Category Archives: Syndicated
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 […]
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 […]
Bill Gates sees an argument for a global economic slowdown hitting this year
(CNBC) Add the global economy to Bill Gates’ growing list of concerns these days. The billionaire Microsoft co-founder believes factors like Russia’s war in Ukraine and the pandemic’s economic fallout create a “strong argument” that the world will see an […]
Only 15% of women in C-Suite roles, according to IG Prime research
(Hedgeweek) A recent report from IG Prime has found only 15% of senior management team members in hedge funds are women across the globe. To read this article:
Tech giants lost more than $1 trillion in value in the last three trading days
(CNBC) The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more […]
Stock futures are higher after S&P 500 falls to its lowest level in more than a year
(CNBC) U.S. stock futures swung between positive and negative territory on Monday night after the S&P 500 fell to its lowest level in more than a year. Dow Jones Industrial Average futures were last up 107 points, or 0.33%. S&P […]