The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you want a simple indication of why market timing is not an effective investment strategy, take a look at the data on the S&P 500 year to date.  Nicholas Colas at DataTrek notes…

Check out the companies making headlines before the bell. Rivian Automotive — The EV maker popped 8.8% in early Wednesday trading after increasing its production forecast for the full year by 2,000 units, to 54,000, and posted a smaller-than-expected loss in the latest quarter. Lyft — Shares gained 2.9% ahead…

This article was written byLawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management.…

Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York.Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found.”Credit card balances experienced a large jump in…

Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year…

This article was written bySeeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us…

UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its emergency rescue of Credit Suisse — for the first time since completing the takeover.The Swiss banking giant is marketing two tranches of U.S. dollar AT1 bonds, a non-call five-year offering…

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks edged up in midmorning trading Tuesday, as the market continues to consolidate last week’s gains. The S & P 500 gained 0.36%,…

As some in the market speculate on what the Fed’s next move on rates may be, others are focusing their attention on when cutting cycle may begin. Michael Craig, Head of Asset Allocation at TD Asset Management, discusses the potential implications for investors. Transcript Greg Bonnell: Markets have moved higher…

When Whitney and Chaz Gates’ annual sales more than quadrupled in less than a year, they credited their lead investor: Mark Cuban.On Friday’s episode of ABC’s “Shark Tank,” the husband-and-wife duo said that Wondry, their Black-owned wine label, brought in $1.1 million in revenue over the previous 11 months.That’s a…