Author: Press Room
Watch full video on YouTube
Halfway there! Dan DeFrancesco in NYC, and I’m amazed the Italian government wants to pass a law allowing them to fine people for mispronouncing words like “bruschetta.” Mamma mia! Just wait until they hear how people over here say “mozzarella.” I still need questions for the upcoming reader mailbag. Drop any Wall Street (or non-Wall Street) questions you have for me here. (No email needed!) One caveat: Please no personal finance questions. I’m not a financial advisor. Today, we’ve got stories on Jamie Dimon’s annual shareholder letter, why parking lots ruined the economy, and what you should buy next time you’re at Trader…
Twitter added a “US state-affiliated media” label to NPR’s account on Tuesday. The description is usually reserved for outlets like Russia Today and Xinhua in China. NPR reported Thursday that Elon Musk told the outlet the tag might be an error after learning more about the outlet. 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 Twitter CEO Elon Musk said the company may have made an error in adding a “US state-affiliated media” label on NPR’s Twitter account, a description usually reserved for accounts…
Co-produced with PendragonY When you have a diversified portfolio, not every position will experience good times at the same time. That also means that not every position will be experiencing bad times at the same time. A well-diversified portfolio means that your portfolio will always have relative outperformers and underperformers at any given time. Last year was a very tough year for fixed income, and so far, this year hasn’t been much better. Many fixed-income funds experienced distribution cuts, including one we hold, Flaherty & Crumrine’s Dynamic Preferred & Income Fund (NYSE:DFP). With dozens of dividend hikes last year, why…
The writer is emeritus professor of international studies at Simon Fraser UniversityMichael Lipton, who has died aged 86, was an economist who dedicated his career to understanding and solving the problem of poverty in low-income countries. For him, this very often meant the development of small-scale, peasant farming.Lipton was committed to rigorous empirical investigation, and was unusual among economists of his generation in having undertaken field research in a village in western India for eight months. His great contribution to his discipline was recognised in 2012, when he was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought.…
Ocasio-Cortez: Ruling would ‘essentially institute a national abortion ban’ Democratic Congresswoman Alexandria Ocasio-Cortez tells CNN’s Dana Bash that “we are in extremely dangerous territory” if a Texas judge’s ruling to revoke FDA approval for a key abortion pill is upheld by higher courts. Read the full article here
OPEC showed it still matters in oil markets this past week, pushing crude prices up more than 5% by announcing a one million barrel-a-day output cut. Its core Middle Eastern members increasingly count in equity markets, too. Saudi Arabia entered MSCI’s global emerging market indexes in June 2019. Since then, the iShares MSCI Saudi Arabia exchange-traded fund (ticker: KSA) has gained 20% while global emerging markets are flat. That’s not just about oil. Six of the top 10 Saudi stocks are banks, which benefit from a large base of zero-interest deposits thanks to Islamic Sharia law. Most of their assets…
As the pandemic has faded, so has the dominance of many sectors that surged during lockdowns, from streaming to grocery delivery. Now comes the latest victim: skin care. For the first time since 2020, teenagers are spending more on cosmetics than on skin care, according to Piper Sandler ‘s semiannual “Taking Stock With Teens” survey. According to the report, teen women said they are spending about $123 a year in makeup, compared with $119 in skin care. A year ago, teenagers were spending more on skin care than makeup, at $107 and $93, respectively. Makeup spending decelerated across all age…
My husband and I have three wonderful college-aged kids and have always gotten by on our own, despite major life struggles. We have saved $500,000 for retirement, but have only managed to pay off $200,000 of our home. Five years ago, my wealthy father offered to help with our children’s education, which was a pleasant surprise. He retired with approximately $8 million to $10 million, which includes his real-estate and property portfolios. His home and cars are paid outright. He had asked if we would like help now or in five years when his land investment matured. He seemed to…
While the stress in the banking sector made it hard to know what was the appropriate interest-rate policy, another one-quarter-percent rate hike seemed reasonable, Boston Fed President Susan Collins said Thursday. “I currently anticipate some modest additional policy tightening and then holding through the end of this year,” Collins said, in a speech to a National Association for Business Economics conference. Collins’ position matches the median forecast of Fed officials in their latest economic projections released last week. Collins said this forecast on one rate hike and then steady rates until 2024 “reasonably balances the risk of monetary policy not…
