Ho-Hum utility stocks have been anything but in the past few months and are enjoying one of the best years in recent memory with gains over 29% outpacing the S&P 500’s 23% rise. Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management told FOX Business he sees more tailwinds for utilities,
DJI, the world’s largest drone manufacturer that sells more than half of all U.S. commercial drones, sued the Department of Defense for classifying the drone maker as allegedly working with the Chinese military. On Friday, DJI asked a U.S. District Judge in Washington to order its removal from the Pentagon list designating it as a
BlackRock flexed its muscles this week, reminding investors why it is the world’s largest asset manager with a new record $11.5 trillion under management. It’s exchange-traded and mutual funds saw a record $221 billion of inflows in the third quarter across multiple products, active, index and regions. “In my conversations with clients and policymakers around
The National Highway Traffic Safety Administration (NHTSA) on Friday said it is investigating 2.4 million Tesla vehicles with the Full Self-Driving (FSD) software after four collisions were reported, including a fatal crash. The auto safety regulator opened the preliminary evaluation after receiving four reports of crashes in which Tesla’s FSD software was engaged at times when there
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