Caution Keeps Fed on Sidelines After June Minutes
Bank of America Merrill Lynch expects the Fed to delay further rate hikes with caution after the June meeting minutes. Brexit fallout, weak U.S. jobs data, and global uncertainty keep officials split on hikes, with BofA estimating December at the earliest and potentially longer waits.
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Federal Reserve
U.S
Bank of America
Merrill Lynch
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Janet Yellen
Michael Hanson
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Bofa Merrill Lynch
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Hanson
LinkedIn Sale Tops SigFig Investor Picks After Microsoft Sale
SigFig users chased LinkedIn stock after its mid June sale to Microsoft, making LNED one of the week’s most traded and sold holdings. Investors tracked signatures, trends, and gains as the deal influenced portfolios across the SigFig tracking service.
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Microsoft
MSFT
LinkedIn
LNED
How we're performing USA's portfolio allocation by risk
SigFig tracks how America's investors allocate portfolios by risk with over half a million users and about $200 billion in assets. The data show aggressive allocation with 71 percent or more in equities, based on 5 day, 6 month averages, and a look at largest, most bought, and most sold holdings.
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USA
America
SigFig
BAC
AAPL
Netflix and Comcast join to bring service to Xfinity platform
Netflix works with Comcast to bring streaming to Xfinity, signaling a thaw in long strained ties. Credit Suisse downgrades a group of airlines, with American Airlines singled out as underperform due to fuel price hedging gaps and rising costs.
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American Airlines Credit Suisse
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Walgreens Boots Alliance Earnings Beat with Mixed Revenue
Walgreens Boots Alliance reported earnings that beat expectations while revenue fell slightly short of estimates. The stock moved after the release, with price details showing intraday shifts and market reaction to the results.
Investing 101 Can stocks make you rich in the long run
The piece argues stocks can grow wealth over time but not make you rich instantly. It highlights a 9.7% average annual return of the S&P 500 since 1928, compares bonds, and notes higher returns with riskier assets. The key message is to save first and invest in a diversified portfolio. An example shows saving $10,000 yearly at 10% for 30 years could reach about $1.6 million, versus $348,000 in a 1% savings account.
MENTIONED IN THIS ARTICLE
Standard & Poor
Index Fund Advisors
Hoverboard recall tops 500000 units nationwide
The U S Consumer Product Safety Commission announced a recall of more than 500,000 hoverboards from 10 companies due to dangerous lithium ion batteries. UL certification is urged, with refunds, repairs, or replacements offered. 99 incidents and over 2 million in property damage cited.
MENTIONED IN THIS ARTICLE
San Francisco
U.S
Consumer Product Safety Commission
Indus
Commission
Elliot Kaye
Underwriters Laboratories
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