Fixed-Income Investors Should Bring Flotation Devices in December

This article was originally published on ETFTrends.com. Since 2016, the Federal Reserve has hiked rates seven times and if Goldman Sachs’ forecast of five more rate hikes to come is correct, fixed-income investors might want to bring their flotation devices starting in December–not the apparatus that aids in keeping oneself above water, but fixed-income investments that feature a floating rate component. […]

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Finding out the Ex-Dividend Date for a Stock's Dividend

Existing shareholders of a company’s stock receive notification, typically by mail, when the company declares a dividend payment. Included in the information, along with the amount of the dividend, the record date, and the payment date is the ex-dividend date. Investors who do not already own shares of a company’s stock can find weekly listings of upcoming ex-dividend dates through […]

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Nobody hurt as fire damages Abilene Reporter News building

Nobody has been hurt in a fire that damaged the Abilene Reporter-News building and forced newspaper personnel to evacuate. Abilene Fire Department officials are seeking the cause of Thursday's blaze in the multi-story structure in downtown Abilene. Editor Greg Jaklewicz says a few people were inside the building when the fire broke out around 9:15 a.m. and everyone got out […]

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Utility continuing natural gas repairs through Thanksgiving

Work to restore heat and hot water to thousands of residents in Massachusetts who lost service because of natural gas explosions will continue on Thanksgiving, Columbia Gas said Thursday. The utility behind the September explosions that rocked Merrimack Valley north of Boston confirmed it will have some contractor crews working next Thursday, though company spokesman Dean Lieberman declined to say […]

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Senate confirms Kansas bank regulator Bowman for Fed board

The Senate on Thursday confirmed Michelle Bowman, a Kansas banking regulator, as a member of the Federal Reserve board. Bowman was approved on a 64-34 vote to fill the spot on the seven-member board reserved for someone with community banking experience. Continue Reading Below With her confirmation, President Donald Trump has now filled three vacant seats on the Fed board. […]

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Fed announces wide-ranging review of its practices

The Federal Reserve says it will conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability. The Fed says the review will also examine ways the Fed communicates with the public. Continue Reading Below In a statement, Fed Chairman Jerome Powell says with the economy […]

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Italy's church acknowledges looming tax bill after ruling

Italy's Catholic Church says it will open talks with the government to respond to a European Court of Justice ruling that says Italy has the right to recover millions of euros in property taxes. The Luxembourg-based court on Nov. 6 overturned a 2012 decision by the European Commission that said it would be impossible to recover tax revenue that non-profits […]

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Why Exxon Mobil's Stock Could Drop 15%

(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) Exxon Mobil Corp.’s (XOM) performance has been hugely disappointing to energy bulls who predicted that soaring oil prices to as high as $100 a barrel would sharply boost its shares. Instead, Exxon Mobil’s stock has fallen 14% off its high as oil prices plunged, and now the stock appears on a path […]

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Retail Giants Set Dow Back 200 Points

This article was originally published on ETFTrends.com. The Dow Jones Industrial Average fell 200 points as retail giants Amazon and Walmart struggled in the early trading session on Thursday. Walmart released its third quarter earnings that showed strong e-commerce sales to compete with Amazon, but they were received with mixed reactions. Nonetheless, Walmart CEO Doug McMillon was optimistic moving forward. […]

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