Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.John Paulson, the founder and President of the hedge fund turned family office Paulson & Co., has been one of the most vocal supporters of former President and Republican nominee Donald Trump. He was also reportedly under consideration as the Treasury Secretary provided Trump succeeds in the upcoming election.The billionaire hedge fund manager first rose to prominence in 2008 after making nearly $15 billion by shorting the housing market, making him legendary on Wall Street.Check It Out:Paulson has long supported Trump and was one…
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Image source: Getty Images There are several UK stocks in my portfolio that I plan to hold beyond 2030. One such stock is InterContinental Hotels Group (LSE: IHG), which owns a number of well-known hotel brands including InterContinental, Kimpton, and Holiday Inn. As someone who likes to travel, I know this business pretty well. Just recently, I used some credit card points to stay at the InterContinental hotel in Barcelona and it was a fantastic experience. Multiple growth drivers As for why I’m planning to hold on to the stock for the long term, there are two main reasons. The…
Image source: Getty Images 2024 has been a terrific year for the stock market so far. Here in the UK, the FTSE 100 has delivered a 10.3% total return over the last nine months, and across the pond, the S&P 500 is up 22.2%! Both indexes have reached new all-time highs this year. But could this be just the tip of the iceberg? Both the Bank of England and US Federal Reserve central banks have now begun their interest rate-cutting programmes. Inflation has largely cooled off, and so now it’s time to spark growth in these leading economies. Rising optimism…
Ben Horowitz (right), Andreessen Horowitz partner talks about artificial intelligence and jobs at the TANIUM CONVERGE16 conference San Francisco.Harriet Taylor | CNBCLess than three months after announcing plans to contribute to political action committees supporting Donald Trump’s presidential campaign, venture capitalist Ben Horowitz says he’s donating to Vice President Kamala Harris’ election bid, CNBC has confirmed.In a letter to employees of venture firm Andreessen Horowitz, the tech investor said he and his wife, Felicia, have had a longtime friendship with Harris. Axios was first to report on the letter. A person close to the firm, who asked not to be named…
BEIJING (Reuters) – China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s beleaguered real estate market since late September, state media said on Saturday. Across the world’s second-largest economy, policies including reductions in down-payment ratios and mortgage rates have been introduced this year to support the property sector, which previously made up one-quarter of economic activity. During the week-long holiday period that started Tuesday, the number of house visits, which reflects a willingness to buy a home, increased significantly while sales of homes in many places rose to “varying…
Are You Rich Enough To Be In The Top 1%? Here’s Both The Income And Net Worth You Need to Rank Among The WealthiestThe phrase “the one percent” gets tossed around a lot in conversations about wealth and inequality, whether in politics, protests, or everyday chats. But what does it mean to be in the top 1%? Let’s break it down by income and net worth to get a clearer picture of who’s part of this exclusive group.Don’t Miss:What Income Puts You in the Top 1%?To be in the top 1% of earners in the U.S., a household must bring…
(Bloomberg) — The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni.Most Read from BloombergFurther policy easing would risk sparking inflation just as oil prices rebound and China seeks to jump start its economy, according to the founder of Yardeni Research Inc., who famously coined the “Fed Model” and the “bond vigilante.”The market prognosticator says the central bank’s September decision to lower rates by half a percentage point — a move usually reserved to tackle a recession…
Image source: Getty Images FTSE dividend stocks play a meaningful role in my investing strategy. They enable my portfolio to generate income, which I can choose to either spend or reinvest (acquire more dividend-paying shares). In October, I’m looking forward to investing more money in HSBC (LSE: HSBA). Here’s why. A high-yield dividend stock The global banking giant is offering a very attractive dividend these days. It has a yield of 7%, which is around double the FTSE 100 average. While no dividend is assured, the prospective payout looks well-covered. According to news sources, HSBC plans to sell its South…
(Reuters) – Hotel and casino operator Wynn Resorts (NASDAQ:) said on Friday it had been awarded the first commercial gaming operator’s license in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority. The Las Vegas-based casino firm said it was developing a luxury resort at Wynn Al Marjan Island in Ras Al Khaimah. The project, under construction, is a joint venture between affiliates of Wynn Resorts, Marjan and RAK Hospitality Holding, Wynn said. Ras Al Khaimah’s government communications office, RAKTDA, and RAK Hospitality Holding did not immediately respond to Reuters requests for comment. The UAE last month…
Audi’s upcoming A7, set to debut early next year as a 2026 model, will feature a high-performance RS 7 variant. Recently spotted testing in Spain, the RS 7 will be available in both wagon and sedan body styles. Unlike the previous generation, the new A7 will not have a liftback design in China. The A7, S7, and RS 7 will essentially replace the outgoing A6, S6, and RS 6, respectively. This confusion arises from Audi’s revised naming convention, which uses odd numbers for internal combustion vehicles and even numbers for electric vehicles. The RS 7 prototypes spotted in Spain showcase…