With the election in the rear-view mirror and President-elect Donald Trump headed back to the White House, it could be a good time for income investors to revisit their portfolios. While any policies that could affect investments will take time to enact, the bond market has already responded to the coming change in leadership. The yield on the 10-year Treasury topped 4.4% on Wednesday, hitting its highest level since July during the session. On Thursday, yields were lower, with the 10-year Treasury at about 4.34%, down from nearly 4.43% as the Federal Reserve announced another quarter point rate cut. The…
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LONDON–(BUSINESS WIRE)–Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today announced that Pershing Square Capital Management L.P. will hold its third quarter investor conference call on 21 November 2024 at 16:00 GMT (11:00 EST). During the call, CEO Bill Ackman and the other members of the Pershing Square investment team will provide an update on the portfolio and address questions emailed in advance by investors to: ir@persq.com. An audio webcast of the conference call will be available on PSH’s website at www.pershingsquareholdings.com. Following the call, a replay of the event will be available by audio webcast until Thursday, 5 December 2024…
Lance Stroll’s off-track antics during the Brazilian Grand Prix sparked criticism, with former racing peer Jarno Opmeer and pundit Timo Glock questioning his place in Formula 1. Stroll, who drives for a team owned by his father, has often faced scrutiny as a “pay driver” despite his eight-year career and notable achievements, such as three podium finishes and a pole position. However, his performance during the Brazilian GP raised eyebrows when he went off-track on the formation lap, blaming his Aston Martin AMR24’s brakes for the incident. Stroll claimed that a sudden rear brake lock made him lose control, suggesting…
(Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target. “Economic activity has continued to expand at a solid pace,” the central bank’s rate-setting Federal Open Market Committee said at the end of a two-day policy meeting in which officials lowered the benchmark overnight interest rate to the 4.50%-4.75% range, as widely expected. The decision was unanimous. MARKET REACTION: STOCKS: The S&P 500 held a 0.66% gain after the…
In the aftermath of the Brazilian Grand Prix, former Formula 1 team owner Eddie Jordan expressed doubts about Lando Norris’s readiness to compete at Max Verstappen’s level despite acknowledging Norris’s raw speed. Jordan noted that, while Norris undeniably has the pace, his performance in Brazil, where Verstappen rose from 17th to victory, did not show the same level of skill or strategic maturity that defines top-tier champions like Verstappen. Starting from pole, Norris eventually finished sixth, a position that underlined his struggle to convert strong qualifying results into wins against seasoned competitors. Jordan pointed to Norris’s repeated inability to defend…
David P. Heintzman, a director at Stock Yards Bancorp, Inc. (NASDAQ:), recently sold 3,000 shares of the company’s common stock. The shares were sold on November 6, 2024, at an average price of $74.59, totaling approximately $223,756. Following this transaction, Heintzman holds 30,150 shares directly. In addition to the sale, Heintzman acquired 13,273 shares through the exercise of stock appreciation rights at a price of $40 per share, amounting to a total value of $530,920. These transactions reflect Heintzman’s ongoing management of his holdings in Stock Yards Bancorp. In other recent news, financial services firms Piper Sandler and Stephens have…
Mick Schumacher’s chances of returning to a full-time Formula 1 (F1) seat are rapidly diminishing. His uncle, Ralf Schumacher, a former F1 driver, stated that it is “rather unrealistic” for Mick to secure a spot on the 2025 grid unless he remains in a reserve role. Even that is uncertain, as Mercedes, where Mick has been a reserve driver since 2023, may choose to bring back Valtteri Bottas if talks with Sauber fall through. Mick had hoped for a return after his departure from Haas at the end of 2022, but as teams finalize their driver lineups, his options are…
Christian Horner, the team principal of Red Bull, has officially dismissed rumors suggesting that Carlos Sainz could be joining the team for the 2025 Formula 1 season. Despite widespread speculation over the future of Sergio Perez and Horner being spotted leaving the Williams motorhome at the Brazilian Grand Prix, he clarified that Sainz is not part of Red Bull’s plans. Reports had speculated that Horner might have been negotiating a potential release for Franco Colapinto or even discussing Sainz’s future, but Horner confirmed that the latter was not a candidate for next season. Carlos Sainz, who currently drives for Ferrari,…
In a recent transaction filed with the Securities and Exchange Commission, Laird James F Jr, a director at Diamond Hill Investment Group Inc (NASDAQ:DHIL), sold 5,000 shares of the company’s common stock. The shares were sold on November 6 at a price of $168.53 each, totaling approximately $842,650. Following this sale, Laird retains ownership of 20,000 shares in the company. This transaction sheds light on the director’s current stake in the investment advisory firm headquartered in Columbus (WA:), Ohio. In other recent news, Diamond Hill Investment Group Inc. has announced its asset management figures for October, September, and August of…
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Nice (NICE). Nice currently has an average brokerage recommendation (ABR) of 1.07, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold,…