Author: starbpo

Dear Quentin, I read your writing and thought you might have something to say about this, even though it’s not just about money. I chose Donald Trump, and just so you know, my parents chose Kamala Harris. Someone in my family made fun of me last year. My sister has always been a Democrat, and she wanted to teach me about everything from immigration to the “real” reasons of inflation, which she said were the pandemic and not Biden. I’m not excited about this holiday. I’m going to be proactive and email my family to find out what things we…

bold-capitalization In the past 15 years, U.S. stocks have done better than almost every other market. This is not likely to change in 2025, say some of the biggest financial banks in the world. As the S&P 500 index SPX -0.38% looks set to give investors a total return of more than 25% for the second year in a row, which is a rare feat, Wall Street analysts have told investors to keep their money in shares of the biggest American companies. Teams from Deutsche Bank, Goldman Sachs Group, UBS Group, Barclays, Société Générale, and JPMorgan Chase & Co. have…

Millions of people couldn’t travel over the Thanksgiving weekend because of bad weather. It could have been a record-breaking weekend for air travel. The Transportation Security Administration said it would check more than 3 million people on Sunday, which is usually the busiest day for travel over Thanksgiving weekend. It could have been the busiest day ever. At the moment, the daily record is 3,013,622. The amount of passengers on Sunday is set to be made public on Monday morning. The TSA said that just over 2.8 million people went through U.S. airports on Saturday, making it the busiest holiday…

Due to less stable political situations in some of its countries, Mothercare PLC lost money before taxes in the first half of fiscal year 2025. On Monday, the U.K. baby products store recorded an adjusted pre-tax loss of 1.4 million pounds ($1.8 million) for the 26 weeks ending September 28. This is down from a pre-tax profit of 1.8 million pounds during the same time last year. Earnings before interest, taxes, depreciation, and amortisation went up by a small amount, from 3.6 million pounds to 1.7 million pounds. Sales went down from 29.0 million pounds to 21.0 million pounds. It…

Supreme said it will pay 10.2 million pounds ($13 million) to buy the British tea brand Typhoo Tea. The consumer goods distributor that is listed in London said on Monday that the deal should increase adjusted earnings and that the merger of the business will go smoothly, with no changes to current operations or levels of customer service. Supreme said that the acquisition will speed up its plan to sell more products that aren’t vapes, which will bring its annualised sales of non-vapes to over 120 million pounds, or about half of its group revenue. “The acquisition will immediately broaden…

The Saltus Partnership Holdings gave Tavistock Investments 22 million pounds ($28 million) in cash for the sale of its businesses, the company said. The U.K. financial services group is shifting its focus from providing regulated third-party advice firms and the public with asset management services to selling its network of self-employed registered individuals through Tavistock Partners and Tavistock Estate Planning Service. It said last month that it would be buying Alpha Beta Partners to make the U.K. private investment market bigger. The company said on Monday that the deal with wealth manager Saltus, which was revealed in early October, gave…

Topps Tiles said its recent market-share gain despite challenging market terms shows the effectiveness of its strategy amid public criticism from its largest shareholder. MS Galleon, which holds a 29.9% stake in the U.K. tile specialist, has called for the board to overhauls its senior management and strategy after a series of what it called costly blunders, according to The Times report on Sunday. In a response to the report, Topps Tiles said Monday that its latest results show that it can outperform the wider tile market despite tough market conditions. “We believe this demonstrates the effectiveness of our strategy,…

For the second month in a row, the Federal Reserve’s preferred inflation gauge is expected to show that prices rose more sharply in October. This makes it even less clear how much the central bank will lower interest rates. It is expected that the PCE price index will go up 0.2% in October, the same amount as it went up the previous month. Also, the yearly rate of inflation could rise from 2.1% to 2.3%, which would move the Federal Reserve a little farther from its goal of 2%. The report comes out on Wednesday at 10 a.m. Eastern time…

NEW YORK — As part of his plan to crack down on drugs and illegal immigrants, President-elect Donald Trump has said that he will put huge new tariffs on Mexico, Canada, and China as soon as he takes office. If the taxes are put into place, they could make everything from gas to cars much more expensive. According to the most recent Census figures, the U.S. buys more goods than any other country in the world. Its top three suppliers are Mexico, China, and Canada. In two posts on his Truth Social site Monday night, Trump made the threats. In…

It’s possible that investors’ hopes that Trump’s choice of Scott Bessent as U.S. Treasury secretary would mean a less extreme economic plan have already been dashed. Markets are shaking because Trump said late Monday that he would put 25% tariffs on imports from Mexico and Canada and another 10% on imports from China. Futures for U.S. stock indexes went down, and Treasury yields are slowly going up after dropping sharply on Monday after the Bessent news. Europe’s SXXP fell by 0.34 percent, and Asia’s ADOW fell by 0.57 percent. It makes sense that the Mexican peso (USDMXN 1.49%, down 1.4%)…