A pre-election journey across Britain’s neglected north

A few days after the UK election was called, with one weather forecast predicting “a wall of rain and thunderstorms” across the north of England, I embarked on the first of many journeys by public transport. At Stockport’s recently renovated train station, the familiar words, “We are sorry to announce . . . ” bounced from the tannoys and…

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Visions of sanctuary, in life and art

Last week I was at Art Basel, walking through the fair’s Unlimited exhibition space, where monumental works and multimedia projects are on view. The hall was noisy and filled with what felt like thousands of people queueing to see interactive art installations, stopping to talk to one another or taking photos and selfies. (It’s always…

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Best summer books of 2024: Politics

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rebellion: How Antiliberalism Is Tearing America Apart — Again by Robert Kagan (Knopf/WH Allen) A brilliant analyst and polemicist, Kagan argues that the 2024 presidential election could be the last free election held in a…

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AVUV: A Rare Gem In The Small-Cap World

posteriori/E+ via Getty Images It’s been incredibly challenging to be a small-cap investor since 2021. Most small stocks are still trading below their respective 2021 highs, and large-caps have been all the rage. Passive, to put it simply, failed as an investment style for this segment of the stock market. But active value investing in…

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Humana: Medicare Advantage Will Never Be As Profitable As It Was (NYSE:HUM)

designer491 While most stocks have steadily risen, specific industries have been stuck in years of stagnation. The healthcare sector, led by insurance stocks, has faced chronic underperformance. For example, the iShares U.S. Healthcare Providers ETF (IHF) has not risen since 2021, as the insurance industry struggles with increasing costs and stagnated premiums. Humana (NYSE:HUM) has…

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New York or London — what’s your table talk style?

Last weekend I was savouring a delicious pea-and-mint risotto at a dinner party in London when a friend politely pitched a question to the other guests: “Do you mind if we have a single-table conversation?” The multinational crowd of politicians, business leaders and journalists concurred, and a passionate, wine-soaked debate ensued about the most important…

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Hitting defence targets is not as simple as money

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The warring factions in the UK election have found little space for agreement. But both main parties are pledging to increase defence spending, targeting 2.5 per cent of GDP. As usual with spending pledges, the…

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how designers are reimagining China’s cars

As soon as Chinese tech billionaire and Xiaomi founder Lei Jun took the wraps off the world’s first car produced by a smartphone company, automotive enthusiasts instantly knew the source of the design’s inspiration: the Taycan by the 93-year-old German carmaker Porsche. The Xiaomi SU7, unveiled in December and launched in March, has rocked the…

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LinkedIn’s makeover lacks one thing: humour

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the olden days, say about five years ago, LinkedIn was a fairly straightforward proposition: job hunters, contractors and entrepreneurs met recruiters, employers and investors.  Then, during the pandemic, things got peculiar as the division…

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French trust Marine Le Pen’s RN most on economy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French voters trust the far-right Rassemblement National more than any other party to manage the economy and public finances despite its unfunded tax cutting and spending plans and lack of government experience. The findings in…

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My Top 3 Stock Picks For 2024: Mid-Year Update

simarik The stock market in 2024 has been rallying without any meaningful pullbacks, leaving in the back mirror any concerns about reigniting inflation, overheating economy, or decade-high interest rates impacting consumer sentiment. All the major indices hit their all-time highs at some point this year; however, year-to-date returns have been concentrated in a handful of…

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Sprott Focus Trust: Widening Discount And Differentiated Portfolio (NASDAQ:FUND)

D3Damon Written by Nick Ackerman, co-produced by Stanford Chemist The closed-end fund Sprott Focus Trust (NASDAQ:FUND) (MUTF:XFUNX) hasn’t performed very well since our prior update. The fund’s discount at that time, while at a double-digit discount, didn’t translate into a relatively attractive valuation. Some of the weaker performance was due specifically to the discount widening…

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Renminbi likely to draw fire as trade tensions mount

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief economist at ANZ The renminbi is likely to increasingly become an issue of international consternation. China is searching for ways to sustain growth in the face of domestic and global constraints….

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Inditex: No Stopping The World’s Premier Fast Fashion Compounder (OTCMKTS:IDEXY)

bestravelvideo/iStock Editorial via Getty Images Apparel retailer Industria de Diseño Textil, or ‘Inditex,’ (OTCPK:IDEXY) continues to go from strength to strength. Despite intense competition from incumbents (H&M (HNNMY)) and upstarts (Shein) alike, the business remains as profitable as it’s ever been. Growth hasn’t slowed either. Since I last covered the stock (see Inditex: Fast Fashion…

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Qualcomm: Generative AI & Impressive Diversification Signal New Growth (NASDAQ:QCOM)

xxmmxx/iStock via Getty Images We previously covered QUALCOMM (NASDAQ:NASDAQ:QCOM) in March 2024, discussing why it remained a Buy, thanks to its growing diversification across different end markets with it also being a beneficiary of the ongoing generative AI boom. With these opportunities likely to trigger new growth opportunities, we believed that the stock continued to…

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Howard Bernstein, Manchester’s champion, 1953-2024

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The remaking of post-industrial Manchester ranks among the most remarkable English economic stories of recent decades. Sir Howard Bernstein was its chief author. As chief executive of Manchester council, Bernstein, who died on Saturday aged…

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Verizon Stock: Low Growth Shouldn’t Worry Income Investors With A 6.6% Yield (NYSE:VZ)

RiverNorthPhotography Verizon Stock: Strong Support Above $40 In my previous Verizon Communications (NYSE:VZ) article, I highlighted that VZ appeared to have consolidated well above the $40 support level. I indicated that VZ’s recovery has remained intact, suggesting that the worst is likely over. Since my previous article, VZ has underperformed the S&P 500 (SP500). However,…

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9 Stocks I’m Buying As Consumer Spending Stalls

domin_domin/iStock via Getty Images Once again, I’m feeling like a mosquito in a nudist colony… where do I begin? There’s a veritable buffet of information to imbibe this week, so I won’t waste time by way of introduction. Here’s the table of contents: Stock market breadth is thinning faster than George Costanza’s hairline Consumer vs….

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Kinder Morgan Stock: Low-Risk Capacity Expansion Projects Driving Value Growth (NYSE:KMI)

Suphanat Khumsap/iStock via Getty Images Kinder Morgan (NYSE:KMI) is a defensible midstream infrastructure operator, generating the majority of their earnings from long-term fixed-price contracts with customers. KMI is currently trading at a 5.8% dividend yield and has been paying a rising dividend since 2016. The growing natural gas production in the US is also opening…

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Why I Quit Buying Rental Properties To Buy REITs Instead

alexsl/E+ via Getty Images Last August, I explained in an article why I think that REITs are better investments than rental properties in most cases. In short, studies show that REITs are more rewarding investments because they enjoy: Significant economies of scale Better access to capital Development capabilities to earn better yields and create value…

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