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class="_3m-Shs-i zpfBWCA3 YXCNK" data-theme="light" data-test-e2e="subnav"><div class="jvca6FUq"><div class="jEfFX" data-testid="newsletter-subnav-logo"><a href="/newsletters" rel="noopener noreferrer" class="FmN4J">PREMIUM CONTENT <span class="_4yY2I">INVESTING NEWSLETTERS</span></a></div></div><ul class="s4eF0ZZ9"><li class="jQpuOHCa"><button class="AnLdUWuU">Stocks</button></li><li class="jQpuOHCa"><button class="AnLdUWuU">Income & Safety</button></li><li class="jQpuOHCa"><button class="AnLdUWuU">Funds & ETFs</button></li><li class="jQpuOHCa"><button class="AnLdUWuU">Options</button></li><li class="jQpuOHCa"><button class="AnLdUWuU">Economic Analysis</button></li><li class="jQpuOHCa"><button class="AnLdUWuU">Experts</button></li></ul></div></div><main class="_4tKaI et-promoblock AVb7J" data-et-blogid="blogAuthorId/blog/author/blog-3193" data-et-location="contrib-blogAuthorId/blog/author/blog-3193_all"><section id="row-0" class="csf-row et-rows FA_87"><div><div class="csf-block oz84L" data-testid="edit-tools-csf-block" data-test-e2e="data viz"><h1 class="qxxE6">Forbes/Fridson Income Securities Investor</h1><span class="RzoSR">Investing Newsletter</span></div></div></section><div class="YHOim FA_87"><div class="WkaGZ"><div><div class="Kj5oK"><div class="_4q5Pr NXr56"><div class="QxOG_ c3_km"><h3 class="_3rxrn">About</h3><button type="button" data-test-e2e="contributorsButton" class="_4_9Zp" aria-label="Collapse About"><svg class="chevron-up_svg__fs-icon chevron-up_svg__fs-icon--chevron-up" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24"><path d="M5.8 14.5 7.2 16l4.8-4.8 4.8 4.8 1.4-1.5L12 8.2z"></path></svg></button></div><div class="SR6rS" data-test-e2e="aboutBlock"><div class="_-7glv-jm mTHPzIQu">I am the chief investment officer of Lehmann, Livian, Fridson Advisors LLC and editor of Forbes/Fridson Income Securities Investor. I have written six books on finance and political economy. My work has appeared in Barron's, the Financial Times, and numerous professional</div><button type="button" class="uJJU4Iug" data-theme="light">... Read More</button></div><div class="C97rh" data-test-e2e="socialSharing"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/feed/" target="_blank" alt="rss icon" rel="noopener noreferrer nofollow" class="VGJkz" aria-label="Share on rss" title="Share on rss"><svg class="j2XH_" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M4.2 13.6c-.6 0-1.1.2-1.5.6-.5.5-.7 1-.7 1.6 0 .6.2 1.1.6 1.5.5.5 1 .7 1.6.7.6 0 1.1-.2 1.5-.6.4-.4.6-.9.6-1.5s-.2-1.1-.6-1.5c-.4-.6-.9-.8-1.5-.8zm5-2.8c-.9-.9-1.8-1.6-2.9-2.1-1.1-.5-2.3-.8-3.5-.9h-.1c-.2 0-.3.1-.5.2-.1.1-.2.3-.2.5V10c0 .2.1.4.2.5.1.1.3.2.5.2 1.7.2 3.2.9 4.4 2.1C8.3 14 9 15.5 9.2 17.2c0 .2.1.3.2.5.2.2.3.3.5.3h1.5c.2 0 .4-.1.5-.2.1-.2.2-.3.2-.5-.1-1.2-.4-2.4-.9-3.5-.4-1.2-1.1-2.1-2-3zm0 0"></path><path d="M16.6 11.5c-.8-1.8-1.9-3.4-3.3-4.8s-3-2.5-4.8-3.3C6.6 2.6 4.7 2.1 2.8 2c-.3 0-.4.1-.6.2-.1.1-.2.3-.2.5v1.6c0 .2.1.4.2.5.1.2.3.3.5.3 1.6.1 3.2.5 4.6 1.2 1.5.7 2.7 1.6 3.8 2.6 1.1 1.1 2 2.4 2.6 3.8.7 1.5 1.1 3 1.1 4.6 0 .2.1.3.2.5.1.1.3.2.5.2h1.6c.2 0 .4-.1.5-.2.2-.2.2-.3.2-.5.1-2-.4-3.9-1.2-5.8zm0 0"></path></svg></a></div></div><div class="AUOir"><div class="QxOG_ c3_km"><h3 class="_3rxrn">Written By</h3></div><div class="GO49_"><div class="mNsW4" data-test-e2e="contributorCard"><a href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" class="rK1Go"><img class="_6on0p" src="https://imageio.forbes.com/specials-images/imageserve/603fef67b55678dd97413b6b/0x0.jpg?format=jpg&crop=1080,1080,x0,y0,safe&width=300" alt="Martin Fridson"/></a><div class="f40X2"><h3 class="XvJqz">Martin Fridson</h3><div class="Asjbt">Contributor</div><div class="OnmpY">Martin Fridson is an investment manager who writes on finance.</div></div></div></div></div></div><section id="row-1" class="csf-row et-rows "></section><section id="row-2" class="csf-row et-rows "><div><div class="csf-block" data-testid="edit-tools-csf-block" data-test-e2e="data viz"><div><div><div class="R13op"><button type="button" data-test-e2e="streamTab latest" class="_1Lq03" disabled="">latest</button><button type="button" data-test-e2e="streamTab archive" class="_1Lq03">archive</button></div><div data-test-e2e="streamContainer"><div><div class="_4g0BEaLU"><div class="TNWax51Q T3-IGTjJ jiKZAfWh" data-theme="light" data-test-e2e="stream"><div class="Gv-TaI9Y MpVEkd-F"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/11/05/10-year-us-treasury-yield-rose-by-49-basis-points-in-october/" target="_self" data-testid="imageLink" rel=""><img class="tBA7tnId" src="https://imageio.forbes.com/specials-images/imageserve/62fe40baadccff017f1dbcbd/0x0.jpg?format=jpg&width=440" alt="article image"/></a></div><div class="WjVFB823"><div class="IE8ecQMQ"><span class="jMF46RP6">Nov 5, 2024</span></div><h3 class="HNChVRGc"><a class="_1-FLFW4R" href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/11/05/10-year-us-treasury-yield-rose-by-49-basis-points-in-october/" rel="" target="_self">10-Year US Treasury Yield Rose By 49 Basis Points In October</a><span class="gQ4lGTFL"><svg class="fs-icon fs-icon--lock" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path fill-rule="evenodd" clip-rule="evenodd" d="M14.8 9.198V7.602a4.8 4.8 0 1 0-9.6 0v1.596h-.8v8h11.2v-8h-.8zm-4.08 4.207v1.633H9.28v-1.633a1.44 1.44 0 1 1 1.44 0zm2.16-4.207H7.12V7.602A2.883 2.883 0 0 1 10 4.722a2.883 2.883 0 0 1 2.88 2.88v1.596z"></path></svg></span></h3><p class="_5v7prWgS">The ten-year U.S. Treasury yield rose by 49 basis points in October. Some investors may find that surprising in the context of the Fed "lowering interest rates." But history shows it's not anomaly.</p><div class="Na3NTglQ _51GWpoAk _0AGvFFWM"><span class="ujvJmzbB">By</span><a class="_4tin10wS" href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" rel="noreferrer" target="_self">Martin Fridson</a><span class="AtUb4gy8">Contributor</span></div><div class="klKBDGvF"><button disabled="" type="button" class="sElHJWe4 NQX0jJYe"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg></button><div class="a8Pwk1Mx"></div></div></div></div></div></div><div><div class="_4g0BEaLU"><div class="TNWax51Q T3-IGTjJ jiKZAfWh" data-theme="light" data-test-e2e="stream"><div class="Gv-TaI9Y MpVEkd-F"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/10/07/fed-cuts-predictable-result/" target="_self" data-testid="imageLink" rel=""><img class="tBA7tnId" src="https://imageio.forbes.com/specials-images/imageserve/62fe40baadccff017f1dbcbd/0x0.jpg?format=jpg&width=440" alt="article image"/></a></div><div class="WjVFB823"><div class="IE8ecQMQ"><span class="jMF46RP6">Oct 7, 2024</span></div><h3 class="HNChVRGc"><a class="_1-FLFW4R" href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/10/07/fed-cuts-predictable-result/" rel="" target="_self">Fed Cut’s Predictable Result</a><span class="gQ4lGTFL"><svg class="fs-icon fs-icon--lock" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path fill-rule="evenodd" clip-rule="evenodd" d="M14.8 9.198V7.602a4.8 4.8 0 1 0-9.6 0v1.596h-.8v8h11.2v-8h-.8zm-4.08 4.207v1.633H9.28v-1.633a1.44 1.44 0 1 1 1.44 0zm2.16-4.207H7.12V7.602A2.883 2.883 0 0 1 10 4.722a2.883 2.883 0 0 1 2.88 2.88v1.596z"></path></svg></span></h3><p class="_5v7prWgS">Jerome Powell finally ended the suspense with a 50-basis-point rate cut.</p><div class="Na3NTglQ _51GWpoAk _0AGvFFWM"><span class="ujvJmzbB">By</span><a class="_4tin10wS" href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" rel="noreferrer" target="_self">Martin Fridson</a><span class="AtUb4gy8">Contributor</span></div><div class="klKBDGvF"><button disabled="" type="button" class="sElHJWe4 NQX0jJYe"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg></button><div class="a8Pwk1Mx"></div></div></div></div></div></div><div><div class="_4g0BEaLU"><div class="TNWax51Q T3-IGTjJ jiKZAfWh" data-theme="light" data-test-e2e="stream"><div class="Gv-TaI9Y MpVEkd-F"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/09/06/dont-sweat-septembers-prospects/" target="_self" data-testid="imageLink" rel=""><img class="tBA7tnId" src="https://imageio.forbes.com/specials-images/imageserve/62fe40baadccff017f1dbcbd/0x0.jpg?format=jpg&width=440" alt="article image"/></a></div><div class="WjVFB823"><div class="IE8ecQMQ"><span class="jMF46RP6">Sep 6, 2024</span></div><h3 class="HNChVRGc"><a class="_1-FLFW4R" href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/09/06/dont-sweat-septembers-prospects/" rel="" target="_self">Don't Sweat September's Prospects</a><span class="gQ4lGTFL"><svg class="fs-icon fs-icon--lock" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path fill-rule="evenodd" clip-rule="evenodd" d="M14.8 9.198V7.602a4.8 4.8 0 1 0-9.6 0v1.596h-.8v8h11.2v-8h-.8zm-4.08 4.207v1.633H9.28v-1.633a1.44 1.44 0 1 1 1.44 0zm2.16-4.207H7.12V7.602A2.883 2.883 0 0 1 10 4.722a2.883 2.883 0 0 1 2.88 2.88v1.596z"></path></svg></span></h3><p class="_5v7prWgS">A recent news article characterized September as a poor month for stocks.</p><div class="Na3NTglQ _51GWpoAk _0AGvFFWM"><span class="ujvJmzbB">By</span><a class="_4tin10wS" href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" rel="noreferrer" target="_self">Martin Fridson</a><span class="AtUb4gy8">Contributor</span></div><div class="klKBDGvF"><button disabled="" type="button" class="sElHJWe4 NQX0jJYe"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg></button><div class="a8Pwk1Mx"></div></div></div></div></div></div><div><div class="_4g0BEaLU"><div class="TNWax51Q T3-IGTjJ jiKZAfWh" data-theme="light" data-test-e2e="stream"><div class="Gv-TaI9Y MpVEkd-F"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/08/05/good-reasons-to-stay-the-course-in-income/" target="_self" data-testid="imageLink" rel=""><img class="tBA7tnId" src="https://imageio.forbes.com/specials-images/imageserve/62fe40baadccff017f1dbcbd/0x0.jpg?format=jpg&width=440" alt="article image"/></a></div><div class="WjVFB823"><div class="IE8ecQMQ"><span class="jMF46RP6">Aug 5, 2024</span></div><h3 class="HNChVRGc"><a class="_1-FLFW4R" href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/08/05/good-reasons-to-stay-the-course-in-income/" rel="" target="_self">Good Reasons To Stay The Course In Income!!</a><span class="gQ4lGTFL"><svg class="fs-icon fs-icon--lock" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path fill-rule="evenodd" clip-rule="evenodd" d="M14.8 9.198V7.602a4.8 4.8 0 1 0-9.6 0v1.596h-.8v8h11.2v-8h-.8zm-4.08 4.207v1.633H9.28v-1.633a1.44 1.44 0 1 1 1.44 0zm2.16-4.207H7.12V7.602A2.883 2.883 0 0 1 10 4.722a2.883 2.883 0 0 1 2.88 2.88v1.596z"></path></svg></span></h3><p class="_5v7prWgS">High Yield, Tech Stock, Income Investing, </p><div class="Na3NTglQ _51GWpoAk _0AGvFFWM"><span class="ujvJmzbB">By</span><a class="_4tin10wS" href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" rel="noreferrer" target="_self">Martin Fridson</a><span class="AtUb4gy8">Contributor</span></div><div class="klKBDGvF"><button disabled="" type="button" class="sElHJWe4 NQX0jJYe"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg></button><div class="a8Pwk1Mx"></div></div></div></div></div></div><div><div class="_4g0BEaLU"><div class="TNWax51Q T3-IGTjJ jiKZAfWh" data-theme="light" data-test-e2e="stream"><div class="Gv-TaI9Y MpVEkd-F"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/07/05/income-investments-chug-along/" target="_self" data-testid="imageLink" rel=""><img class="tBA7tnId" src="https://imageio.forbes.com/specials-images/imageserve/62fe40baadccff017f1dbcbd/0x0.jpg?format=jpg&width=440" alt="article image"/></a></div><div class="WjVFB823"><div class="IE8ecQMQ"><span class="jMF46RP6">Jul 5, 2024</span></div><h3 class="HNChVRGc"><a class="_1-FLFW4R" href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/2024/07/05/income-investments-chug-along/" rel="" target="_self">Income Investments Chug Along</a><span class="gQ4lGTFL"><svg class="fs-icon fs-icon--lock" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path fill-rule="evenodd" clip-rule="evenodd" d="M14.8 9.198V7.602a4.8 4.8 0 1 0-9.6 0v1.596h-.8v8h11.2v-8h-.8zm-4.08 4.207v1.633H9.28v-1.633a1.44 1.44 0 1 1 1.44 0zm2.16-4.207H7.12V7.602A2.883 2.883 0 0 1 10 4.722a2.883 2.883 0 0 1 2.88 2.88v1.596z"></path></svg></span></h3><p class="_5v7prWgS">In 2Q 2024, as usual, stocks dominated financial news headlines, while income investments did their job quietly outside the spotlight.</p><div class="Na3NTglQ _51GWpoAk _0AGvFFWM"><span class="ujvJmzbB">By</span><a class="_4tin10wS" href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" rel="noreferrer" target="_self">Martin Fridson</a><span class="AtUb4gy8">Contributor</span></div><div class="klKBDGvF"><button disabled="" type="button" class="sElHJWe4 NQX0jJYe"><svg class="fs-icon fs-icon--saved-article" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M13.9 3c.7 0 1.3.6 1.3 1.3V17L10 13.9 4.8 17V4.3c0-.7.5-1.3 1.3-1.3h7.8z"></path></svg></button><div class="a8Pwk1Mx"></div></div></div></div></div></div><div class="aWBvPyEW"><button type="button" class="_18BedXz4 iWceBwQC Sn26m-xQ st6yY9Jv" data-testid="variants">More Articles</button></div></div></div></div></div></div></section><section id="row-3" class="csf-row et-rows "><div><div class="csf-block" data-testid="edit-tools-csf-block" data-test-e2e="data viz"></div></div></section></div></div><div class="_dlVK"><div class="_4q5Pr NXr56"><div class="QxOG_ c3_km"><h3 class="_3rxrn">About</h3><button type="button" data-test-e2e="contributorsButton" class="_4_9Zp" aria-label="Collapse About"><svg class="chevron-up_svg__fs-icon chevron-up_svg__fs-icon--chevron-up" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24"><path d="M5.8 14.5 7.2 16l4.8-4.8 4.8 4.8 1.4-1.5L12 8.2z"></path></svg></button></div><div class="SR6rS" data-test-e2e="aboutBlock"><div class="_-7glv-jm mTHPzIQu">I am the chief investment officer of Lehmann, Livian, Fridson Advisors LLC and editor of Forbes/Fridson Income Securities Investor. I have written six books on finance and political economy. My work has appeared in Barron's, the Financial Times, and numerous professional</div><button type="button" class="uJJU4Iug" data-theme="light">... Read More</button></div><div class="C97rh" data-test-e2e="socialSharing"><a href="https://www.forbes.com/newsletters/forbes-fridson-income-securities-investor/feed/" target="_blank" alt="rss icon" rel="noopener noreferrer nofollow" class="VGJkz" aria-label="Share on rss" title="Share on rss"><svg class="j2XH_" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20"><path d="M4.2 13.6c-.6 0-1.1.2-1.5.6-.5.5-.7 1-.7 1.6 0 .6.2 1.1.6 1.5.5.5 1 .7 1.6.7.6 0 1.1-.2 1.5-.6.4-.4.6-.9.6-1.5s-.2-1.1-.6-1.5c-.4-.6-.9-.8-1.5-.8zm5-2.8c-.9-.9-1.8-1.6-2.9-2.1-1.1-.5-2.3-.8-3.5-.9h-.1c-.2 0-.3.1-.5.2-.1.1-.2.3-.2.5V10c0 .2.1.4.2.5.1.1.3.2.5.2 1.7.2 3.2.9 4.4 2.1C8.3 14 9 15.5 9.2 17.2c0 .2.1.3.2.5.2.2.3.3.5.3h1.5c.2 0 .4-.1.5-.2.1-.2.2-.3.2-.5-.1-1.2-.4-2.4-.9-3.5-.4-1.2-1.1-2.1-2-3zm0 0"></path><path d="M16.6 11.5c-.8-1.8-1.9-3.4-3.3-4.8s-3-2.5-4.8-3.3C6.6 2.6 4.7 2.1 2.8 2c-.3 0-.4.1-.6.2-.1.1-.2.3-.2.5v1.6c0 .2.1.4.2.5.1.2.3.3.5.3 1.6.1 3.2.5 4.6 1.2 1.5.7 2.7 1.6 3.8 2.6 1.1 1.1 2 2.4 2.6 3.8.7 1.5 1.1 3 1.1 4.6 0 .2.1.3.2.5.1.1.3.2.5.2h1.6c.2 0 .4-.1.5-.2.2-.2.2-.3.2-.5.1-2-.4-3.9-1.2-5.8zm0 0"></path></svg></a></div></div><div class="AUOir"><div class="QxOG_ c3_km"><h3 class="_3rxrn">Written By</h3></div><div class="GO49_"><div class="mNsW4" data-test-e2e="contributorCard"><a href="https://www.forbes.com/sites/forbes-fridson-income-securities-investor/" class="rK1Go"><img class="_6on0p" src="https://imageio.forbes.com/specials-images/imageserve/603fef67b55678dd97413b6b/0x0.jpg?format=jpg&crop=1080,1080,x0,y0,safe&width=300" alt="Martin Fridson"/></a><div class="f40X2"><h3 class="XvJqz">Martin Fridson</h3><div class="Asjbt">Contributor</div><div class="OnmpY">Martin Fridson is an investment manager who writes on finance.</div></div></div></div></div></div></div></main><footer class="smP7p--o" role="contentinfo"><div class="_1FviBxkI"><div class="RS-LXz9z"><a aria-label="Link to Forbes Homepage" class="Shi6M7tj" href="https://www.forbes.com/"><svg class="fs-icon fs-icon--forbes-logo" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 200 54"><path d="M113.3 18.2c0-5.8.1-11.2.4-16.2L98.4 4.9v1.4l1.5.2c1.1.1 1.8.5 2.2 1.1.4.7.7 1.7.9 3.2.2 2.9.4 9.5.3 19.9 0 10.3-.1 16.8-.3 19.3 5.5 1.2 9.8 1.7 13 1.7 6 0 10.7-1.7 14.1-5.2 3.4-3.4 5.2-8.2 5.2-14.1 0-4.7-1.3-8.6-3.9-11.7-2.6-3.1-5.9-4.6-9.8-4.6-2.6 0-5.3.7-8.3 2.1zm.3 30.8c-.2-3.2-.4-12.8-.4-28.5.9-.3 2.1-.5 3.6-.5 2.4 0 4.3 1.2 5.7 3.7 1.4 2.5 2.1 5.5 2.1 9.3 0 4.7-.8 8.5-2.4 11.7-1.6 3.1-3.6 4.7-6.1 4.7-.8-.2-1.6-.3-2.5-.4zM41 3H1v2l2.1.2c1.6.3 2.7.9 3.4 1.8.7 1 1.1 2.6 1.2 4.8.8 10.8.8 20.9 0 30.2-.2 2.2-.6 3.8-1.2 4.8-.7 1-1.8 1.6-3.4 1.8l-2.1.3v2h25.8v-2l-2.7-.2c-1.6-.2-2.7-.9-3.4-1.8-.7-1-1.1-2.6-1.2-4.8-.3-4-.5-8.6-.5-13.7l5.4.1c2.9.1 4.9 2.3 5.9 6.7h2V18.9h-2c-1 4.3-2.9 6.5-5.9 6.6l-5.4.1c0-9 .2-15.4.5-19.3h7.9c5.6 0 9.4 3.6 11.6 10.8l2.4-.7L41 3zm-4.7 30.8c0 5.2 1.5 9.5 4.4 12.9 2.9 3.4 7.2 5 12.6 5s9.8-1.7 13-5.2c3.2-3.4 4.7-7.7 4.7-12.9s-1.5-9.5-4.4-12.9c-2.9-3.4-7.2-5-12.6-5s-9.8 1.7-13 5.2c-3.2 3.4-4.7 7.7-4.7 12.9zm22.3-11.4c1.2 2.9 1.7 6.7 1.7 11.3 0 10.6-2.2 15.8-6.5 15.8-2.2 0-3.9-1.5-5.1-4.5-1.2-3-1.7-6.8-1.7-11.3C47 23.2 49.2 18 53.5 18c2.2-.1 3.9 1.4 5.1 4.4zm84.5 24.3c3.3 3.3 7.5 5 12.5 5 3.1 0 5.8-.6 8.2-1.9 2.4-1.2 4.3-2.7 5.6-4.5l-1-1.2c-2.2 1.7-4.7 2.5-7.6 2.5-4 0-7.1-1.3-9.2-4-2.2-2.7-3.2-6.1-3-10.5H170c0-4.8-1.2-8.7-3.7-11.8-2.5-3-6-4.5-10.5-4.5-5.6 0-9.9 1.8-13 5.3-3.1 3.5-4.6 7.8-4.6 12.9 0 5.2 1.6 9.4 4.9 12.7zm7.4-25.1c1.1-2.4 2.5-3.6 4.4-3.6 3 0 4.5 3.8 4.5 11.5l-10.6.2c.1-3 .6-5.7 1.7-8.1zm46.4-4c-2.7-1.2-6.1-1.9-10.2-1.9-4.2 0-7.5 1.1-10 3.2s-3.8 4.7-3.8 7.8c0 2.7.8 4.8 2.3 6.3 1.5 1.5 3.9 2.8 7 3.9 2.8 1 4.8 2 5.8 2.9 1 1 1.6 2.1 1.6 3.6 0 1.4-.5 2.7-1.6 3.7-1 1.1-2.4 1.6-4.2 1.6-4.4 0-7.7-3.2-10-9.6l-1.7.5.4 10c3.6 1.4 7.6 2.1 12 2.1 4.6 0 8.1-1 10.7-3.1 2.6-2 3.9-4.9 3.9-8.5 0-2.4-.6-4.4-1.9-5.9-1.3-1.5-3.4-2.8-6.4-4-3.3-1.2-5.6-2.3-6.8-3.3-1.2-1-1.8-2.2-1.8-3.7s.4-2.7 1.3-3.7 2-1.4 3.4-1.4c4 0 6.9 2.9 8.7 8.6l1.7-.5-.4-8.6zm-96.2-.9c-1.4-.7-2.9-1-4.6-1-1.7 0-3.4.7-5.3 2.1-1.9 1.4-3.3 3.3-4.4 5.9l.1-8-15.2 3v1.4l1.5.1c1.9.2 3 1.7 3.2 4.4.6 6.2.6 12.8 0 19.8-.2 2.7-1.3 4.1-3.2 4.4l-1.5.2v1.9h21.2V49l-2.7-.2c-1.9-.2-3-1.7-3.2-4.4-.6-5.8-.7-12-.2-18.4.6-1 1.9-1.6 3.9-1.8 2-.2 4.3.4 6.7 1.8l3.7-9.3z"></path></svg></a><div class="QUZBXqTw">© 2024 Forbes Media LLC. 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