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Investors who want a one-stock solution for participating in the long-term upside of automation could definitely do worse than to consider IMI plc (IMIAY) (OTCPK:IMIAF). Not only is this company a significant player in motion and control across a range of end markets, but the business is also active in areas like climate control and precision fluidics for life sciences and healthcare. All of that gives investors broad exposure to a wide range of end markets, not to mention longer-term growth drivers like factory automation, green energy, and life sciences. IMI shares are up more than 25% since my last…

The Nasdaq Composite notched its biggest one-day drop in almost two months, as Nvidia led a sell-off among several Big Tech names and countered gains for the broader US stock market.The tech-heavy index closed 1.1 per cent lower on Monday, its biggest one-day drop since April 30. Shares in Nvidia dropped 6.7 per cent, continuing a recent slide, for their biggest daily fall since mid-April.Owing to its heavy weighting, Nvidia’s share price moves have a large influence over the direction of stock market indices. Amazon and Microsoft, as well as chip groups Broadcom and AMD, closed lower.The S&P 500 closed…

Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now offer a state-facilitated savings program. States elsewhere in the nation are considering these programs as well, including large states like Michigan and Pennsylvania, with millions of potential beneficiaries in those states. State legislatures are adopting these programs because they are both good policy and good politics. These programs represent a real effort to…

A small group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. But eventually, ARMs reset to an unknown future rate, meaning there is a high degree of uncertainty for individuals who take on these types of loans.About 330,000 homeowners who got an ARM in 2019 have already seen their five-year, fixed-rate term end, and another 100,000 will see their rates…

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Investing In General Mills General Mills (NYSE:GIS) shares are usually found in income-seeking investors. After all, 124 years of uninterrupted dividends combined with a 9% CAGR in shareholder returns over the past three decades are two outstanding achievements that won’t go unnoticed by several cohorts of investors. I am initiating my coverage of General Mills as it approaches its Q4 and FY 2024 report. This seems to be an opportune time to share my research on the company and explain why it could be a good investment for some, but currently not for me. General Mills: The Company General Mills…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Benjamin Netanyahu said on Sunday that the end of the “intense phase” of Israel’s war with Hamas in Gaza was “very close”, and that Israel would soon redeploy forces to its northern border where it has been trading near-daily fire with the Lebanese militant group Hizbollah.In an interview with Israel’s Channel 14, the Israeli prime minister said the end of this phase of fighting in the enclave would not spell the end of the war. He insisted that Israel would continue until…

Every great financial advisor has heard some version of the following from a client or prospective client: “I wish I’d met you sooner!” The apparent assumption is that if they had met on an earlier date, they’d have become a client sooner, they’d have better positioned themselves financially, and they’d be better off today than they may be now. Perhaps they’re right, but regardless, it begs the question—or questions: Why do, why don’t, and why should people look for a financial advisor? Why do? Short answer: They’re anticipating or going through a major life transition. In my 27 years of…