Wall Street holiday: US stock markets will remain closed on Thursday, November 28 and close early on Friday, November 29, in observance of the Thanksgiving holiday. According to the Securities Industry and Financial Markets Association, the Nasdaq Stock Exchange and New York Stock Exchange (NYSE) will both be closed on account of Thanksgiving. The US…
Just nowMon 25 Nov 2024 at 9:07pm Petrol falls 4.5c at the bowser in past week Falling global oil prices are making it to the pump. Last week the average retail price of a litre of unleaded fuel, averaged nationally, was 173.0-cents, down from 177.5-cents a week earlier. The average for the past 12-months has…
The S&P 500 Index has given back more than half of its post-election rally as Friday’s selloff steepens, with sticky inflation and hawkish comments from the Federal Reserve weighing on sentiment. The broad equities benchmark was down 1.4 percent at midway through the session, putting it on track to lose 2.2 percent for the week,…
NATIONAL HARBOR, MD – (Photo by Alex Wong/Getty Images) Getty Images In a world where change happens gradually, then all at once, certain CEOs have demonstrated an extraordinary ability to not just navigate but thrive amid technological upheaval and market volatility. What distinguishes truly exceptional chief executives from their peers? There are four crucial criteria:…
Reducing the debt of China’s beggared local governments by CNY (yuan)12 trillion ($2.6 trillion) in less than five years sounds impressive but it has been met with serious disappointment by those on the outside looking in – investors, commodity traders and a large chunk of the commentariat. Certainly, investors on the ASX were disappointed and…
U.S. stocks were hovering near record levels on Friday as the price of Netflix surged and despite CVS Health experiencing a notable decline following mixed reports about its profits. The S&P 500 rose 0.1 percent in early trading, inching closer to its all-time high that was reached earlier this week. Meanwhile, the Dow Jones Industrial…
Dozens of Jewish anti-Israel protesters were arrested Monday after hundreds of rowdy demonstrators rushed the New York Stock Exchange and staged a sit-in outside the historic Manhattan building. Scores of pro-Palestinian protesters wearing red shirts stormed toward the building on Broad Street in Lower Manhattan — then chained themselves to the doors just before the…
Warren Buffett is rightly known as the greatest investor of all time. His company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is now worth roughly $1 trillion, thanks to little more than Buffett’s investing acumen. Berkshire is one of the most valuable companies in the world, not because of a blockbuster product or dominance of a…
For almost 60 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been on a pedestal. During that time, he’s watched his company grow into a trillion-dollar business, as well as delivered a cumulative return for his company’s Class A shares (BRK.A) that tops 5,600,000%! One of the reasons the Oracle of Omaha is…
The Federal Reserve’s pivot to lower interest rates will have ripple effects throughout the economy and send investors looking for passive income to new places. As yields fall in vehicles like high-yield savings accounts, investors could turn to high-quality, high-yield dividend stocks. Consumer spending and healthcare are two pillars of the U.S. economy, and great…