Piper Sandler recently reviewed its election portfolios in anticipation of Kamala Harris potentially being at the top of the Democratic ticket. The brokerage concluded that there is no strong argument to change the portfolios based on this possibility. This decision was made with the belief that President Biden’s agenda aligns with the progressive wing of
The recent appointment of a new CEO at Vanguard has sparked discussions about the future of customer service at the asset management giant. Vanguard, known for its low-cost and investor-friendly approach, has faced criticisms about its customer service in recent years. Complaints about the difficulty of reaching a representative on the phone have been circulating
It is evident from the current earnings season that companies with disappointing quarterly results are facing harsher consequences than usual. According to FactSet, second-quarter earnings misses have led to an average 3.8% decline in stock prices, compared to the five-year average of 2.3%. On the other hand, companies that have exceeded Wall Street expectations are
McDonald’s executives have recently come to terms with the fact that consumers perceive their prices as too high, especially lower-income individuals who are feeling the effects of prolonged inflation. This acknowledgment was made during the company’s second-quarter earnings call, where executives admitted that there is a need to review their pricing strategy and focus on
The cryptocurrency market saw a boost at the beginning of the final week of July as traders reacted to a series of political events and looked forward to central bank meetings. Bitcoin recorded a 2% increase, reaching $69,640.00, while Ether rose by 3% to $3,382.15. This resurgence comes after bitcoin closed the previous week with
As the Federal Reserve officials gear up for their upcoming meeting, the market is buzzing with anticipation over the possibility of a 25 basis point rate cut. While the decision to hold rates steady is widely expected, there is a growing consensus that the Fed may signal a potential cut at the next meeting in
Global stocks inched up on Monday ahead of a week filled with earnings reports and central bank meetings that could potentially lead to interest rate cuts in the United States and UK, while Japan may increase borrowing costs in a move toward “normality”. This article will delve into the implications of these events and their
McDonald’s is set to unveil its second-quarter earnings report, with analysts predicting an earnings per share of $3.07 and revenue of $6.61 billion. Despite these projections, the fast-food giant’s stock has experienced a 15% decline this year due to worries about consumer spending and the overall state of the restaurant industry. In response to shrinking
Over the past weekend, Ryan Reynolds experienced a career milestone as Deadpool & Wolverine became the biggest opening of his career, breaking numerous records in the process. Reynolds took to his Instagram Story to express his shock and gratitude, stating, “This is kind of hard to process. But thank you to everyone who went to
Nicolas Cage’s film Longlegs had a successful weekend, grossing $6.7 million on 2,730 screens. This brings the film’s total earnings to $58.6 million, surpassing Parasite to become the indie distributor’s highest-grossing film. Additionally, in its third week of release, Longlegs has become the top-grossing R-rated horror film of 2024 and the highest-grossing indie horror film