Author: prosperplanetpulse.com
new york – Wall Street had a muted day of trading on Monday, with major stock indexes mixed and more market milestones.The Standard & Poor’s 500 and Nasdaq Composite rose 0.1% and 0.3%, respectively, to record highs, while the Dow Jones Industrial Average gave up early gains to close down 0.1%.The index has been climbing steadily over the past few months, helping to propel the benchmark S&P 500 to a record high of 35 this year.”The current market is strong and stable in an almost unprecedented way,” said Mark Hackett, head of investment research at Nationwide. “To have such consistent…
President Biden’s poor performance in the first presidential debate last month has sparked panic within his party and even among his supporters. Calls for Biden to drop his candidacy have been gradually growing over the past two weeks, with little change in the past two weeks, with the November election two weeks away. In recent interviews, the president has more forcefully rejected those calls, but has not been able to dispel the underlying concerns.This is a complex and very difficult situation for the president and his party. It involves many overlapping questions, most of which have no clear answers. Given…
Tiffany K. Hage, Co-Founder and Managing Partner of Citation Capital [Photo: Citation Capital] Dallas-based Citation Capital is a “next-generation” PE firm founded in 2023 by Tiffany K. Hajj and Liddie B. Hudson. Capital Constellation is a collaborative asset ownership platform based in New York City. The amount of investment has not been disclosed. Citation specializes in partnering with founder and family-owned businesses, and last October it announced its first investment, a majority stake in better-for-you snack maker Cibo Vita. marchThe company has partnered with New York nonprofit Ownership Works to implement an “extensive shared ownership program” within its portfolio. In…
The fashion industry had been talking about a deal to combine Saks Fifth Avenue and Neiman Marcus for years, maybe decades, but when it finally happened last week, it came with an unexpected twist: Amazon. The e-commerce giant is one of the players investing in the $2.65 billion deal that will see Richard Baker’s HBC buy Neiman Marcus and merge it with Saks to form a new entity called Saks Global. Cloud-based commerce company Salesforce is also set to invest when the deal closes. It’s a deal that comes with a lot of questions. Will a merger between America’s two…
Morgan Stanley’s Mike Wilson said in an interview with Bloomberg that traders should prepare for a stock market correction due to uncertainty surrounding the U.S. presidential election, corporate earnings and Federal Reserve policy. “It’s very likely we’ll see a 10% correction between now and the election,” Wilson told Bloomberg Television, adding that the “third quarter is going to be volatile.” Anticipation of two Fed rate cuts this year and talk of artificial intelligence have helped it rise 17% this year, following a 24% surge in 2023. Even Wilson, a longtime bear, has adjusted his stance since the past few years.…
The Department of Homeland Security took steps Monday to ramp up development of digital wallet technology, announcing six startups the department is partnering with to help protect the privacy of travelers who use digital credentials.Credence ID, Hushmesh, Netis doo, Procivis, SpruceID and Ubiqu have each been awarded separate contracts with the DHS Science and Technology Directorate to support the department’s efforts to secure the virtual identities of Americans who travel using online ID documents. “DHS is the authoritative source for the most valuable credentials issued by the U.S. federal government to verify cross-border travel, work eligibility, residency status and citizenship,”…
Three things are true about President Biden: He has done a great job as president. He has been treated ludicrously badly. His every word and physical faux pas has been dissected with a level of scrutiny far beyond that applied to the incoherent torrent of lies and vulgarity uttered daily by Donald Trump. And he should probably step down as his party’s presidential nominee in favor of Vice President Kamala Harris.Anyone who follows American politics and policy knows what an incredible job Biden has done. For decades, America seemed unable to act to secure its future, but Biden, despite having…
Washington CNN — Records show a top Parkinson’s disease specialist met with President Joe Biden’s physician at the White House earlier this year, but the circumstances of the meeting are unclear. Dr. Kevin Canard, a neurologist at Walter Reed National Military Medical Center, met with White House physician Dr. Kevin O’Connor at the White House in mid-January, according to White House visitor records. Visitor records show Cannard has visited the White House three times this year, meeting with O’Connor on Jan. 17 and with other staff members on Jan. 26 and March 28. Records show Cannard visited the White House…
Down icon An icon in the shape of a downward angle. An AirAsia flight attendant in front of an AirAsia Airbus A320. Lim Huey Teng/Reuters Airline ratings company Skytrax has released its 2024 list of the world’s best low-cost airlines.AirAsia has been named the world’s top low-cost airline for the 15th consecutive year. Allegiant Air is the highest-ranked U.S. airline on this list. AirAsia has been named the world’s best low-cost airline, according to a traveller survey conducted by travel industry ratings firm Skytrax.Skytrax released its latest survey results in June as part of its 2024 World Airline Awards, naming…
(The Center Square) — A recent water main burst in Atlanta has attracted national attention after reports emerged that some of the burst pipes were decades old.Jennifer Perkins, senior government industry specialist at Siemens-owned Brightly Software, shared further insights in writing with The Center Square on how the technology can benefit the nation’s infrastructure.Why do infrastructure failures keep happening?Much of America’s infrastructure was built more than 50 years ago and is at or beyond its expected lifespan. It was never designed for today’s population, vehicle weight, or water needs. What’s more, until recently, local governments did not have the financial…