World
The stock market is on a hot streak — the kind that comes during spectacular years for returns
The S & P 500 is on track to nab its longest winning streak of 2024. Historically speaking, that has recently been a good omen for how the rest of the year will shake out. The broad index saw its eighth straight advance Monday. That is the longest string of gains since November 2023. .SPX […]
Read More
These high-yielding assets tend to do well in rate cutting cycles. What to know
As investors await the Federal Reserve’s first rate cut, those who are seeking income may want to consider preferred securities, according to a Bank of America analysis. The assets, which can have yields of roughly 6%, are a hybrid product that trade on exchanges like stocks but have par values and pay income like bonds. […]
Read More
Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading […]
Read More
Bounce in small caps has further to run, according to the charts
A great complement to a trend-following or momentum-based strategy is one that is counter-trend. A counter-trend strategy utilizes technical indicators, such as the stochastic oscillator, to identify when a security is becoming overbought or oversold. We see an overbought condition as a natural byproduct of positive momentum, but it eventually takes its toll. Conversely, we […]
Read More
British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC. The sources, […]
Read More
Estee Lauder’s long-time CEO Fabrizio Freda to retire
Fabrizio Freda, President and CEO of Estee Lauder. Getty Images Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025. Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO. Estee said […]
Read More
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to […]
Read More
Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
A soldier fixes a drone underground in a Ukrainian military position, and former Russian military position, in Ukrainian-controlled territory on August 18th 2024, in Kursk, Russia. Ukrainian forces operating in Russia’s Kursk Region have destroyed a second key bridge, the commander of the Ukrainian Air Force said, as they attempt to push further into Russia. […]
Read More
Canada’s Couche-Tard makes preliminary bid for Japan’s Seven & i
7-Eleven logo is seen near the shop in Chicago, United States on October 18, 2022. Jakub Porzycki | Nurphoto | Getty Images Japan’s Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada’s Alimentation Couche-Tard, potentially the biggest purchase of a Japanese company by an overseas […]
Read More
Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
Cosplayers pose for a photo in front of a life-size model of the new Marvel Universe movie “Deadpool & Wolverine,” authorized by Disney and seen in Shanghai, China, on July 26, 2024. Vcg | Visual China Group | Getty Images Hollywood blockbusters have dominated international box offices for decades, but in recent years, they have […]
Read More