Author: Press Room
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the climb 8% year-to-date, analysts who track them said. Many investors who look to fundamentals, on the other hand, see choppy waters ahead when they study measures like corporate earnings and valuations. Few market participants lean entirely on one style and neither…
The classic portfolio breakdown is 60% stocks and 40% bonds, with the idea that the two asset classes move in opposite directions and will counterbalance each other in bad times. That concept went wrong in the nasty investing climate of 2022, when both types of securities tanked. We asked Lewis Walker, a financial planning and investment strategist at Capital Insight Group in Peachtree Corners, Ga., how to approach asset allocation now. Larry Light: What’s your take on 60/40 now? Lewis Walker: For years Wall Street gurus espoused an asset allocation model of 60% stocks, 40% bonds. The idea was that…
Walt Disney Co. reportedly plans to slash thousands of jobs next week. Bloomberg, citing people familiar with the plans said the company would cut about 15% of the staff in its entertainment division. The cuts will include those in TV, film, theme parks and on corporate teams, in every region where Disney operates. Disney Entertainment, a unit created in a restructuring this year, would also be impacted, the report said. BOB IGER SAYS HE WAS ‘VERY, VERY SURPRISED’ BY HIS RETURN TO DISNEY Some workers will be notified as early as Monday.In February, the company announced it was trimming its payroll…
CNN will be the home to a new weekly prime-time show featuring Gayle King and Charles Barkley, the news network announced on Saturday. King and Barkley sat down together on TNT’s NBA Tip-Off Saturday to discuss the details of the live show, titled King Charles, which is set to air on Wednesdays. “I want the show to be nonpolitical,” said Barkley, though he added that the show would touch on politics. “You know (Gayle King) is going to be a straight shooter. I’m going to be a straight shooter,” he added. “I know she’s going to be fair and honest…
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Following an industry-wide decline, popular Dogecoin killer Shiba Inu is enduring a rough week with a 3.3% price slump in the last 24 hours.The meme coin’s decline is further exacerbated with a seven-day loss of 8.3% which shows a cooling in altcoin interest market-wide. The meme coin which stands at $0.00001026 at press time is known for its highly inflationary coin supply and crypto experts believe it is bound to fizzle down to $0 in 2024.However, while SHIB could be on the path of no return, value-driven investors are already eyeing the next big thing in the parody coin sub-sector.Called Love…
As talk of a TikTok ban builds, the leading legislation with bipartisan support is the RESTRICT Act. Critics warn that the bill gives POTUS far-reaching new powers, and paves the way for more government surveillance of the Internet. Groups like the ACLU say that it could undermine free speech and the right to privacy in America. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app One of the very few things that Democrats and Republicans agree on is that something has to be done about…
US banks are becoming increasingly worried about falling commercial property valuations and the risk they pose to lenders’ balance sheets, senior executives said this week. Office valuations in particular have been pummelled by rising interest rates and many employees’ preference for working from home since the coronavirus pandemic. However, financial executives sought to reassure investors that they did not foresee significant systemic risk because holdings are broadly distributed among banks and other institutions.“What happens with commercial real estate, particularly offices” was State Street’s biggest concern, the US custody bank’s chief executive Ron O’Hanley said this week. Not all properties had…
Minnesota Democratic Gov. Tim Walz is expected to sign a series of bills that would further enshrine the right to abortion and gender-affirming care into state law while banning so-called conversion therapy. The Democratic-led state Senate passed three bills Friday after their Democratic colleagues in the House advanced the legislation earlier this year. The reproductive health care and gender-affirming care bills, HF366 and HF146, seek to shield people from any legal action that other states may levy over such care. The legislation banning conversion therapy, HF16, which garnered only two Republican votes, outlaws organized attempts to convert people who identify…
Three years to the day, U.S. benchmark West Texas Intermediate crude futures settled at a negative price for the first time on record. The oil market is again struggling with signs of a slowdown in the global economy that could lead to a drop in energy demand. The U.S. benchmark’s May 2020 crude futures contract fell 306% on the New York Mercantile Exchange to settle at a negative $37.63 a barrel on April 20, 2020. That was the biggest one-day drop based on records going back to 1983 and the lowest-ever settlement for a Nymex… Read the full article here
