Stocks started the day modestly higher after several big banks, including JPMorgan Chase (JPM (opens in new tab)) and Citigroup (C (opens in new tab)), kicked off first-quarter earnings season on a high note. However, the major indexes quickly turned lower after one Fed official suggested the central bank has more work to do to… Continue reading Stock Market Today: Big Bank Earnings Fail to Lift Stocks
3 Takeaways from Benzinga Cannabis Capital Conference: This Week in Cannabis Investing
The cannabis industry was in focus this week, with the Poseidon team traveling to Miami to attend the Benzinga Cannabis Capital Conference. The event was exceptionally executed, and we’ve noticed that attendance continues to increase each year. We were on-site and used the opportunity to meet with public and private companies across the landscape. From… Continue reading 3 Takeaways from Benzinga Cannabis Capital Conference: This Week in Cannabis Investing
The Kiplinger 25: Our Favorite No-Load Mutual Funds
The Kiplinger 25 is a list of our favorite no-load mutual funds. We favor funds run by seasoned managers who take a long view and have proved themselves able to weather many a storm. And we prefer low to below-average fees. In the tables below, you can see for each of the 25 funds, expense… Continue reading The Kiplinger 25: Our Favorite No-Load Mutual Funds
US stocks fall as investors weigh strong bank earnings against weak retail sales data
Matthew Fox Lucas Jackson/Reuters US stocks moved lower on Friday as investors weighed solid bank earnings against weak retail sales data.JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings that indicated a resilient economy.But retail sales dropped 1% in March as consumers scaled back big-ticket purchases. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks fall as investors weigh strong bank earnings against weak retail sales data
Markets are growing nervous over the prospect of a US default as debt ceiling deadline looms
Investors are getting nervous that the US could default on its debt. Demand for debt insurance has skyrocketed, while demand for US Treasury bills has fallen off, the FT reported. The US could fail to meet its obligations as soon as July this year, the Congressional Budget Office warned. Loading Something is loading. Thanks for… Continue reading Markets are growing nervous over the prospect of a US default as debt ceiling deadline looms
Retail investors are sitting on big losses in their stock portfolios even as the market rallies in 2023
The average retail investor portfolio is down 27% year-to-date, per VandaTrack. US stocks have been surprisingly resilient in 2023 despite looming recession fears and bank chaos. “Growing recession risks could become a stronger headwind holding retail animal spirits at bay.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Retail investors are sitting on big losses in their stock portfolios even as the market rallies in 2023
Demolish office buildings because demand isn’t coming back, hedge fund manager says
Office buildings should be torn down as demand isn’t going to bounce back, Kyle Bass said. Converting office space to apartments isn’t practical either, he told Bloomberg. “It’s one asset class that just has to get redone, and redone meaning demolished,” Bass said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Demolish office buildings because demand isn’t coming back, hedge fund manager says
China and India are buying so much Russian oil that Moscow’s now selling more crude than it was before invading Ukraine
Russia’s exports of crude oil have now surpassed the volumes hit before its invasion of Ukraine. China and India account for roughly 90% of Russia’s seaborne crude exports, Kpler data shows. With Europe largely out of the picture, the two countries are each buying 1.5 million barrels a day from Russia. Loading Something is loading.… Continue reading China and India are buying so much Russian oil that Moscow’s now selling more crude than it was before invading Ukraine
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