Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Shares of Apple and Tesla rose sharply on Monday, the first day after their recently announced stock splits took effect, as investors continued to
Month: August 2020
Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
Exclusivity clauses, even in a nonbinding term sheet, can blow up in your face if you’re not … [+] careful. RANJAN SAMARAKONE Early in any substantial real estate transaction, the parties will typically create a term sheet (or letter of intent) to describe the basic business terms of their possible transaction. They’ll put down on
In a major policy pivot, the Federal Reserve said it will allow inflation to run “hotter than normal” to help the economy bounce back from the coronavirus crisis. That means the Fed will be less inclined to hike interest rates, letting borrowers benefit from cheap money for an extended period of time. “This kind of
Federal Reserve Vice Chair Richard Clarida left open the possibility of employing Treasury yield caps at some point in the future, though he indicated it’s not likely now and reiterated the central bank’s rejection of negative interest rates. “Yield caps and targets were not warranted in the current environment but should remain an option that
A long-time reader and subscriber asked me for my thoughts on the Aberdeen Total Dynamic Dividend Fund (AOD), an unleveraged global equities CEF. AOD follows an aggressive proprietary investment strategy, but an ultimately unsuccessful one, due to its focus on some of the worst-performing markets, industries, and stocks, to the exclusion of the best and
DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
What’s the future of art? Superfine The pandemic has impacted every single industry, but especially the art world. Traditional art investors have not only pulled back due to financial uncertainty but also because galleries have been closed and events such as art fairs have been canceled. At the same time, the overall societal connection to
valentinrussanov | E+ | Getty Images If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular, it gave borrowers with federally
Experts asked many questions about the Federal Reserve’s new framework, which averages inflation and will not change monetary policy based on expected inflation, especially why they haven’t been able to hit the benchmark consistently since its January 2012 introduction. “Since the Fed established 2% as its inflation target in January 2012, inflation has been nearly
Main Thesis The purpose of this article is to evaluate the iShares National Muni Bond ETF (NYSEARCA:MUB) as an investment option at its current market price. Munis continue to push higher through 2020, and MUB has registered a modest gain since my last review. With bullish momentum, it would be easy to expect further gains
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters September is historically challenging for the market, but stocks could start the month on an upswing after what
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
Anna Vela had three days to pay her rent or her landlord would evict her and her three children. She didn’t have the money. When the pandemic hit, Vela’s boss at the supermarket where she worked in Davenport, Iowa, had cut her weekly hours to around 11 from 35. And when she learned that she’d
Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points,
As you can see in the following chart, the Invesco DB Energy ETF (DBE) has continued trading higher on the back of strength in the energy commodities. It is my belief that this trend of recovery in DBE is going to continue. I believe that DBE is supported from both an instrument methodology perspective as
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
The new FICO Resilience Score is based on a scale of 1-99 getty There’s a new risk measurement entering the world of credit lending and this one isn’t based on your past payment history. Called the FICO® Resilience Index (FRI), this score aims to predict which consumers are more likely to default on payments during
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher. As of August 25, 3.9 million
The Federal Reserve has already given enough guidance about the likely path of interest rates at this juncture and doesn’t need to offer more, Dallas Fed President Robert Kaplan said. “I would prefer to wait,” Kaplan said Friday during a Bloomberg Television interview. “I would prefer to get more clarity on the path of the
Source: Goodfone Instrument The Teucrium Wheat Fund (WEAT) provides investors unleveraged direct exposure to wheat without the need for a futures account. Therefore, the decision to invest in this fund should be made after analyzing the wheat market. Seasonality The current wheat futures price is above its five-year high. Given that the seasonality now suggests
CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic. “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.” The Fed earlier Thursday said it would be willing to
Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020. VALERIE MACON | AFP | Getty Images The rich really are getting richer. We know this, but two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider. Federal Reserve Board economists Isabel Cairo and Jae Sim
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – The luxury goods retailer reported a mixed quarter, with revenue below forecasts, but earnings beating analysts’ estimates. Tiffany’s results were helped by an improvement in sales in China, and the company said global sales trends are continuing to improve during
This summer has seen a downward slide in mortgage interest rates getty The downward trend of mortgage interest rates has continued this week, with average rates reaching 2.91% for a 30-year fixed rate loan, according to the weekly report by Freddie Mac. This is a decrease from last week’s rates when they reached 2.99%, but
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters The usual summer slowdown in the housing market is not happening this year. Buyers continue to show strong demand, spurred by the new stay-at-home world of the coronavirus and by record low mortgage rates. Pending home
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