TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. The equity markets performed well in the second quarter, as long as one held only a small number of the biggest, fastest-growing U.S. stocks. Given the Magnificent Seven’s superior performance, differences in growth and value among large caps were downplayed. There wasn’t much style diversity between mid-caps, small caps, or outside the U.S. In the second quarter, the strategy returned -2.94% (gross) and -3.14% (net) while the Russell Midcap Growth Index returned -3.21%.…
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A deep pool of talent and a high level of sophistication in financial and legal services are just two advantages that make Hong Kong an ideal gateway for businesses to expand in Southeast Asia as well as in the Middle East, analysts said at a forum on Thursday.These factors should foster greater cooperation between Hong Kong and these two regions, which are among the world’s fastest-growing, they said during the Belt and Road Summit at the Hong Kong Convention and Exhibition Centre.”Hong Kong has distinctive advantages,” said Winnie Fan, deputy general manager of global corporate banking at Bank of China…
For much of the last 60 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been lapping Wall Street’s major stock indexes with ease.The “Oracle of Omaha,” as he’s been affably dubbed by the investing community, has overseen an average annual return in his company’s Class A shares (BRK.A) that nearly doubles up the annualized total return of the benchmark S&P 500, including dividends, since the mid-1960s. More recently, he witnessed Berkshire reaching a trillion-dollar valuation, which is a mark only eight U.S.-listed companies have ever achieved.Warren Buffett surrounded by people at Berkshire Hathaway’s annual shareholder meeting.Berkshire Hathaway CEO…
A Washington County suspect accused of multiple counts of rape and one county of human trafficking has been allowed to post bond. Jon A. Arnold, 66, of Salem drove himself to Columbus this week to attend what was scheduled as a change of plea hearing before Bartholomew Circuit Judge Kelly Benjamin. Locally, he’s facing one count of rape when the victim is mentally disabled or deficient as a Level 3 felony, as well as human trafficking as a Level 4 felony But at the request of both the defense and prosecution, Benjamin agreed to reschedule all hearing dates until early…
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DUBAI, United Arab Emirates (AP) — A fake video that ricocheted across the internet claiming tensions between France and the United Arab Emirates after Telegram CEO Pavel Durov’s detention in Paris likely came from Russia, an analysis by The Associated Press shows, despite Moscow’s efforts to maintain crucial ties to the UAE.It remains unclear why Russian operatives would choose to publish such a video falsely claiming the Emirates halted a French arms sale, which appears to be the first noticeable effort by Moscow to target the UAE with a disinformation campaign. The Emirates remains one of the few locations to…
Short term Elliott Wave view on Gold Miners ETF (GDX) suggests that decline to 33.86 ended wave (4). The ETF has turned higher in wave (5). Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 36.25 and dips in wave ((ii)) ended at 34.54. The Index extended higher in wave ((iii)) towards 38.08 and pullback in wave ((iv)) ended at 36.56. Final leg wave ((v)) ended at 39.97 which completed wave 1 in higher degree. The ETF then pullback in wave 2 with internal subdivision as…
Three people were in charge of distributing $160,000 of money donated to the victims of the Perry school shooting. Local 5 breaks down the details. DES MOINES, Iowa — It’s been 9 months since the deadly school shooting in Perry, and now some victims of the tragedy are finally receiving funds donated by the community. Three people were in charge of distributing $160,000 donated to the victims of the Perry school shooting. The distribution recovery fund says 20 applications were received and everyone who applied got a portion of the funds. The board first approved the amount of $20,317 to…
Cardi B just gave her kids, Kulture and Wave, the gift of another sibling.The rapper announced the arrival of her third child in an Instagram post shared on Sept. 12.”The prettiest lil thing 🌸🌸 9/7/24 💖💖💖,” the mother of three captioned the post, which included photos of her and her baby, as well as with her two kids and estranged husband, Offset, at the hospital.Cardi B announced on Aug. 1 that she was expecting baby No. 3 on the heels of her divorce news.“With every new ending comes a new beginning!” Cardi B wrote on Instagram, in part. “It’s so much…
Catalyst Private Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,805 shares of the e-commerce giant’s stock after purchasing an additional 163 shares during the quarter. Amazon.com makes up approximately 0.8% of Catalyst Private Wealth LLC’s portfolio, making the stock its 24th largest position. Catalyst Private Wealth LLC’s holdings in Amazon.com were worth $1,508,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have…