“The numbers coming out of this deep pandemic contraction look pretty good,” Larry Kudlow, director of the White House National Economic Council, told more than 330 members of the National Conference of State Legislatures during a virtual presentation. The director of the White House National Economic Council said Wednesday the Trump administration is not opposed
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A few days ago a subscriber asked for my thoughts on inverse ETFs. Although these funds offer investors an easy way to profit from downturns, I believe them to be generally unwise investment choices, as expected returns are negative, and double-digit annual losses common. I thought it would be interesting to search for a stronger,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters On the morning of Sept. 3, the market began to fall, led on the descent by the same technology stocks that had captained the gravity-defying charge upward since late March. Despite being
The software business is on fire. This is going to be by far the biggest year for software IPOs in history. Four big software IPOs are pricing this week: Snowflake, Unity Software, Jfrog, and Sumo Logic. Palantir and Asana are coming at the end of September. Snowflake priced its IPO at $120 per share, raising
Check out the companies making headlines premarket Wednesday: FedEx (FDX) — FedEx shares popped more than 9% in the premarket on the back of quarterly numbers that beat analysts’ expectations. The shipping giant reported earnings per share of $4.87 on revenue of $19.32 billion. Analysts expected a profit of $2.69 per share on revenue of $17.55
Opendoor cofounder and chief technology officer Ian Wong. Opendoor The market reacted kindly yesterday to news that Opendoor, a technology startup that lets customers rapidly sell their homes, will go public through a merger with a blank-check company. Shares of its soon-to-be acquirer soared 35% during normal trading hours, before falling 7% early on Wednesday.
Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
Illinois-based OSF Healthcare System heads into the market Thursday with a $430 million deal that will help finance a new cancer treatment center and absorb debt from an acquired hospital. The system is selling three series through the Illinois Finance Authority — a $107 million tax-exempt tranche, a $149 million tax-exempt tranche, and a $172
With the highest proportion of engineers and scientists per capita, Israel is arguably the most innovative country in the world. R&D spending as a percent of GDP in Israel is nearly twice the OECD average. Israel has more venture capital per inhabitant than any other country, according to Statista. In spite of the COVID-19 outbreak,
Adam Dell attend Sony Pictures Classics And The Cinema Society Host The After Party For “The Burnt Orange Heresy” at New York Academy of Art on March 5, 2020 in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Goldman Sachs is one step closer to creating what it calls the digital bank
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Check out the companies making headlines in midday trading. Facebook, Amazon, Apple, Netflix, Alphabet, Microsoft — Shares of the group known as “FAANGM” rose broadly as tech tried to build on its solid gains from the previous session. Facebook and Alphabet were both up at least
Eric Wu, CEO of OpenDoor, speaks at a conference in 2018. (Photo by David Paul Morris/Bloomberg) © 2018 Bloomberg Finance LP Opendoor, an online platform that lets homeowners quickly sell their houses, announced on Tuesday that it will go public through a merger with Social Capital Hedosophia Holdings II, a shell company helmed by Chamath
Chamath Palihapitiya Olivia Michael | CNBC Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.” After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and
The economy continues to show progress, as manufacturing and industrial production trend higher, economic data released on Tuesday suggests. Manufacturing expanded in September in the New York region, while industrial production achieved its fourth consecutive monthly gain. “We expect manufacturing production to continue to increase in the near term as businesses replenish inventories,” said Roiana
Introduction I have written a few articles on various REITs in recent weeks, including Chartwell Retirement Residences (OTC:CWSRF) and Boardwalk REIT (OTCPK:BOWFF), and the Vanguard Real Estate ETF (VNQ) for those who would prefer an ETF versus cherry-picking of individual REITs. My main thesis is that most REITs provide a reasonably safe yield, as REITs
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected
Rendering of proposed eco-village in Harrisburg, Pennsylvania Murray Associates & The Bridge Former NFL athletes Garry Gilliam and Karlos Dansby have joined forces in a national effort to revitalize underserved neighborhoods by transforming abandoned properties such as schools, shopping centers and warehouses into sustainable mixed-use eco-villages with housing, retail, co-working, urban agriculture, education centers and
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Mortgage rates just set another new low, and that means the number of borrowers who could benefit from a refinance hit a new all-time high. The average rate on the 30-year fixed mortgage fell to 2.86% for the week ending
Consumers’ view of the economy was less pessimistic in August, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations. Expectations for home price gains returned to pre-pandemic levels, according to the survey, and respondents don’t foresee delinquencies, but spending, income and labor projections still trail levels from before the coronavirus pandemic.
Main Thesis The purpose of this article is to evaluate the iShares Core Dividend Growth ETF (DGRO) as an investment option. This has been a holding of mine for a while, but its 2020 performance has not been too impressive. With that in mind, I wanted to examine DGRO critically to see if there was
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton earned 27 cents per share for its latest quarter, compared to the consensus estimate of 10 cents a share. The exercise equipment maker’s revenue also topped expectations. The profit was Peloton’s first ever, with revenue nearly tripling on the
A unit in The Broad Exchange Building in Manhattan’s Financial District, likely to be one of the … [+] city’s last rental-to-condo conversions. The Broad Exchange Building It’s a common situation for New York City renters – their rental building is going condo (or, as was the case a couple of decades ago, co-op). But
Big cities across the country are seeing a rise in listings as people move to the suburbs. According real estate company Compass, search traffic has more than doubled with searches for outdoor spaces and pools up substantially since March. Robert Reffkin, CEO and founder of Compass, joins “Squawk Box” to discuss. 04:25 20 minutes ago
Municipals finished little changed on Friday with yields remaining steady along most of the AAA GO scales. Almost $10 billion of new deals are on the calendar for the upcoming week and once again taxable issuance is well represented with offerings from issuers in Texas, New York and California high on the list. “The theme
CEFA: Welcome to CEF Insights. Your source for closed-end fund information and education brought to you by the Closed-End Fund Association. My name is Diane Merritt. Today, we are joined again by Tom Roseen, Head of Research Services with Refinitiv Lipper, and author of the FundMarket Insight Report, which provides in-depth monthly commentary on the
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Markets are looking
The duplex apartment has three terraces. Elegran Actor Anthony Edwards, best known for roles in the movie Top Gun and TV series ER, is selling his prewar penthouse on Manhattan’s Upper East Side. Edwards, who played Goose to Tom Cruise’s Maverick in the 1986 Air Force movie and Dr. Mark Greene on the first eight