Day: August 5, 2024
Moving out of cash? These are the top-performing fixed income funds so far this year
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They’re now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts […]
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‘Hot money is saying sayonara’: Japan fund manager names outperforming sector to buy amid sell-off
As Japanese stocks plummet, confirming a bear market, there are opportunities in small-cap and domestic-focused companies, according to fund manager Richard Kaye. Kaye, one of the co-fund managers behind the Growth Japan fund at Comgest, believes the current market turmoil presents a chance to invest in overlooked sectors as foreign investors exit certain positions. The […]
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CrowdStrike is sued by fliers after massive outage disrupts air travel
Travelers wait to board their delayed flight at the Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Brandon Bell | Getty Images CrowdStrike‘s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled. In a proposed class action […]
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U.S. personnel wounded in attack against base in Iraq, officials say
Al Asad airbase in Iraq. A rocket attack at an Iraqi military base injured US personnel, officials say on Aug. 6th, 2024 Source: Google Earth At least five U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible […]
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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be […]
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Stocks making the biggest moves after hours: Palantir Technologies, Lucid Group, CSX and more
Check out the companies making headlines after the bell : Palantir Technologies — Shares of Palantir Technologies popped more than 15% after the company beat second-quarter estimates and upped its annual forecast as demand for artificial intelligence software shows no signs of dwindling. Palantir posted adjusted earnings of 9 cents per share on $678 million […]
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Judge orders DOJ to return helmet, spear to ‘QAnon Shaman’ Jacob Chansley
Jacob Chansley, also known as the “QAnon Shaman,” screams “Freedom” inside the U.S. Senate chamber after the U.S. Capitol was breached by a mob during a joint session of Congress on January 6, 2021 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images “QAnon Shaman” Jacob Chansley will regain possession of the […]
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Lucid gets $1.5 billion cash infusion from Saudi shareholder, beats revenue estimates
The Lucid Air on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject $1.5 billion in cash, as the electric vehicle maker looks to add new models to its product line. The EV maker’s shares, […]
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Former Trump campaign lawyer Jenna Ellis cooperating with prosecutors in Arizona fake electors case
Jenna Ellis, right, and Sydney Powell, attorneys for President Donald Trump, conduct a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020. Tom Williams | CQ-Roll Call, Inc. | Getty Images This is breaking news. Please refresh for updates. Source
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Prepare for a new high-volatility market regime
It’s not every day that you see the Cboe Volatility Index — market’s ‘fear gauge’ — spike above 25, much less 65. When it does, it suggests fears are running exceptionally high based on real-time pricing of S & P 500 Index options. The ‘VIX’ touched 65 briefly before retreating in Monday trading. Often, spikes […]
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