Odd Lots: Ariel Investments’ John Rogers on How You Can Still Win With Value InvestingThese days, if you talk to people about the stock market, they might talk to you about the effect of the Fed. Or they’ll talk about the Mag 7 and AI capex spend. Or they’ll extoll the virtues of passive, low-cost investing. It seems like you hear less and less about the art of security selection: Finding cheap diamonds in the rough that have been overlooked by other investors. But some people are still keeping that world alive. John Rogers is the founder and co-CEO of…
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The Federal Reserve kicked off its much-anticipated easing campaign this week — its first in four years — which means cheaper rates on most kinds of consumer loans, including auto loans and mortgages. It also means lots of talk from the experts about “normalizing the yield curve” in the bond market — meaning getting back to a setup where bonds with longer maturities yield higher rates than those with shorter-term maturities. The most important thing to understand is that the shape it takes in the coming months and years will have massive implications for both Main Street and Wall Street. The…
The Renault Estafette, once a humble delivery van, has undergone a stunning transformation. No longer a mere utilitarian vehicle, it’s now a stylish and fascinating concept car that blends retro charm with modern technology. The Estafette name, synonymous with Renault’s commercial vehicles since 1959, has been revived to represent a new era of electric transportation. With its iconic design, innovative features, and impressive performance, the Estafette concept has the potential to redefine what we expect from a delivery van. The original Estafette, known for its distinctive round headlights and sliding doors, was a pioneering vehicle in its time. Now, the…
Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB), a special purpose acquisition company, announced on Friday that its stockholders have approved an extension of the deadline to complete a business combination from September 19, 2024, to October 19, 2024. This extension allows the company additional time to finalize a merger or similar business combination. The decision was made during a special meeting of stockholders held on Thursday, where a quorum of 538,506 shares was present. The amendment to the company’s charter was passed with 517,796 votes in favor and 20,710 votes against. There were no abstentions or broker non-votes recorded. As a…
Toyota’s recent breakthrough in resolving the side curtain airbag issue is a significant step forward for the company. The faulty airbags, which led to a production and sales halt for the Grand Highlander and Lexus TX SUVs, have been a major concern for both Toyota and its customers. However, the successful implementation of a remedy ensures that these popular models will once again be available to the public. The automaker’s commitment to safety and quality is evident in their diligent efforts to address this critical issue, and the resolution is a testament to their engineering expertise and dedication to customer…
In a remarkable display of market confidence, Houlihan Lokey (NYSE:) Inc’s stock has surged to an all-time high, reaching a pinnacle of $160.64. This significant milestone underscores a period of robust growth for the global investment bank, which has seen its stock value skyrocket by an impressive 49.6% over the past year. Investors have rallied around the firm’s strong financial performance and strategic acquisitions, propelling the stock to new heights and marking a standout moment in the company’s trading history. In other recent news, global investment bank Houlihan Lokey has reported a robust start to its fiscal year 2025, with…
A millennial couple shares how they’ve grown their net worth from $100,000 to over $700,000 in the last six years.Brian DavisA millennial couple grew their net worth to over $700,000 from $150,000 in 2018.Living abroad and only spending one of their incomes, which is $50,000, helped boost their finances.Brian Davis shared why his goal isn’t to retire early but to pursue his dream work.About two decades ago, before he’d ever heard of the FIRE movement, Brian Davis decided to pursue financial independence and an early retirement.He began investing his savings in rental properties, thinking that if he owned enough of them, he’d…
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks dipped on Friday, as investors paused after a strong rally in the prior session that was fueled by an upsized interest-rate cut by the Federal Reserve. After notching their biggest daily percentage gains since mid-August, the and the Dow held close to record highs and, along with the Nasdaq, were poised for weekly gains of at least 1%. Stocks briefly pared losses after comments from Fed Governor Christopher Waller increased expectations the central bank will cut interest rates by 50 basis points at its November meeting, having just cut by 50 bps…
Nuclear power stocks are glowing green on Friday, and they have Constellation Energy (NASDAQ: CEG) to thank for it. This morning, the electric utility giant announced it will restart Unit 1 at the infamous Three Mile Island nuclear power plant to provide electricity to power Microsoft (NASDAQ: MSFT) data centers.Nuclear power stocks are surging in response to the news. As of 10 a.m. ET, Constellation stock itself is up a strong 14.4%, while nuclear upstarts NuScale Power Corporation (NYSE: SMR) and Nano Nuclear Energy (NASDAQ: NNE) have gained 13% and 15%, respectively, and tiny Oklo (NYSE: OKLO) is leading the…
PayPal Ventures has announced an additional investment in Chaos Labs, a company providing blockchain risk management. A Friday (Sept. 20) press release announcing the move did not report the amount of the investment. “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain,” Amman Bhasin, partner at PayPal Ventures, said in the release. “Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.” Edge…