Author: franperez66q@protonmail.com
Stocks soared to record highs again last week, capping off a banner month for the market. Investor optimism about an end to the Iran-U.S. war, a string of positive corporate earnings reports, and strength in technology stocks led to new records for the S & P 500 and Nasdaq Composite , up over 1% and more than 2%, respectively, during the holiday-shortened trading week. That brought the weekly winning streak for the S & P 500 to nine, while the Nasdaq has been up eight out of the past nine weeks. Friday also marked the last trading day of May, with…
New Jersey governor links rising tension around immigrant detention center to out-of-state troublemakers Source link
Josh Brown, one of Wall Street’s most recognizable financial advisers, said the rise of passive investing has created demand for a different kind of product: a concentrated portfolio aimed at capturing the market’s biggest winners. The CEO of Ritholtz Wealth Management and CNBC contributor recently launched Porterhouse, a separately managed account named after the premium cut of steak and built to hold what he considers the market’s best opportunities. The rules-based momentum strategy, run in partnership with Franklin Templeton, favors companies with strong earnings growth and persistent share-price strength.”Everybody’s got broad equity market diversification. It costs three basis points, one…
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate to sail through Hormuz if it remains under Iran’s de facto control, especially if they have to coordinate with the Revolutionary Guard, putting them at risk of violating U.S. sanctions. It is a scenario with consequences that are difficult to foresee given the vital role…
An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty ImagesBusinesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country.The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge’s order allowing all companies that paid the invalidated duties to seek refunds, not just those that…
Yum! Brands in exclusive talks to sell Pizza Hut to LongRange – Bloomberg Source link
Marc Bolland will advise on getting young people into work after a review warned of a “lost generation”. Source link
Micron Technology emerged as one of the most overbought stocks this week as the stock market rallied to new record highs. Stocks ended the week higher, boosted by gains in the technology sector and optimism over a ceasefire extension in the Middle East, and all three major market averages scored new intraday and closing records on Friday. Investors showed special love for several individual stocks this week, pushing them far into overbought territory. CNBC Pro used its stock screener tool to identify such stocks, based on their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70…
SoftBank to invest up to €75 bln in French AI data centers Source link
Shoppers enter and exit a Dior luxury boutique in Venice, Italy, on Nov. 16, 2025.Michael Nguyen/NurPhoto via Getty ImagesTravelers to Europe may be leaving money on the table when they buy goods there. I learned this during a recent trip to Italy. My girlfriend, who bought a pair of shoes in Venice, was able to claim a refund on the value-added tax she paid on the purchase. She ultimately got back 17 euros (US$20) on a total purchase of 155 euros (US$181). Refunds of value-added tax, known as VAT, can be worth a “chunk of money” for U.S. travelers to…