Author: Press Room
First-quarter earnings season is about to kick off, and investors should be prepared to be inundated with endless headlines, news stories and analyses — some more useful than others — about a myriad of companies. While our general focus is on the 35 stocks currently in Jim Cramer’s Charitable Trust, the reality is that any investor who wants to stay up-to-date needs to follow the news around the other major companies in the sector in which they’re invested. By listening to what other companies are saying, we can better understand an industry and the potential implications for our holdings, all…
When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those startup founders were limited. SVB had a reputation for servicing people from underrepresented communities like hers. Its failure has reignited concerns from industry experts about lending discrimination in the banking industry and the resulting disparities in capital for people of color. Hamilton, the 43-year-old founder and managing…
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Luna Classic (LUNC), the token that powers the original but now largely defunct Terra blockchain, has seen a strong rebound from its Wednesday lows on Thursday and, as per CoinGecko, was last trading around 3.5% higher in the last 24 hours just above $0.0001250.The cryptocurrency had dipped as low as $0.00012 on Wednesday, dropping under its 21-Day Moving Average in the process, but has since recovered in tandem with upside in major blue-chip cryptocurrencies like Bitcoin and Ether.Price predictions have thus become a tad more bullish. The former is performing as the US dollar weakens and US yields edge lower amid…
Hiya! Dan DeFrancesco in NYC, and as a frequent orderer of takeout, I’m enthralled by the recent debate over tipping etiquette for delivery drivers. Today, we’ve got stories on a fintech’s partnership with a Marvel star, landlords are not having fun these days, and a breakdown of how much you can really save moving out of NYC. But first, is this a tax write-off?If this was forwarded to you, sign up here. Download Insider’s app here.1. Kenny Giving. Billionaire hedge-fund manager Ken Griffin is back in the news, but this time it’s for what he’s giving, not taking (in). Griffin, who founded…
Elon Musk told the BBC that reports about him being a “horrible person” have been “hurtful.” He also clashed with the reporter about misinformation on Twitter. Musk went on to speak about the importance of free speech and holding power to account. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk spoke about how media coverage of him had been “rough” and “hurtful” during a 90-minute interview with the BBC that was live-streamed on Tuesday night from Twitter’s San Francisco office. “I’ve been under…
US stocks advanced on Thursday after cooler than expected inflation data boosted traders’ hopes that the Federal Reserve could tap the brakes on its tightening cycle.The blue-chip S&P 500 rose 1.3 per cent in New York, closing at its highest level since February 15. The tech-heavy Nasdaq gained 1.9 per cent.Traders were encouraged by data showing a cooling of the US economy, as producer prices unexpectedly fell 0.1 per cent in March, which could signal relief for consumers who have had higher operating costs passed on to them. New jobless claims data showed the number of people filing for unemployment…
Former President Donald Trump is asking a judge to delay a columnist’s assault and defamation trial set to being later this month after learning that a billionaire who has donated to Democratic causes has paid for some of the accuser’s legal fees. Read the full article here
U.S stock indexes turned lower in the final hour of trade Wednesday, reversing earlier gains after minutes from the Federal Reserve’s March policy meeting showed policymakers projected the U.S. economy will fall into a “mild recession” later this year as banking stress continues to rattle financial markets. The Dow Jones Industrial Average shed 47 points, or 0.1%, to 33,633. The S&P 500 lost 0.4%, while the Nasdaq Composite dropped 0.7%. Federal Reserve officials, meeting days after the collapse of Silicon Valley Bank, agreed that the stress in the banking sector would slow U.S. economic growth, but were uncertain… Read the…
Gold prices settled Monday at their lowest in a week, but held above $2,000 an ounce amid a bout of what some precious-metals analysts have described as “profit-taking.” A stronger U.S. dollar also weighed on the yellow metal. Price action Market drivers Gold prices rose last week for the sixth week in a row. But prices declined Monday, down a third straight session, as global markets were caught in a post-Easter lull, with much of Europe still out. Monday’s… Read the full article here
