US Economic Outlook Remains Dark as Major Forecast Sees Sixth Straight Drop
The United States’ economic outlook continues to deteriorate despite some positive developments, according to the Conference Board’s latest Leading Economic Index (LEI).
On Friday, the D.C. think tank announced that the index had declined a further 0.1 percent in May. While this is less steep than the 1.4-percent drop recorded in April, it marks the sixth consecutive monthly decline in the LEI,
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Read MoreBiggest market tech stock trades during volatile year leaving Apple behind
- A recent decline in the price of Apple is a marked contrast from 2020 when the tech stock served as a safety trade in an uncertain market.
- Apple’s underperformance doesn’t mean tech is not attracting investors, as the sector as a whole has bounced back strongly from this year’s big,
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Read MoreCathie Wood buys $31.8 million of surging AI stock
Cathie Wood buys $31.8 million of surging AI stock originally appeared on TheStreet.
Cathie Wood, chief of Ark Investment Management, often aggressively invests in high-flying tech stocks she sees as future game-changers.
She buys even as stock prices surge,
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Read MoreUS Fed chair to signal no rush for rate cuts despite Trump pressure
Photo: SAUL LOEB / AFP/File
Source: AFP
US Federal Reserve Chair Jerome Powell will tell Congress Tuesday that the central bank can afford to wait for the impact of tariffs before deciding on further interest rate cuts —
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Read MoreThe Burst
Billionaire Buys Stake In Gene Therapy Stock
Ultragenyx may not have crossed your radar but it’s already in billionaire Stan Druckenmiller’s portfolio. What has he spotted in this novel therapies for rare and ultra-rare genetic diseases firm that convinced him to take a position?
Its focus on underserved patient populations, deep pipeline of innovative products, and strong track record in obtaining regulatory approvals make it an attractive long-term investment,
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Read MoreThe Ivy
1 High-Yield Casino REIT That Keeps Raising Dividends
VICI Properties (NYSE:VICI) is a REIT that specializes in hotel and casino properties. Spun off from Caesar Entertainment in 2017, the company owns several of the most prominent properties in the United States.
Assets owned by VICI include Caesar’s Palace and The Venetian Resort in Las Vegas, Chelsea Piers in New York and the Hard Rock Casino in Cincinnati.
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Read MoreThe Spotlight
1 Growth Stock Down Over 85% to Buy Now
Roku Inc. (NASDAQ: ROKU) seems like a stock to run from at first glance. With shares down by over 85% since the heady days of 2021 and profits still to be delivered, it’s hard to make a strong case for the company as a good investment.
But a deeper dive reveals some compelling reasons to pay attention to this former high flyer.
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