With the Federal Reserve expected to cut interest rates in September, dividend-paying stocks could be set to outperform.That is because the dividend yields on these names will look more attractive compared to the returns offered by other income-generating assets, including bonds.Given the vast universe of companies paying dividends, it could...
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American demand for international trips drives ‘travel momentum’ and overall spending
Hinterhaus Productions | Digitalvision | Getty ImagesTravel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research."A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the...
Bitcoin rally helps create more than 84,000 new crypto millionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed,...
A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm.Mario Tama | Getty Images News | Getty ImagesFor over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles...
‘Vigorous give and take’: U.S. security advisor discusses economic curbs in rare trip to China
US National Security Advisor Jake Sullivan shakes hands with China's President Xi Jinping (R) during their meeting at the Great Hall of the People in Beijing on August 29, 2024. Trevor Hunnicutt | Afp | Getty ImagesBEIJING — U.S. national security advisor Jake Sullivan said he raised concerns about the country's...