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One thing you hate is when a shibboleth that’s meant to exert and exact discipline actually loses you money. That’s how I have been feeling about the idea that giving up on value is a sin. Since the late ’80s, I have held that if you think that a company, or its brand, is valuable, you must fight to “keep it on your sheets,” the genuine Wall Street gibberish for holding on to the stock. But lately it’s been a bear for my Charitable Trust, the portfolio we use for the Investing Club, and I would apologize except it’s worked…

Companywide profit increased, the result of hit movies and streaming growth. But Disney said softening theme park demand “could impact the next few quarters.” Source link

Week 2 of the 2024 NFL preseason comes to an end tonight when the San Francisco 49ers face the New Orleans Saints at Levi’s Stadium. This matchup is San Francisco’s only home game of the preseason as the 49ers look to bounce back after a loss in their preseason opener against the Tennessee Titans.Watch Saints vs. 49ers on SlingTonight’s game marks the fourth preseason meeting between the two teams and the first since 2011. The Saints lead the all-time preseason series, 2-1. Here is everything to know about how to watch the New Orleans Saints vs. San Francisco 49ers game tonight, including the…

Although the U.S. housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. In comparison, total U.S. home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash. The study…

Before becoming an independent earlier this year, Sen. Joe Manchin of West Virginia had long been one of the more conservative Democrats in the upper chamber.Manchin, who often laments the once-unshakable level of bipartisanship that was an earlier hallmark of the Senate, previously floated running for president — while criticizing President Joe Biden for some of his more left-leaning policies.After Biden stepped aside as the Democratic presidential nominee last month, Manchin briefly opened the door for a potential campaign.But Vice President Kamala Harris quickly secured support from Democratic leaders, and Manchin shut down the campaign idea.Within days, Harris’ political stock soared…

Haitham Mohamed Ibrahim has declared a cholera epidemic due to contaminated drinking water and weather conditions.Sudan has been stricken by a cholera outbreak that has killed nearly two dozen people and sickened hundreds more in recent weeks, health authorities said. Health Minister Haitham Mohamed Ibrahim said in a statement on Sunday that at least 22 people have died from the disease, and that at least 354 confirmed cases of cholera have been detected across the war-torn country in recent weeks. On Saturday, he declared a cholera epidemic in Sudan and noted that the outbreak was “because of the weather conditions…

Jeremy Madix, the brother of former Vanderpump Rules star Ariana Madix, was arrested at his home in Oceanside, California back on July 10 and extradited to Orange County, Florida. According to legal documents obtained by various celebrity gossip outlets, Madix was charged with one count of trafficking in cannabis over 25 pounds stemming from an incident that took place on February 16. Jeremy Madix attends the 2019 Pre-GRAMMY event presented by OK!, Star, In Touch and Life & Style magazines at the Liaison Restaurant on February 7, 2019 in Los Angeles, California. (Photo by Paul Archuleta/Getty Images) The arrest warrant…

Justin Ishiba’s property on Winnetka’s waterfront in July 2024. Photo: Larry Malvin Photography Winnetka, Illinois, has long been considered Chicago’s marquee suburb with hotel-size homes at the end of heated driveways and faux-French country houses overlooking Lake Michigan. Popular with big-brand CEOs and lawyers, and familiar to non-Winnetkans as the setting of Home Alone, Ferris Bueller’s Day Off, and nearly every John Hughes movie ever made, it is a place where titanic wealth meets midwestern folksiness. Four years ago, at the height of the pandemic, a mystery buyer began acquiring mansions along Winnetka’s waterfront and knocking them down. One of…

The economic worries that pummeled stocks in early August quieted further in recent days, enabling Wall Street to turn in its best week of the year. The tech-heavy Nasdaq Composite led the way, surging 5.3% on the week, followed by the S & P 500 , which advanced 3.9%, and the Dow Jones Industrial Average , which added 2.9%. It’s the largest weekly gain of 2024 for all three major averages. No Club holdings reported earnings over the past five sessions, but we did get a few important updates on the state of the economy. The July consumer price index on…