Key PointsThe graying population is going to have a long-term effect on equity performance, according to an analysis by JPMorgan.People are living longer and birth rates are down. The graying population is going to have a long-term effect on equity performance, according to an analysis by JPMorgan. People are living longer and birth rates are down. For instance, the share of the old-age population — those 65 years or older — in the U.S. is expected to grow to 21.5% from 18.1% over the next decade, the bank said. China’s growth is expected to be more rapid, with its older…
Author: usaeverydaylife
The exterior of a Red Lobster restaurant in Austin, Texas, on May 20, 2024.Brandon Bell | Getty ImagesA bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy.The company, known for its seafood offerings and cheddar biscuits, filed for bankruptcy protection in May. Red Lobster had struggled with increased competition, expensive leases, last year’s disastrous shrimp promotion and a broader pullback in consumer spending.As part of the restructuring plan, a group of investors under the name RL Investor Holdings will acquire Red Lobster by the end of the month. Once…
The 2024 season is here. The Baltimore Ravens and Kansas City Chiefs get things started tonight, followed by a Friday night matchup between the Green Bay Packers and Philadelphia Eagles.With no time to waste, let’s look at The Athletic’s NFL staff picks for MVP, Super Bowl champion and more.Forty-two staff members responded (some opting not to answer everything, so there aren’t always 42 responses). Here’s what they think.Patrick Mahomes has already won the award twice — in 2018 and 2022 — so why not a third time while the Kansas City Chiefs try to three-peat? Our staff overwhelmingly picked the…
A handful of stocks have been noticeably absent from the 2024 rally, and they might see further declines as investors jettison their losing positions to save on taxes, Wolfe Research found. Even as the major averages have stumbled to start September, they have already posted solid gains for the year. The S & P 500 is up 15% in 2024, benefiting from a surge in the information technology sector amid excitement around artificial intelligence. September kicks off a pivotal period for investors: As the year winds down, they dump big losers in their portfolio in a bid to realize capital…
Tugboats guide the Maersk Atlanta container ship at the Port of Newark in Newark, New Jersey, US, on Saturday, March 30, 2024. Bloomberg | Bloomberg | Getty ImagesAfter two days of meetings of North America’s largest longshoremen’s union amid an impasse with port ownership on a new contract, concerns of a strike are growing amongst those in the business and logistics community.A strike by the International Longshoremen’s Association, which moves the trade at the ports along the East Coast, Gulf Coast and Puerto Rico, would impact 43% of all U.S. imports and billions of dollars in trade monthly.At the conclusion of…
[The stream is slated to start at 12:00 p.m. ET. Please refresh the page if you do not see a player above at that time.]Former President Donald Trump is addressing the Economic Club of New York as he sharpens his policy pitch in the final months of the 2024 presidential election.The Republican nominee’s remarks come after a series of economic policy proposals from his opponent, Vice President Kamala Harris. Source link
Kemba Walker is an NCAA champion and a four-time NBA All-Star. He also is a product of the Bronx. Those things, he believes, are inextricably linked.Walker, who retired from playing pro basketball in July and joined the Charlotte Hornets coaching staff, is one of the last great New York City basketball stars. The city used to mass produce basketball players, but that pipeline has slowed to a trickle over the last decade.The city still has talent, but it is leaving the five boroughs at an earlier age. While Walker remained in New York before he left for the University of…
The start of the NFL season presents a new chance for fans to dream about a Super Bowl run, and for investors in sports gambling stocks to hope for a big rally. Sports betting has become a regular presence in broadcasts and advertising, but that doesn’t mean the stocks tied to those companies are booming. DraftKings , which is arguably the most representative stock of the U.S. online betting industry, was down 2.8% year to date entering Thursday. Still, the NFL is the most popular sports league in the U.S., and the excitement around it has appeared to boost DraftKings…
Colleagues working together in the office.Aja Koska | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices.The number of single-family offices — the in-house investment and service firms of families typically worth $100 million or more — is expected to rise from…
Republican presidential nominee and former U.S. President Donald Trump speaks during a Fox News town hall hosted by Sean Hannity in Harrisburg, Pennsylvania, U.S. September 4, 2024. Evelyn Hockstein | ReutersThe federal criminal election interference case against Donald Trump resumed in Washington, D.C., on Thursday after a nearly year-long delay related to arguments on whether he can be prosecuted for conduct committed while he was president.Judge Tanya Chutkan heard arguments Thursday morning over how to schedule legal briefs to be filed in advance of a possible trial in the case.”Probably an exercise in futility to set a trial date now,” Chutkan…
