Author: News Room
Joe Biden faced a growing clamour among Democrats to drop out of the 2024 presidential race on the weekend despite stepped-up public appearances aimed at proving he is mentally fit to take on Donald Trump.Biden has two campaign events in the swing state of Pennsylvania on Sunday after a high-stakes primetime interview on Friday night failed to reassure fellow Democrats panicked by the 81-year-old’s shaky debate performance last week.“It’s the worst possible outcome,” one veteran Democratic operative told the Financial Times after Biden’s interview aired on ABC News. “Not nearly strong enough to make us feel better, but not weak…
Introduction In the past few months I have been taking advantage of the relatively low price of the preferred shares of Chatham Lodging Trust (NYSE:CLDT) as I think the risk/reward ratio looks pretty good right now. As it has been a while since I last discussed (NYSE:CLDT.PR.A), I wanted to double check on the recent financial results to make sure there are no unexpected surprises. For a more detailed overview of the hotel REIT’s assets and business focus, I’d like to refer you to this older article. Data by YChartsChatham’s financial performance remains robust – from the perspective of a…
A Pennsylvania woman who had recently completed her breast cancer treatment says she couldn’t believe her eyes after scratching off a winning $5 million ticket, according to lottery officials. Donna Osborne, 75, told Pennsylvania Lottery officials that she was at an airport with her daughter to visit family in Florida when their flight got delayed, according to a Pennsylvania Lottery news release. “It was delayed so many times, I decided to go home,” said Osborne, according to the release. Her daughter decided to move forward with the trip and flew to Florida alone. “If I didn’t leave the airport, I…
Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs Friday — rising nearly 2% and 3.5%, respectively, for the week. The first week of July continued the strength seen in June, the second quarter, and the first half of 2024. The S & P 500 technology sector was the big winner this past week, with Apple and Broadcom as our top Club stocks. Consumer discretionary and communication services, featuring…
President Joe Biden did not assuage Democratic anxieties about his 2024 reelection bid against former President Donald Trump during a highly-anticipated ABC News interview on Friday night, his first televised interview since his fumbling debate performance in June.On Saturday, House Rep. Angie Craig, D-Minn., officially called on Biden to bow out of the presidential race.”This is not a decision I’ve come to lightly, but there is simply too much at stake to risk a second Donald Trump presidency,” Craig said in a statement on Saturday morning. “That’s why I respectfully call on President Biden to step aside as the Democratic…
Today’s homebuying market remains in the hands of the sellers, with competition still hot and prices fluctuating. There are a few states that are slightly more affordable than others, Zillow found in a recent study. Cities in Texas and Florida make up most of Zillow’s top 10 best places for homebuyers. The two states make up seven of the 10 metros listed. These areas have slightly less competition, particularly thanks to new-build homes.”Prospective buyers in most markets today are feeling less intense competition than in recent spring shopping seasons. Pressure is easing up as mortgage rates raise costs and sellers…
I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes have seriously impacted at least one generation—Gen Z—negatively. Haidt suggests parents were simultaneously too permissive and too protective with this generation. They were too permissive with the rise of technology. In their defense, this technology was emergent, and nobody really knew how bad it could be, but both Gen Z…
Former President Donald Trump on Friday sought to distance himself from a closely aligned conservative group’s plans to radically reshape the federal government and American life should the former president win a second term. In a post to his social media site, Trump claimed, “I know nothing about Project 2025,” the name given to a playbook crafted by the Heritage Foundation to fill the executive branch with thousands of Trump loyalists and reorient its many agencies’ missions around conservative ideals. “I have no idea who is behind it,” Trump continued on Truth Social. “I disagree with some of the things they’re…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Political narratives are extremely hard to shift once they have set. There are still people who erroneously attribute Labour’s 1992 election defeat to Neil Kinnock’s over-exuberance at a party rally. Now, as the Conservative party digests the most unpalatable result in its entire history, the first battle will be to set the official version of why they lost. And since this is central to the looming leadership contest, the fight has already begun. In fact it started well before the election.Where all…
There are some excellent opportunities among high yield preferreds with the potential to capture stable double-digit yields. We are also seeing capital gains potential with some trading at steep discounts to par value despite a high chance of redemption at par in the next few years. In response to this opportunity, we have been posting our research such as our recent piece on Chimera Investment Corporation preferreds (CIM). There are, however, quite a few traps in the area as well so I want to shed equal light on the risks. One must tread carefully and fully research each company to…
