Longleaf Partners, managed by Southeastern Asset Management, released its second-quarter 2026 investor letter for its “Small-Cap Fund”. A copy of the letter can be downloaded here. The letter states that the portfolio holdings are attractive now based on both P/V and P/FCF metrics; however, market winners have gone far higher than fair value. The Fund returned…
By Lucia Mutikani WASHINGTON, July 14 (Reuters) – U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase from the Federal Reserve this year off the table against the backdrop of renewed conflict in the Middle East….
The IBM (IBM) turnaround just hit a major speed bump. IBM stock fell 24% in early trading after an unexpected pre-earnings warning from the company. The tech giant’s stock is poised to have its worst day ever, dating back to 1961, strategist Mike Zaccardi pointed out on X. The stock lost 23% in a single…
According to the Zillow lender marketplace, the average 30-year fixed rate is 6.42% today, Tuesday, July 14, 2026, down 2 basis points since yesterday. The 15-year fixed loan is currently at 5.92%, 10 basis points higher than yesterday. The 5/1 ARM is 6.57%, 14 basis points higher than on Monday. Weekly survey of mortgage lenders with…
US stocks wavered on Tuesday morning as markets assessed a cooler-than-expected consumer inflation report, recalibrated bets on the AI trade, and monitored rising oil prices amid the renewed US-Iran war. The Dow Jones Industrial Average (^DJI) slipped 0.3%. The S&P 500 (^GSPC) rose 0.2%, and the tech-heavy Nasdaq Composite (^IXIC) rose 0.5% Investors parsed a…
A federal judge on Monday ruled that President Trump’s $10 billion lawsuit against the IRS over the illegal release of his personal tax records was an improper attempt to manipulate the legal process to his own advantage. The lawsuit was never formally litigated and instead resulted in a highly unusual agreement between Trump and the…
Oil refiners have stumbled into one of the best profit environments in years. Crude prices have fallen back to where they traded before the Iran war erupted. But gasoline, diesel, and jet fuel remain stubbornly expensive. That combination has pushed refining margins to extraordinary levels, giving refiners a windfall that few expected just weeks after…
While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution and the growth in the Permian oil production have allowed the U.S. not only to retain the top spot ahead of…
There isn’t a universal answer to whether a gold IRA makes sense. The answer depends on how physical precious metals are intended to work within a retirement strategy, alongside factors such as investment horizon, diversification, costs, and portfolio structure. A gold IRA allows investors to hold IRS-approved physical precious metals inside a retirement account. Unlike…
People often use the phrase buying gold as though it describes a single investment. In practice, buying gold can mean buying shares of a fund, purchasing physical metals inside a retirement account, or owning coins and bullion directly. Buying shares of a gold exchange-traded fund (ETF), purchasing IRS-approved precious metals inside a self-directed gold IRA,…
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