Monthly Archives: May 2022
Twitter’s market cap has dropped to $9 billion below Musk’s purchase price as concerns about deal emerge
(CNBC) As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that the deal won’t reach the finish line. Twitter has slid nearly 13% since reaching its high for the […]
Stock futures rise slightly following hot inflation report
(CNBC) Stock futures were slightly higher Wednesday evening after the latest CPI data showed inflation is still running hot. Futures tied to the Dow Jones Industrial Average added 70 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each […]
Disney may need to tell investors a new story as company warns of softer streaming growth
(CNBC) Disney may have a storytelling problem. Although the company added a better-than-expected 7.9 million Disney+ subscribers in the quarter, Disney shares slid after hours Wednesday when Chief Financial Officer Christine McCarthy acknowledged the second half of the year may […]
Apple is no longer the world’s most valuable company
(CNBC) Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than […]
Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
(CNBC) Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods […]
Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade
(CNBC) Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning […]
Bitcoin slips below $29,000 as crypto sell-off continues
(CNBC) Bitcoin dropped below the $29,000 level as a recent sell-off in the cryptocurrency space continues. The price of bitcoin was last down 2.42% to $28,716.15 as of 11:44 p.m. ET Wednesday, according to data from Coin Metrics. Ether fell […]
SEC Obtains Final Judgment Against Former Company CFO for Role in Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the former Chief Financial Officer of a Marin County, California investment and management company for his role in a Ponzi scheme that defrauded investors. The SEC’s complaint, filed […]
April’s consumer price index report expected to show inflation has already peaked
(CNBC) April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a reprieve in headline inflation, core inflation could […]
Stock futures are higher ahead of key inflation reading
(CNBC) Stock futures were higher in early morning trading Wednesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average rose 79 points, or 0.25%. S&P 500 futures were 0.34% higher and Nasdaq 100 futures gained 0.71%. […]
Coinbase revenue drops 27% from a year ago, stock slides
(CNBC) Coinbase reported first-quarter results that missed analysts’ revenue estimates after the bell on Tuesday. Shares fell more than 15% in after-hours trading, building on a drop of 12.6% during regular trading hours before the results dropped. Here are the […]
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
(CNBC) Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation that it did in the 1970s. Back then, he said during a panel chat with Minneapolis Fed President Neel Kashkari, the […]