For 44 years this investor held aces in the long-bond game. He just folded.
Lacy Hunt’s about-face on long-term Treasurys marks the end of an era. Here’s what it means for your money.
Lacy Hunt’s about-face on long-term Treasurys marks the end of an era. Here’s what it means for your money.
Check your mailbox lately? There’s a decent chance a bank dangled a few hundred bucks in front of you to open a new checking account. Tempting. But it points to a better question: How many bank accounts should you actually have? One? Five? Somewhere in between? For decades the standard answer was simple — one…
Outsourced CIO provider and asset manager Russell Investments announced Thursday that it will be sold to a consortium of investors, namely venture capital firm B Capital Group Management L.P. and the California Public Employees’ Retirement System. The transaction, reportedly valued at $2.8 billion, is expected to close in the first quarter of 2027, pending regulatory approvals. Russell…
Anthony Mathew Eisen, a director at Block, Inc. (XYZ +1.90%), sold 18,000 shares of Class A Common Stock between July 9, 2026 and July 13, 2026, according to an SEC Form 4 filing. Transaction summary Metric Value Transaction value $1.4 million Shares sold 18,000 Post-transaction shares (directly held) 1,838,672 Post-transaction value $144.74 million Key questions…
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Student loan defaults reached a record high, with 9.52 million borrowers in default, as of March, according to new data from the Office of Federal Student Aid. The numbers have surged since loan payments came due following a more than 3.5-year-long COVID-19-era moratorium. While payments technically resumed in October 2023, the Department of Education provided…
All eyes will be on Meta Platforms (META 0.30%) on July 29. That’s when it reports second-quarter earnings, and there will be one major question looming on that date: Will Meta Platforms launch a cloud computing business? If CEO and founder Mark Zuckerberg makes an announcement about a cloud computing platform, I think the stock…