Economy

William O'Dowd IV, CEO of Dolphin Entertainment Inc. (NASDAQ:DLPN), increased his personal investment in the company by acquiring an additional 13,000 shares of common stock. The shares were purchased at an average price of $1.09 each, bringing the total value of the transaction to approximately $14,170. This move highlights O'Dowd's confidence in the company's future and its recent performance metrics, including an impressive 94% gross profit margin and a 22% revenue growth rate over the past year. The purchase, completed on December 17, 2024, increases O'Dowd's direct ownership in Dolphin Entertainment to 147,493 shares. In addition to this, O'Dowd also…

Federal Reserve Chair Jerome Powell and the Federal Open Market Committee (FOMC) will announce their latest monetary policy decision on Wednesday, and market participants are preparing for a surprising move. Despite inflation remaining above the Fed's 2% target, robust economic growth of around 3% and a strong labor market, the central bank is expected to lower its benchmark interest rate by 25 points basis, bringing the target range to 4.25%-4.5. %. This potential cut comes as a surprise to many, as conventional wisdom would suggest that the Fed might maintain or even raise rates under such economic conditions. Futures market…

Every operation involving the distribution of supplies from a company to its clients demands attention, diligence, and efficiency. However, in the context of medication delivery, the matter becomes more sensitive as the emphasis is on patient well-being. Therefore, a viable approach in these situations could be the integration of technological applications within the drug supply chain.A highly recommended option today is utilizing intelligent software tailored for advanced logistics, particularly since healthcare organizations aim to enhance the precision, speed, and traceability of their shipments. Furthermore, among the numerous companies offering this technology in Florida, Delego is notable for its capabilities in…

Any process that involves the delivery of supplies by a company to customers requires attention, care and efficiency, but when it comes to medication delivery, the issue becomes more delicate, since the focus is on patient care. Consequently, a practical solution for these cases may be to implement technological applications in the drug supply chain.A highly recommended option today is utilizing intelligent software tailored for advanced logistics, particularly since healthcare organizations aim to enhance the precision, speed, and traceability of their shipments. Furthermore, among the numerous companies offering this technology in Texas, Delego is notable for its capabilities in the…

Hershey shares surged as much as 15% in Monday trading following a Bloomberg report suggesting Mondelez may attempt another takeover of the iconic chocolate company. This marks a notable development in ongoing speculation about Hershey's future as an independent entity, with its shares now on track for their best day since mid-2016. Prior to this rally, Hershey's stock had faced a turbulent year, with its value falling about 6% on concerns over rising cocoa prices and the growing use of GLP-1 drugs, which according to some analysts they could suppress the demand for confectionery products. With Monday's boost, Hershey's shares…

A wave of optimism about personal finances has spread among Americans following Donald Trump's victory in November's presidential election, according to a survey released Monday by the Federal Reserve Bank of New York. The data reveals a significant increase in confidence, with families feeling more positive about their financial future than in recent years. The survey, which involved around 1,300 heads of families, revealed that 37.6% of those interviewed expect their financial situation to improve within the next year. This represents an increase of nearly 8 percentage points compared to October and marks the highest level of financial optimism recorded…

Jerome Powell, chair of the Federal Reserve, faces a crucial moment as the central bank prepares for its next policy meeting. The latest jobs report all but solidified expectations of an interest rate cut later this month, with market indicators assigning a nearly 90% chance to such a move. However, whether the Fed should proceed with the cut and how it will manage monetary policy afterward remain open questions, sparking heated debate among economists and politicians. November's jobs data presented a balanced picture, neither overly strong nor overly weak, giving the Fed the flexibility to justify a rate cut. Nonfarm…

China's recent push to spur economic growth has shown modest progress, but the broader impact remains limited. Earnings and corporate data suggest that a solid recovery in the world's second-largest economy may still be a long way off. Since September, Beijing has introduced a series of stimulus measures aimed at boosting key sectors such as real estate and manufacturing. While there have been signs of improvement, many companies have maintained a cautious outlook. This sentiment was evident during Meituan's earnings call last week, when executives noted only a slight improvement in their hotel booking business. “We are confident that these…

JetBlue Airways is making significant changes to its flight operations as part of a strategy to streamline costs and increase profitability. The airline told staff on Wednesday that it will cut several unprofitable routes, redeploy planes equipped with its premium Mint business class and streamline its services in Europe. One of the most notable changes is the decision to stop using Mint-class planes on routes to Seattle starting in April. Additionally, the airline will cease flights from Fort Lauderdale to Jacksonville, from New York's John F. Kennedy International Airport (JFK) to cities such as Austin, Houston, Miami and Milwaukee, as…

Paul Atkins, CEO of Patomak Global Partners and an expert figure in financial regulation, has been chosen by President-elect Donald Trump to lead the Securities and Exchange Commission (SEC). The announcement, made via a post on Truth Social, signals a significant shift in regulatory priorities, particularly towards a more cryptocurrency-friendly environment. If confirmed, Atkins will succeed Gary Gensler, whose tenure has been marked by aggressive actions in the cryptocurrency market. Gensler's policies have drawn harsh criticism from the digital assets industry, with many stakeholders accusing him of stifling innovation. Trump's appointment of Atkins reflects the administration's commitment to easing restrictions…