Today's Top 5 Overvalued Stocks

By taking advantage of timing, you can position yourself for a massive windfall or avoid potential losses. Today we look at the top 5 overvalued stocks that analysts expect to drop in price.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

TRISHA AHMED
May 07, 2024

MINNEAPOLIS (AP) -- People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

The law, prompted by the frustration a legislator felt at not being able to buy tickets to Swift's 2023 concert in Minneapolis, will require ticket sellers to disclose all fees up front and prohibit resellers from selling more than one copy of a ticket, among other measures. The law will apply to tickets purchased in Minnesota or other states for concerts or other live events held in Minnesota.

Walz signed House File 1989 -- a reference to Swift's birth year and an album with that title -- at First Avenue, a popular concert venue in downtown Minneapolis.

"Never in my wildest dreams did I imagine that we would be at a bill signing for House File 1989 at First Avenue," Democratic Rep. Kelly Moller, chief author of the bill, said.

Moller was among thousands of people who became stuck in ticket sales company Ticketmaster's system after it crashed in 2022 amid the huge demand for Swift concert tickets and attacks from bots, which tried to buy tickets for resale at inflated prices. The situation led to congressional hearings but no federal legislation.

Supporters of Minnesota's new law say the state joins Maryland as among the few states to pass protections for ticket buyers into law.

Ticketmaster did not immediately respond to a request for comment on the new Minnesota law. Taylor Swift's media team also did not respond.

Jessica Roey, a spokesperson for StubHub, said in an email, "StubHub has long advocated for legislation that protects fans from anti-competitive and anti-consumer practices in the ticket buying process. We share the goals of HF1989 and look forward to continuing discussions with policymakers to advance policies that provide more transparency, more control, and more choice for ticket buyers."

Walz, a Democrat, said the new law is "protection so you don't get a bad ticket, a fraudulent ticket, and resellers can't snatch them all up before you get an opportunity."

Two young girls -- one wearing a shirt that said "A LOT going on at the moment" in a nod to Swift, and another wearing a shirt that said "Iowa 22" in reference to basketball star Caitlin Clark -- attended the bill signing with their dad, Mike Dean, who testified in support of the bill this year.

Dean said his daughter "came to me in December and said, 'Dad, I want to go to see Caitlin Clark.' As a father, I just couldn't resist. And so I went online to go buy tickets."

The tickets were supposed to cost $300 total, Dean said, but they ended up costing over $500 because of hidden fees. The timer had begun in the online checkout process, so he had just minutes to decide whether to buy the tickets or lose them.

He ultimately bought the tickets. But Dean said these practices mean customers can't make informed decisions. The new law, he said, will bring transparency to the process.

The law takes effect Jan. 1, 2025, and applies to tickets sold on or after that date.

Adrianna Korich, director of ticketing at First Avenue, said she supports the new rules, saying fans are sometimes tricked into paying up to 10 times a ticket's face value because of deceptive websites and resellers who list tickets without actually possessing them. The new law bans both, she said.

"We have all heard the horror stories from the Taylor Swift Eras tour and have seen the astronomical prices that are being charged at checkout," Korich said.

___

Trisha Ahmed is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on under-covered issues. Follow her on X, formerly Twitter: @TrishaAhmed15

Continue Reading...

Popular

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Warren Buffett's Favorite Stock, Occidental Petroleum Reports Mixed Q1 Results

Occidental Petroleum (NYSE:OXY) reported mixed Q1 results with earnings beating estimates and sales missing. Operational excellence drove cash flow and production met guidance.

Why Gold Is Headed Above $3,000 - Ad

Many experts believe gold is headed to $3,000/oz. or even higher. As this rally picks up... most investors will likely run out and buy an ETF, a gold mining stock, or even bullion. But there's actually a much better way to profit from the emerging gold boom (with just $5.)

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

Federal appeals court upholds ruling that Zion Williamson's 2019 contract with an agent was void

RICHMOND, Va. (AP) — A federal appeals court has that NBA star Zion Williamson's contract with a marketing agent was void because the agent was not licensed in North Carolina when the two entered an agreement in 2019.

How to Profit From the New Boom in Gold - Ad

Gold just passed $2,000/oz and is set for a new bull run in 2024. Now a renowned precious metals expert is sharing his No. 1 way to play it for just $5.

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Elon Musk Isn't Sure Apple's Showed Its Entire $30B R&D Prowess With New iPads: 'Maybe They Have Some Secret Products…'

Elon Musk questioned the return on Apple's $30 billion R&D investment in light of the minor changes in the new iPad models, suggesting that the company might be developing "secret products."

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Bob Iger Says This Streaming Platform Is The Gold Standard, Praises Rival For Cracking Down On Password Sharing: 'We're Heartened By The Results That Netflix Has Delivered'

Disney CEO Bob Iger announced a global crackdown on password sharing for streaming services, inspired by Netflix's success with a similar policy, aiming to boost growth and emulate the "gold standard" set by Netflix in streaming.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Shell Exits Chinese Power Market, Eyes Gas Growth: Report

Shell reportedly exits China's power markets, focusing on bolstering profitability in natural gas and oil sectors. The move reflects a commitment to invest selectively in profitable ventures within the power sector, aligning with CEO Wael Sawan's vision.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Newly Listed Migraine-Focused AEON Biopharma Stock Plunges On Friday - Read Here Why

Preliminary results of AEON Biopharma's Phase 2 trial for chronic migraine treatment reveal no significant improvement over placebo. Despite anticipated reductions in monthly migraine days, statistical significance was not reached, prompting a review of development strategies and financial measures.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers

LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Marjorie Taylor Greene Accused Of Racist Behavior By Jasmine Crockett Over 'Fake Eyelashes' Comment

Crockett accuses Greene of racism over fake eyelashes taunt during a hearing. Crockett says Greene has not attacked other colleagues' appearances.

Nvidia, MicroStrategy, Cisco, Chubb, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices surged on Wednesday, with the Dow Jones Industrial Average climbing 0.9% to 39,908, the S&P 500 increasing almost 1.2% to 5,308.15, and the Nasdaq rising 1.4% to 16,742.39. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What's Driving Markets Friday?

A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Comstock And 2 Other Stocks Under $3 Insiders Are Buying

Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

In unusual push, funders band together to get out grants around election work 'early'

A small portion of the billions spent around the November election will go to nonprofits working to around the country. And usually, those funds flood into counties and cities right before .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service