With November almost over, what a month it’s been for UK shareholders. News of Joe Biden’s US election victory gave cheap shares an early boost. Then news of three effective Covid-19 vaccines lit the fuse and shares skyrocketed like fireworks. So far in November, the FTSE 100 index has soared by 790 points since Halloween, up over 14% in four weeks in a record-breaking comeback. It’s a similar tale across the Atlantic, with the S&P 500, NASDAQ and Dow Jones Industrial Index all setting record highs in the past week.

The FTSE 100 has had a rough year

Although this month has seen a record-breaking rebound, the FTSE 100 has had a poor 2020. It’s down nearly 16%) this calendar year, even after November’s fireworks. With few big tech stocks and heavy weightings in banks, oil & gas, and miners, the Footsie has fallen out of favour among global … Read more

Software engineer Raymond Berger begins his work day at 5 a.m., before the sun comes up over Hawaii.

Rising early is necessary because the company he works for is in New York City, five hours ahead of Maui, where he is renting a home with a backyard that’s near the beach.

“It’s a little hard with the time zone difference,” he said. “But generally I have a much better quality of life.”

The pandemic is giving many workers the freedom to do their jobs from anywhere. Now that Hawaii’s economy is reeling from dramatically fewer tourists, a group of state officials and community leaders wants more people like Berger to help provide an alternative to relying on short-term visitors.

Coinciding with the approach of winter in other parts of the U.S., “Movers & Shakas”—a reference to the Hawaii term for the “hang loose” hand gesture—launches Sunday as a campaign … Read more

If I had £10k to invest today, I’d follow Warren Buffett’s advice when selecting investments. Over the past six decades, Warren Buffett has established himself as one of the world’s greatest investors. During this time he’s owned thousands of stocks, and earned tens of billions of dollars in profits for himself and his investors. 

The billionaire has also developed something of an investing framework. He always follows this framework when considering any new investments for his portfolio. 

Warren Buffett’s framework 

Buffett started developing his investment structure when he was at college. At the time, he followed the activities of Benjamin Graham, who was already an established investor. 

Graham believed that investors should view the shares they own as individual businesses. Stocks were pieces of real companies, he stated, not gambling chips in a casino. 

Warren Buffett has used this advice to guide his investing ever since. He only buys shares … Read more

Congress is bracing for President-elect Joe Biden to move beyond the Trump administration’s state-by-state approach to the COVID-19 crisis and build out a national strategy to fight the pandemic and distribute the eventual vaccine.

The incoming administration’s approach reflects Democrats’ belief that a more comprehensive plan, some of it outlined in the House’s $2 trillion coronavirus aid bill, is needed to get the pandemic under control. Republicans have resisted big spending but agree additional funding is needed. With the nation on edge but a vaccine in sight, the complicated logistics of vaccinating hundreds of millions of Americans raise the stakes on the major undertaking.

“We have an incredible challenge on our hands,” said Sen. Patty Murray of Washington state, which is approaching the anniversary of its first reported case of the virus last January.

A vaccine can only go so far, Murray warned, without a distribution plan. “A vaccine can … Read more

FTSE 250 pharmaceuticals company Indivior (LSE: INDV) saw a dramatic 30% dip in share price today. This was triggered by news that FTSE 100 company Reckitt Benckiser had filed an over £1bn claim against it. RB was INDV’s parent company before INDV was de-merged in 2014. According to news reports, the claim is linked to this de-merger. 

While today’s fall has been quite sharp, the Indivior share price has fallen through much of this past week as well, albeit slowly. If the decline had remained muted, it would have been chalked up to market moods. But the claim has clearly added to INDV’s existing woes. 

Painful past issues 

The company, which manufactures drugs for treating opioid usage and mental illnesses like schizophrenia, saw its former CEO, Shaun Thaxter, imprisoned last month for six months. Indivior was charged by US courts of illegally increasing prescriptions for Suboxone Film, which is … Read more