Newsletter May 27, 2024

Billionaire Ray Dalio's Bridgewater Associates Offloads Cisco, HP, and More to Double Stake in Nvidia, Boost 'Magnificent Seven' Holdings

Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.

Oreo, Chips Ahoy, Toblerone Maker Fined £288M By EU For Shrewd, Anticompetitive Practices

EU fined Mondelez €337.5 million for limiting chocolate sales across borders, potentially raising prices for consumers struggling with inflation.

China Fines Businesses For Refusing Cash Payments In A Bid To Be More Tourist-Friendly

China's booming cashless payments are a boon for some but a hurdle for tourists. The country is scrambling to bridge the gap as tourism recovers.

Cracker Barrel CEO Tanks Company Stock By 20%; Says 'We're Just Not As Relevant'

Cracker Barrel's stock fell after the CEO said the restaurant chain is no longer relevant due to declining popularity and older clientele.

1 in 5 Americans Over 65 Return To Work After Savings Dwindle; How Much Do You Actually Need To Retire?

Most Americans fall short of retirement savings goals. Gen Z starts saving earliest (age 22), hoping to bridge the gap.

'Yeezy' Tesla Cybertruck, Robotaxi Makes Video Appearance; Here's What You Should Know

Tesla's new video hints at a robotaxi with premium touches, but was it overshadowed by rumours of a wild Kanye-designed Cybertruck?

Is Driving Uber, Lyft and DoorDash Worth It: Many Earn Lower Than Minimum In 5 Major US Metros

Gig drivers across America are not being paid their local minimum wage as their status as a contractor does not entitle them to employer benefits.