to build out AI infrastructure, cut red tape for tech companies, shore up national security, and compete with China.  The downstream effects of this shift will likely ripple throughout various industries and may even be felt by the average American consumer. For instance, the AI Action Plan downplays efforts to mitigate possible harms of AI and instead prioritizes building out data centers to…

[ad_1] Alix Karlan is taking advantage of the renewed appetite for old-school stock pickers.The former technology sector head for Tom Purcell’s $3 billion hedge fund Alua Capital is planning to launch Otter Rock in the fourth quarter of this year, a person close to the firm told Business Insider. The fund’s commingled vehicle is expected to raise $300 million before launch, and there’s a chance the firm might take on additional capital via a separately managed account, the person said.Karlan declined to comment.The new fund will invest in stocks across different sectors, with a focus on companies undergoing technological disruption,…

[ad_1] Almost five years ago, my husband and I made a decision: It was time to move out of our city rental and into a house somewhere else.It was a choice no one expected from me, a lifelong city girl. After spending a long stint in New York and then a few years in Boston with my spouse, though, I found myself growing tired of the hustle-and-grind lifestyle.We started our search in the Boston suburbs, but there were two major issues. First, we couldn’t find a home we loved within our budget. Second, as a child-free couple, we quickly realized…