A joint session of Congress remains on recess Wednesday evening after protesters broke into the Capitol building during a joint session meant to officially confirm President-elect Joe Biden’s victory in the November presidential election, though many members say the proceedings will resume some time Wednesday night. The building was first …
Read More »Key Words: Next year looks like it will be ‘catastrophic,’ U.N. warns
Getty Images Looking forward to finally turning the page on 2020 and optimistically embracing a reversal of fortune in the new year? Not so fast, according to the United Nations. “ ‘2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game’ ” …
Read More »Howard Gold’s No-Nonsense Investing: Pioneer of target-date funds looks to the future: hedging and ‘tail-risk’ strategies
Investment-research firm Morningstar recently bestowed an “Outstanding Portfolio Manager” award on Jerome Clark of T. Rowe Price, a pioneer in developing target funds for the Baltimore-based mutual fund giant. It was recognition for Clark himself, who along with his team members, launched T. Rowe’s first target-date funds in 2002, a …
Read More »British Airways’ looks to raise millions in art sale to ease coronavirus cash crunch
A painting by Bridget Riley valued at up to £1.2 million ($ 1.37 million) will kickoff a sale of British Airways’ corporate art collection as the struggling airline looks to raise cash amid an unprecedented global collapse in passenger demand caused by the coronavirus pandemic. Sotheby’s will offer 17 paintings, …
Read More »Futures Movers: Oil prices climb as OPEC+ looks to make up for missed output-cut targets
Crude-oil prices climbed on Thursday after a report that major producers at a an OPEC-led meeting of the Joint Ministerial Monitoring Committee, or JMMC, planned to make up for failing to fully meet their production-cut targets last month. The JMMC, which monitors compliance with OPEC output quotas, held gathering via …
Read More »Metals Stocks: Gold heads lower, but looks to end higher for the month
Gold futures headed lower Tuesday, as government bond yields and the US. dollar rose, putting pressure on the metal that has gained in the month and quarter against the backdrop of the COVID-19 pandemic. Losses for gold came on the back of the latest U.S. consumer confidence data, which showed …
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