Author: IA PressRoom

Sure, you can buy dad a bottle of his beloved booze for Father’s Day. But why stop there? For the big holiday, which falls on June 18 this year, enterprising wine and spirits makers are putting together all sorts of fun packages that combine a bottle with something else. It’s a bit like those gift sets you see around the winter holidays, but with more flair and imagination in many cases. And it speaks to the fact that Father’s Day is becoming an ever-more important day on the retail calendar. Indeed, the National Retail Federation estimates that consumers will spend…

Midcap stocks occupy the middle market capitalization between large companies and small … [+] market-capitalization stocks. Despite underperforming the S&P 500, over the previous five and ten years, midcap stocks have outperformed them over the long term!getty As noted previously, the bull market in stocks has broadened, and small-cap stocks have outperformed after the jobs report on June 2 was mixed enough to allow the Federal Reserve to skip raising short-term interest rates last week. A more forgotten part of the stock market, midcap stocks, has also been revived recently after a moribund period. Through the end of May, midcap…

getty Annuities are setting sales records, thanks to higher interest rates, lower stock prices, and aging Baby Boomers. It’s been years since annuities were able to offer payouts comparable to today’s, and the annuities protect your principal and guarantee lifetime income. Since many people have significant portions of their retirement savings in IRAs or 401(k)s, they frequently ask whether their IRA or other qualified retirement account may own annuities. The answer is “yes.” The tax code allows IRAs, both traditional and Roth versions, to own annuities. The same goes for 401(k)s. IRAs aren’t allowed to own life insurance, and that…

Recent data out of Germany paints a bleak near-term picture for Europe’s economic powerhouse. Its economy entered a recession this year, and investor sentiment in the country recently fell at the fastest pace since the pandemic. The OECD now expects its growth to be the lowest among major economies in 2023. Its trajectory beyond this year is, however, a greater concern. Prevailing geopolitical headwinds — from Russia’s invasion of Ukraine to rising US-China tensions — have highlighted vulnerabilities in Germany’s international economic model and underscored its longer-term challenges.German chancellor Olaf Scholz has been ambitious in trying to reorient the economy…

© Reuters. People gather near the presidential palace during a protest as inflation is hitting 114 per cent, hurting salaries and spending power, with many blaming tighter policies they say are due to the deal with the IMF, in Buenos Aires, Argentina June 16, 2023. By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) – Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country’s huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. The South American country,…

Source: Adobe / Artsaba FamilyBinance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange’s assets.On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. Under the agreement, Binance Holdings, BAM Management US, BAM Trading Services, and founder Changpeng “CZ” Zhao will repatriate Binance.US customer assets. Furthermore, the US arm of Binance is prohibited from spending corporate assets other than to cover the costs of running its business and US customers are permitted to redeem from the platform.The deal also bans Binance Global from accessing private keys of…

Warning: MIXT is at high risk of cutting its dividend

Reading, Pennsylvania CNN  —  Reading, the fourth-largest city in Pennsylvania, may be most recognized for the iconic Monopoly board game’s Reading Railroad property. The railroad was one of the first in the US and was one of the biggest companies in the world in its heyday, connecting northeast Pennsylvania’s coal region with Philadelphia and the rest of the country. But the Reading Railroad went bankrupt in 1971. The last passenger train left Reading a decade later, and the city found itself detached from the rest of the country. Now Reading, a working-class city, is looking to regain its footing with…

Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000.  At the same time, Wharton’s Jeremy Siegel and Wedbush Securities’ Dan Ives don’t think that will be the case.  Here’s a selection of the most recent expert views on this year’s AI stock boom.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The stunning rally in artificial intelligence-related stocks this year surprised even equity bulls, but…

Companies cite productivity concerns. Employees say it’s about control. Workplace experts point to companies sitting on billions of dollars of commercial property, and tech firms that over-hired during the pandemic, and are now looking to cut their workforce by pushing people to make a choice: go back to the office — or else. Silicon Valley companies are doubling down on their efforts to get employees back to the workplace. Alphabet Inc.’s Google, Facebook owner Meta META, -0.29% and Amazon AMZN, -1.27% are pushing to increase the number of employees working at the office. Some Wall Street banks have also joined…