Author: News Room

You can significantly improve your investment performance by expanding your definition of corporate profitability. New research finds that Wall Street has been using a restricted definition of return on equity. As a result, individual investors and professionals both have unwittingly been shunning the stocks of companies that in fact are highly profitable while favoring companies whose profitability is relatively unimpressive. This limited definition of profit overlooks corporate expenditures on intangibles, such as research and development (R&D). Traditional accounting practice for decades has been to “expense” anything spent on intangibles — thereby reducing dollar for dollar what otherwise would be reported…

The Federal Reserve is going to have a difficult time wrestling inflation under control and that means more pain ahead for stocks and other assets, says Stephen Roach, former Morgan Stanley chief economist and now a senior fellow at Yale University. The U.S. economy could face stagflation, but not the variety seen in the 1970s and 1980s, Roach tells Barron’s. Inflation, though beginning to recede, will still be sticky and unlikely to return to the Federal Reserve’s 2% target anytime soon, he adds. Indeed, at this week’s annual spring meetings of the International Monetary Fund and World Bank, IMF Managing…

Former Director of National Intelligence John Ratcliffe testified before a federal grand jury Thursday in Washington, DC, as part of the special counsel’s criminal probe into the aftermath of the 2020 election. Former President Donald Trump had sought to block testimony from Ratcliffe and other top officials from his administration, but courts have rejected his executive privilege claims. The investigation led by special counsel Jack Smith has focused on January 6, 2021, and other efforts to overturn the presidential election. Ratcliffe is likely of interest to investigators because he personally told Trump and his allies that there was no evidence…

On a divided island, Joe Biden brought a message of unity. But his businesslike visit to Belfast contrasted with a leisurely “homecoming” tour of Ireland, which gave the land of his ancestors the kind of attention that larger countries can only dream of.In a visit to Northern Ireland lasting just 18 hours, the US president promised that his country would be a “partner for peace” in a region that marked the end of the “Troubles” conflict 25 years ago this week. Biden then spent three days in Ireland, visiting regions his ancestors emigrated from and taking time to connect with…

By Aram Green & Jeffrey Russell Keeping Pace as March Came in Like a Lion Market Overview At year-end, we had hoped to soon be past the macro/news domination of stock prices. However, the first quarter was marked by a banking deposit tsunami that broke with astonishing rapidity in March and resulted in further gyrations of future interest rate and inflation expectations. Through this tumult, the ClearBridge Small Cap Growth Strategy modestly outperformed the Russell 2000 Growth Index benchmark. January began with a rally most unloved by strategists and many investors. While there are some indications of easing negativity, this…

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The price of Bitcoin and Ethereum has risen, with both cryptocurrencies soaring by over 10%. As investors and traders closely monitor these developments, many questions whether their ascent is limited. Will this bullish trend continue, or are we approaching a potential peak? Let’s find out.BTC/USD is currently trading at 30,759, reflecting a 10% increase over the past seven hours. The rise in the price of the most popular cryptocurrency can be attributed to several factors, including improving market sentiment and positive PPI data that supports Bitcoin.Bitcoin Benefits from Positive US PPI DataAccording to a report issued on Thursday, the seasonally-adjusted Producer…

This is it. The media defamation trial of the century is on the precipice of kicking off in Wilmington, Delaware, in just days. Jury selection in Dominion Voting Systems’ monster $1.6 billion defamation lawsuit took place all of Thursday, with 300 potential jurors being summoned to court. Good progress was made and the presiding judge noted that there were “more than enough jurors” to start the trial as scheduled on Monday. It is there, in Courtroom 7E, where the biggest figures in Murdoch Media, accompanied by a throng of high-powered lawyers, will attempt to mount their defense after repeatedly failing…

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago. In a late Tuesday interview, Ceron said the government expects to double the foreign share of domestic public debt to around 20% by 2026. He cited demand at four times last week’s offering of a $2.25 billion sovereign bond issue, Brazil’s first since 2021, as evidence of renewed foreign interest. “The external issuance proves this clearly. We feel…

By Peter Nurse Investing.com – The U.S. dollar slumped to a one-year low in early European trade Friday on raised expectations that cooler-than-expected inflation data will result in an early end to the Federal Reserve’s rate-tightening cycle. At 02:00 ET (06:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 100.515, trading at levels last seen in April last year. The index is on course for a weekly decline of more than 1%, its steepest since January. These dollar losses followed the release of the March U.S. , which fell 0.5%…