A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...
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Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter...
Millionaires are abandoning the UK in droves, new research shows
Zhangkun | Moment | Getty ImagesLONDON — A record number of millionaires is expected to leave the United Kingdom this year, according to new research, with this year's general election expected to further exacerbate the exodus.The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of...
Boeing delays Starliner return by ‘weeks’ for testing, NASA says astronauts aren’t stranded
Boeing's Starliner spacecraft is pictured docked to the International Space Station orbiting above Egypt's Mediterranean coast on June 13, 2024.NASANASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for returning the capsule to Earth, the organizations announced Friday.Boeing's Starliner...
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
A Levi's store at the Orlando Vineland Premium Outlets in Florida.Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim."Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic.Western wear is booming...