Author: Press Room

Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall. The Dow surged by more than 700 points, or 1.8%, hitting a fresh all-time high and extending its winning streak. The S&P 500 gained 0.5% and the Nasdaq Composite was 0.1% higher. Investors were feeling buoyant after a round of robust corporate earnings and a better-than-expected consumer spending report. The Commerce Department reported Tuesday that US retail sales were stronger than expected in June, after mostly flat readings for the first half of the year. The figures are adjusted for seasonal swings…

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Small-caps have been on a tear since the 2nd week of July this year, and it looks like there’s potential for a long-term secular shift towards outperformance in this part of the marketplace. I’d much rather prefer small to large in the years ahead, and if you’re of the same mindset, you may want to consider the iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS). This is a passive fund that tries to track the S&P SmallCap 600 Value Index, which consists of US small-cap equities that the market perceives as being cheap compared to their peers on grounds such as…

Rwanda’s Paul Kagame secured five more years as president after taking 99 per cent of the vote, according to preliminary results, in an election that served to underscore his dominance over the east African nation. Frank Habineza of the Democratic Green Party of Rwanda secured 0.53 per cent of the votes counted, while independent candidate Philippe Mpayimana got 0.32 per cent. Preliminary results were released late on Monday with 7mn votes counted out of the 9mn registered voters. Turnout was 98 per cent.Kagame’s dominance over two lesser-known opponents in Monday’s vote was in line with previous tallies since he was…

Nearly 48 hours after the attempted assassination of former President Donald Trump, investigators are struck by the lack of leads they’re finding about Thomas Matthew Crooks’ mindset and possible motives for his attack. Even after successfully breaking into Crooks’ phone and searching his computer, scouring his search history and bedroom, and interviewing his family and friends, agents still haven’t found evidence that would suggest political or ideological impetus for the shooting, law enforcement sources told CNN. The FBI on Monday said in a statement that it accessed Crooks’ phone and that investigators conducted “nearly 100 interviews of law enforcement personnel, event attendees, and other witnesses.”…

I’ve never met anyone who loves paying more taxes on their retirement income. Building a retirement income you won’t outlive is hard enough without overpaying your taxes. Any strategy that helps you increase the amount of your tax-free retirement income will help minimize these two challenges. As a tax planning-focused Certified Financial Planner, I love helping people stay on track to reach financial freedom. Financial security can help you live a happier, healthier, and wealthier retirement. The larger your retirement tax burden, the more income-producing assets (cash, investments, real estate, 401(k), Cash Balance Pension Plans, etc.) you will need to…

Home prices increased again in April, hitting a new high that will likely keep homebuyers sidelined even as mortgage rates begin to soften, according to the latest S&P CoreLogic Case-Shiller national home price index report. Home prices rose 6.3% annually in April, a slight slowdown from the 6.5% annual increase in March. The 10- and 20-city indexes rose by 8% and 7.2% annually, respectively, each 0.3 percentage points slower than the prior month’s annual pace. While prices continue to show resilience, they also show signs of cooling.”At 6.3% annual gains, the index has decelerated from the start of the year,…

A pair of upbeat research notes are helping push Apple to a fresh record Monday and instilling further confidence that the iPhone maker’s AI-fueled stock gains are far from over. Analysts at Morgan Stanley designated Apple their top pick, raised their price target to $273 a share and reiterated their buy-equivalent rating. Meanwhile, Loop Capital upgraded shares to buy from hold and hiked their price target to $300 from $170. The common theme in the notes is optimism on Apple’s artificial intelligence strategy, which the Club has routinely praised since the iPhone maker unveiled details more than a month ago.…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets check: Stocks were up to kick off the new week, though they were trading off their higher levels of the session. The vicious rotation out of tech and into the “broadening out” trade that dominated the end of last week is playing out again Monday, but to a lesser extent. We’re seeing the small caps continue to catch a bid — with the Russell 2000 up almost 2% in the…