Georgia county purges Democrats from election board and cancels Sunday voting
The takeover in Spalding county is part of Republican efforts to dominate elections mechanisms nationwide Yoshunda Jones protested against he elimination of Sunday voting in Spalding county, Georgia, inOctober 2021. Photograph: Jim Oliphant/Reuters The judges met, in private, over a two-day period in May, for what might seem like a minor task: to choose the fifth member of an elections board in rural Spalding county, Georgia. But the meetings were by no means routine. There is no record of theirnews.yahoo.com
Market is at 'speculative peak' as Reddit traders fuel GameStop, money manager says
Speculation in the stock market is soaring. The GameStop frenzy even caught the attention of billionaires CEOs Chamath Palihapitiya and Elon Musk. To a degree, this is a culmination of how 2020's macroeconomic events impacted the stock market, said Mark Yusko, CEO, chief investment officer and founder of Morgan Creek Capital Management. Usually, when those questions arise, it's time to call the peak, Johnson acknowledged. "The percentage of the Nasdaq 100 that is free cash flow or cash flow positive is 99% versus 80."cnbc.com
'Big Sam' pulls off another stunner at Anfield in EPL
West Bromwich Albion's manager Sam Allardyce shouts during an English Premier League soccer match between Liverpool and West Bromwich Albion at the Anfield stadium in Liverpool, England, Sunday Dec. 27, 2020. (Clive Brunskill/Pool via AP)A trip to Anfield has become the most daunting match in English soccer. Unless, that is, you are Sam Allardyce. Go back to April 2017 and it was Allardyce who led Crystal Palace to a 2-1 win over Liverpool at Anfield. Indeed, Allardyce is unbeaten in each of his last four league games at Anfield.
US agencies, companies secure networks after huge hack
WASHINGTON – U.S. government agencies and private companies rushed Monday to secure their computer networks following the disclosure of a sophisticated and long-running cyber-espionage intrusion suspected of being carried out by Russian hackers. The intrusion was stark evidence of the vulnerability of even supposedly secure government networks, even after well-known previous attacks. U.S. authorities acknowledged that federal agencies were affected by the breach on Sunday, providing few details. The national cybersecurity agencies of Britain and Ireland issued similar alerts. SolarWinds is used by hundreds of thousands of organizations around the world, including most Fortune 500 companies and multiple U.S. federal agencies.
Boom in exchange traded funds continues with socially responsible investing and active management
On the surface, the growth story for exchange traded funds continues: The U.S. ETF business ended 2019 with $4.4 trillion in assets under management, a 30% increase from 2018, according to etf.com. It's still small: ESG funds account for only $20.9 billion in ETF assets under management, or about 0.4% of the roughly $4.5 trillion the entire industry controls. 2) More active management: Several mutual fund companies have applied for the right to convert existing actively managed funds into an ETF wrapper. "The cannabis ETFs and cannabis stocks are half-off what they were a year ago. The race to zero fees is producing a few big winners and a lot of others left behind.cnbc.com
Why this strategy has been a boon to investors over the last decade
Although the reasons for the shift are varied, lower cost has been a big driver and a boon for investors. Passive investing, when it comes to index funds and ETFs, generally refers to the nature of how these choices work. With actively managed mutual funds, on the other hand, gains or losses depend on the investment choices of the fund's managers. This makes them more tax-efficient than actively managed mutual funds, which pass along profits to shareholders in the form of capital gains, which are taxable. That figure for passive ETFs was 0.45% and for actively managed ETFs, 0.6%.cnbc.com
Bond ETFs are seeing huge inflowsbut we're not at the peak yet, expert says
Investors have flocked to bond-based exchange-traded funds in droves since the end of 2018, according to Morningstar, with the popular iShares 20+ Year Treasury Bond ETF, ticker TLT, seeing $4.8 billion in net new money year to date. U.S. equity ETFs lagged these gains dramatically, seeing inflows rise just 3%. "We're seeing a flight to quality," CFRA's Todd Rosenbluth said Friday on CNBC's "ETF Edge." "So, investors have pushed down yields, and as a result, they're using ETFs to be able to take on additional risk." "We think we're going to see further adoption," he said, noting that some broad-based stock ETFs including iShares' Core S&P 500 ETF, ticker IVV, and Vanguard's S&P 500 ETF, ticker VOO, have actually seen notable gains.cnbc.com