Recap from August’s Picks On a price return basis, the Safest Dividend Yields Model Portfolio (+0.4%) outperformed the S&P 500 (-0.1%) by 0.5% from August 23, 2023 through September 19, 2023. On a total return basis, the Model Portfolio (+1.1%) outperformed the S&P 500 (+0.3%) by 0.8% over the same…

It’s that time again: The Powerball lottery jackpot has ballooned to $1.04 billion — among the highest grand prizes in lottery history — after yet another drawing with no winner. The next Powerball drawing is tonight, offering a grand prize cash value of $478.2 million. That jackpot total would put…

Key News Asian equity markets had an ugly night as Japan and South Korea underperformed while Mainland China missed out on the fun due to the Mid Autumn Festival holiday (Golden Week). Macroeconomic concerns weighed on risk assets. US House Speaker McCarthy was voted out against the backdrop of the…

Kaiser Permanente, one of the largest nonprofit U.S. healthcare providers, is facing a strike this week by 75,000 union workers after their contract expired on Saturday. It could set the stage for what union leaders are calling the healthcare industry’s biggest strike in U.S. history. The unions representing the workers…

Were you able to refi your home when rates were low? I hope so. Don’t tell my wife, but we almost missed the low-rate era. My better half kept asking about refinancing. “Yeah, yeah,” I said. “We will when rates bottom.” In early 2021, they took off right under my…

Berkshire Hathaway sold another 5.1 million shares of HPInc. in recent days as Warren Buffett’s company continues to reduce its stake in the maker of personal computers and printers. Berkshire Hathaway (Ticker BRK. A, BRK. B) sold HP (HPQ) stock valued at about $132 million at an average price of…

It might seem as if initial public offerings are back in style, with Arm Holdings and Instacart making their recent debuts. But the reality is there hasn’t been much activity—and for good reason.  Companies going public have raised just over $18 billion so far this year, according to KPMG. That…

About the author: Josh Wolfe is co-founder and managing partner of Lux Capital, a venture-capital firm. We the people may always be seeking a more perfect union, but when it comes to America’s labor unions, imperfection has been the big story for decades now. Union membership crested at one in…

For years, bank investors were itching for higher interest rates. They finally got them but it hasn’t gone as investors hoped. The Federal Reserve has lifted the federal-funds rate by 5.25 percentage points over the past18 months and the KBW Nasdaq Bank Index (ticker: BKX) is down by 40% over…

Nvidia Corp.’s stock made it to the conviction list of one Wall Street firm on Monday, while an analyst at another forecast that the chip maker could drop its next-generation architecture early. The stock led gainers on the PHLX Semiconductor index SOX, which rose 0.4% on Monday. Meanwhile, the S&P…