Long-term investors can find solid income in preferred securities, according to UBS. The assets, which have hybrid features of both stocks and bonds, have seen a muted performance so far this year, said Frank Sileo, senior fixed income strategist. Preferreds trade on exchanges like stocks, but also have par values and pay a stream of income. Similar to bonds, when the price of the preferred goes down, its yield moves higher. While spreads are tight, lack of competitive yield alternatives, banking sector fundamentals and supply-demand dynamics should remain supportive of the securities, Sileo said in a note Wednesday. Banks account…
Author: usaeverydaylife
People hold a sign as they participate in a protest outside the U.S. Supreme Court over President Donald Trump’s move to end birthright citizenship as the court hears arguments over the order in Washington, May 15, 2025.Drew Angerer | Afp | Getty ImagesThe Supreme Court on Friday limited federal judges from issuing universal injunctions, which had been used to block President Donald Trump from implementing his executive order ending birthright citizenship.The 6-3 decision, which divided the conservative-majority court along ideological lines, clears the way for the Trump administration to push forward with its efforts to unilaterally upend longstanding U.S. citizenship rules and other major policies.The case…
Gov. Gavin Newsom speaks during an address on Tuesday, June 10, 2025.Office of California Governor via APCalifornia Gov. Gavin Newsom sued Fox News on Friday, seeking damages of at least $787 million from the conservative network for allegedly defaming him in its reporting of a phone call he had with President Donald Trump.”No more lies,” Newsom wrote in a tweet that announced his lawsuit, which was filed in Delaware, where Fox News is incorporated.The amount of the damages that Newsom is demanding is almost exactly the amount that Fox Corp. and its cable networks, among them Fox News, agreed to…
Jeff Bezos and Lauren Sanchez leave the Aman Hotel to go to dinner with guests ahead of their wedding, on June 26, 2025 in Venice, Italy. Stefano Mazzola | Gc Images | Getty ImagesThe rich and famous have descended on Venice, Italy this weekend to celebrate the wedding of billionaire Amazon founder Jeff Bezos and former broadcast journalist Lauren Sanchez in a show of all things money.The star-stunned event boasts a guestlist of some 200 celebrities and business elite, including President Donald Trump’s daughter Ivanka Trump and her husband Jared Kushner, Bill Gates, Oprah Winfrey, Leonardo DiCaprio, Usher and a…
The recent rally in shares of JPMorgan and Bank of America may soon reverse, according to Baird. Analyst David George downgraded JPMorgan to underperform and Bank of America to neutral, citing a less attractive risk-reward outlook. His $235 12-month price target for JPMorgan implies more than 18% downside from Thursday’s close, while the $52 target on Bank of America results in more than 9% potential upside. “We understand the optimism around mega cap banks here – benefits from deregulation, solid capital positions, capital markets are opening up and JPM is the gold standard in the group,” he wrote in a…
Summer’s here and with it opportunities to earn some extra cash.You could rent out your home to travelers on Airbnb or Facebook, pet sit for families going away, create social media content about your job — the opportunities are endless. If there’s a chore that needs doing, someone could very well pay you to do it.And there are tools to streamline and make your side hustle easier once you’ve gotten started. That includes various AI tools introduced in the last few years. Here are four to consider using according to side hustle experts.ClaudeClaude is a generative AI tool built by…
Once synonymous with indulgent late-night snacks, hotel minibars were a hallmark of convenience for travelers in the 1990s and the early aughts. But that is not longer the case.The hotel minibar concept went global in 1974, when a Hilton in Hong Kong stocked its in-room fridges with tiny liquor bottles inspired by airline bar carts. Drink sales reportedly soared 500% that year, boosting Hilton’s overall revenue by 5%. Soon, minibars became a global standard, complete with sodas, candy and consistent brand-name selections.But the convenient novelty for guests was a logistical nightmare for hotels and staff. Restocking, food spoilage, operational costs…
Microsoft’s Majorana 1 quantum computing chipMicrosoftIt doesn’t quite have the buzz of artificial intelligence, but quantum computing is having a moment of its own.Some of the most powerful institutions in the world, including Google, Microsoft, Amazon, IBM and the U.S. government, are spending many millions of dollars in a race to develop and build the first practical quantum computer.Startups focused on quantum technology attracted about $2 billion last year, according to a McKinsey & Co. report, as investors pile into an industry that could have nearly $100 billion in revenue within a decade.There isn’t much business today, though. In total,…
BRUSSELS, BELGIUM – DECEMBER 18: President of the EU Council Antonio Luis Santos da Costa talks to media (Photo by Thierry Monasse/Getty Images)Thierry Monasse | Getty Images News | Getty ImagesNATO’s agreement to more than double allies’ defense spending targets will rebalance Europe’s trade relations with the U.S. and see the region buy more American weaponry, European Union Council President Antonio Costa told CNBC on Friday.Earlier this week, NATO allies agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035.The move has solved the main trade-related issue between Europe and the…
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and it expects tariffs to cost it roughly $1 billion, prior to any offsets from implementing price hikes and supply chain tweaks to mitigate that amount. HSBC upgraded Nike to buy from hold on the back of its results. Trade Desk — The ad tech stock…
