The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely regarded as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corp. (MSFT), Facebook Inc. (FB), and Johnson & Johnson (JNJ). The S&P 500’s total return
Month: June 2020
Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters Check out the companies making headlines in midday trading. Micron — Micron traded more than 6% higher after the chip manufacturer posted better-than-expected results for the previous quarter. The company posted an
It’s possible to squeeze more yield out of the cash you are keeping on the sidelines. That’s important, because long gone are the days when you could earn even one percent from a money-market fund. In fact, yields consistently have been below 0.5% for the past decade; nowadays the average national money market fund yield
Forbes announced its first Impact 50 List in late 2019. What a difference six months makes. Impact investors are not just our canaries in a coal mine – they can shine a path forward that aligns our economic engines with our humanity. And there’s room for more investors and leaders on this road. I’m sitting
ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars. In many ways that Americans work to establish themselves financially — through the stock market, net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
The Federal Reserve is reviewing credit standards of its municipal short-term lending program, particularly for territories that are currently locked out of the program. That’s what Fed Chair Jerome Powell said during a House Financial Services Committee hearing Tuesday. Currently, eligible issuers in its Municipal Liquidity Facility program must have an investment grade rating of
The sharp rally we have seen across markets since the end of March is presenting a challenge to income investors. Yields across sectors are well below their highs during the March drawdown and CEF discounts have tightened making obvious bargains much more difficult to find. Add to this the fact that a number of states
Wirecard relied on a small number of customers for the majority of its genuine sales, according to an internal company spreadsheet that shows for the first time the real business behind the fintech group’s facade. The German payments company filed for insolvency last week after acknowledging that €1.9bn of cash probably did “not exist” and
The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies. The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company
Fidelity Management & Research is one of the largest, most recognizable mutual fund and brokerage providers in the United States. Edward Johnson founded the company in Boston in 1946, and today it is led by his granddaughter, chairman and chief executive officer Abigail Johnson. Fidelity services 32 million investors and 75 million customer accounts. A
Arizona has become the latest state to put its economic reopening into reverse, announcing it would immediately close all bars, gyms and cinemas in the face of one of the worst outbreaks of new coronavirus cases in the US. The executive order by Doug Ducey, governor, makes Arizona the third state in the US south
People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Spencer Platt | Getty Images Wells Fargo warned on Monday that it will likely cut its dividend after the Federal Reserve announced it would cap dividends for banks based on earnings. Wall Street analysts pointed to Wells Fargo as
Marriage makes financial sense. If you have a significant other who believes that getting married is more of a financial liability than a benefit, that mindset is more common than you’d think. Many people, largely confused by the long-held belief that married couples pay more in taxes than those who are single—the marriage penalty—have held
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines midday Monday: Southwest — Goldman upgraded shares of Southwest to buy from sell and raised its 12-month price
A professional walking through your home was once part of a redesign or a sale. Los Angeles Times via Getty Images There was a time, not so long ago, that measuring was the time-consuming element of design work. In these Corona virus-sensitive days, it is a fraught part of the process. Thanks to improved technology,
Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of the survey, which dates back to 2001. It beat expectations of a 15% gain. Sales
Pending home sales surged 44.3% in May, to an index reading of 99.6, the National Association of Realtors announced on Monday, but despite the record climb, pending sales trailed last year’s pace by 5.1%. The spike follows two months of declines (a 21.8% slump in April and a 20.8 slide in March) driven by the
ETF Overview I have written an article to analyze the Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) back in late 2019. Since the macroeconomic environment has changed dramatically in the past half year, it is time for me to write an article to evaluate the growth outlook of this fund again. The fund owns a portfolio
Gilead Sciences has said it will charge governments $2,340 for a course of remdesivir, a drug that has been shown to shorten recovery times in Covid-19 patients. The US biotech group said government healthcare programmes in developed markets globally would be charged a flat fee of $390 per vial for the drug. A five-day treatment
Known to millions as the Queen of Domestic Arts, Martha Stewart is a successful entrepreneur who built a media empire from scratch out of the old adage “there is no place like home.” During her pinnacle moments as a prominent media mogul, she found her name among the world’s wealthiest and powerful business leaders on the Forbes
If you are looking to predict the shape of the US economic recovery — be it V, W, L or even K — don’t look at the markets. Look instead at the small- and medium-sized businesses that represent 50 per cent of employment in the country. They are the best economic indicator in America right
A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and
The fine art market continues to boom. It seems that every day, another auction record is set for “the highest price ever paid [fill in artist’s name here].” So what does that mean for the painting you bought to match your sofa a few years back? It may increase in worth, or it may be
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
Brokers are seeing foreign buyers looking to scoop up real estate deals in Manhattan. Getty As the New York real estate industry navigates a new normal of slow sales and an oversupply of luxury listings, investment interest is coming from an unexpected place — Italy. Italian buyers, seeking a place to park their money as
A passenger walks through Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, April 29, 2020. Kevin Lamarque | Reuters Direction requests Data from navigation tool Apple maps
Still working to close a COVID-19 pandemic driven fiscal 2021 budget hole, Illinois’ largest county is projecting a $410 million gap heading into the next budget with tax hikes, job cuts, furloughs, reserve use and pension contributions all on the table to fill it. Cook County’s fiscal 2021 budget projection released Friday warns of a
Germany is to overhaul the way it regulates accountancy firms as it seeks “radical solutions” to contain the fallout from the huge fraud at payments group Wirecard. The government will terminate its contract with the country’s accounting watchdog, the Financial Reporting Enforcement Panel, as early as Monday, according to officials briefed on the matter. The
Housing choices are abundant, especially in urban areas, leaving many first-time homebuyers wondering which type of residence to buy. Each style of dwelling—condominium, townhouse, and detached home—has its pros and cons. Buyers should consider their lifestyles and budgets, as well as their level of desired involvement in home maintenance when deciding which style of home
The number of new daily coronavirus cases hit records in several US states on Saturday, as officials started closing venues they had recently reopened and workers demanded new safety protections. Florida’s cases increased by 9,636 to 132,545, the state’s health department said Saturday. The state, the third-largest in the US, reported 8,942 new cases on
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