Anxious Florida homeowners who are worried about their insurance received a bit of a break Tuesday. An expected announcement of potential companies in financial trouble has been put on hold.
- Business Insider
Elon Musk scores a rare win in Twitter-acquisition lawsuit as the company is ordered to hand over documents from fired general manager
Twitter will have to produce documents from its former general manager as Musk's attorneys demand new information on data.
- Motley Fool
The stock market has trended lower this year, but it's not quite as beaten up as the cryptocurrency market. In November 2021, the cumulative value of all crypto tokens in existence topped $2.9 trillion, but just a few months ago that figure hit a low of $860 billion.
The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators.
- Business Insider
The rally in the S&P 500 this summer is flashing signs that the benchmark index could hit another all-time high before the end of the year, Fundstrat says
A key indicator that's preceded every new all-time high since 1950 is now flashing, Fundstrat said in a note Wednesday.
Bankrupt cryptocurrency lender Celsius Network, which disclosed Monday that it was running low on money, said it has gotten several proposals to inject cash into the company and won approval from a U.S. judge to sell bitcoin (BTC) that it mines. Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were. Moving hastily on this is “mission critical” for Celsius, Sussberg said.
Investors can buy the short-term Treasury bills, now yielding as much as 3%, from the government and brokers or through funds.
The stock market is finding support right now from two directions, a perception that the Fed is turning slightly dovish and will be a little less aggressive on its rate hikes going forward, and the Q2 earnings, which are coming in better than analysts had feared. The S&P 500 might still be down 10% for the year, but the index has gained 17% since its mid-June low, and with the macro environment appearing friendlier, investors will be hoping the change of sentiment won’t be a temporary one. Again
- Insider Monkey
In this article, we discuss the 10 stocks that Jim Cramer recommends selling in August. If you want to read about some more stocks that Jim Cramer recommends selling, go directly to Jim Cramer Recommends Selling These 5 Stocks in August. Jim Cramer, the former hedge fund manager and present host of Mad Money on […]
- Insider Monkey
In this article, we discuss the 10 stocks that Warren Buffett loaded up on for the rest of 2022. If you want to see more stocks in this selection, click Warren Buffett Loaded Up on These 5 Stocks for the Rest of 2022. Despite the high inflation and rising rates battering the US economy since […]
The pause on student loan repayments is ending soon, what are Biden’s options on student debt?
(Bloomberg) -- Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon his $44 billion purchase of the social media company. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat
Student-loan borrowers will know 'soon' if the debt payment pause will be extended before it expires in 2 weeks, Biden's Education Secretary says
Education Sec. Miguel Cardona said he is "having conversations daily with the White House" on the student-loan payment pause that's expiring Aug. 31.
Markets fell into bear territory through the first half of the year – but we saw a summer rebound in July that has stabilized this month. Both the S&P 500 and the NASDAQ indexes have climbed back out of their bear markets, and investor sentiment, at least for now, is positive. However, at least some of the market experts are taking a much more guarded view of current conditions. Looking into the history of market downturns, Bank of America strategists see indicators that we haven’t hit bottom ye
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities while the greenback posted losses. India's foreign exchange markets were shut on Monday and Tuesday. Dollar credits received by Indian exporters following the long weekend, healthy risk mood and weaker oil prices helped rupee make up for last week's underperformance, traders said.
When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
Signs of FOMO are evident in the summer stock-market rally. A strategist takes a look at what happened to investors who 'missed' the bottom in previous bear markets.
J.P. Morgan Says the Stock Market Is Poised for More Upside; Here Are 2 Stocks the Banking Giant Likes
The big question on investors’ minds right now is, where will inflation go? And the related follow-up question, for everyone, is, how far will the Fed hike rates in response? The potential answers cover the full range of possibilities, from President Biden’s happy talk about ‘zero percent inflation,’ to the market bears predicting a full-blown economic depression. Count JPMorgan’s chief asset management strategist David Kelly among the bulls. He’s not convinced by the doomsayers, and sees the re
- Insider Monkey
In this article, we discuss Michael Burry’s latest warnings about the economic outlook and the 11 stocks he is selling to brace for impact. If you want to read about five prominent stocks he dumped ahead of the economic crisis, click Michael Burry Sells These 5 Stocks to Brace for Impact. Michael Burry of “The […]
Even in a year when prices for just about everything are skyrocketing, the surging price of food stands out. In June, the federal government's food-at-home index -- meaning food you buy at a grocery...