It appears more investors are eyeing dividend stocks ahead of the Federal Reserve's interest rate decision in September.Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates."Investors are moving back toward dividends out of money markets, out of fixed income, but...
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A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty ImagesContrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be...
Classic car sales stall in Monterey auctions as new generation takes charge
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars...
Bronfman’s Paramount bid could keep Shari Redstone involved at the company
Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful.Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts...
The explosion of online sports betting is taking a toll on how people invest
Algerina Perna | Baltimore Sun | MCT | Getty ImagesThe explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed.That's the conclusion of a recent paper, "Gambling Away Stability: Sports Betting's Impact on Vulnerable Households." The authors found that sports betting...