Envestnet Asset Management Inc. cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,553,368 shares of the company’s stock after selling 54,664 shares during the period. Envestnet Asset Management Inc. owned about 1.04% of iShares Select Dividend ETF worth $187,926,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in iShares Select Dividend ETF…
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Mansory, renowned for their extravagant customizations, has now turned their attention to the Ineos Grenadier, a rugged off roader. The tuner has added a host of modifications, both inside and out, transforming the Grenadier into a truly unique vehicle. On the exterior, the Grenadier boasts a carbon fiber body kit, complete with a bulging hood, fender extensions, and roof attachments. The aggressive styling is complemented by additional lights, Mansory emblems, and new 20-inch wheels wrapped in chunky off-road tires. Despite these modifications, the Grenadier’s off road capabilities remain intact, thanks to its lifted suspension and rugged tires. The interior of…
Image source: Getty Images Back in June, ARK Invest suggested that the Tesla (NASDAQ:TSLA) share price could reach $2,600 by 2029. A lot of their thesis was based on the company’s robotaxi business. With less than a month to the (rescheduled) unveiling of Tesla’s robotaxi, now seems like a good time to take another look at the ARK thesis. Should investors be snapping up the stock today at $230? Robotaxis… finally? Tesla was supposed to unveil its robotaxi back in August. That didn’t happen, but the revised date is now less than a month away. It might be difficult to…
The 1966 Pontiac GTO marked a significant milestone in the muscle car era, transitioning from an options package to a standalone model. This year also ushered in a fresh design and a slight increase in length. The first-generation GTOs, available as hardtops and convertibles, captured the hearts of nearly 100,000 enthusiasts, earning the nickname “Goats” a moniker that initially met with mixed reactions from Pontiac. Fast forward to 2024, and a heavily customized 1966 GTO hardtop recently commanded a staggering $156,000 at auction. The vehicle, originally acquired as an unfinished project by a Massachusetts dealership, underwent a comprehensive restoration and…
Overview: The markets are continuing to be impacted by the possibility that Fed officials planted a press report to put 50 bp cut back on the table after the market had moved away from it after the recent jobs data and CPI. In the Fed funds futures, there is around an 80% of a half-point move on Wednesday discounted and about an 80% chance of a second 50 bp cut this year. This has taken a toll on the greenback and cut short the technical correction to last month’s slide. The US dollar is off against most of the world’s…
The S & P 500 is on the verge of something unexpected — especially for September. The broad market index entered the week less than 1% below a record last reached in July. That comes after the benchmark’s best weekly performance since November — rising 4%. Traders are also eagerly awaiting the Federal Reserve’s next policy decision, due Wednesday. The Fed is expected to cut rates by at least a quarter-percentage point. But Jonathan Krinsky of BTIG thinks a move to new highs could be short lived. “Given the run-up the last week into the upcoming FOMC, and the anticipation…
The telecom sector consists of companies that provide communication services through various technologies. These include wireless networks, broadband internet, and traditional landline services. Telecom stocks represent ownership in these communication infrastructure and service providers. The sector has evolved significantly with the advent of 5G technology and increased demand for data services. Investing in telecom stocks can offer several advantages. Many telecom companies provide steady dividend payments, appealing to income-focused investors. The sector often demonstrates stability due to the essential nature of communication services. Telecom firms may benefit from long-term growth in data consumption and connectivity needs. However, telecom stocks also…
By Gertrude Chavez-DreyfussNEW YORK (Reuters) – Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60% chance of a 50 basis-point rate cut by the Federal Reserve on Wednesday, LSEG calculations showed.That was up from 45% last Friday and from 25% following the release of an in-line U.S. consumer price index report last week.The Fed will hold a two-day policy meeting starting on Tuesday and is widely expected to reduce the benchmark overnight interest rate currently in the 5.25% to 5.50% range. The rate reduction, however, has turned…
By Gertrude Chavez-DreyfussNEW YORK (Reuters) – Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60% chance of a 50 basis-point rate cut by the Federal Reserve on Wednesday, LSEG calculations showed.That was up from 45% last Friday and from 25% following the release of an in-line U.S. consumer price index report last week.The Fed will hold a two-day policy meeting starting on Tuesday and is widely expected to reduce the benchmark overnight interest rate currently in the 5.25% to 5.50% range. The rate reduction, however, has turned…
The Ford Thunderbird Town Landau, once a pinnacle of American automotive luxury, now rests in a junkyard, a victim of time and neglect. Its boxy silhouette, a hallmark of the era’s design aesthetics, is marred by vandalism and missing wheels. The vinyl roof, S-bars, and wood grain trim that once exuded elegance have faded, leaving behind a ghost of its former self. Despite its current state, the car’s imposing stance hints at its past as a head turner. The Landau’s journey from the factory floor to the junkyard is a testament to the fleeting nature of automotive glory. Once a…