While the market’s Tuesday sell-off left much to be desired, one typically overlooked corner reached new heights. Despite ending the session modestly down, the SPDR S & P Dividend ETF (SDY) touched a new all-time high on Tuesday. It was able to sidestep a lot of the selling pressure faced by the S & P 500 , which slid more than 2%. The broad market index also wobbled during Wednesday’s session. This fund tracks the S & P High Yield Dividend Aristocrats Index, which is made up of companies that have raised their dividend for at least 20 years in…
Author: usaeverydaylife
After the Añejo tequila from the night before had worn off, Aaron Rodgers asked Packers assistant director of communications Tom Fanning for Jordan Love’s cell phone number.Rodgers was driving home in Southern California from a workout the morning after the first round of the 2020 NFL Draft. Before he entered an area without service, he stopped on the side of the road to call his newest teammate.Brett Favre infamously said his contract didn’t mandate mentoring Rodgers, the 2005 first-round pick who sat behind Favre for three years. For all Love knew, he’d get the same cold shoulder.Love didn’t want to…
The final trades of the day with the Fast Money traders. Source link
Stock futures were largely flat on Wednesday evening as Wall Street looks to regain momentum after a rocky start to September. Key labor market data is also on deck this week.Futures for the S&P 500 were up less than 0.1%, while Nasdaq 100 futures inched up 0.1%. Futures tied to the Dow Jones Industrial Average ticked down 17 points, or less than 0.1%.The moves after the S&P 500 and Nasdaq Composite each closed lower for the second-straight session, dipping 0.16% and 0.30%, respectively. The Dow squeezed out a gain of 38 points, or 0.09%, on Wednesday.All three averages are down…
Thus far the ongoing battle between the PGA Tour and LIV Golf has only resulted in a fracture in the men’s professional game and disillusioned fans. Now, it will be the centerpiece of a made-for-TV match later this year.The PGA Tour’s Rory McIlroy and Scottie Scheffler are set to face LIV’s Bryson DeChambeau and Brooks Koepka in a primetime match on TNT. Golfweek first reported the news, but it was confirmed to The Athletic via a person briefed on the agreement, who was not authorized to speak publicly about the match.Set to be held in Las Vegas in mid-December, the…
Beyond Meat in El Segundo, California, on May 30, 2024.Christina House | Los Angeles Times | Getty ImagesBeyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers.CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain known for serving healthier food, a departure from its prior strategy of teaming up with fast-food chains such as Dunkin’ and McDonald’s.More than six months ago, Beyond announced a turnaround strategy that included cutting costs, hiking prices and discontinuing the jerky product it made through a joint venture…
Vice President Kamala Harris boards Air Force Two at Joint Base Andrews in Maryland on September 4, 2024. Erin Schaff | The New York Times | Via ReutersVice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income of $1 million or more, lower than the 39.6% rate President Joe Biden laid out in his 2025 fiscal year budget.”We will tax capital gains at a rate that rewards investment in America’s innovators, founders and small businesses,” the Democratic presidential nominee said at a rally in North Hampton, New Hampshire. The Wall Street…
Global online shopping platform Temu.Bloomberg | Bloomberg | Getty ImagesTwo U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of “foreign-owned” e-commerce platforms like Shein and Temu, specifically the alleged sale of “deadly baby and toddler products.”In a letter late Tuesday, CPSC Commissioners Peter Feldman and Douglas Dziak said the agency should examine Temu and Shein’s safety and compliance controls, relationships with third-party sellers and consumers, and “any representations they make when products are imported.””We seek to better understand these firms, particularly their focus on low-value direct-to-consumer — sometimes called de minimis — shipments and…
ATLANTA — Whit Merrifield has had enough of control-challenged pitchers hitting batters with pitches.The veteran infielder became the latest in a string of Atlanta Braves players hit by fastballs when he was plunked in the back of his head Tuesday by Colorado Rockies rookie Jeff Criswell, and Merrifield said Major League Baseball needs to do something about the situation before someone is seriously injured — or worse.“Where the game’s at right now, it’s just ridiculous,” said Merrifield, who was hit by a 94.5 mph pitch in the seventh inning of the Braves’ 3-0 win, leaving a welt just behind his…
Microsoft’s generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record high of $467 on July 5. But then, almost immediately, it began to slide. It got no help from its July 30 earnings report and made a recent bottom in the Aug. 5 market plunge. The stock’s subsequent recovery stalled out late last month and turned lower once again. Exacerbated…
