Month: August 2024
Arizona grand jury was interested in indicting Trump in fake electors criminal case, attorney general says
Republican presidential candidate former President Donald Trump participates in a question-and-answer session at the National Association of Black Journalists convention in Chicago, July 31, 2024. Scott Olson | Getty Images An Arizona grand jury that indicted 18 allies of former President Donald Trump on criminal charges related to trying to overturn his 2020 election loss […]
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These high-dividend-yielding stocks could see a rebound as rates decline, BMO says
Now could be a good time to start buying stocks with high dividend yields, according to BMO Capital Markets. The highest-paying S & P 500 stocks have significantly underperformed the index over the last year and a half, even with the rebound they’ve enjoyed in recent months, said chief investment strategist Brian Belski. Higher-for-longer interest […]
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Why ‘wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company Optoro. “During the summer and […]
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Stocks making the biggest moves midday: Fortinet, Shopify, Lyft and more
Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings of 57 cents per share on […]
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In a reversal, Disney’s media assets are starting to generate more excitement than its parks
A scene from Disney and Pixar’s film “Inside Out 2.” Courtesy: 2024 Disney | Pixar Here’s a surprise: Disney‘s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box office failures, have […]
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Europe stocks close with strongest gains for nine months as global rebound continues
Europe stocks close higher Stock Chart IconStock chart icon Stoxx 600 index. Europe’s Stoxx 600 index closed 1.56% higher on Wednesday, its best single-session performance for more than nine months. France’s CAC 40 leapt 1.9%, the U.K.’s FTSE 100 was up 1.75% and Germany’s DAX was 1.47% higher. — Jenni Reid Bank stocks climb Stock […]
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Warren Buffett now owns more T-bills than the Federal Reserve
Berkshire Hathaway now owns more in Treasury bills than the U.S. Federal Reserve as Warren Buffett builds up his cash fortress to a record level. The Omaha-based conglomerate held $234.6 billion in short-term investments in Treasury bills by the end of the second quarter, while it owned more than $42 billion of cash and cash equivalents […]
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Shopify shares soar 22% after earnings top expectations, company gives upbeat forecast
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Lance Mcmillan | Toronto Star | Getty Images Shares of Shopify popped as much as 22% in early trading Wednesday after the Canadian e-commerce company topped expectations for the second quarter, citing strong demand despite “a mixed consumer spend environment.” […]
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Hamas’ new political leader Yahya Sinwar is seen as more extreme — and less willing to compromise
Yahya Sinwar (C), Palestinian leader of Hamas in Gaza Strip, greets people during an event marking the 35th anniversary of the establishment of Hamas in Gaza City, Gaza on December 14, 2022. Ali Jadallah | Anadolu | Getty Images Hamas on Tuesday appointed Yahya Sinwar as the leader of its political wing following the assassination […]
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A ‘soft landing’ is still on the table, economists say
Key Points A weaker-than-expected jobs report on Friday fueled fears of a U.S. recession. An increase in the national unemployment rate triggered the “Sahm rule” in July, suggesting the U.S. is in a downturn. While there are causes for concern, data suggest the overall economy remains resilient, economists said. Source
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