BlackRock’s global chief investment strategist said after the market’s strong gains, he is more cautious on U.S. stocks into the second half of the year because of risks of fading fiscal stimulus and potential election volatility. BlackRock Investment Institute, in its second half outlook, said it retains equities at neutral, or benchmark weight in portfolios.
Employees wearing protective masks and gloves prepare drinks at a restaurant in Fort Lauderdale, Florida, U.S., on Thursday, June 25, 2020. Jayme Gershen | Bloomberg | Getty Images Stocks rallied on a much stronger-than-expected gain in hiring, but the bond market appears to be looking to the future and there are real doubts about whether
Counos U: A New Means of Payment is Conquering the World Being able to pay with one currency and get a return has never been seen before and will conquer the world in no time. Counos U is 100% backed with dollars and has a fixed value of $100. To ensure this, a specially developed
2-8a Rutland Gate in Knightsbridge was bought by a Hong Kong investor for $264 million Beauchamp Estates London’s prime housing market is seeing strong interest from Hong Kong and mainland Chinese buyers, with real estate agents reporting above-average levels of investment. London-based estate agency Beauchamp Estates reports that over the past 6 months it has sold
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Monday, May 11, 2020. Andrew Harrer | Bloomberg | Getty Images The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There are, however, warning signs that
Puerto Rico bankruptcy Judge Laura Taylor Swain rejected three related claims of bondholder liens on broad categories of commonwealth revenues, likely resulting in nearly $7 billion of outstanding debt paying pennies on the dollar. This also could result in a knock-on effect for other bond types of Puerto Rican debt. The judge’s decision is also
The non-agency MBS sector has gone through a roller-coaster ride in the last few months due to heavy sell-downs by leveraged players and a subsequent snapback in demand by value hunters. We remain overweight the sector on the service due to continued sector demand, fiscal support of households and a decent housing price backdrop. In
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images Stocks in the week ahead will focus on the severity of the spread of the coronavirus, during what should be a lull between Thursday’s
Startup Lyric is shutting down most of its business travel rental locations as its cofounder and … [+] president steps down. Getty Lyric, a short-term rental startup that raised $180 million from Airbnb and other investors, has shuttered all but one of its locations, making it the latest travel company to be defeated by the
Aerial view of the home of Ghislaine Maxwell in Bradford, New Hampshire. NBC News Ghislaine Maxwell, the accused procurer for dead convicted sex criminal Jeffrey Epstein, was arrested Thursday at a New Hampshire home purchased for $1 million last December by a “legal entity” The entity was created after the homeowner’s real estate agent balked
The public agency that manages St. Louis public transit hits the market as soon as Tuesday with a refunding to ease near-term COVID-19-induced revenue strains. The Missouri-Illinois Metropolitan Bi-State Development Agency is selling $171 million of combined lien mass transit sales tax appropriation refunding bonds including $13 million of tax-exempts and $158 million of taxables.
As you can see in the following chart, the United States Natural Gas Fund (UNG) has seen a bit of a rally over the past week in line with a surge in the commodity, after several months of losses. This has been a very trying year for long traders in this natural gas ETF as
People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Spencer Platt | Getty Images Wells Fargo warned on Monday that it will likely cut its dividend after the Federal Reserve announced it would cap dividends for banks based on earnings. Wall Street analysts pointed to Wells Fargo as
Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face
This has been a period like no other in the past century. We will have to wait through the third … [+] quarter to see its actual ongoing impact on residential, retail, and commercial prices, but one thing seems certain. How we use the built spaces around us will never be quite the same again.
Focqus, LLC | iStock | Getty Images New monthly data from apartment rental platform Zumper shows San Francisco rents were down nearly 12% year over year in June, making the city’s decline the largest in the nation, and a record slide for San Francisco. It’s also the second consecutive month San Francisco rental prices have
A recent audit by a California agency raised questions about a San Diego-area school district’s decision to choose a rating agency with criteria likely to result in a higher rating for a general obligation bond sale. The full Fiscal Crisis Management Team audit released June 22 reported “significant evidence” of malfeasance by current and former
Introduction The Vanguard Growth ETF (NYSEARCA:VUG), which I wrote briefly about in this article titled 3 Great Large Cap Growth ETFs To Pick Up On A Dip, consistently outperforms the S&P 500. It has, however, lagged behind technology as one can see in the chart below. The ETF charges an ultra-low fee of just 0.04%
Zacks has 2 excellent stock rating systems. What’s the difference between them? And which one is right for you? Learn the answer in this video commentary.
The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud-computing branch of the e-commerce giant, is further expanding its services in the growing space industry. The company announced
A FedEx employee wearing a protective mask and gloves loads boxes into a truck amid the coronavirus pandemic on April 28, 2020 in New York City, Alexi Rosenfeld | Getty Images Check out the companies making headlines after the bell. FedEx — The shipping company’s stock climbed 9% after the closing bell following its release of
Palisades Park In Santa Monica overlooks the Pacific Ocean Getty Here’s are some of the least expensive homes for sale in the most expensive ZIP codes. Savvy buyers often trade off a smaller home sometimes on a main street to live in a desirable neighborhood. The problem today is finding those homes is a challenge.
ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars. In many ways that Americans work to establish themselves financially — through the stock market, net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
It’s possible to squeeze more yield out of the cash you are keeping on the sidelines. That’s important, because long gone are the days when you could earn even one percent from a money-market fund. In fact, yields consistently have been below 0.5% for the past decade; nowadays the average national money market fund yield
Two Federal Reserve presidents said the central bank is committed to fighting racism as an economic issue, following increased disparity in U.S. labor market fortunes this year amid the coronavirus-induced recession. “I think you have seen a pretty significant change in terms of the voice of the Fed in the last six to eight months,”
A couple of weeks ago, I wrote an article where I estimated that iShares MSCI Brazil Capped ETF (EWZ) would remain stagnant in the short-term. Since then, EWZ’s price has fluctuated around $29, which is less than my estimate of $31. The FX rate was responsible for the majority of EWZ’s volatility and underperformance, which,
(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O’Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading