Veteran fund manager Larry Glazer is worried too many investors are in the wrong trade. His concerns stem from the crucial role big technology stocks are playing in the record rally. If investors don’t diversify away from some of the year’s biggest winners now, Glazer believes they’re going to feel a world of pain. «Ten …
If you don’t have enough cash to buy a new iPhone with X in its name, you can freshen up your existing device with Apple’s newest mobile operating system, iOS 12. Available on Monday, the free update is packed with features that entice you to use it more — and tools to make you use …
These iOS 12 features may improve your life Читать полностью »
H&M has a stockpile of unsold clothes worth $4 billion. The Swedish fashion company will offer sales online and in stores to reduce the stockpile.
1. The next debt crisis: There’s a $6.3 trillion elephant in the room. And it just might cause the next recession. The last downturn was triggered by Wall Street and Americans accumulating too much debt — particularly in the sizzling housing market. A decade later, it’s Corporate America borrowing with gusto. Egged on by extremely low rates, US companies …
Corporate America, not banks, could cause the next recession Читать полностью »
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[:de] 1. Trouble in paradise: For the past decade, a river of easy money rushed into emerging markets. Now that powerful force is reversing. Rising interest rates, along with trade wars, have started a stampede out of some emerging markets. The Turkish lira and Argentine peso have crashed, while China’s stock market is stuck in a bear market. Problems …
[:de] Legendary investment bank Lehman Brothers was on fire — and no one was coming to put it out. Bank of America refused to rescue the 158-year-old Wall Street firm without support from Uncle Sam. The British government wouldn’t let Barclays (BCS) buy Lehman Brothers and its toxic balance sheet. And Washington decided against another politically unpopular bailout. …
Lehman Brothers: When the financial crisis spun out of contro Читать полностью »
[:de] For the first time in a decade, Corporate America is steering more money into stock buybacks than investing in the future. S&P 500 companies rewarded shareholders with $384 billion worth of buybacks during the first half of 2018, according to a Goldman Sachs report published Friday. That big bonanza for Wall Street is up 48% from last year …
Corporate America is spending more on buybacks than anything else Читать полностью »
[:de] Until now, the biggest U.S. bank by employees had resisted deep job cuts, keeping headcount at about 265,000. In the second quarter, Wells Fargo was the only major U.S. bank to report lower year-over-year revenue, and it had the worst efficiency ratio, a widely watched industry metric. Wells Fargo is the only bank that …