Key News Asian equities were mostly higher overnight in a quiet night as last night was Mainland China’s last trading session before the week-long Mid-Autumn Festival. Mainland media reported that E-Commerce giant JD.com will start selling cars soon, with a focus on electric vehicles. According to the report, the retailer…

A top JPMorgan Chase & Co. markets strategist is urging clients to shun both bonds and stocks in favor of cash after spotting shades of 2008 in the contemporary U.S. economy. In his latest note to clients, JPM’s Marko Kolanovic, who earned the nickname “Gandalf” after a series of prescient…

Key Takeaways Healthcare provider Centene will be letting go of 2,000 staff, equating to around 3% of their workforce The cuts are being made to ensure the company remains profitable in the face of increased competition in the government subsidized healthcare space While the layoff headlines have slowed in recent…

Investors counting on a boost from AI to help Micron Technology Inc. offset any near-term losses in the next quarter or two saw their hopes dashed in a good news/bad news call with Wall Street analysts Wednesday. Micron MU, +0.40% executives said they expect a net loss in the fiscal…

If there’s one thing we need to remember when we buy high-yield closed-end funds (CEFs), it’s this: always demand a discount. Well, make that two: always demand a high dividend! Because CEFs are renowned for their high—and often monthly—payouts, with the average CEF yielding around 8% today. But back to…

The Federal Reserve has made it clear that its remaining two 2023 decisions on interest rates will be data dependent, with another rise in interest rates possible but not certain. If there is a government shutdown, there’s a real risk some data the Fed might base any interest rate decision…

Gold prices on Thursday saw their biggest drop in nearly two months while snapping a five-day winning streak as a surging U.S. dollar weighed on precious metal prices. Price action Gold for December delivery GC00, +0.16% GCZ23, +0.16% fell by $27.50, or 1.4%, to settle at $1,939.60 an ounce on…

In trading on Wednesday, shares of Brixmor Property Group were yielding above the 5% mark based on its quarterly dividend (annualized to $1.04), with the stock changing hands as low as $20.73 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a…

Crude oil prices ended slightly lower Thursday, but near the highs of 2023, after the Russian government said it was temporarily banning exports of gasoline and diesel, adding to global supply woes expected through year-end. That meant a third day of declines for oil, a day after the Federal Reserve…

The Federal Trade Commission (FTC) finally pulled the trigger this week, filing its much-anticipated antitrust complaint against Amazon for (among other things) using pricing and other tactics that unfairly punished merchants selling on its platform. “Amazon is now exploiting its monopoly power to enrich itself,” according to FTC chair Lina…