As investors seek opportunities to maximize their returns, special dividends have emerged as a compelling option. These one-time payments made by companies outside of their regular dividend cycle not only provide unexpected income to shareholders but also often lead to higher share prices in the market. According to Todd Castagno, a strategist at Morgan Stanley,
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The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year, but experts are cautious about maintaining this momentum through the year-end. The growth is expected to slow down in the next six months, with sales reaching approximately 15.7 million units, marking a modest 1.3% increase
In recent weeks, the world of cryptocurrency has witnessed a surge in volume and value of tokens linked to former President Donald Trump. As the November U.S. presidential election looms closer and the anticipation for the first public debate between Trump and his rival Joe Biden grows, the “PolitiFi” tokens have gained significant momentum. While
In early trade on Tuesday, the South African rand managed to recover some of the losses it faced in the previous session. The currency was trading at 18.0750 against the dollar, showing a more than 0.2% increase from its previous close. This positive movement came after the rand experienced a 0.8% decline against the dollar
As the second half of the year unfolds, fixed-income investors are urged to assess their portfolios and make necessary adjustments. Initially, there were expectations of multiple interest rate cuts by the Federal Reserve in 2019. However, the Fed has maintained the federal funds rate at the range of 5.25% to 5.50%. There is a growing
Bitcoin has been facing a downward trend in June, with a recent sell-off pushing its price down to the $62,300 range. This selling pressure is largely attributed to crypto mining companies selling off Bitcoin as their revenues have taken a hit. In the aftermath of the reward halving in April, cryptocurrency miners experienced a 50%
The increasing electricity demand from corporate America, especially Big Tech companies, coupled with the retirement of coal plants throughout the United States, is paving the way for a significant opportunity for renewable energy, as stated by UBS. This convergence of trends indicates that the U.S. will require an additional 850 terawatt hours of annual generation
Target, the Minneapolis-based discount retailer, has made a significant move to enhance its online marketplace by partnering with Shopify. This collaboration aims to bring new and trendier brands to Target’s website, allowing smaller or up-and-coming businesses using the Shopify platform to join Target Plus, the retailer’s third-party marketplace. This strategic alliance is expected to benefit
The past week has seen a significant decline in the price of Bitcoin, falling 2.4% in the past 24 hours to $62,850.7. This downward trend can be attributed to concerns over U.S. interest rates and anticipation of key inflation data, which has kept traders biased towards the dollar. The strong dollar, nearing a two-month high,
The Japanese yen faced fragility on Monday as the USDJPY pair approached crucial intervention levels, prompting government officials to reiterate their willingness to support the currency. At 159.93 yen, the USDJPY pair inched closer to the 160 yen mark, which had not been reached in over three decades. Previous government intervention in May had caused