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Is Passive Investing Sabotaging Fund Managers?
The Wall Street Journal23d agoneutral
Is Passive Investing Sabotaging Fund Managers?

Mutual-fund managers can’t catch a break, and maybe they never will. Hedge-fund manager David Einhorn  caused a stir two years ago when he called markets “fundamentally broken.” Money regularly comes out of paychecks and pours into index funds tracking the S&P 500, buying stocks with no regard to value—only their weighting.

Bloomberg29d agoneutral
Robinhood Eyes Its First Bond Sale Backed by Credit Card Bills

(Bloomberg) -- Robinhood Markets Inc. is gauging investor interest in a bond backed by bills for its branded consumer credit cards, in what would be the firm’s first offering of its kind.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Says US Will Be Reimbursed 20% Rate for Hormuz TrafficTrump Embraces Australian Retirement System Backed by Larry FinkHormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for

Delta stock uneasy as jet fuel costs weigh on airline: Q2 earnings takeaways
Yahoo Finance Video33d agoneutralVIDEO
Delta stock uneasy as jet fuel costs weigh on airline: Q2 earnings takeaways

Delta Air Lines (DAL) flew past its second quarter estimates with the airway operator reporting revenue of $17.67 billion and adjusted earnings of $1.56 per share. While boasting strong demand, the airline is still contending with elevated fuel prices stemming from the US-Iran war. Yahoo Finance Senior Transports Reporter Pras Subramanian comes on Market Catalysts to analyze the biggest takeaways from Delta's earnings release.

Costco quietly makes a key credit card change
TheStreet34d agoneutral
Costco quietly makes a key credit card change

Costco treats credit cards differently from pretty much any other major retailer. Instead of taking any credit card and offering its own branded card with bonus perks, the chain has an exclusive credit card partner. For a long time, the warehouse club worked exclusively with American Express and ...

Dow Notches Fresh Record, Buoyed by Healthcare, Financial Stocks
The Wall Street Journal68d agoneutral
Dow Notches Fresh Record, Buoyed by Healthcare, Financial Stocks

Healthcare and financial stocks helped propel the Dow Jones Industrial Average to a fresh record Thursday, while tech stocks lagged behind after investors were rattled by Broadcom’s latest financial guidance. Shares in UnitedHealth Group a Dow component, rose 5.2% after Bank of America upgraded the stock. Financial stocks in the Dow including Goldman Sachs JPMorgan and American Express saw gains of 3.3% or higher.

Healthcare, Bank Stocks Buoy Dow Industrials
The Wall Street Journal69d agoneutral
Healthcare, Bank Stocks Buoy Dow Industrials

The Dow Jones Industrial Average rose Thursday while other indexes lagged behind thanks in part to gains in bank and healthcare stocks. “This is a non-chip rally,” said Jay Hatfield, chief executive officer and portfolio manager at Infrastructure Capital Advisors.