Travelers’ stock (NYSE: TRV) has lost 6% YTD, as compared to the 15% rise in the S&P500 index over the same period. Further, it is currently trading at around $176 per share, which is 11% below its fair value of $197 – Trefis’ estimate for Travelers’ valuation. The insurance giant…

Federal Reserve Chair Jerome Powell begins two days of hearings before Congress on Wednesday. Powell’s appearance comes after last week’s policy meeting in which the Fed paused its rate hike run for the first time in 11 meetings.The 18 members of its policy committee predicted two more interest rate hikes…

A Canadian military surveillance aircraft detected underwater noises as a massive search continued early Wednesday in a remote part of the North Atlantic for a submersible that vanished while taking five people down to the wreck of the Titanic.A statement from the U.S. Coast Guard did not elaborate on what rescuers believed the noises…

LONDON — U.K. inflation came in hotter than expected in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month.Economists polled by Reuters had projected an annual rise in the headline consumer price index (CPI) of 8.4%.On a monthly basis, headline CPI increased by 0.7%, while…

Tesla CEO Elon Musk said Tuesday the company is looking to invest in India “as soon as humanly possible,” following a meeting with Indian Prime Minister Narendra Modi in New York. “[Modi] really cares about India because he’s pushing us to make significant investments in India, which is something we…

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A French real estate firm has signed a partnership deal with domestic crypto pay provider, an indication that the European nation may be the next to embrace crypto-powered commerce.Per Boursier, Apsys will allow customers to pay using crypto at all of its shopping malls.The firm operates the malls L’Heure Tranquille…

Introduction Some investors prefer investing in dividend funds as they seem to provide better yield and may even provide better downside protection than the broader market. Is this really the case? In this article, we will analyze WisdomTree U.S. LargeCap Dividend ETF (NYSEARCA:DLN) and provide our insights and recommendations. ETF…

SoftBank chief Masayoshi Son has said the company will go on the “counteroffensive” after nearly three years of asset sales and hoarding cash to resume the technology group’s investments in artificial intelligence.In his first major presentation to investors since November, the 65-year-old founder of the Japanese conglomerate said he would…

President Joe Biden compared Chinese President Xi Jinping to “dictators” during a political fundraiser in California Tuesday night, delivering the unscripted remarks roughly a day after US Secretary of State Antony Blinken said his recent trip had yielded “progress” in repairing the fractured relationship between Washington and Beijing. “The reason…