Why the USO oil ETF is a better buy than crude futures as the Iran war rages
The United States Oil Fund has climbed by 58% since the start of the Iran war, more than double the gain of WTI crude futures.
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Can Captive’s Hands-On Vetting of Bars Provide Answer to SC Liquor Liability Crisis?
For almost eight years now, South Carolina bars, restaurants and music venues have faced a sobering situation brought on by a 2018 state law that requires at least $1 million in liquor liability coverage: Pay unaffordable premiums or shut their doors altogether. Multiple establishments, including some favorite watering holes and concert arenas across the state,…
Dr. Fauci, the Lockdown Czar, just won’t go away
Last week, Senator Rand Paul released Dr. Anthony Fauci’s unflattering diary. This morning, Dr. Fauci, the COVID czar, was on the hot seat when he appeared before the U.S. Senate’s Homeland Security and Government Affairs Committee. These hearings were a nothing-burger. Dr. Fauci took the Fifth, 111 times. Remember Dr. Fauci? He led the charge,…
US corporate bankruptcies hover at 16-year high: S&P
Dive Brief: The total number of larger U.S. corporate bankruptcy petitions filed this year through June ticked up to 372, just above the 371 total in the year-earlier period, keeping it hovering at the highest level since 2010, according to a Monday report from S&P Global. In the first six months industrial companies filed the…
UK Defense Stocks Rally as Healey Takeover Signals Higher Fiscal Spending
London equity markets registered immediate gains across defence and aerospace contractors after Prime Minister Andy Burnham appointed former Defence Secretary John Healey as Chancellor of the Exchequer. Shares in major prime contractors advanced as institutional investors priced in expectations of an accelerated timeline for UK defence capital allocation. Healey’s transition to Number 11 Downing Street…
Why Verizon Stock Topped the Market on Thursday
The latest implementation of a shifting retail strategy was the spark that lit the fuse under Verizon Communications (VZ +2.37%) stock on Thursday. Cheered by the move, investors pushed the big telecom’s stock up by more than 2%, on a day when the S&P 500 index only ticked up by 0.4%. Franchises on the rise…
Senate committee drafts wide-ranging tax administration bill
The Senate Finance Committee released a so-called “Chairman’s Mark” of the Taxpayer Assistance and Service Act ahead of a markup hearing Thursday of a sprawling bipartisan bill that would add new requirements for the Internal Revenue Service as well as tax preparers, including continuing education for unlicensed preparers. Processing Content Senate Finance Committee chairman Mike…
