Getty Images | FG Trade | E+ In the downturn, there are opportunities. According to Paula Pant, producer of the podcast “Afford Anything,” today’s market collapse also presents a chance for young investors with the longest time horizons to prepare for retirement. “Your best buddy is a dip,” she said. “So, purchase the drop, take […] More
On Thursday, May 13, 2021, signage outside Palo Alto Networks offices in Santa Clara, California, United States. Getty Images | David Paul Morris | Bloomberg Take a look at the businesses that made news after the bell on Thursday: Applied Materials — Shares of the chipmaker plummeted more than 2% after the company reported quarterly […] More
Tether stated earlier that their stablecoin was backed 1:1 by US dollars. Getty Images | Justin Tallis | Afp The contentious digital currency tether is now backed in part by “non-US” government bonds, according to the issuer of the stablecoin. Stablecoins are a sort of cryptocurrency that is tied to the value of conventional assets […] More
On February 28, 2019, the Cisco logo was shown during the Mobile World Congress in Barcelona, Spain. Getty Images | NurPhoto Check out the businesses generating news during Thursday’s lunchtime trading session. Harley-Davidson Motorcycles – The motorbike maker’s stock dropped more than 8% after the business said that most vehicle assembly and shipping will be […] More
On May 18, 2022, traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Getty Images/Spencer Platt Stock futures fell overnight Wednesday as the Dow Jones Industrial Average dropped the most in a single day since 2020. The Dow Jones Industrial Average futures dropped approximately 30 points. Futures on […] More
Moment | Getty Images | Sod Tatong The Federal Trade Commission said Wednesday that scammers are taking advantage of a nationwide baby formula shortage to dupe consumers into paying exorbitant prices through bogus online stores. According to a consumer alert, the con artists use images and logos of well-known formula brands to entice “desperate parents […] More
Jamie Dimon, chairman, and chief executive officer of JP Morgan Chase & Co., testifies before the House Financial Services Committee on accountability for megabanks on April 10, 2019, in the Rayburn House Office Building on Capitol Hill, Washington, D.C. Jamie Dimon, the chief executive officer of JPMorgan Chase, received a rare rebuke on Tuesday due […] More
Futures for U.S. equities were substantially higher on Tuesday morning as the market attempted to recover from a bear market for the tech-heavy Nasdaq and a 19 percent decline for the S&P 500. Futures contracts associated with the Dow Jones Industrial Average increased by more than 300 points, or 1.1%. S&P 500 futures increased by […] More
There have been repeated calls for a comprehensive audit of Tether’s reserves. Since tether briefly deviated from its dollar peg, investors have withdrawn more than $7 billion, raising new questions about the reserves underlying the world’s largest stablecoin. According to data from CoinGecko, the circulating supply of Tether decreased from approximately $83 billion a week […] More
Jerome Powell, chairman of the Federal Reserve, reaffirmed his commitment to reducing inflation by stating on Tuesday that he will support interest rate hikes until prices return to a healthy level. In a live-streamed interview with the Wall Street Journal, the head of the central bank stated, “If that requires us to move beyond neutral […] More
Whether or not Covid lockdowns frustrate businesses in the short term, China still holds the cards in global supply chains. On May 13, 2022, an employee works on the production line of screens for 5G smartphones at a factory in Ganzhou, Jiangxi Province, China. Getty Images | Zhu Haipeng | Visual China Group BEIJING (Xinhua) […] More
China has revealed new city-building plans, which JPMorgan analysts believe will boost some infrastructure stocks. In 2021, a relatively new expressway in a rural area of southwestern China is depicted. Getty Images | Future Publishing | Costfoto China has announced ambitious plans to build more cities, and JPMorgan analysts believe it is time to invest […] More