State and local governments are using pension funds to funnel money from middle-class taxpayers to fund managers, new report says.
Deep Dive: 15 value-stock picks for momentum investors from a money manager who has outperformed the S&P 500 for 30 years
These stocks all pass The Prudent Speculator’s value screens, are rated a “buy” under the newsletter’s methodology and have been soaring since the end of May.
Market Extra: China ETFs jump as overseas investors flock back to Chinese assets after Beijing vows more measures to boost economic recovery
China-related ETFs continued to surge on Tuesday after Beijing pledged to ramp up stronger stimulus measures to bolster the country’s stumbling economic recovery, lifting bullish sentiment as foreign investors were injecting more money into Chinese equities despite low growth in the first half of 2023.
The Margin: Paris 2024 Olympic torch revealed: New torch made of recycled steel to reduce carbon footprint
The 2024 Olympic torch was inspired from three major themes: equality, water and peacefulness.
The Moneyist: I fell victim to an online dating scam. I’m $27,000 in debt. ‘Without commenting on my obvious stupidity, how do I recover from this?’
‘Where can I even start? Should I file for bankruptcy?’
: Larry Summers warns Biden’s economic agenda is ‘increasingly dangerous’ and ‘inflationary’
Former U.S. Treasury Secretary Larry Summers continues to criticize President Joe Biden’s economic policies
: Biogen to slash 1,000 jobs as it looks to save $700 million
Biotech giant’s cost-cutting effort comes amid the launch of its Alzheimer’s treatment, Leqembi.
The Ratings Game: Meta’s stock picks up an upgrade ahead of earnings — but AI is the biggest driver
It isn’t lost on New Street Research analyst Dan Salmon that he’s upgrading shares of Meta Platforms Inc. a day before the company is due to report earnings.
Earnings Outlook: AbbVie turns to newer immunology drugs as blockbuster Humira faces lower-cost competition
Investors look for signs that Skyrizi, Rinvoq can take the baton as Humira sales falter
Metals Stocks: Gold prices finish higher as traders await Fed decision
Gold futures finish higher on Tuesday, recouping some of the losses that pulled prices in the previous session to their lowest in a week, ahead of Wednesday’s Federal Reserve interest rate decision and ECB and Bank of Japan meetings this week.
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