With a Federal Reserve rate cut looming, investors might have to look to riskier parts of the bond market to keep their income levels steady. Columbia Threadneedle is one of the firms that thinks the high yield sector of the bond market is an area where active management can make a difference. The firm launched two high yield ETFs on Thursday, aimed at different sections of the high yield market: the Columbia U.S. High Yield ETF (NJNK) and Columbia Short Duration High Yield ETF (HYSD) . Marc Zeitoun, head of North America product and business intelligence at Columbia Threadneedle, said…
Author: usaeverydaylife
We have an embarrassment of riches when we look at TJX Companies and Costco in terms of just flat-out value — and a dicey one, admittedly, in Best Buy , which I think has turned an important corner. TJX Companies I fear sometimes that we overstayed our welcome in off-price retailer TJX. But every time we do a check in, I realize that the company behind T.J. Maxx, Marshalls, and HomeGoods is just crushing it, and you don’t leave the stock of a company that is doing that well. Costco Research firm Redburn downgraded Costco this week, which made me…
GOP V.P. Candidate J.D. Vance speaking on CNBC’s Squawk Box on Sept. 12. 2024.CNBCRepublican vice presidential nominee JD Vance made a dubious immigration claim Thursday as he blamed Vice President Kamala Harris for failing to prevent more undocumented immigrants and asylum seekers from entering the United States.Vance, the Ohio senator and running mate to former President Donald Trump, said on CNBC’s “Squawk Box” that the Democratic presidential nominee “has flooded the country with 25 million illegal aliens.”But Vance’s figure wildly inflates the facts, according to data from U.S. Customs and Border Protection and estimates from government agencies and other organizations…
In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Justin Sullivan | Getty ImagesAmazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday.The wage increase is part of Amazon’s $2.1 billion investment this year into its delivery service partner program, which are the legions of contracted firms that handle last-mile delivery of packages from the company’s warehouses to shoppers’ doorsteps. The company’s announcement comes as it faces a renewed unionization effort among its contracted…
Caitlin Clark: Raising the Game A commemoration of Caitlin Clark’s meteoric career at Iowa and evaluation of the start of her WNBA rookie season. A commemoration of Caitlin Clark’s meteoric career at Iowa and evaluation of the start of her WNBA rookie season.BuyDuring a hellacious stretch to begin the regular season, as Indiana played 11 games in 20 days — six of them against semifinalists in the 2023 postseason — Fever coach Christie Sides tried to find the silver linings. Even before Indiana had broken through to win one game, Sides took the long view, believing the struggles early would…
Whether something looks like a good investment is a relative thing. The Technology Select Sector Index, which the ETF ‘XLK ‘ tracks, is down about 9% since the all-time high on July 10. The total return year-to-date is 13%, trailing the total return for the market by nearly 4%. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only…
Julie Hedrick, president of the Association of Professional Flight Attendants (APFA), right, announces a strike authorization outside Dallas-Fort Worth International Airport (DFW) near Dallas, Texas, on Wednesday, Aug. 30, 2023.Shelby Tauber | Bloomberg | Getty ImagesAmerican Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October.Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed.”This contract marks a significant milestone for our Flight Attendants, providing immediate wage increases…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyThe Federal Reserve is almost certain to start its rate-cutting cycle next week.Historically, a rate cut has been a signal for central banks in emerging markets, like India, to follow by easing monetary policy in their regions.However, this time, it’s likely to be different.When will India cut rates?The latest data shows that the inflation rate appears to be heading in the wrong…
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesAirlines are reporting better unit revenues for the tail end of summer, a sign customers will continue to have to shell out more to fly in the coming months.Alaska Airlines on Thursday raised its third-quarter profit forecast to a range of $2.15 to $2.25 per share from a previous outlook of no more than $1.60 per share. It also said it expects unit revenue to rise by as much as 2% after previously estimating flat to “positive” unit revenue growth…
As fires intensify in the western United States, utility companies are on the front lines, working to protect the power lines that serve millions of customers. And as the frequency of fires and severe storms increases, so does the amount of technology that utility companies use to keep things running.The U.S. has roughly 5.5 million miles of power lines on more than a quarter billion poles surrounded by even more trees, and keeping a human eye on all of it is impossible.That’s why artificial intelligence is taking the lead.Enter new software companies like Pano AI, Satelytics and California-based AIDash, which…
