A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the […]
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Three investment buckets look best with global growth ‘peaking,’ $48 billion portfolio manager says
May is drawing to a close and the S&P 500 is inching its way back to record highs. There are lots of reason to remain optimistic heading into summer, according to Ben Kirby, co-head of investments and portfolio manager at Thornburg Investment Management, which has $48 billion assets under management. […]
Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office
Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping […]
AMC shares pop again Friday, as the Reddit favorite more than doubles in a week on huge volume
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Shares of AMC Entertainment jumped double digits in premarket trading on Friday as Reddit traders kept piling into the speculative name […]
Morningstar issues warning about thematic tech investing, popularized recently by Cathie Wood
Trevor Williams Thematic tech investing is exploding in popularity. Everyone wants to invest in funds that own clean energy, cybersecurity, electric vehicles, e-sports, robotics, 3D printing, and cloud computing. But watch out, Morningstar warns: The majority of these funds do not outperform the markets, have high fees, high failure rates, […]
Russian hackers launch major cyberattack through U.S. aid agency’s email system, Microsoft says
Annette Riedl | Picture Alliance | Getty Images The Russian hackers thought to be behind the catastrophic SolarWinds attack last year have launched another major cyberattack, Microsoft warned Thursday. Microsoft said in a blog post that the hacking group, known as Nobelium, had targeted over 150 organizations worldwide in the […]
Dow futures jump 170 points as stocks head for a winning week
Stock futures climbed on Friday and markets headed for a winning week, amid growing optimism over the U.S. economic recovery following strong labor market data. Futures for the Dow Jones Industrial Average gained 168 points, or 0.5%. The move pointed to an opening gain of about 185 points. S&P 500 […]
In the UK, cases of the Covid variant identified in India have doubled in one week
Hounslow, London, which has become one of the U.K.’s biggest hotspots for the variant of coronavirus first identified in India, on Thursday 27th May 2021. Tejas Sandhu | MI News | NurPhoto | Getty Images Cases of the Covid-19 variant first identified in India have more than doubled in England […]
Europe’s ports will need $7.9 billion of investment to support offshore wind expansion, report says
This photo shows wind turbine parts at a port in Ostend, Belgium. Philippe Clément/Arterra | Universal Images Group | Getty Images European ports will require new infrastructure and significant investment over the next few years to cope with the growth of the region’s offshore wind sector, according to a new […]
The U.S.-China rivalry could be constructive, doesn’t have to end in conflict, expert says
The U.S. and China relationship may focus on competition, but it’s possible for the Biden administration to handle that dynamic positively, according to an expert at a think tank. Scott Kennedy, senior advisor and trustee chair in Chinese business and economics at the Center for Strategic and International Studies, said […]