Five For Friday

Five For Friday

Move over Bezos and Zuckerberg, these 5 billionaires are moving up the ranks

The world’s billionaires added a significant amount of money to their stockpiles during the COVID-19 pandemic. In fact, the 10 wealthiest people in the world doubled their net worth in the first two years. Now, billionaires are seeing their fortunes take a hit. Facebook founder Mark Zuckerberg has lost more than half his net worth […]

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Disney, Twitter among top companies fighting activist investors

When activist investors take a major stake in a company, the intent is to shake things up. Usually through specialized hedge funds, they flex their shareholder position to advocate for everything from firing CEOs to changing the focus of the business. Here are companies in the throes of activist investors in this week’s Five for […]

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Five sectors facing layoffs amid economic uncertainty and high inflation

Concerns about the state of the economy come with worries about job security. In fact, half of companies are expecting to cut staff according to a PwC survey of more than 700 executives. The same survey found many executives are also planning hiring freezes and even rescinding job offers. But many companies have already trimmed […]

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Move over tuition: 5 surprising ways universities make money

The conversation over the cancellation of student debt is shining a light on how much colleges charge for tuition. The cost to attend college has risen 169% from 1980 to 2019, while pay for young workers is up just 19% over the same time period, according to a Georgetown University report. But tuition, grants and […]

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Battle of the retail giants: 5 ways Walmart is competing with Amazon

Amazon is the undisputed champion of e-commerce but the king of brick-and-mortar sales is taking huge steps to challenge that dominance. We have the ways Walmart is competing to replace Amazon in this week’s Five for Friday. #5: Exclusive memberships Nothing sets the e-commerce giant apart from the competition more than Amazon Prime. Walmart is […]

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After four Fed rate hikes, we have ways to benefit from rising interest rates

The Federal Reserve raised interest rates four times in 2022, with experts anticipating more on the way. The benchmark lending rate is now 2.25-2.5% after starting the year near zero. Following years of easy money, Americans will have a tough road ahead as the nation teeters on the edge of a recession. There is a […]

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Netflix makes games? Five gaming investments that have yet to pay off

The video game industry experienced a massive boom during the COVID-19 pandemic, but then Americans spent 13% less on gaming in the second quarter of this year from the same period a year ago and more time outside. Consumer spending has also been taking a hit amid worries about the state of the economy. Still, […]

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Stephen King testifies and Google could get sued in biggest antitrust news

The country’s most powerful companies will make many efforts to dominate their industries, but for the sake of competition, some tactics are off limits. When major firms push too hard, they often end up in court. We have some of the biggest stories in antitrust in this week’s Five For Friday. #5: Simon & Schuster […]

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5 recession-proof industries that can weather an economic downturn

There’s a lot of talk about a recession out there considering the economy just notched its second consecutive quarter of contraction. The nation’s largest retailer Walmart is already sounding the alarm that its profit outlook for this year isn’t looking great. But some companies actually thrive during a downturn, so here are some recession-proof sectors […]

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5 reasons weddings are more expensive than ever this year

Wedding season is in full swing and this year especially, there’s a good chance you’ve received at least one save-the-date in the mail. Whether you are involved in the planning or simply attending a loved one’s nuptials, it’s going to cost you more than previous years. Weddings are a $58 billion per year industry, and […]

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Elon Musk might pay Twitter $1 billion breakup fee. Here’s the most expensive.

Twitter has filed a lawsuit against Elon Musk in an effort to force the world’s richest man to honor his agreement to purchase the social media site. Musk is attempting to terminate the $44 billion deal last week amid concerns about bots and spam accounts on the site. If Twitter doesn’t win its argument, there […]

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Inflation, oil, stocks lead 5 signs of imminent recession

We’re hearing more and more that the U.S. is on the verge of a recession, which is traditionally seen as two consecutive quarters of economic contraction, or a decline in gross domestic product. Officially, the National Bureau of Economic Research, which makes the final call, says it is “a significant decline in economic activity that […]

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Fireworks, airlines and oil companies to profit most over Fourth of July

Rampant inflation has Americans spending more than ever before over the 4th of July holiday and that means big money for corporations. Here’s who’s making the most profit off the festivities in this week’s Five for Friday. #5: Airlines Getting away is what summer is all about and that’s why airlines stand to make some […]

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Trump Media, Buzzfeed, Beachbody top list of biggest SPAC busts

Using special purpose acquisition companies (SPACs) to take firms public was all the rage on Wall Street in 2020 and 2021. The stock market was booming and SPAC mergers represented a fast-tracked way to circumvent the traditional IPO process. By early 2021, critics started warning that the SPAC bubble was about to burst. Instead, the […]

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From golf to MLB, how these 5 pro sports act as monopolies

When we think about monopolies, Big Tech comes to mind. Or maybe that board game that has started many family conflicts. But it’s competitive sports leagues that seem to be guilty of the most anti-competitive business practices. The recent suspension of a group of PGA golfers is just the tip of the iceberg. Here are […]

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Popcorn, pilot and lifeguard shortages weigh on summer fun

It’s summertime, which means it’s time to put on those shades, get outside and crank up the boombox (that’s an old-school device for playing music) for fun in the sun. But beware, supply chain issues and a lack of workers could rain on that parade. Here are some of the biggest shortages this summer in […]

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Shakira, Justin Timberlake among biggest artists to sell catalogs

The COVID-19 pandemic gave rise to a number of trends across the entertainment industry. We saw live performances from home, big budget Hollywood blockbusters hitting streaming services at the same time as theaters, and it seems like everyone has a podcast. But one that may have the biggest lasting effect: Prolific musicians selling the rights […]

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Vegas, Austin, Boise top most overvalued housing markets

The housing market has been red hot over the last two years and prices are at all-time highs. With mortgage rates climbing, sales are starting to plunge and the housing bubble alarm is going off. Here are the most overvalued housing markets in this week’s Five For Friday. #5: Atlanta Homes in Atlanta are fetching a […]

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India tops cheapest, best summer adventure destinations

Here’s the good news: summer’s right around the corner and COVID-19 restrictions are practically a thing of the past. The bad news: now it’s inflation putting a damper on those travel plans. Never fear: we’ve got ways to beat it with the best and cheapest summer adventures in this week’s Five For Friday. #5: Vietnam […]

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Gas, care among 5 return-to-office costs rising amid record inflation

President Joe Biden told Americans during his March 2022 State of the Union address, “It’s time for Americans to get back to work to fill our great downtowns again with people.” Easy for him to say — he works from home. For the rest of Americans returning to office life, there’s a bit of sticker […]

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From TikTok to gas hacks: 5 money saving tips to fight inflation

Inflation is on a tear, markets are volatile and consumer dollars aren’t going as far as they once did. It sounds like a perfect time for some valuable penny-pinching tips in this week’s Five For Friday. #1: Cash stuffing Popular video-sharing app TikTok has turned the old-school “cash envelope system” on its head. “Cash stuffing” […]

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Should Twitter follow Tesla, Oracle in corporate charge to Texas?

The ink isn’t even dry on Elon Musk’s deal with Twitter, but Texas Gov. Greg Abbott (R) is already asking the billionaire to relocate the social media company from San Francisco. In fact, ditching The Golden State for The Lone Star State is looking like a trend. Check out the biggest companies that have already […]

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Are NFTs already over? 5 reasons the market is cooling

It’s been just a few months since the record-setting non-fungible token sale at nearly $100 million. But here are five signs the NFT hype is already crashing in this week’s Five For Friday. #5: NFT searches are down According to Google Trends, searches have more than halved since the peak in January. And to think, there was […]

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Renters are flocking to these 5 cities as housing costs skyrocket

Millennials moved all over the country during the pandemic, leading to massive home price increases in places you wouldn’t normally expect. Now the frenzy is spilling into the rental market with record-low inventories and no signs of give. With renters leaving big cities for greener pastures, here are the most popular destinations in this week’s […]

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5 things harder than getting into Harvard

Universities are reporting record-low acceptance rates across the board this spring, and Ivy League schools are no exception. At the top of the heap, Harvard just announced it accepted 3.19% of its applicants for the class of 2026, a record low for the Crimson Ivy amid record-high applicants. But in the real world, lots of […]

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5 mind-blowing money figures behind March Madness

The biggest three weeks in sports are coming to a climax this weekend. As big as the Final Four is for fans, March Madness is also big for business. From the NCAA to the schools to advertisers and gamblers, the money behind this tournament will surprise even the biggest ballers. You may never look at […]

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From private jets to super yachts: The hunt for 5 Russian oligarch ‘toys’

There’s a saying making the rounds these days in Russian oligarch sanction news: “Freezing is easy, seizing is hard.” The U.S., E.U. and U.K. have all levied sanctions against some of Russian President Vladimir Putin’s closest and richest allies over the Ukraine invasion. “We’re joining with our European allies to find and seize their yachts, […]

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Chipotle, toilet paper makers bringing ‘shrinkflation’ to shoppers

The days of bigger candy bars and mega toilet paper rolls are gone. With record inflation comes “shrinkflation,” the term used when companies give you less product for the same price. Instead of more obviously passing on higher prices to customers in the sticker price, companies sneakily trim product quantities, hoping consumers won’t notice. But […]

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5 Ukraine-based tech companies in the fight against Russia

With Ukraine under Russian attack, people from all backgrounds are being called to take up arms. An unexpected army in the fight is the country’s many tech workers, battling on the front lines and with keyboards. Here are five prominent technology firms that originated from Ukraine in this week’s Five For Friday.   #5: MacPaw  Mac […]

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5 ways Russia is getting canceled, from Harley to Hollywood

Russia’s economy is already buckling under crippling Western sanctions over its invasion of Ukraine. On top of those losses, the country is facing cancel culture, with a staggering number of businesses and industries waging their own economic war. Here are five of them in this week’s Five For Friday. #5: Harley-Davidson Harley-Davidson is suspending business […]

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5 job openings to build the metaverse, from Nike, Roblox, Microsoft

These days, we’re hearing more and more about the metaverse: a magical virtual world where people use avatars to interact in real time. But amid many questions about what it will look like, a large question looms: Who’s going to build it? Here are the top job listings in the metaverse in this week’s Five […]

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Hertz, Guitar Center among companies overcoming pandemic bankruptcies

Many businesses are exhaling now that much of the country is opening back up. This week, Moderna’s CEO said it’s reasonable to think the COVID-19 pandemic is in its end stages, and states around the country are dropping mandates and easing restrictions. Still, a surprising number of companies didn’t make it through the pandemic in […]

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5 Super Bowl ads for the record books

The Big Game is also the biggest game of the year for advertisers. NBC has sold every one of its spots for Sunday’s Super Bowl, with some 30-second spots costing as much as $7 million. We’ll be sure to have plenty of ads to talk about come Monday morning, but let’s take a look at […]

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