Author: Press Room
Tuesday April 11th 2023 – Ecoterra, a web3-based recycle-to-earn app, has made a significant splash in the crypto community as its presale fundraising amount doubled within just 24 hours.The presale is likely to have completed half of its targeted first-stage total of $400,000 within the next few hours. FOMO (fear of missing out) is definitely building up. The Ethereum upgrade and renewed focus on bitcoin mining’s electricity usage has served to draw more attention to sustainable crypto, but it is probably the news of top brands joining ecoterra’s database of scannable recyclables that has lit the fire.Barely a week since the presale…
Finally… Friday Dan DeFrancesco in NYC, and we’ve got an update on the “cocaine hippos.” First, I need your help. I’m collecting readers’ questions that I’ll answer in next Friday’s newsletter (A mail bag? For a newsletter? Groundbreaking.) So if you’ve got Wall Street-related questions, submit them here.Also, we’ve got a big people move. Merrill Lynch Wealth Management President Andy Sieg is leaving the firm to lead rival Citi’s wealth business. Meanwhile, Lindsay Hans and Eric Schimpf are taking over as co-heads. Read more about Hans and Schimpf here.Fun fact Friday: The concrete used in ancient Rome is actually stronger than…
Even the best Apple Watch isn’t protected from scratches or nicks. You could just cross your fingers and hope it makes it through the day unscathed, or you could get yourself a screen protector. Similar to how screen protectors work for phones, the best screen protectors for the Apple Watch will fend off everyday wear and tear. They go a long way in helping your wristwatch keep that new, out-of-the-box look after months of wearing it. Before you commit, keep in mind case sizing and compatibility. The Apple Watch Series 8 is available in either a 45mm or 41mm display, while the…
Monro, Inc. (NASDAQ:MNRO) recently announced incoming gross margin improvements from opportunistic pricing actions and successful management of the product mix. Besides, management announced potential new M&A opportunities for 2023. I also believe that we could see further divestitures to reshape the balance sheet. Even taking into account potential risks from supply chain issues, increase in the price of imports, or changing regulations, I think that MNRO stock remains significantly undervalued. Monro Reports A Significant Number Of Brands, And Signed Agreements To Sell Some Divisions And Acquire New Targets Monro is a national tire retailer and auto repair parts sales company…
Carlyle Group has abandoned its long-planned investment in healthcare analytics company Cotiviti, according to people briefed on the matter, dealing a blow to the private equity firm as it struggles to raise cash for buyouts after upheaval in its top ranks.The deal’s demise took investors across Wall Street by surprise, since Carlyle had lined up $5.5bn in debt and a further $1bn preferred stock investment to finance the transaction.Cotiviti’s owner, Veritas Capital, another US-based private equity firm, had hoped to sell half of the business at an about $15bn valuation. Late in the process, Carlyle sought to lower its purchase…
Why the Manhattan DA is suing this GOP congressman Manhattan District Attorney Alvin Bragg is suing House Judiciary Chairman Jim Jordan over what the lawsuit describes as a “transparent campaign to intimidate and attack” his office’s case against former President Donald Trump. CNN’s Manu Raju and CNN’s Laura Coates, a former federal prosecutor, weigh in. Read the full article here
U.S. stock futures traded weaker to flat on Monday, with signs that technology could be leading any lower action following the long Easter weekend. S&P 500 futures ES00, +0.05% fell 8 points, or nearly 0.2%, to 4,124, while Dow Jones Industrial Average futures YM00, +0.06% eased 11 points to 33,650 and Nasdaq-100 futures NQ00, +0.06% fell 64.5 points, or 0.4%, to 13,107. While equity and bond markets were closed for the Good Friday holiday, data showed the U.S. added 236,000 new jobs in March, dashing the Federal Reserve’s hopes for a big slowdown in hiring and possibly opening the door…
Jefferies analysts on Tuesday said Morgan Stanley, Goldman Sachs Group Inc., Bank of New York Mellon Corp. and State Street Corp. remain more attractive than other big banks ahead of first-quarter earnings season. Jefferies analysts said they prefer Goldman Sachs GS, +0.74% and Morgan Stanley MS, +1.30%, as well as BNY Mellon BK, +1.13% and State Street STT, +1.62%, as ways to have exposure to any potential positive around deposit flows to larger banks. Those banks also offer less net interest income risk and better capital positioning, the analysts said. The research update from Jefferies came as JPMorgan Chase &…
A record share of consumers in March said credit standards were tighter than a year ago, according to a new look at consumer expectations that also showed people predicting their access to credit would only narrow in the year ahead. After Silicon Valley Bank and Signature Bank failed in early March, experts and policymakers predicted one outcome would be tighter credit access from banks that were feeling the jitters about their lending approaches. In an ongoing look at consumer perceptions, just over 58% of those polled said it was either “much harder” or “somewhat harder” to tap some form of…
The Bank of England said Megan Greene will replace Silvana Tenreyro as an external member, for a three-year term starting in July. Greene is currently global chief economist at Kroll and according to the central bank “has a broad understanding of financial markets internationally and significant experience of advising leaders on the potential impacts of global macroeconomic developments.” Tenreyro, one of the most dovish monetary policy committee voters, has been on the central bank since July 2017. External members are allowed to serve two three-year terms. Read the full article here
