Dear readers/followers, Consumer discretionary companies are fickle in a volatile macro, such as the one we have right now. My investment in Polaris (NYSE:PII) has performed alright, but still less than the overall market. Not entirely unexpected, and not something I view as a problem given my timeframe when I…

Morgan Stanley rainmaker Rob Kindler is leaving to join elite law firm Paul, Weiss, Rifkind, Wharton & Garrison after 17 years with the Wall Street investment bank where he advised on some of the largest-ever corporate takeovers. Paul Weiss said Kindler was joining as a partner and would chair its mergers…

A federal appeals court wrestled in oral arguments on Tuesday with a Biden administration request that it pause a judge’s ruling that would wipe away an Obamacare mandate requiring certain preventive care services – including statins and some cancer screenings – to be provided at no cost. The ruling, from…

Apple Inc. executives avoided using the term “metaverse” when introducing their new headset Monday, but the Vision Pro device could still provide a boost to Meta Platforms Inc. Chief Executive Mark Zuckerberg’s push into augmented realities. The announcement of the Vision Pro high-tech goggles during the keynote address at Apple’s…

Dear Tax Guy, I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses separate from personal ones. I am trying to figure out what would be considered tax deductions in this scenario? I had my own marketing research LLC for around…

Yet another shockingly large increase in hiring in May suggests the U.S. labor market is still running hot, but some economists see a spike in the unemployment rate as a warning sign. The economy added 339,000 jobs in May to mark the biggest increase in four months. Employment gains in…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid By Hannah Lang, John McCrank and Sinéad Carew (Reuters) – Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S.…

By Ange Aboa KATIOLA, Ivory Coast (Reuters) – Drissa Dembele, a farmer and buyer of raw cashews, surveyed unshelled nuts he had spread out to dry on a tarpaulin in a dusty courtyard, unsure of when he would sell them. Dembele, a 36-year-old father of two, had sold only five…

By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered…

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt…