Bloomberg ETF analyst: Waste management stocks have become a “more effective hedge than bonds”
Odaily reported that Bloomberg ETF analyst Eric Balchunas posted on X, stating that the inverse correlation of waste management stocks was particularly evident today, with DRAM up 13% and WM down 4%. He noted that the issue with quality hedges is that when other assets rise, the hedge assets tend to fall, and expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.
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Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
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Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
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