Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. Altfest founded Altfest Personal Wealth Management in 1983 after working as a general partner and director of research Lord Abbett & Co. Before that, he was an analyst for several…
Cargo theft ramped up during the pandemic, as the supply-chain snarls that upended so many businesses also provided thieves more opportunity to commit their crimes. Moreover, there was a shift in the types of cargo being stolen the most, mirroring the blend of scarcity and desirability wrought by the supply-chain problems that still leave businesses…
Read More “Cargo thieves loaded up during the pandemic. Here’s what they most like to steal.” »
The Dow Jones Industrial Average won’t be trading on Monday when the new Juneteenth federal holiday is observed, because the stock market will be closed, and so will many of the Dow’s components. That’s a relatively quick turnaround for the New York Stock Exchange and Nasdaq exchange to close for Juneteenth, just one year after…
Read More “Here’s how some Dow industrials companies are observing the Juneteenth holiday” »
Not many investors can claim a lifetime of stock-market success. Warren Buffett of Berkshire Hathaway BRK.A, -1.94% BRK.B, -1.39% comes to mind, of course, but what about Warren Kaplan? Who? Kaplan is an 85-year-old individual investor with 70 years of stock-trading experience. Kaplan grew up in a poor family in the Bronx, NY, but by…
US stocks were lower Wednesday, as investors awaited inflation data due at the end of the week and oil prices jumped after data showed a fall in gasoline inventories. What are major indexes doing? The Dow Jones Industrial Average DJIA lost 283 points, or 0.9% to 33,891 The S&P 500 SPX decreased 40 points, or…
This year’s stock market isn’t what it seems. “It wasn’t supposed to be this way!” That’s the refrain from many investors who are looking at a US stock market SPX decline so far this year of about 13% (the numbers change daily). Even worse, the total bond market is down – around 9%. That certainly…
