Author: Press Room

Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier. “Southwest’s poor execution and leadership’s stubborn unwillingness to evolve the company’s strategy have led to deeply disappointing results for shareholders, employees and customers alike,” said the statement from the firm. “Southwest’s rigid commitment to a decades-old approach has inhibited its ability to compete in the modern airline industry.” The letter pointed out that Southwest’s share price is down more than 50% from early 2021 and now trades at a price lower than its…

I last mentioned The Mosaic Company (NYSE:MOS) in November here, as having the potential to witness better product pricing and sales during the upcoming North American crop planting season. While the usual seasonal bottoming pattern in Mosaic’s stock price did exactly play out, the -20% quote decline into June has opened a whole new level of “value” for long-term investors. Based on a large variety of raw statistics, MOS may now be one of the cheapest larger capitalization agriculture-related names focused on grains/crops you can own in June 2024. And, after a steady -65% price drop from the first part…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.President Emmanuel Macron stunned France on Sunday when he called snap parliamentary elections after his centrist alliance was trounced by Marine Le Pen’s far-right movement in a European parliamentary vote. Exit polls showed the Rassemblement National (RN) secured around 33 per cent of the vote compared to 15 per cent for the French president’s centrist alliance, a stinging blow to Macron.“For me, who always considers that a Europe united, strong, independent is good for France, this is a situation which I cannot…

Homeland Security Secretary Alejandro Mayorkas on Sunday pushed back on criticism of President Joe Biden’s new executive action restricting asylum while calling on Congress to take action on the border. “It’s early, the signs are positive. Our personnel have done an extraordinary job in implementing a very big shift in how we operate on the southern border,” Mayorkas said on ABC’s “This Week,” noting that implementation of the new policy — announced last Tuesday — has only just begun. The executive action — which bars migrants crossing the border illegally from seeking asylum, with some limited exceptions, once an average…

The opportunities for financial advisor education have improved so dramatically in the past 25 years. When I graduated from college with a generic business and finance degree, only a couple of mainstream colleges were known for doing anything with financial planning and virtually no degree programs were available. Now, more than 200 degree programs are available at the bachelor’s, master’s, and even doctoral levels. The CERTIFIED FINANCIAL PLANNER™ designation was a thing back then, but today, there are many more (and better) paths to satisfy the education requirement, and the number of CFP® practitioners has almost tripled. While the vast…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.000% as of May 13, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is also unchanged from Friday.  With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Former President Trump is scheduled to sit for a virtual interview on Monday with a New York City probation officer from his home at Mar-a-Lago with his attorney Todd Blanche at his side after he was found guilty on all counts in the hush money trial against him last month, three sources familiar with the matter told NBC News.Trump, the presumptive Republican presidential nominee, was convicted last month on all 34 felony counts of falsifying business records in the historic case. The probation interview is required by the court as part of the former president’s pre-sentencing report.Judge Juan Merchan, who is presiding over the…

When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the inception, you can go either way. You can detect a pattern that points to an absurdity, let’s say a warning about a two-track bias, one with light volatility and the other with craziness. Or perhaps a simple jeremiad flagging a dangerous oddity of mega-caps versus non-mega-caps that bemoans, or worse, causes worry that might tempt people to “get out…

Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given Musk in 2018. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. And his board is threatening if they don’t do so, they won’t get the attention they need from Musk to…

By Lynn Song Weak confidence continued to drag growth China saw a mixed bag in terms of data releases over the past month, but most indicators came in weaker than market forecasts. The key theme for the month was both the private sector and households remaining cautious. Credit data showed that aggregate financing declined for the first time since 2005, and M2 growth also fell to record lows. After a strong 2023, credit contracted sharply in 2024. Our view is that real interest rates remain too high for the current state of the economy, and believe there are rising odds…