Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility.”You just read what these guys are saying,” Tepper said on CNBC’s “Squawk Box” Thursday. “Powell told you something… He told you some…

See glossary of frequently used terms for definitions The ICE BofA US 3·Month T-Bill Index(benchmark) measures the performance of 3-month US T-Bills. Bloomberg 1-3 Year US Government/Credit Index measures the performance of the short-term (1-3 years) government and investment-grade corporate bond markets. The US Treasury Index an index based on…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Far-right members of Benjamin Netanyahu’s government lashed out at a US-French proposal for a 21-day ceasefire between Israel and Hizbollah on Thursday, urging the prime minister not to accept the deal.The proposal…

For the first time since 2006, the Centers for Medicare and Medicaid (CMS) didn’t release next year’s projected premiums and other data for Medicare Part D policies in July. Instead, the CMS has been reworking the program to keep Part D 2025 premiums from rising substantially, increases that would be…

This article was written byFollowI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor’s in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Germany’s ruling Greens were plunged into crisis on Wednesday when their co-leaders resigned in response to the party’s dismal performance in three regional elections this month.The shock move by co-leaders Omid Nouripour…

There are things in life that are not a matter of opinion. They are a matter of math. We do not believe that financial decisions, whether they are about Roth IRA conversions, a snowbird lifestyle, or a gifting program for your children and grandchildren, should be based on an inclination…

Growth and Income Managed Account Performance – USD (%) (as of 06/30/24) Cumulative Annualized Returns 2Q24 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception (01/01/93) Composite (pure gross*) 1.83 9.29 15.98 8.15 12.30 12.05 11.19 Composite (NET) 1.08 7.71 12.63 5.01 9.05 8.80 7.96 S&P 500® Index…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseOne of the upsides of Joe Biden making way for Kamala Harris was that he could focus on the presidency. Two months later, there is scant evidence his freed-up…

After years of favoring online and telephone scams, a number of crooks are drifting back to old-fashioned theft involving paper checks. In the last year, a number of individuals, including employees of the U.S. Postal Service, have been arrested or indicted for stealing paper tax refund checks. Over $3 million…