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Thesis On July 28, 2023, I began coverage of McGrath RentCorp (NASDAQ:MGRC) with a ‘Buy’ rating and analysis discussing how Q2 earnings indicated the Mobile Modular segment and the Vesta acquisition were able to hit targets. While TRS-RenTelco had some weakness due to lower semiconductor demand, I thought that the…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are expected to add over $2 trillion in assets by 2030, as an increase in wealth concentration…
Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president.”Every conversation I’ve had is that it’s not going to happen,” Cuban said on CNBC’s “Squawk Box.”Cuban’s remarks could signal another break on tax policy between Harris and President Joe Biden,…
Kiwetinohk Energy (OTCPK:KWTEF) (TSX:KEC:CA) is still concentrating on the natural gas business. Previous articles have noted that there is a long-term plan to develop a power business as well (and maybe a carbon hub business). However, right now, developing cash flow is likely important and rich gas has been the…
Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. Citadel’s multistrategy Wellington fund gained about 1% in August, bringing its year-to-date return to 9.9%, according to a person familiar…
Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target.Previously one of the more hawkish policymakers, or in favor of tighter policy to fight inflation, Bostic noted that his focus is shifting…
Prime Medicine, Inc. (NASDAQ:PRME) is a gene-editing biotech. Its main platform is Prime Editing, a next-generation technology that can deliver accurate, adaptable, and safer one-time treatments for genetic diseases. This approach can potentially correct specific mutations without the disruptive double-stranded breaks produced by other systems. The company has a diverse…
“Rush” hour isn’t what it used to be.As more commuters settle into flexible working arrangements, fewer workers are making early morning or early evening trips compared to pre-pandemic traffic patternsThe traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a…
Adriane Schwager has interviewed thousands of people during her 20-year career working in recruiting — and she’s made hundreds of hires as a result.Finding the right people for her team is all the more important now that she’s the CEO and co-founder of GrowthAssistant, a hiring platform that uses global…
Performance Summary Cumulative Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/ LOF 1 Fidelity Freedom 2065 Fund (MUTF:FFSFX) Gross Expense Ratio: 0.76% 2 1.81% 10.20% 17.90% 3.82% 10.23% 10.23% S&P 500 Index (SP500, SPX) 4.28% 15.29% 24.56% 10.01% 15.05% 15.05% Fidelity Freedom 2065 Composite Index 2.04%…