It is not too late to start thinking about moving out of short-term cash instruments and into longer-duration bonds, according to Goldman Sachs Asset Management. Investors have been enjoying solid yields on their cash , although those payouts are down from recent highs. The Crane 100 Money Fund Index , which is based on the largest taxable money funds, currently has an annualized seven-day yield of 4.18%. However, there is better income to be found in bonds these days, said Lindsay Rosner, head of multisector investing at Goldman Sachs Asset Management. Some 99% of investment-grade bonds are now out-yielding cash,…
Author: usaeverydaylife
After gapping higher into a new all-time high in March 2024, Dick’s Sporting Goods Inc. (DKS) settled into a rangebound phase into the end of the year. Numerous attempts to break to new heights were repelled, pushing the price back to previous support levels. This week, DKS finally appears to have completed a bullish rotation out of this long-term congestion zone. With a solid price breakout and improving momentum, Dick’s appears to be setting up for much further potential upside. On the daily chart, we can see the price gap in March 2024 going into a new high around $220.…
U.S. Sen. Lisa Murkowski (R-AK) ahead of a session on Capitol Hill in Washington on Jan. 22, 2025 in Washington, DC.Kayla Bartkowski | Getty ImagesSen. Lisa Murkowski announced Thursday that she will vote against confirming Pete Hegseth to lead the Pentagon, becoming the first Republican to oppose one of President Donald Trump’s Cabinet picks ahead of a crucial test vote.Murkowski, of Alaska, said in a lengthy statement that allegations of excessive drinking and aggressive actions toward women, which Hegseth has denied, show that his behaviors “starkly contrast” with what is expected of the U.S. military. She also noted his past…
Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty ImagesHigher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power.Fare-tracking platform Hopper this month said domestic “good deal” U.S. airfare in January is at $304, up 12% over last year, with more domestic flights going for more than they did last year through at least June.Late deliveries of new aircraft from Boeing and Airbus, air traffic constraints and financial…
David Gray | Bloomberg | Getty ImagesGoogle on Thursday blamed a “data error” after users reported that former President Joe Biden was missing from the company’s search results.Users on Wednesday noticed that results for search queries that included “US Presidents,” “United States Presidents” and “US Presidents in order” did not include Biden, who concluded his four-year presidential term on Monday. Users reported seeing a list of presidents ranging from George Washington to President Donald Trump. Some users posted screenshots of their results showing how the lists omitted Biden.CNBC tried searching for U.S. presidents on Wednesday night and also encountered the…
Say this for the Phoenix Suns: They have one of the NBA’s most creative front offices when it comes to finding new and different ways in which to mortgage their future. Never mind that this strategy hit its peak two years ago and it has long since been time to turn this ship around; they’re still plowing full steam ahead and throwing lifejackets overboard as they go.Sorry, I was in the midst of complimenting the Suns before I got sidetracked. In their way, Phoenix made a creative trade on Tuesday by sending an unprotected 2031 first-round pick to the Utah…
At the start of his second term President Trump has positioned himself at the crest of a global wave of hard-line conservative populism, offering fuel and inspiration to surging nationalist parties in the European Union and beyond.Those parties are generally united by tough stances against immigrants, support for what they call “traditional” values in opposition to L.G.B.T. rights, aversion to climate regulations and pugnacious critiques of establishment politicians and parties.To varying degrees, some, though not all, have also sought to weaken or undermine existing institutions, such as courts or an independent media, in what critics have called efforts to erode…
President Donald Trump on Thursday accused the CEOs of the two largest American banks of refusing to serve conservatives, reviving a 2024 campaign talking point that the two companies deny. Speaking via video to an assembly held at the World Economic Forum in Davos, Trump lashed out at Bank of America CEO Brian Moynihan and JPMorgan Chase CEO Jamie Dimon as part of a question-and-answer session.”I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America,”…
Several stocks with earnings slated for next week, including Meta Platforms and Mastercard , tend to top Wall Street estimates and get a boost in value. Earnings season is off to a solid start. About 9% of S & P 500 companies have reported fourth-quarter results, with 79% of them posting a positive earnings surprise and 67% a positive revenue surprise, according to a Friday report from FactSet’s John Butters. Strong earnings from the big banks — particularly from JPMorgan , Goldman Sachs and Bank of America — have fueled positive sentiment. Procter & Gamble ‘s earnings beat on Wednesday…
President Donald Trump’s Stargate foray could present a major boon for these technology companies, according to Wall Street. The $500-billion joint venture between OpenAI, Oracle and SoftBank announced earlier this week aims to beef up artificial intelligence infrastructure in the U.S. Shares of Oracle and Microsoft have rallied nearly 15% and 3%, respectively, since the start of the week. Microsoft is an investor in OpenAI. ORCL 5D mountain Oracle shares over the last five trading days Wall Street views the move as an overall positive for the industry, with Citi’s Tyler Radke noting it should support strong capital expenditures by…
