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The Highest-Returning Stock of the Last 45 Years Is Home Depot
The Wall Street Journal6d agoneutral
The Highest-Returning Stock of the Last 45 Years Is Home Depot

Forty-five years ago next week, a tiny four-store hardware chain in Atlanta completed a very unlikely IPO. It was possible only because a well-connected investment banker, Ken Langone, happened to be a nonexecutive co-founder and a member of the company’s board of directors. Langone had such faith in the young company’s prospects that he called in some favors on Wall Street, and Bear Stearns reluctantly agreed to take on the piddly $6 million planned offering.

What's Moving Markets Today?
The Wall Street Journal6d agoneutral
What's Moving Markets Today?

Major indexes edged lower as the yield on the 10-year Treasury note pushed past 5%. Markets have had a lot to digest this week: a quarter-point interest-rate hike, fluctuating fuel prices and big tech's P(doom)--aka the probability that AI results in a existentially catastrophic outcome, according to the Silicon Valley ecosystem.

Trump takes aim at Warsh after Fed hike
Yahoo Finance Video6d agoneutralVIDEO
Trump takes aim at Warsh after Fed hike

Scott Melker discusses Trump taking aim at Fed Chair Warsh for rate hikes, and what investors need to know about the US Securities and Exchange Commission's (SEC's) decision to bring tokenized stocks to the market. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.