David Hunt, President and CEO of PGIM, at the Milken Institute Global Conference in Beverly Hills, Calif. Patrick T. Fallon/AFP/Getty Images After a nearly 2½-year hiatus, billionaires and the investors who follow their moves descended on Beverly Hills, Calif., to attend the Milken Institute Global Conference. The theme was “Charting a New Course,” but the […]
Read More(Bloomberg) — One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining — the former chiefs of Goldcorp Inc., David Garofalo and Rob McEwen — who predict […]
Read MoreFood in the US is getting more expensive, and that’s largely being driven by rising beef prices. In the past year, the consumer price index for food rose 0.9%, while the index for beef rose 17.6%, according to the Bureau of Labor Statistics. So what’s happening? At the height of the pandemic, covid-19 outbreaks forced […]
Read MoreA fully loaded HMM container ship waiting to dock at the Port of Oakland in California. Michael Vi/Alamy If given the opportunity, most people would use a time machine to right a wrong or see the future. But Wall Street seems to want to go back to the 1970s, when stagflation reigned. At one point, […]
Read MoreWith oil well above $50 a barrel, Chevron should be able to sustain its dividend. Kyle Grillot/Bloomberg Inflation is proving to be more enduring than passing, leaving investors on the hunt for reliable sources of income. Bonds are hardly the place to be. Even former bond king Bill Gross this past week called bonds “garbage,” […]
Read MoreFreeport-McMoRan Inc. (FCX) hit a 6-month low and turned higher in September after the Copper futures contract carved a potential double bottom at the 50-week moving average. Two upgrades have followed that turnaround, raising odds the copper-levered blue chip miner has finally ended a healthy correction and will now test May’s 9-year high in the […]
Read MoreMarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive. The latest report from the Commerce Department revealed that inflation, which rose in August, has hit […]
Read MoreFedEx’s shares slid more than 8% Wednesday after a big earnings miss, owing to rising labor costs outpacing strong revenue. David Paul Morris/Bloomberg Common stocks are supposed to be hedges against inflation, according to Finance 101, because corporations typically pass along higher costs to customers by increasing selling prices. But if they can’t, companies must […]
Read MoreOne of the big themes this year of the “reopening” trade has come from a generally expected increase in consumer activity in activities that were almost completely restricted in 2020 such as travel to take vacations. That generally implies consumer demand for airlines, hotel bookings, and resorts should also increase, which is typically good news […]
Read MoreThroughout 2021, investors have increasingly been looking for reasons to look ahead – past the pandemic and to the day when we can finally say the whole thing is in the past. Many hoped that, with vaccinations becoming increasingly available, we would finally be able to stop talking about COVID-19 and its variants and start […]
Read MoreEssential Properties Realty Trust, Inc. (EPRT) Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, and health and […]
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