Rolling coverage of the latest economic and financial news
- Markets rally on Biden $1.9trn stimulus hopes
- Wall Street hit record highs last night
- Pound hits eight-month high vs euro; 32-month high vs dollar
- Coming up: ECB decision and US weekly jobless figures
Metallica and Michael Bublé are not the most obvious double-act.
But they’re both part of the latest trend of investors buying up the rights to classic popular songs and albums, as my colleague Jasper Jolly explains:
The producer of songs by Metallica and Michael Bublé has sold his rights to investors in the latest in a flurry of back-catalogue sales by artists and other rights owners looking to cash in on the music streaming boom.
Bob Rock has sold his producer’s rights in heavy metal band Metallica’s eponymous album and songs by Canadian singer Michael Buble that include Call Me Irresponsible, Crazy Love, and Christmas.
I certainly don’t do stock market recommendations (there are already too many people struggling without threatening your nest egg).
But Adrian Lowcock, head of Personal Investing at investment platform Willis Owen, does have some fund ideas for how people might want to position themselves for the Biden presidency.
Today was the best inauguration day returns for the S&P 500 Index since Ronald Reagan’s second term. pic.twitter.com/0rfBFjxayQ