Investing

And then I said to Nixon, ‘A narcissist is someone better-looking than you are.’” We are still in the bar car but Gore Vidal is on his second Franciacorta and perhaps his fifth epigram. Over his gently rounded shoulder — those Neapolitan tailors — I see rural France career past the curtained windows. Or at

Peloton Interactive, Inc. (PTON) shares rose about 4% during Thursday’s session after Goldman Sachs reiterated its Buy rating and raised its price target to a Street high of $96.00 per share. Analyst Heath Terry cited channel checks showing net additions for the quarter, suggesting that the quarter could be well in front of consensus expectations.

With the greatest admiration and respect for Edwin Heathcote and the reasonable perspective he offers in his article (“Bland Ambition: How the Airbnb aesthetic, the global anonymous chic that makes Budapest look the same as Brooklyn, has crept into our own interiors”, House & Home, FT Weekend, August 22) I feel compelled to cast a

National Basketball Association playoff games will resume on Saturday after players ended a work stoppage in return for a commitment from the league to social justice measures including the conversion of stadiums into polling places in the 2020 presidential election. The agreement ends a protest that began on Wednesday when the Milwaukee Bucks refused to

If you can walk into a supermarket and find South American bananas, Brazilian coffee, and a bottle of South African wine, you’re experiencing the impacts of international trade. International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade,

Low-fi video clips of teenagers breakdancing and lip-syncing would seem to have little relevance to Walmart, the world’s biggest bricks-and-mortar retailer. Yet the Arkansas-based chain, better known for selling cereal, soap and shoes in the suburbs than for ventures in digital media, is preparing to invest billions of dollars in TikTok. Walmart is teaming up

The dollar retreated and a key portion of the US government bond market flashed inflation warning signs on mounting jitters that the Federal Reserve’s new policy framework could erode the appeal of US assets. Fed chair Jay Powell on Thursday revealed enhanced flexibility to allow the inflation rate to push past the central bank’s 2

Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance: To obtain a lower interest rate To shorten the term of their mortgage To convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or vice versa To tap into home equity

For a man who prides himself as a one-time broadcast star, Donald Trump hosted a surprisingly forgettable four nights of television. As a political event, the 2020 Republican National Convention stuck with the pre-pandemic tradition of set-piece speeches, most of which — including the president’s own meandering, Bill Clinton-length finale — offered tepid recitations of

France reported another post-lockdown record of new coronavirus infections on Thursday, recording 6,111 cases in the 24 hours, about five times the level of two weeks ago. Prime Minister Jean Castex responded by tightening precautions: face masks will be obligatory in Paris from 8am on Friday. The German government has imposed a minimum fine of

Collecting vintage or antique items is a growing hobby, especially with sites like eBay making finding and purchasing as easy as a few clicks of a mouse. Collections can also be passed down from generation to generation. You may have inherited your grandmother’s thimble collection or your father’s set of hand-carved tobacco pipes. Many collectors

CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic.  “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.”  The Fed earlier Thursday said it would be willing to

The US justice department has requested Covid-19 data from four states as it considers civil rights investigations into the deaths of nursing home residents. The department said it was requesting the data from New York, New Jersey, Pennsylvania and Michigan, citing orders in those states that required nursing homes to admit coronavirus-infected patients. Italy on

US stocks crept higher and Treasury yields rose on Thursday after Jay Powell, Federal Reserve chair, announced changes designed to give the central bank more flexibility on monetary policy. The S&P 500 closed up 0.2 per cent having set a new intraday high above 3,500 points. Ten-year US yields rose to 0.75 per cent, up

For aviation-minded investors with their heads in the clouds, there are plenty of investing options structured around the aviation and defense industries–if they’re open to the format. When it comes to mutual funds, the only aviation mutual fund that is directly targeted to the aerospace and defense sector is the Fidelity Select Defense and Aerospace

Military tension between Washington and Beijing is surging after China launched missiles capable of hitting US warships and military bases into the disputed South China Sea. The People’s Liberation Army on Wednesday “fired four medium-range missiles into [an] area between Hainan and the Paracel Islands,” said a US military official on Thursday. Another US military

The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously

Black athletes in US sports have led a boycott of games to protest against racial injustice and police brutality, in a show of player power that threatens a shutdown of America’s multibillion-dollar sports industry. The move was triggered when the Milwaukee Bucks pulled out a playoff match on Wednesday. The basketball team is based about

U.S. Bank, one of the country’s largest banks with a history dating to 1863, offers banking products to customers nationwide. The company has two, unsecured, fixed-rate personal loans for existing U.S. Bank customers. In this review we will focus on the U.S. Bank Personal Loan, as well as cover a few key details of the

Kevin Mayer has quit TikTok just months after becoming chief executive of the Chinese video app accused by the Trump administration of threatening national security, according to a letter to employees seen by the Financial Times.  Mr Mayer told employees at TikTok and ByteDance, which controls the app, of his decision to leave on Thursday,

A white supremacist charged with killing 51 people in terror attacks on two mosques in Christchurch last year will spend the rest of his life in prison, a New Zealand court ordered on Thursday. Brenton Tarrant, a 29-year-old Australian national, refused his right to address the court during a sentencing hearing, leaving a court-appointed lawyer

Small-Scale Long-Term Care Facilities: An Overview The market of long-term care facilities is changing to include more alternatives to the traditional, large institutional setting that many of us picture. Some providers are taking a different approach to the environment of long-term care using the “small home” model. Instead of multi-story buildings filled with long, bleak

EU trade commissioner Phil Hogan has resigned from his post following a furore over apparent violations of Covid-19 guidelines in his native Ireland. Mr Hogan, who occupies one of Brussels’s most powerful positions at a key moment for trade talks with both the US and China, plans to tender his resignation tonight. The European Commission

Mike Pence, the US vice-president, will take aim at Joe Biden, the Democratic presidential nominee, on the third night of the Republican National Convention, which will take place against the backdrop of escalating unrest in Wisconsin following two fatal shootings. Mr Pence is expected to defend the President Donald Trump’s handling of the coronavirus pandemic

S&P 500 short interest as % of market cap at 15-year low Energy lone sector with above average short interest Short sellers targeting fixed income ETFs on yield curve prediction The median S&P 500 stock short interest as percentage of market capitalization at the start of August was 1.8%, according to Goldman Sachs. Against the

HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds

Vanguard Group has said it will leave Hong Kong and plans to relocate staff from the territory to Shanghai, becoming the latest US firm to focus on the opening up of mainland China’s vast fund industry. The Pennsylvania-based company, which had $6.3tn in assets under management at the end of July, expects to make some

Provident Financial, the UK’s largest subprime lender, has said it is “cautiously optimistic” despite making a loss in the first six months of the year, because business has started improving more quickly than expected. Shares in Provident rose 17 per cent on Wednesday morning after the company predicted customer numbers would rise. Its loans are

One of the rules governing 529 savings plans—which parents typically use to help pay for a child’s college education—is that when the earnings on those contributions are not used for qualified education expenses, they are subject to taxes and a 10% penalty. Happily, it turns out there are a number of ways to avoid the

Gary Cohn, the former Goldman Sachs president and Trump administration adviser, joined Wall Street’s latest buyout fad as he moved to raise $600m through a listing of a blank cheque company. The well-known Wall Street executive has joined forces with Clifton Robbins, a former dealmaker at the private equity group KKR, to raise the money