Author: Press Room
The lack of diversification benefits of government bonds in 2022 was painful for multi-asset investors. The sell-off in US Treasuries in particular was sharp, and we saw correlations versus stocks move well into positive territory. But strong Treasury returns so far in 2023 have turned correlations negative. This has been a welcome dynamic for multi-asset investors, particularly those seeking income. A key driver was the sudden failures of Silicon Valley Bank and Signature Bank (OTC:SBNY), which sent investors fleeing to the perceived higher quality and stability of government bonds. US 10-year Treasuries were particularly popular, and their returns soared. From…
The chief of Holiday Inn owner InterContinental Hotels Group has warned that the UK stock market is “not a very attractive place” for listed companies and called on authorities to get on the “front foot” to arrest further decline. Several shareholders in the group, which has been listed in London since it demerged from pubs business Mitchells & Butlers two decades ago, asked at an investor roadshow last month whether it had any plans to switch its primary listing to the US, IHG chief executive Keith Barr told the Financial Times. The group has a secondary listing in New York.…
This is what it means to serve and protect in a nation awash in guns. Harrowing, yet humbling, body camera footage of two Louisville officers who rushed into gunfire in Kentucky on Monday shows the demands placed upon police who respond to America’s proliferating mass shootings and the terrible price they may pay. Video of what is effectively a street battle more akin to a foreign war zone than a US city basking in the morning sunshine offers a visceral antidote to the collective national shoulder shrug that often follows gun massacres. This is a raw, frightening scene, laced with…
Depending if an investor is a Tesla bull or Tesla bear, Elon Musk’s pricing strategy is either a stroke of genius or a disaster starting to unfold. Tesla (ticker: TSLA) bulls and bears rarely see eye to eye and typically have vastly different interpretations of the same data point. Bulls and bears, however, might be able to both acknowledge that Tesla’s pricing strategy is unprecedented. Both sides might be wrong about that. Tesla has cut prices around the globe several times in the past few months. The most notable cuts came in mid-January when Tesla dropped U.S. prices for its…
All of the large cryptocurrencies were up during morning trading on Tuesday, with Cardano Cardano USD seeing the biggest change, rallying 4.92% to 41 cents. Bitcoin Bitcoin USD increased 3.88% to $30,271.00, while Polkadot Polkadot USD increased 3.78% to $6.45. Litecoin Litecoin USD and Bitcoin Cash Bitcoin Cash USD climbed 2.88% to $95.26… Read the full article here
The deep uncertainty that the COVID pandemic created in the workforce hasn’t waned. U.S. workers are struggling with inflation, burnout, and fresh waves of layoffs. This comes as people expect more from employers — more leadership, more urgency, more action, and better jobs. The public’s perspective is clear and consistent: companies need to prioritize their employees. In today’s unstable economic climate, worker wages and treatment are more important to Americans than ever. When… Read the full article here
U.S. stock indexes closed mostly lower on Tuesday as investors cautiously looked ahead to March inflation data due Wednesday that could help determine the Federal Reserve’s next interest-rate move. Corporate earnings reporting season also is set to kick off in earnest on Friday. How stock indexes traded On Monday, the Dow Jones… Read the full article here
© Reuters. After-hours movers: HEXO, Tilray fall on merger deal After-Hours Stock Movers: Hexo Corp (NASDAQ:) 23% LOWER; entered into a definitive arrangement agreement with Tilray for a transaction whereby Tilray will acquire all of the issued and outstanding common shares of Hexo. Kura Sushi USA Inc (NASDAQ:) 7% LOWER; commenced an underwritten public offering of 1,100,000 shares of its Class A common stock. All shares of Class A common stock are being offered by the Company. Tilray Inc (NASDAQ:) 6% LOWER; entered into a definitive arrangement agreement with Hexo Corp for a transaction whereby Tilray will acquire all of the issued and outstanding…
(Reuters) – Advocacy groups are suing the U.S. Federal Emergency Management Agency (FEMA), saying it is incorrectly ignoring renewable energy sources while using billions of dollars in congressional funding to rebuild Puerto Rico’s power grid. The Center for Biological Diversity and nine Puerto Rican community groups say FEMA is making Puerto Rico less resilient to storms and more likely to experience widespread power outages by restoring its older fossil fuel-powered systems without assessing potential environmental impacts. In a news release, the alliance of advocacy groups said the lawsuit “challenges FEMA’s failure to consider rooftop solar, storage and other forms of…
(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve’s aggressive interest rate hikes were cooling the economy. “This week’s data flow is consistent with our view that the U.S. economy slowed steadily over the course of 1Q 2023,” BofA economists wrote in a note dated Friday and emailed Monday. “As a result, the hand-off to 2Q looks weak. We see meaningful risks of a contraction in GDP in 2Q.” BofA pointed to data from April 3 showing…
