Author: Press Room

We contrarians, we’re not ashamed to admit, make our big money dumpster diving for discarded dividends. When vanilla investors toss trash, it is often our treasure! I have a hunch this is unfolding in the natural gas market. Prices literally can’t go much lower, which means that eventually they must go higher! “Natty” prices have fallen from roughly $9 per million British thermal units (MMBtus) to a little more than $2, flattened by unseasonably warm weather and months of dogged supply surplus. Reuters reported in February that “depletion so far this heating season has been around half the seasonal average…

We’re awash in knowledge in 2023, but do you think our general level of understanding is greater? Do you think we’re wiser? I’m not so sure, so when I was challenged to re-read through one of the great collections of ancient wisdom last month, the book of Proverbs, it was an easy Yes. Indeed, I found wisdom a plenty, but what was most surprising was the proliferation of financial wisdom, in particular. And I mean, a lot. In fact, in only 31 chapters, I found more than 130 references to things financial: money, riches, wealth, prosperity, poverty, and fulfillment beyond…

Earnings season kicked off last week with 10 S&P 500 companies reporting and banks and financial companies dominating the total. The deceleration of consumer inflation (CPI) supported stocks, and large bank earnings were better than expected across the board. The S&P 500 rose by less than 1% for the week, but large bank shares soared by over 3%. The pace and the breadth of the fourth-quarter earnings season accelerate this week, with 60 S&P 500 companies scheduled to report. A more detailed preview of the earnings season is available here. At this early juncture, blended earnings, which combine actual with…

Dominion Voting System’s defamation lawsuit against Fox Corp. and its cable TV networks will go to trial in the coming days, but it remains to be seen what, exactly, the lawsuit means for Fox and its business.Dominion brought its lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing their hosts pushed false claims that Dominion’s voting machines were rigged in the 2020 presidential election that saw Joe Biden triumph over Donald Trump. The trial begins on Monday.IAC Chairman Barry Diller, who was chairman and CEO of parent-company Fox from 1984 to 1992, said at…

Concerns are mounting around the health of Europe’s commercial real estate market, with some investors questioning whether it could be the next sector to implode following last month’s banking crisis.Higher interest rates have increased the cost of borrowing and depressed valuations in the property sector, which in recent years reigned supreme amid low bond yields.Meanwhile, the collapse in March of U.S.-based Silicon Valley Bank and the later emergency rescue of Credit Suisse prompted fears of a so-called doom loop, in which a potential bank run could trigger a property sector downturn.The European Central Bank earlier this month warned of “clear signs…

Few women will be surprised to learn that even when wives earn about the same as their husbands or more, a new Pew Research Center study finds that they still spend more time on housework and child care, while their husbands spend more time on paid work and leisure. “Even as financial contributions have become more equal in marriages, the way couples divide their time between paid work and home life remains unbalanced,” Pew noted. So who’s earning what? Pew found that in 29% of heterosexual marriages today, women and men earn about the same (roughly $60,000 each). “Husbands in…

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Bitcoin and Ethereum, two of the largest digital currencies, have been making headlines lately as their values continue to rise. It has recently surpassed the $30,000 mark, while Ethereum, which is the second-largest cryptocurrency globally, has reached a multi-month high of $2,000.Ethereum (ETH) has experienced a surge in price following the successful execution of the Shanghai and Capella (Shapella) upgrades. This bullish sentiment has driven the price of Ether to reach a year-to-date high of $2,123 on April 14.The Ethereum decentralized finance (DeFi) ecosystem has experienced a 30% spike in daily fees as a result of the update, which has…

The Nintendo Switch is built for portability, which is great for gamers who want to play their favorite games on-the-go. But any device that you use often is going to pick up some wear-and-tear over time, especially if you’re constantly carrying it around with you. The Switch is no different.If you plan on traveling with your Nintendo Switch, or even leaving it outside its dock around the house, you’ll want to buy a protective case. A good Nintendo Switch case will keep your console safe and secure without compromising on its portability.We’ve picked out 13 of the best Nintendo Switch…

Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year, as president Joe Biden’s effort to spark a new industrial revolution gains momentum.The investment in semiconductor and clean tech investments is almost double the commitments made in the same sectors in the whole of 2021, and nearly twenty times the amount in 2019, according to data compiled by the Financial Times. While the FT identified four projects worth at least $1bn each in these sectors in 2019, there were 31 of that size after August 2022. There has been more than $40bn in…