Author: Press Room
When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the inception, you can go either way. You can detect a pattern that points to an absurdity, let’s say a warning about a two-track bias, one with light volatility and the other with craziness. Or perhaps a simple jeremiad flagging a dangerous oddity of mega-caps versus non-mega-caps that bemoans, or worse, causes worry that might tempt people to “get out…
Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given Musk in 2018. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. And his board is threatening if they don’t do so, they won’t get the attention they need from Musk to…
By Lynn Song Weak confidence continued to drag growth China saw a mixed bag in terms of data releases over the past month, but most indicators came in weaker than market forecasts. The key theme for the month was both the private sector and households remaining cautious. Credit data showed that aggregate financing declined for the first time since 2005, and M2 growth also fell to record lows. After a strong 2023, credit contracted sharply in 2024. Our view is that real interest rates remain too high for the current state of the economy, and believe there are rising odds…
Stay informed with free updatesSimply sign up to the Energy sector myFT Digest — delivered directly to your inbox.Colombia is suspending exports of coal to Israel in protest over the war in Gaza, the South American country’s president announced on Saturday.“We are going to suspend coal exports to Israel until the genocide stops,” president Gustavo Petro posted on X. Petro shared a draft decree issued by the ministry of trade which stated that exports will only be resumed once Israel complies with orders from the International Court of Justice last month to halt its military offensive in Rafah.The trade ministry…
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Theodore Roosevelt carefully crafted his image of rugged manliness. The wealthy heir became a Badlands cowboy and a volunteer Rough Rider and war hero. A populist and a reformer as president, Roosevelt enjoyed incredible popularity during his lifetime – and he nearly remade the American political system when, frustrated by the direction of the Republican Party after his presidency, he splintered off as a third-party candidate and nearly won election as a Progressive “Bull Moose” in 1912. But that…
Seven decades after he became addicted to Superman, Gary Prebula’s collection of graphic novels and comics has a permanent home at the University of Pennsylvania library. It took a team effort. By Kelly Phillips Erb, Forbes Staff Gary Prebula blames his mother for his seven-decade-long comic book obsession. He was three when his parents ventured out on New Year’s Eve, leaving him with his grandfather. His mother bought a Superman comic book to keep the precocious toddler, who had just started to read, occupied. When his parents returned home just after 1:00 a.m. they found Prebula still awake, rereading that…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 14, which is 0.010 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.250%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market.So, Forge Global’s Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring.The ultimate goal: Give more investors easier access to unicorns.”This is a major financial innovation that’s just happening now,” Rodriques told CNBC’s “ETF Edge” this week. “There is a future … where index products and other financial innovations are making it possible for every investor to participate.”The Forge Accuidity Private Market Index consists of 60 private companies including SpaceX, Stripe and Epic Games, according…
Former President Donald Trump on Saturday recognized that the price of insulin is lower under President Joe Biden, but he still wants voters to credit his own administration.”Low INSULIN PRICING was gotten for millions of Americans by me, and the Trump Administration, not by Crooked Joe Biden. He had NOTHING to do with it,” Trump wrote in a Truth Social post. “It was all done long before he so sadly entered office. All he does is try to take credit for things done by others, in this case, ME!”The comment comes as Trump lags Biden on the issue of health…
Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch of generative AI tools coming to its mobile operating system. A big push into AI could spur growth for iPhone sales and services for years to come, as users are now waiting longer to upgrade their devices and an uncertain economic environment weighs on consumers, particularly in China. The company also faces…
