Investors ought to monitor the Producer Price Index, not the Consumer Price Index, to see how higher prices are filtering through the economy.
(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.The couple’s divorce announcement last month cracked the cur
Ashford Hospitality Trust (AHT) has agreed to sell up to 40.1 million shares of common stock to Seven Knots, LLC. The par value of shares is $0.01 per share and they may be sold from time to time during the term of the purchase agreement. Per the terms, the sale is to be completed over two years from the completion of all necessary formalities, including the filing of the final prospectus with the SEC. Additionally, Seven Knots is obligated to buy shares as Ashford directs. Seven Knots will be o
Investors have known about the plan for months, but on Friday, GE said it will take place on July 30, after the market closes.
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In this article, we discuss the 10 best investments of billionaire Peter Thiel. If you want to skip our detailed analysis of Thiel’s history and performance, go directly to the 5 Best Investments of Billionaire Peter Thiel. Peter Thiel, the German-American entrepreneur who is one of the most successful investors in the United States with […]
We’re halfway through the year, and while the markets have been volatile, investors are having a good time so far. The S&P 500 has gained 11% year-to-date, and the tech-heavy NASDAQ has gained 9%. With the Fed keeping interest rates at historic lows, stocks are offering better rates of return – and they are keeping ahead of inflation, as well. But while the overall markets are up, individual stock performance can and will vary. Which means that in the midst of a general rising trend, it’s still
(Bloomberg) -- After a slew of news related to renewed crackdowns from China triggered a Bitcoin selloff, chartists and analysts are turning to a sinister-sounding technical signal.The original cryptocurrency has formed a death cross, meaning its average price over the last 50 days fell below that of its 200-day moving average. The indicator is typically seen as a closely-watched technical measure that could offer a hint at more pain to come.Many analysts had anticipated the coin, amid a recent
(Bloomberg) -- Tiny oil company Torchlight Energy Resources Inc. saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze.The Plano, Texas-based company jumped as much as 74% to $10.88 a share on Monday before paring some gains. Torchlight, which has a market capitalization of about $1.2 billion, is the second-biggest gainer on the Nasdaq this year. At the end of the first quarter, its market value was about $266 million.In December,
Mike Mayo, Wells Fargo Senior Analyst, joins Yahoo Finance Live to break down the outlook for big banks, weigh in on broader markets amid the pandemic and discuss the outlook for the Fed’s monetary policy.
The telecommunications industry in the United States is currently going through a change, as telecommunication giants like AT&T and Verizon divest their non-core assets. These companies are increasingly focusing on the deployment of 5G networks. Using the TipRanks Stock Comparison tool, we will compare two telecommunication companies, At&T and Verizon, and see how Wall Street analysts feel about these stocks. AT&T (S&P 500 :T) AT&T is a global provider of telecommunications, media and technology
In this article, we will be discussing the 10 best dividend stocks to buy according to Tiger Cub Rob Citrone. You can skip our detailed analysis of Citrone’s hedge fund returns, investment philosophy, and history, and go directly to the 5 Best Dividend Stocks to Buy According to Tiger Cub Rob Citrone. Rob Citrone is […]
Billionaire hedge-fund investor Ray Dalio says the Federal Reserve might find itself in a jam where it can't significantly tighten policy “without having a big, negative effect” on sensitive financial markets.
It's a gobble gobble of a time in the corporate career of Lordstown Motors President Rich Schmidt.
Cisco is well-positioned to benefit from an expected acceleration in enterprise tech spending. Evercore ISI research analyst Amit Daryanani sees shares reaching $100.
Amazon’s Prime Day is here, Americans are 65% vaccinated, FTSE Russell rebalances, and other news to start your day.
In this article, we will take a look at the 10 best alternative energy stocks to buy now. You can skip our comprehensive analysis of these companies, and go directly to the 5 Best Alternative Energy Stocks to Buy Now. The global alternative energy industry has steadily gained traction, with more people attempting to implement […]
Gold Royalty Corp. ("GRC") (NYSE American: GROY) and Ely Gold Royalties Inc. ("Ely Gold") (TSXV: ELY) (OTCQX: ELYGF) are pleased to announce that they have entered into a definitive agreement (the "Agreement"), dated June 21, 2021, pursuant to which GRC will acquire all of the issued and outstanding common shares of Ely Gold (the "Ely Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
Apple stock has been flat so far this year, but that could change, as Wedbush analyst Dan Ives sees a new phone announcement in late September.
Whether or not the story of the crypto trader with the trillion-dollar gain is true, it offers an important lesson for new traders.
(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.The cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs, the people said, asking not to be identified because the information isn’t public. While such workers are typ