B2m Productions | Digitalvision | Getty ImagesThe U.S. far outpaced the rest of the world in minting millionaires last year, adding 500,000 new millionaires and powering record fortunes at the top, according to a new study.America's millionaire population grew 7.3% in 2023 to 7.43 million people, according to a report...
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‘Inside Out 2’ tops $1 billion at the global box office, first film to do so since ‘Barbie’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney and Pixar's "Inside Out 2" is the newest member of the billion-dollar club.The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the...
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter...
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
A Levi's store at the Orlando Vineland Premium Outlets in Florida.Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim."Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic.Western wear is booming...
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...