The humorist Will Rogers famously remarked that the return of his capital was more important than the return on his capital. Income and capital return are connected. Asset prices reflect future earning streams. Unfortunately, in this coronavirus-plagued world, income is becoming a problem. Unless assets are sold, investment income comes from interest, rents or dividends, […]
Is Walt Disney Co. a value stock? Many believe it is, since it satisfies many of the criteria for a high-quality stock with relatively low valuation. Prior to the pandemic, for example, Disney’s forward-looking P/E ratio was around 16— below that of the S&P 500 SPX, +1.68% . Fast forward 12 months, and “Disney’s financial […]
LOUISVILLE, Ky. — When former Vice President Joe Biden traveled to Kentucky in 2018 to stump for fellow Democrat Amy McGrath, he challenged voters to look in the mirror. “The question isn’t who Donald Trump is,” Biden told the crowd. “We know who he is. The question is: Who are we?” Now, Democrats – including McGrath as […]
President Trump on Friday broke with health experts, telling reporters that the coronavirus will “go away without a vaccine.” “This is going to go away without a vaccine, it’s gonna go away, and we’re not going to see it again, hopefully, after a period of time,” Trump said at the White House. “You may have […]
A day after the arrests of father and son Gregory and Travis McMichael in the killing of Ahmaud Arbery in Georgia, the head of a state law-enforcement agency said a neighbor who recorded a video of the shooting is also being investigated. Arbery, who would have turned 26 on Friday, was shot to death on […]
A new court document obtained Thursday by a newspaper in California shows Tara Reade, the woman who has accused Joe Biden of sexually assaulting her in the 1990s, told her ex-husband she was sexually harassed while working in then-Senator Biden’s office. According to the document, which was obtained by the Tribune in San Luis Obispo, California, Reade’s husband at the […]
German Chancellor Merkel speaks on COVID-19 measures after meeting regional leaders BERLIN (Reuters) – Russia’s GRU military intelligence service appears to have got hold of many emails from Chancellor Angela Merkel’s constituency office in a 2015 hack attack on Germany’s parliament, Der Spiegel magazine reported on Friday, without citing its sources. A spokesman for the […]
Asian markets rose in early trading Friday, following gains on Wall Street and a report that U.S. and Chinese trade negotiators spoke on the phone and agreed to further cooperation. Japan’s Nikkei JP:NIK jumped 1.8% and Hong Kong’s Hang Seng Index HK:HSI rose 0.9%. The Shanghai Composite CN:SHCOMP advanced 0.6% while the smaller-cap Shenzhen Composite […]
Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019; now he’s saying that bitcoin, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against inflation in the age of coronavirus. “ ‘If I am forced to forecast, my bet is it will be […]
Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 ETF Trust SPY, +1.20%, which offers investors exposure to S&P 500 index stocks, is widely considered […]