Author: Press Room
Watch full video on YouTube
Watch full video on YouTube
In the fall of last year, I believed that shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) were getting back on their feet. The MRO (maintenance, repair & operating) business saw modest growth, nothing too impressive, but not too shabby as well. Recently, the company has seen activity slow down, and now reports year-over-year sales declines, weighing on margins as well. While this is the case and a big pullback to the guidance does not come out of the blue, I see very reasonably priced shares, although MSC has been a mediocre performer as well, truth be said. An MRO…
US stocks climbed to record highs for the fourth straight session after data showed inflation fell to 3.3 per cent in May, raising expectations of early interest rate cuts. The S&P 500 closed 0.2 per cent higher on Thursday, despite 60 per cent of stocks in the benchmark index declining on the day. The tech-focused Nasdaq Composite rose 0.4 per cent, as four Magnificent Seven stocks rose.The S&P 500 most recently had a four-day winning streak earlier this month, but it was the Nadsaq’s first such streak since late March.The steady gains in US equities pushed Wall Street’s Vix index…
The US State Department on Friday designated a Nordic neo-Nazi group and three of its top officials as terrorists. It’s the second time in history that the US has designated a foreign White supremacist organization and its leaders as terrorists. The department designated the Nordic Resistance Movement (NRM) and three of its top officials – Tor Fredrik Vejdeland, Pär Öberg, and Leif Robert Eklund – as Specially Designated Global Terrorists on Friday, according to a statement from spokesperson Matthew Miller. It is the first time the Biden administration has made such a designation of a White supremacist group. The Trump administration in 2020 designated the Russian…
Nowadays, you can find many people who call themselves “financial planners” or “retirement advisers.” Unfortunately, there aren’t consistent definitions and professional requirements for these common terms, unlike the situation with professionals such as doctors, dentists, accountants, or lawyers. Another problem is that many people confuse investment advice with retirement planning. While investing can be an important part of your retirement plan, there are other decisions you’ll need to make that don’t involve investing, yet can have a greater impact on your retirement security. Before you begin working with a retirement adviser, be clear about the retirement decisions you’ll need help…
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 6.625% as of June 13, which is 0.365 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
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. Market check: Stocks are trending lower Friday, a day after the S & P 500 and Nasdaq closed at a new record high. It caps off a positive week for the S & P 500, though most of the gains have been concentrated around a select group of stocks that are generating revenue from artificial intelligence. The divergence in returns this week was startling. The tech sector rallied more than 6%…
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change.This year’s hurricane season is already underway, and the forecast is for “above-normal” activity, according to the National Oceanic and Atmospheric Administration (NOAA). It predicts up to 13 hurricanes, with four to seven categorized as “major” storms.Various risk models have shown myriad projections for falling real estate values, but the effects of climate…
A Texas bankruptcy court judge has approved the liquidation of conspiracy theorist Alex Jones’ personal assets, setting the stage for repayment to the families of Sandy Hook shooting victims. Last week, Jones agreed to convert his personal bankruptcy into a Chapter 7 liquidation. Judge Christopher Lopez on Friday agreed to that move. Jones’ decision to seek bankruptcy protection comes after he agreed to demands from the families of Sandy Hook victims, whom he owes more than $1 billion in damages he caused by lying about the 2012 school massacre. The seismic ruling paves the way for Jones to no longer own Infowars, the influential conspiracy…
