US stocks fell as the Dow Jones Industrial Average snapped its 13-day streak on Thursday. Treasury yields shot up after second-quarter GDP growth beat expectations. The 10-year yield popped back above 4% as Wall Street sees the Fed keeping rates high. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Dow snaps historic win streak as US stocks fall amid more earnings results
Putin promises free grain to African allies after sending prices soaring with attacks on key Ukraine export facilities
Russia is sending free grain to its allies in Africa. Putin vowed to ship grain to Burkina Faso, Central African Republic, Eritrea, Mali, Somalia, and Zimbabwe this week. That comes shortly after Russia attacked a key Ukrainian port, which sent wheat prices soaring. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Putin promises free grain to African allies after sending prices soaring with attacks on key Ukraine export facilities
The classic 60/40 portfolio isn’t dead. Here’s why it’s gearing up for a decade of strong returns.
The 60/40 portfolio took a beating last year, but it’s poised for a decade of strong returns, Vanguard says. Current valuations suggest the outlook has improved, even for the portfolio’s worst-case risk scenario. Strategists broke down the biggest misconceptions about the 60/40 portfolio mix. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The classic 60/40 portfolio isn’t dead. Here’s why it’s gearing up for a decade of strong returns.
The ‘AI gold rush’ makes today’s stock market look more like the early days of the internet boom than the peak of the dot-com bubble
The “AI gold rush” is just getting started for the stock market, according to Wedbush analyst Dan Ives.Today’s stock market looks more like it did in 1995 than it did in 1999 when the dot-com bubble was popping, he said.”The AI revolution [is] just starting to kick in,” Ives said. Loading Something is loading. Thanks… Continue reading The ‘AI gold rush’ makes today’s stock market look more like the early days of the internet boom than the peak of the dot-com bubble
A top real estate economist just declared that the housing recession is over
National Association of Realtors economist Lawrence Yun says the housing recession is over. NAR data released Thursday showed pending home sales rose 0.3% in June compared to May. “The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply.” Loading Something is loading. Thanks for signing up! Access… Continue reading A top real estate economist just declared that the housing recession is over
Stock Market Today: Dow Nabs Longest Win Streak Since 1987 After Fed Meeting
Stocks closed mixed Wednesday as investors weighed a fresh batch of earnings reports and a mid-afternoon Fed announcement. Negative reactions to earnings from mega-cap blue chip stock Microsoft (MSFT) and chipmaker Texas Instruments (TXN) created headwinds for most of the session. And while stocks failed to lift off after the Federal Reserve hiked interest rates… Continue reading Stock Market Today: Dow Nabs Longest Win Streak Since 1987 After Fed Meeting
Fed Hikes Interest Rates By Quarter Point After June Pause
The Federal Reserve raised interest rates by 25 basis points, or 0.25%, on Wednesday as expected, bringing the benchmark borrowing rate to its highest level since 2021. The increase, the Fed’s 11th rate hike since March 2022, brings the short-term federal funds rate to a target range of 5.25% to 5.5%. After 10 consecutive rate… Continue reading Fed Hikes Interest Rates By Quarter Point After June Pause
What Is a Stock Buyback?
Stock buybacks have been rising in recent years as a means for public companies to give money back to investors. Large U.S. companies have spent over $3.9 trillion in the last five years on stock repurchases, according to S&P 500 Dow Jones Indices. But what are stock buybacks exactly, and why don’t companies just pay… Continue reading What Is a Stock Buyback?
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