The death of the 60-40 portfolio apparently has been exaggerated. That’s a portfolio made up of 60% stocks and 40% fixed-income assets. It has been the rule of thumb for asset allocation over the years. Read more…
The 2024 Olympics, in full swing, has transformed Paris with heavy security measures and high costs. Hosting the Olympics is an attractive draw for any city, but it is a gamble nonetheless, and Paris has Read more…
With the recent Europe travel boon finally petering out to be more in line with normal demand, airlines have been putting their efforts toward planning the sun-seeking period that begins when the weather starts to Read more…
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Wall Street is keeping one eye on the Federal Reserve this Tuesday as policymakers begin two Read more…
Though retirement is a top concern for many Americans, most need help understanding financial jargon and implementing simple habits that will increase their long-term savings. A practical and measurable approach to retirement can help people Read more…
BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate Read more…
Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Read more…
US Conference Board Consumer Confidence rose from 97.8 to 100.3 in July, above expectation of 99.8. Present Situation Index fell from 135.3 to 133.6. But Expectations Index rose from 72.8 to 78.2. Nevertheless, Expectations reading Read more…
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days. Bears are taking a Read more…
Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… Intraday bias in USD/JPY stays neutral at this point. Further decline is in favor as long as 155.36 support turned resistance holds. On the downside, decisive Read more…