Trump’s new attempt to seize control of the Federal Reserve, explained
Less than two months after the Supreme Court ruled against President Donald Trump’s attempt to fire a member of the Federal Reserve Board of Governors — a move that would have allowed him to seize control over the nation’s central bank if it had succeeded — Trump is once again trying to fire the very same member.
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Read MoreTesla: I Want To Buy Back In But The Valuation Won't Let Me
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Read MoreCanada unveils new tariffs of up to 50% on US imports as the trade war escalates
Canada is preparing to impose retaliatory tariffs on US imports as high as 50%.
On Tuesday morning, Canadian officials outlined Ottawa’s response to a growing trade war with the US after talks between North America’s two largest economies broke down.
The targeted list of roughly 700 products ranges from steel and aluminum to fish and T-shirts.
Read MoreUS-Canada trade war threatens electricity imports, prices
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An escalating trade war between the United States and Canada is once again threatening to ensnare the electric power sector at a time when consumers are already stretched thin.
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Read MoreStock Market Today, Aug. 27: Tech Strength Powers Nasdaq Higher as Nvidia Leads Rally
The Burst
1 ETF Set To Beat The Market in 2025?
2024 was another banner year for the US stock market, with the S&P 500 notching a gain of 23%. Dwarfing even this return, though, was that of the Financial Select Sector SPDR ETF (XLF), which has delivered a 29.7% return over the last 12 months.
There is lots of speculation that the new President will be supportive of the financial sector so can XLF beat the market again in 2025,
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Read MoreThe Ivy
Is This Market Doomed?
This year headlines blared about the S&P 500 entering correction territory and the Nasdaq dipping into a bear market. For newer investors, it may feel like the sky is falling but seasoned traders know better, it’s just another chapter in a very old playbook.
The truth is, if you think this year has been rough,
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Read MoreThe Spotlight
457 Million Reasons to Buy This Auto Stock
When you find an investment manager overseeing $1.2 billion, it warrants further investigation when they bet one fifth of their entire portfolio on a single stock. Yet that’s exactly the conviction that Impactive Capital demonstrated by betting 20.4% of their portfolio on an automotive retailer.
Amid the universe of thousands of stocks, what is it that Impactive portfolio managers saw in Asbury Automotive that motivated them to allocate $457 million of their fund to it?
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