It looks like small caps were the winning trade following the Federal Reserve’s supersized rate cut on Wednesday . In the first full trading session since the central bank’s move, the iShares Russell 2000 ETF (IWM) that tracks stocks with small market values climbed about 2%. With that, the fund has climbed 3.1% this week and 10.2% in the third quarter alone, double the return of the S & P 500 in each period. But Wall Street is already doubting whether the small cap run will continue. IWM 1D mountain IWM, 1-day The conventional wisdom is that rate cuts disproportionately…
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Kids Facing ‘Sudden Wealth Syndrome’ As Harris’ Rise Has Parents Worried, Racing To Transfer Billions To Kids Before A 2025 Benefit ExpiresA significant tax incentive is scheduled to expire in 2025, with many wealthy parents rushing to transfer their assets to their children as Kamala Harris gains ground in the polls ahead of the 2024 presidential election. This rush, however, has sparked new concerns over the emotional toll of sudden wealth on children – a phenomenon known as “sudden wealth syndrome.”Don’t Miss:What’s Happening?Currently, individuals can transfer up to $13.61 million tax-free to family members, while couples can transfer up to…
Silexion Therapeutics Corp (NASDAQ:SLXN), a company specializing in biological products, announced the immediate resignation of board member Ilan Shiloah on Monday. Shiloah, who joined the board following the company’s business combination transaction on August 15, 2024, cited the decision to step down was due to competing time demands and was not related to any disagreements with the company’s operations, policies, or practices. Shiloah’s departure from the Cayman Islands-based firm, which also trades warrants under the ticker (NASDAQ:SLXNW), leaves vacancies on the audit, compensation, and corporate governance and nominating committees where he served. His tenure on the board was brief, having…
U.S. stocks traded higher this morning, with the Nasdaq Composite surging more than 400 points on Thursday. Following the market opening Thursday, the Dow traded up 1.44% to 42,100.00 while the NASDAQ rose 2.30% to 17,976.85. The S&P 500 also rose, gaining, 1.65% to 5,710.85. Check This Out: Alphabet, McDonald’s And 2 Other Stocks Executives Are Selling Leading and Lagging SectorsInformation technology shares jumped by 2.7% on Thursday. In trading on Thursday, utilities shares fell by 0.1%. Top Headline U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to…
Federal prosecutors indicted an ex-Gary Police Commander Thursday for having a sexual relationship, then coercing a minor to send an explicit picture to his iPhone.James W. Bond, 52, is charged with Sexual Exploitation of a Minor, Receipt of Child Pornography, and Possession of Child Pornography, according to a release from Acting U.S. Attorney Morris Pasqual.He faces up to 60 years in prison.Bond was arrested Thursday. He was scheduled to appear in federal court Thursday afternoon before U.S. Magistrate Judge Abizer Zanzi in the U.S. District Court in Hammond.He quit the force on Aug. 19, according to Gary Police Spokesman Captain…
ABUJA (Reuters) – Coca-Cola (NYSE:) plans to invest $1 billion in its Nigeria operations over the next five years, the country’s presidency said after a meeting between President Bola Tinubu and senior executives of the soft drinks maker on Thursday. Tinubu met John Murphy, president and chief financial officer of Coca‑Cola, Zoran Bogdanovic, CEO of Coca-Cola HBC – one of Coca-Cola’s many bottlers worldwide – and several other company officials as he seeks to attract investment into the economy. Bogdanovic told Tinubu that Coca-Cola had since 2013 invested $1.5 billion in Nigeria to expand its production capacity, improve its supply…
China’s NIO Says 40% Of Its Store Managers Are Ex-TeslaNIO Inc. (NYSE:NIO) shares are trading higher on Thursday. Nio’s Onvo currently has 180 store managers in China, with 40% hailing from Tesla, Inc. (NASDAQ:TSLA) and 27% from Li Auto (NASDAQ:LI), according to Xia Qinghua, head of Onvo’s user and service operations, CnEV Post reports.The competition stories between NIO and Tesla is not new! Earlier this May, NIO reportedly reached an agreement with larger competitor BYD Co., Ltd. (OTC:BYDDY) to obtain batteries for a new EV brand positioned in a lower price range, targeting competition with Tesla, according to a Reuters…
Image source: Getty Images When it comes to passive income investing, high dividend yields can certainly catch the eye of income-hungry investors. Man Group (LSE:EMG), a global investment management firm, is currently offering a juicy 6% dividend yield. But is this FTSE 250 company a no-brainer? Let’s dive into the details and see if this opportunity is as good as it looks on the surface. A financial giant First, let’s talk about what the firm does. As one of the world’s largest alternative investment managers, the company offers a range of quantitative and discretionary investment strategies. With a market cap…
By Medha Singh and Noel Randewich(Reuters) – While former U.S. President Donald Trump has said he will not sell his $1.7 billion stake in Trump Media after restrictions likely expire on Thursday, other insiders could soon cash in their gains.Trump Media & Technology Group is 57% owned by the Republican presidential candidate who told reporters last Friday that he does not plan to sell his shares.Other major stakeholders who could soon sell their shares include United Atlantic Ventures and Patrick Orlando, whose fund, ARC Global Investments II, sponsored the blank-check company that merged with Trump Media in March. The two…
The sign on the gate in a backwater of Cambridge, England warns of “dogs running free.” Beyond it is a rambling garden on the River Cam and scattered dachas. It feels like a retreat — and for its owner James Orr and his close friend JD Vance, it has served that purpose.Orr is a religion professor and a founder of the U.K.’s National Conservative movement, and in an interview with POLITICO’s Power Play podcast, described how he had forged a bond with the Republican vice-presidential contender.Vance enjoyed Orr’s company so much when they met at conferences, that he visited on vacation…