Wall Street suffered the worst sell-off since the early days of the pandemic after official data showed US inflation increased unexpectedly in August, raising the spectre the Federal Reserve will need to act more aggressively to combat rising prices. The benchmark S&P 500 stock index tumbled 4.3 per cent, its worst day since June 2020
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The Securities and Exchange Commission has filed litigation against Oppenheimer & Co. and separately announced settlements with BNY Mellon Capital Markets, TD Securities and Jefferies for failing to comply with municipal bond offering disclosure requirements in connection with limited offering exemptions. The charges represent a first of its kind for the Commission in addressing limited
In this episode of let’s talk stocks, we are going to take a look at the technical analysis basics of a flag stock chart pattern, which is a continuation pattern. I’m going to show you what this pattern looks like, the previous trend, volume, projections, entry points, and a few final tips for trading this pattern.
Are millennials buying homes? Check out the latest Zacks Personal Finance 101 video to find out.
This week’s strategy video covers a very important scenario that all traders come across – trend breakouts that don’t turn out as expected. Textbooks say that if a trendline breaks, then that’s it – another direction is certain. David explains why this isn’t necessarily true and he gives us illustrations and examples of the so-called
In this article ORCL CHWY MSFT CRDO AMBA Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Stocks broke a three-week losing streak on Friday, but uncertainty looms over the horizon as the Federal Reserve prepares for its September meeting. The prospect of a sizable interest rate hike is
In this article 7974.T-JP OTLY RENT Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% its corporate workforce. Additionally, Rent the Runway said it’s cutting $25 million to $27 million in fixed costs to deal with an uncertain
The effects of climate change are becoming ever more real: a study finds that an ‘extreme heat belt’ will impact over 100 million Americans in the next 30 years. The area, stretching from Texas to the Great Lakes, will experience temperatures above 125 degrees (52 degrees Celsius) during the hottest stretches of the year, according
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Property analysts and developers said offices, warehouses and business parks are proving resilient, and continuing to turn over steady rental revenue — albeit discounted due to softer demand. Hong Kong-listed property group KWG
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second
Fitch Ratings upgraded New Jersey’s issuer default rating to A from A-minus and raised the ratings on the state’s $5.5 billion of general obligation bonds and $484 million of Garden State Preservation Trust revenue bonds that are linked to or capped by the state’s IDR. Fitch also raised the state’s qualified bond program and school
Ukraine still faces “a tough fight” after Russia gave up most of the territory it had taken near Kharkiv following a lightning counteroffensive that forced many of its retreating troops to leave the country, according to the Pentagon. A senior military official said on Monday that the Russian military “had largely ceded their gains” around
The fear of extreme weather and civic unrest has inspired investors of all sizes to buy environmental, social and governance (ESG) securities. The global ESG market has grown from $19 trillion in 2014 to a projected $55 trillion in 2022 due to such incredible demand. Banks have appropriately responded by making it easier to invest
Today we’re going to talk about vertical spreads vs iron condors. Are spreads better than iron condors, in terms of risk? Considering that an iron condor could lose money in both directions, whereas a spread can only lose money in one direction, so what is the better strategy? In this video I’ll give you my
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As the upcoming Terra Classic (LUNC) burning mechanism gained more hype, some crypto exchanges thought it would be a good idea to express their support. However, the crypto community quickly responded, calling out the exchanges for what some believe to be public relations stunts. On Sept. 1, Terra community member Edward Kim submitted a proposal
In this article GS Apple The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repayment rates at or near record levels, Goldman’s loss rate on credit card loans hit 2.93% in the
In this article GME AMD AEO Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Thursday. GameStop – Shares of video game retailer rose more than 7% after the company disclosed a new partnership with cryptocurrency exchange
Bitcoin (BTC) starts a pivotal week on a firm footing as bulls succeed in wiping out weeks of losses. After closing the latest weekly candle at $21,800, its highest since mid-August, BTC/USD is back on the radar as a long bet. The end to an extended period of downside interspersed with sideways price action now
Even as the summer comes to a close, the luxury real estate market in coastal Mexico is staying hot. An oceanfront villa housed in the ultra-luxury resort, One&Only Mandarina, has sold for a record-breaking $17.5 million, continuing a string of $10 million-plus sales in the Riviera Nayarit region. Situated a little over an hour north