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…
Whether you want to retire early, work less, or just have extra money to fund a vacation, dividend stocks can provide you with the cash flow to help you achieve your goals. The key is to find high-yielding stocks that aren’t too risky to ensure you aren’t setting yourself up for disappointment later on. Three…
The Great Chinese Stock Rally of 2024 seemed as if it had run its course by Thursday afternoon. Nevertheless, the big pops in prices of equities across that economy still left them in positive territory when compared to their levels at last Friday’s market close. Investors piled into every conceivable sector, so we could have…
Shares of oil and gas majors ExxonMobil (NYSE: XOM) and Conoco Phillips (NYSE: COP), as well as defense contractor Lockheed Martin (NYSE: LMT), rallied on Tuesday, up 2.8%, 4.2%, and 3.5%, respectively, as of 1:17 p.m. ET, even as the broader indices were down between 1% and 2% at that time. Fortunately for their shareholders,…
China, Alibaba getty The interest rate cuts, and further economic stimulus announced last week by Chinese authorities, continue to boost the stocks representing interests in that nation. It’s actually been more of a rally than that seen in U. S. stocks after the Fed’s rate cut declared earlier this month. These New York Stock Exchange…