In the running debate between actively managed funds versus simply investing in a fund that tracks the S&P 500, the scorecard continues to tilt toward the broad stock market index. According to data from Morningstar Direct, just 18.2% of actively…
Joe Biden faced a growing clamour among Democrats to drop out of the 2024 presidential race on the weekend despite stepped-up public appearances aimed at proving he is mentally fit to take on Donald Trump. Biden has two campaign events…
With its unprecedented tear through the ultrawarm waters of the southeast Caribbean, Beryl turned meteorologists’ worst fears of a souped-up hurricane season into grim reality. Now it’s Texas turn. Beryl hit Mexico’s Yucatan Peninsula as a Category 2 hurricane on…
While unemployment is still historically low, its rate of increase could be a sign of deteriorating economic conditions. That’s where the so-called Sahm Rule comes in. It says that when the three-month moving average of the jobless rate rises by…
A banker at Goldman Sachs remained employed by its London office until last month, despite having been convicted for sexually assaulting a child. Ronan O’Grady pleaded guilty in February to eight counts of sexual assault, according to the Courts Service…
President Joe Biden speaks to supporters during a campaign rally at Sherman Middle School on July 05, 2024 in Madison, Wisconsin. Scott Olson | Getty Images President Joe Biden did not assuage Democratic anxieties about his 2024 reelection bid against…
Ken Griffin, a major donor to Republican politicians, is backing the reelection of Miami-Dade County’s Democratic mayor, as the founder of Citadel expands his political clout in his new home base. Griffin, who moved to Miami from Chicago two years…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has warned that it will take time to fix Britain’s “broken” public services as he addressed the…
BTIG shared its newest additions to its list of top stock picks heading into the second half of 2024. While investors kicked the year off largely calling for a broadening of the rally, BTIG chief market technician Jonathan Krinsky is…
Planning his graduation trip to Europe, Jaeger Lajewski pondered Italy’s renaissance buildings and Greece’s ancient monuments. But with those places now even hotter and more humid than his native New Jersey, he went for less traditional Scandinavia. “We wanted to go somewhere a little bit…