In 1924, the seminal macro -economist, John Maynard Keynes, called the gold standard (and by proxy gold) “a barbarous relic”. Why then, 95 years later, can’t I go 30 minutes without a bullish view on gold or a “buy gold now” commercial on business TV? Because for 3,000 years gold has been the ultimate currency,
Month: August 2019
In normal times, the U.S. Treasury market could be described as “stable,” “reliable” or even “boring.” August, however, was not normal. Long-term government debt yields in August posted one of their most dramatic downswings in recent memory as a surge in global demand for bonds forced prices up and rates down. The benchmark 10-year Treasury
Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. Brendan McDermid | Reuters Check out the companies making headlines midday Friday: Campbell Soup — Shares of Campbell Soup soared more than 8% on Friday after
Summer’s coming to a close, and that means the streaming wars are about to get a lot more real. Apple released a trailer for “The Morning Show,” one of the big series slated to hit its Apple TV+ service this fall. Disney just gave us more details behind its slate of shows for the Disney+
Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly
You work hard for your money. Use these simple tips to maximize your investment returns. Getty If you want to get ahead of the financial curve, you will need to invest your money. And because you work hard for your money, you want to ensure you maximize your returns. These five tips can help you
Being a real estate agent around Los Angeles can be great fun — but also a great challenge. As you can imagine, the types of houses, prices and lifestyles vary broadly from Beverly Hills to Malibu to Santa Barbara, especially when I work with clients in the sports and entertainment industries who demand privacy and
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column takes up suspending at full retirement age after filing early, when it’s possible to reinstate a retirement benefit after suspending it, fishy claims about eligibility to tens of thousands of
Despite recent recession fears and yield curve inversions, the bull market should live on until early 2021, analyst Tom McClellan said Thursday on CNBC’s “Closing Bell. “ “Everyone needs to just keep their pants on for now and realize that the yield curve gives a really long early warning about trouble,” said McClellan, editor of the
A customer walks into a Dollar General store near Montpelier, Vermont. Adam Jeffery | CNBC Dollar General raised its full-year forecasts for sales and profit on Thursday as the discount store chain benefits from a wider selection of merchandise and store renovations, sending it shares up 8% before the bell. The outlook as well as
Former New York Fed President Bill Dudley‘s push for the central bank to consider the 2020 election when crafting monetary policy is “grossly irresponsible” behavior, economist Larry Summers told CNBC on Thursday. Dudley, in a Wednesday post on Bloomberg, suggested the Federal Reserve could, and should, try to sway the election against President Donald Trump.
Andrew Bret Wallis | DigitalVision | Getty Images You’ve just landed back in the U.S. after a 10-hour overseas flight. You’re jet-lagged, hungry, weighed down with overstuffed carry-on and duty-free bags, and in desperate need of a shower. How could things get any worse? Try the endless line snaking up to passport control. You can
FILE- In this Monday, March 25, 2019, file photo, Jennifer Bailey, vice president of Apple Pay, speaks about the Apple Card at the Steve Jobs Theater during an event to announce new products in Cupertino, Calif. Apple is hoping a credit card will entice more iPhone owners to use Apple Pay. (AP Photo/Tony Avelar, File)
City, Smart City, Defocused, Internet of Things,japan,tokyo Getty Editor’s Note: The original article was published in the August issue of Forbes Real Estate Investor. Written by Benjamin Morton, head of global infrastructure and senior portfolio manager at Cohen & Steers; Humberto Medina, CFA, vice president senior research analyst; Thomas Bohjalian, CFA, head of U.S. real estate
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column discusses whether early retirement benefits will reduce widow(er)’s benefits taken later, potential benefits for younger single parents, effects of earnings $1,000,000, effects of suspending a retirement benefit and income with
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles. AP Photo | Richard Vogel Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. The companies have been
Best Buy shares fell 6.5% after its second-quarter revenue and same-store sales growth missed analysts’ expectations and upcoming tariffs on the company’s core products weigh on the stock. Investors were pessimistic Thursday morning, focusing on both the sales miss and a narrower estimate for same-store sales, driven by disappointing sales in Canada. However, the company
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
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