Author: Press Room

Escalations in the Israel/Iran conflict ensured the “new phase” in the S&P500 highlighted in last weekend’s article continued lower as expected. The break of 5048-56 suggests a large correction should eventually target an undercut of 4818. While this is a useful medium-term expectation, it leaves a lot of unanswered questions in the near-term. Perhaps most pressing is whether the correction will continue directly lower, or if Friday’s futures low of 4924 was short-term capitulation and will lead to a bounce? This weekend’s article will look at probable paths for the remainder of the correction and where exactly it may end…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US is expected to blacklist a controversial Israeli military unit for alleged human rights abuses against Palestinians in the occupied West Bank, in its first sanctions against the Israel Defense Forces.The sanctions would ban the transfer of US military weaponry or any other forms of assistance to the Netzah Yehuda battalion, an all-male IDF infantry unit made up of ultra-Orthodox and religious nationalist Jewish recruits, according to people familiar with the matter. It would be the first time the US has…

On GPS: Michael Douglas on being Benjamin Franklin Fareed sits down with Academy Award-winning actor and producer Michael Douglas to discuss his new role portraying founding father Benjamin Franklin on the Apple TV+ series, “Franklin.” Read the full article here

In a recent transaction, executives from Silver Lake, a global leader in technology investing, have sold a significant number of shares in Dell Technologies Inc. (NYSE:). The shares sold by the executives amounted to over $260 million, reflecting the company’s ongoing business activities. The transactions, which took place on March 20 and 21, 2024, involved the sale of Dell’s Class C Common Stock at prices ranging from $106.18 to $114.00. These sales are part of the normal course of investment management for the executives and are reported in compliance with regulatory requirements. Silver Lake has a history of significant investments…

Investing.com– The U.S. dollar steadied on Wednesday, retaining a bulk of its overnight gains after strong consumer inflation data furthered bets on higher-for-longer rates, while the British pound tread water before key GDP data. Strength in the dollar kept most other G7 currencies trading largely rangebound, with the , and moving less than 0.1% in either direction. But the saw some strength amid continued focus on a policy shift by the Bank of Japan. GBP rangebound with data barrage in focus The steadied on Wednesday at about 1.2792 against the dollar, in anticipation of several key economic readings. data, and…

The answer is YES. Both. Here’s why. Hannah Le turns 18 this week. She’s a senior in high school choosing between college acceptance offers from Cornell and the Honors College at the University of Texas in Austin. And she’s a self-made financial literacy instructor. She has taught more than 500 elementary school children at 9 different schools through a curriculum of her design that features interactive exercises, including the following topics: Needs vs. Wants Human Capital: Skills, Education and Experience Earning and Spending Forms of Payment Types of Financial Accounts Savings and Budgeting Income, Expenses, and Profit Hannah sits with…

The Federal Reserve is anticipated to slash interest rates this year ahead of Election Day, which will likely lead to a superficial boost to Americans feeling wealthier ahead of casting their votes, though the cuts would have detrimental effects in the long run, experts say.  “I think superficial is exactly the key because one of the things that happens when you cut interest rates is that you do get a temporary boost to the economy driven by an ease of access in terms of debt. So a lot of Americans right now, they can’t afford today’s punishingly high home prices,…

President Joe Biden is keeping the ball rolling on student loan forgiveness, canceling a new round of loans as his administration crafts a new plan to target even more outstanding student debt. The latest round of cancelations targets $7.4 billion in student loans for 277,000 borrowers, the Department of Education said in a statement. This brings the total debt forgiven over Biden’s presidency to $153 billion. The discharges are part of the Saving on a Valuable Education (SAVE) Plan, which offers a faster route to forgiveness.  “Today we are helping 277,000 borrowers who have been making payments on their student loans for…

College tuition is on the rise, living costs are high and the future is uncertain. Combine that with the pressure to secure your child’s financial future, and it may sound intimidating. However, a few expert-approved moves can help pave the path for their success.”It’s important for parents to save what they can, when they can,” Tony Durkan, a vice president and head of 529 relationship management at Fidelity Investments, told Fox News Digital.  Durkan said 529 savings accounts are a “flexible, tax-advantaged” way to save specifically for education, including room and board expenses, tuition, apprenticeship costs, student loan repayments and…

At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury and who pays for it.The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced downturn that could lead tech, and more specifically, Super Micro, down the rabbit hole.” If you can figure out the proximate cause of a 23% decline in the heretofore best-performing stock in the S&P 500 this year, you might be able to come to grips with…