On a year-to-date basis, shareholders of the ProShares UltraShort Bloomberg Natural Gas ETF (NYSEARCA:KOLD) have seen quite a strong return, with shares delivering over 88% at the time of writing. While these returns have been very beneficial for long traders in the ETF, I believe that the tide is turning and that in the coming
Month: June 2020
Debentures vs. Fixed Deposits: An Overview Debentures and fixed deposits are two different ways of investing money through relatively low-risk financial instruments. A debenture is an unsecured bond. Essentially, it is a bond that is not backed by a physical asset or collateral. A fixed deposit is an arrangement with a bank where a depositor places money into
Almost a third of the world’s biggest brands will suspend spending on social media or are likely to do so, according to a survey of top advertisers that reveals the scale of the revolt facing platforms such as Facebook, Snapchat and Twitter. According to the World Federation of Advertisers, a trade body that covers 90
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
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading
In this segment of What’s Ahead, I examine why housing prices have risen far faster than personal incomes, thereby unnecessarily putting homeownership out of reach for millions of people. The two villains are increasingly severe land-use regulations and ever more protracted approval processes. California has led the way in both. In contrast, such states as
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
Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back from its deepest contraction in decades. ”We have entered an important new phase and have done so sooner than expected,” Powell said in remarks prepared for testimony before the House Financial Services Committee on Tuesday
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
Investment banking fees soared to a record $57bn in the first six months of the year, boosted by a series of lucrative debt sales as companies grabbed cash to tide them through the coronavirus crisis. Emergency financings by carmaker Ford, cruise line operator Carnival and aerospace and defence group Boeing were among the fundraisings that
Main Thesis The purpose of this article is to evaluate the iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) as an investment option at its current market price. I placed a buy rating on the fund a few months ago, and EMB has moved higher, along with the broader market, since that time. While
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
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
EY has told its partners how to prepare for difficult conversations with clients about its audits of Wirecard, the German payments company that has filed for insolvency after admitting that €1.9bn of cash probably never existed. In an internal note to senior partners on Friday, EY advised them to tell clients that the “objective” of
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
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.
Srichand Hinduja, left, and Gopichand Hinduja attend the TiE UK Awards 2013 at The Grosvenor House … [+] Hotel on March 18, 2013 in London, England. Dave M. Benett/Getty Images For close to five decades, the four Hinduja brothers, Srichand, Gopichand, Prakash and Ashok, have presented a united front to the world. The ownership of
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
It won’t feel like a short holiday week, as issuers expect to sell more than $7 billion of notes and bonds as the quarter and first half come to an end. IHS Ipreo estimates the June 29th week’s calendar at $7.2 billion, consisting of $6.8 billion of negotiated deals and $450 million of competitive sales.
Stock investors can be jumpy sorts. When a chief executive officer (CEO) leaves a company, they want to know why. When a new CEO comes in, they worry whether that’s going to be good or bad for the bottom line. Good or bad, it’s news, and news generally makes a stock more volatile in the
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
The market (NYSEARCA:SPY) just hit a speed bump by trying to rocket to the old high after a Covid-19 market crash. Everyone was amazed at the quick bounce-back in the market despite the enormous unemployment and the continuing bear market in the economy. The market was optimistically looking for a rare “V” bottom and a
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
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com. The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.” As stock market volatility continues Vivas,
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
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
Mid-cap stocks are the unsung heroes of the stock market, often holding their own against their large-cap counterparts. The S&P MidCap 400 Index has returned an average of 8.94% annually over the past 10 years. Mid-cap stocks likewise hold competitive advantages and greater financial resources than small-cap names. Investors seeking diversified mid-cap exposure may wish
Philippine regulators said they are investigating the local partner businesses of Wirecard in a probe that may finally map out the full extent of the south-east Asian country’s exposure to one of Europe’s worst accounting scandals. The investigation by the country’s National Bureau of Investigation and Anti-Money Laundering Council comes after the dramatic collapse of
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