Sending Data to Server.
Please Wait for a few seconds.
Thank You for being patient.
Yale’s Swensen Leaves Legacy of Proteges Across Investing
(Bloomberg) — Before David Swensen started working at Yale in 1985, its portfolio consisted mostly of plain-vanilla stocks and bonds. By diversifying into private equity, hedge funds and real estate, he put the endowment on a new trajectory, ultimately changing how universities and other institutional investors manage their money.Swensen, who died Wednesday of cancer at 67, managed Yale’s fund for more than half his lifetime. Valued at $31.2 billion, it’s the second-richest private-college endowment, after Harvard.Yale had been around for 300 years, and Swensen, as chief investment officer, saw his mission as providing funding for the university for another three centuries, said his longtime friend and a former chairman of the Yale investment committee, Charles Ellis.“Once you make the commitment to long-term investing, bonds have no place and conventional stocks are OK,” Ellis said in an interview. “Can you do better?”Swensen
Marathon Digital’s Bitcoin Story Faces Some Serious Questions
Marathon Digital (NASDAQ:MARA) has been one of the single biggest winners of the past year. Incredibly, over the past 12 months, MARA stock is up more than 12,000%. Some of that is due to how low shares plunged during March of 2020, of course. But the run has been incredible regardless. As recently as November, MARA stock sold for $2. Now it’s in the high $40s. Source: Shutterstock The reason for the recovery is pretty clear: Bitcoin (CCC:BTC-USD) is back. Last year, crypto’s star had dimmed a bit. But now, with aggressive central bank actions to bolster the economy, traders fear inflation and are buying assets such as Bitcoin as hedges. Marathon Digital, a Bitcoin mining company, has naturally benefitted from the abrupt change in sentiment. However, speculators have gotten ahead of themselves in MARA stock. Marathon Is Still a Tiny
OPEC+ Is Poised to Cool Down Oil Market With Extra Production
(Bloomberg) — OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices.There’s a widespread view within the group that the market can absorb additional barrels, according to people familiar with the deliberations. While the usual differences are present — with Saudi Arabia cautious and Russia keen to open the taps — all sides are ready to increase production, they said, asking not to be named because the information was private.That could put the group on track to implement the majority of the 1.5 million barrel-a-day output increase that’s up for debate on Thursday.An agreement to hike OPEC+ supply would be the latest sign that the global economy is recovering from the damage wrought by the coronavirus pandemic. The cartel has endured a year of pain, dominated by
Men Cleaning Car Interior. Caucasian Men Cleaning Car Interior. Professional Detailed Vehicle Maintenance
Vacuuming a car interior automobile detailing. Closeup of a man vacuuming a car interior in the process of detailing an automobile
Car interior. The luxury car cab interior , yellow soft leather seats, shift lever,center stack, steering wheel
Car interior, control panel, dashboard, radio system. Car inside interior, control panel, dashboard, radio system
Finding a good dividend involves more than just screening for high yields and long track records of annual payout raises. Many blue chip businesses would show up in that search, but only a few of these stocks will end up generating the type of market-thumping returns that income investors are reaching for.
That fact shines through when stacking up two Dow giants, Coca-Cola (NYSE:KO) and Home Depot (NYSE:HD). While the beverage titan has plenty of attractive investment qualities, Home Depot looks like the better dividend stock right now.
Sure, Coca-Cola pays a higher yield today, at over 3% compared with Home Depot’s 2%. But that gap is mainly due to investors’ judgments about the two companies diverging growth outlooks. Consumers are more focused on home improvements thanks to pandemic-related changes to shopping and work habits. These shifts have moved against Coke by severely
Will the housing market crash again? Maybe. Many aspects of the economy are cyclical, and housing prices do occasionally fall. Is a housing crash imminent? That’s harder to answer.
Some have sounded the alarm on housing for good reason. Consider the famous Case-Shiller Home Price Index, an inflation-adjusted metric created by Standard & Poor’s tracking housing prices. The index’s value was 100 back in the year 2000 and had been close to 100 when applying the index’s criteria backward to the 20th century. But since 2000, it has risen above 180 on two occasions. The first time preceded the housing crash of the Great Recession.
The second time the Case-Shiller index exceeded 180 is right now. In reality, it passed the mark way back in 2016, and it’s currently around 215. So no need to panic: Crossing 180 doesn’t immediately flip a housing-crash switch. It just shows housing prices have
A customer arrives at a Darden Restaurants Inc. Olive Garden location in San Antonio, Texas, U.S., on Thursday, June 14, 2018.
Callaghan O’Hare | Bloomberg | Getty Images
Darden Restaurants said Tuesday that it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fiscal fourth quarter.
Shares of the restaurant company rose 13% in trading. The stock, which has a market value of $7.1 billion, has dropped 45% so far in 2020.
In the week ended Sunday, Darden’s same-store sales fell 71% across all of its chains, which include Olive Garden, LongHorn Steakhouse and Cheddar’s Scratch Kitchen.
Olive Garden’s same-store sales have declined 34.5% so far in the fourth quarter, as of Sunday. Same-store sales at LongHorn steakhouse have fallen 36.4% in the same time period. But both chains are seeing significant spikes in to-go sales per restaurant. Olive
Yard, Garden & Outdoor
Create Your Own Outdoor Sanctuary
You don’t have to go far to get away. Whether you’re redoing the patio, weeding, installing a hot tub or planting an herb garden for all your culinary needs, eBay has the garden and landscaping tools to help give you the yard you’ve always wanted. Peruse our giant selection of tools, furniture and decor to make your yard the best in the neighborhood.
Stock Up on Seeds and Live Plants
Thinks of eBay as your online yard and garden supply shop. We have plenty of seeds and live plants that you can order online, including grass seed. Plants and seeds will be packed and shipped safely to you. Of course, we have the garden tools, outdoor equipment and garden supplies available online to help you prep your soil for planting, too.
Keep Your Lawn Looking Lovely
Raking leaves and mowing grass