Author: starbpo

The United Arab Emirates city of Dubai Early Saturday morning, Israel attacked Iran from the air, saying it was doing so to punish the Islamic Republic for firing a barrage of nuclear missiles at Israel earlier this month. In Tehran, the city of Iran, explosions could be heard, but there was no information yet on how many people were hurt or damaged. The attack could bring the two countries closer to a full-scale war at a time when violence is rising across the Middle East. Militant groups backed by Iran are already at war with Israel, such as Hamas in…

In 2024, the old connections between stocks, bonds, currencies, and commodities like gold are once again breaking down. Many people who work in finance aren’t sure how to explain why this time. It’s possible that some of the things that are happening in the markets now are still affecting them from the price wave that hit the world in 2022. Some long-standing links between assets broke down that year. For example, stocks and bonds both went down in value at the same time. When stocks went down in early August, bonds temporarily went back to being defensive. But buyers still…

Political betting markets aren’t new, but Wall Street investors are turning to the changing odds offered by betting platforms for help because of the close, high-stakes presidential race and their doubts about traditional polls. These platforms make it more likely that Donald Trump, the Republican nominee and past president, will win over Kamala Harris, the Democratic nominee and vice president. Analysts say that investors have responded in the expected way. The data has led to bets on the stock market and certain sectors, while it has also fuelled a selloff in bonds that has caused Treasury yields to rise in…

In the 14 years that Tesla Inc. has been a public company, Elon Musk has made more money on his Tesla Inc. stake in the last two days than in any other two-day period. Musk, who helped start Tesla TSLA 3.34% and is now its CEO, owns 715,022,706 shares of the electric vehicle company, according to his most recent stock disclosures. According to FactSet, that’s 22.3% of the 3.21 billion Tesla shares that were out there as of October 18. That makes him by far the biggest shareholder. After a huge earnings report for the third quarter, the stock went…

The Wall Street Journal reported Friday that people familiar with the matter said Boeing Co. is thinking about selling its famous space business as it tries to get back on track. The report says that this would include operations to support the International Space Station and Boeing’s BA -0.12% Starliner spacecraft, which has been having trouble lately. The Journal said that the talks are “still early on and may not lead to a deal.” When BourseWatch asked Boeing for a word, they didn’t get back to us right away. Boeing announced mixed results for the third quarter. earlier this week,…

At Donald Trump events and in swing states, Elon Musk is getting people excited. He is also praising the Republican presidential candidate to his 200 million X followers. Now, the richest person in the world is giving Trump really big campaign checks. On Thursday night, federal election records were made public that show the CEO of Tesla TSLA 2.02% gave an additional $43.6 million to the America PAC campaign, which is helping Trump win the White House. So far this year, Musk has given just over $118 million to the super PAC. This makes him one of the biggest donors…

If you look into a small-cap stock mutual fund or exchange-traded fund that is actively managed, the Russell 2000 Index is probably what the fund management company uses to measure how well the fund is doing. But this index isn’t very good because it covers a lot of companies that aren’t making any money. Not only does the Harbor AlphaEdge Small Cap Earners ETF EBIT -0.07% search the Russell 2000 for successful companies, but it also weights its portfolio so that earnings are more important than market value, which is how most portfolios are weighted. A portfolio manager at Harbor…

Recently, the stock market has been unstable because rising Treasury yields have scared investors. However, the S&P 500 index SPX -0.02% is only 0.9% below the record high it hit a week ago. This is because investors are aware that the Federal Reserve has started a pattern of lowering interest rates. Traders are taught over and over again to “Don’t Fight the Fed.” What this means right now is that the central bank has the backs of stock buyers. What about people who want to put money into investments for the fixed-income part of their portfolio? Matthew J. Bartolini, who…

LOS ANGELES— A trade magazine for the journalism industry said Wednesday that the editorials editor of the Los Angeles Times quit because the owner of the paper stopped the editorial board from endorsing Democratic Vice President Kamala Harris for president. Maria Elías Garza told the Columbia Journalism Review that she quit because the Times wasn’t talking about the contest during “dangerous times.” Garza said, “I’m quitting to make it clear that I don’t agree with us being quiet.” “Honest people need to stand up when things are dangerous.” So this is how I stand up. This morning, L.A. Times owner…

Two S&P surveys found that the U.S. economy got off to a good start in the fourth quarter and was on track for steady growth at the end of the year. The S&P U.S. services index of buying managers went from 55.2 in September to 55.3 in October, which was up a small amount. Numbers above 50 mean growth, and numbers above 55 are very high. Many Americans work in service-based businesses like banks, stores, restaurants, and others. These businesses have been the main driver of growth since the outbreak. Even though the preliminary U.S. factory PMI stayed in the…