Buying bank stocks before a recession used to be madness. Not anymore
CNN
Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into recession.
The Stoxx Europe 600 Banks index, a group of 42 big European banks, climbed 21% between the start of the year and late February — when it hit a five-year high — outperforming its broader benchmark index, the Euro Stoxx 600 (SXXL). The KBW Bank Index, which tracks 24 leading US banks, has risen by a more modest 4% so far this year, slightly outpacing the broader S&P 500 (DVS).
Both bank-specific indexes have surged since lows hit last fall.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will assist with security at entrances and exits to ease TSA workload amid a partial government shutdown.
Janet Mills and her allies are counting on a gender gap to narrow Platner’s wide lead ahead of the June 9 primary to decide who will face incumbent Republican Sen. Susan Collins. They are betting that the unfiltered style that has brought Platner widespread attention as someone who could help Democrats reach young men will backfire with women.
Why do people “pledge allegiance” to a “state” that is no longer a state? And what spurs someone to not just attack innocent people, but to then make a statement of loyalty while doing so?
A Supreme Court case examining state deadlines for election ballots sent in the mail is just the tip of the spear in President Donald Trump’s war on mail-in voting.
As a shrinking number of Transportation Security Administration agents work to keep hourslong security lines moving despite not being paid, President Donald Trump stepped into the fray Saturday, announcing he will send Immigration and Customs Enforcement officers to airports by Monday if Congress doesn’t agree to a plan to end the partial government shutdown.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
The search for missing 84-year-old Nancy Guthrie, mother of “Today” show host Savannah Guthrie, has stretched into another anguished week, with mounting pressure on investigators and a family grappling with uncertainty.
Cuba’s Ministry of Energy announced Saturday evening that entire island has suffered another electrical blackout, leaving more than 10 million people without power.
Iran’s attempt to strike a US-UK base over 2,000 miles (over 3,000 kilometers) off its coast has renewed questions about Tehran’s military capabilities and how far its missiles can reach.
For years, President Donald Trump has offered crass and insensitive comments about people who died – especially his foes. That reached a new level on Saturday.
Robert Mueller, the former FBI director who led the historic probe into alleged collusion between Donald Trump’s 2016 campaign and the Russian government, has died. He was 81.