Author: Press Room
Hi! Dan DeFrancesco in NYC, but I might be on my way to Virginia soon if these dolphins don’t stop it with the bullying. I still need questions for the upcoming reader mailbag. Drop any finance-related (or non-finance) questions you have for me here. (No email needed!) I’ll answer them in Friday’s newsletter.Today, we’ve got stories on crypto getting in on the AI bandwagon, the consultants still vying for the UBS-Credit Suisse mandate, and some more workout advice.But first, iiiiiiiiiiiiiiiiiiiiit’s TIME!If this was forwarded to you, sign up here. Download Insider’s app here.1. M&A from the top rope. Wait, what’s that?…
YouTube creators earn money from Google-placed ads on their videos. A number of factors determine how much money they make, including video views. Creators said how much YouTube pays for 1 million views ranged from $3,400 to $30,000. 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 While many factors — content niche and country, among them — determine how much money a YouTuber earns on any particular video, the number of views it gets is perhaps the most significant.When a YouTube video hits 1…
The narrative of an impending recession, then at the same time there’s a narrative of “sticky” inflation The more negative the reaction by financial pundits, and commentators the more accepted the notion of the big nearly thousand-point drop becomes. I am not here to say this is not possible, suppose it is. That doesn’t mean it is happening this month or even next month. Maybe the big selloff happens in September or October. That gives plenty of time for this rally to keep moving up. Moving as volatile as can be. Why am I promoting this notion of a rally…
Shares in 10 Chinese companies soared almost 100 per cent on average on Monday, as the first batch of initial public offerings under a new streamlined listings regime debuted in Shanghai and Shenzhen.The top gainers among the new launches included Shenzhen CECport Technologies, an electronics distributor, whose shares ended trading up more than 220 per cent, and Shaanxi Energy Investment, a state-owned electricity group that raised Rmb7.2bn ($1.1bn) from its IPO and whose stock rose about 48 per cent. The average gain across the 10 new listings was more than 96 per cent.But financial experts said the massive price gains…
Democratic Rep. Alexandria Ocasio-Cortez of New York reiterated on Sunday her call for the impeachment of Supreme Court Justice Clarence Thomas following revelations that he didn’t disclose several luxury trips subsidized by a Republican megadonor. In an interview with CNN’s Dana Bash on “State of the Union,” Ocasio-Cortez called for an inquiry into the matter, saying it was “the House’s responsibility to pursue that investigation in the form of impeachment.” “I believe that we should pursue the course. And if it is Republicans that decide to protect those who are breaking the law, then they are the ones who then…
Stock futures traded steady Monday as investors assessed the monthly U.S. jobs report that showed a slowdown in hiring, and looked ahead to inflation data and the beginning of corporate earnings season later this week. These stocks were poised to make moves Monday: Pioneer Natural Resources (ticker: PXD) was rising 6.7% following a report from The Wall Street Journal that said Exxon Mobil (XOM) had held preliminary talks with the shale driller about a possible acquisition. Discussions between the two companies about a potential deal have been informal, people familiar with the matter told the Journal. Exxon dipped 0.2%. First Republic Bank…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSGot gold? Biggest gold ETF attracts investors as the ‘safe haven’ yellow metal shines There’s been a bit of a gold rush lately. Read More ‘Every time the bulls think they can celebrate, the Fed or the Treasury throws cold water on the party.’ This rally so far is an oversold one. S&P 500 resistance is at 4040, with support at 3760, writes Lawrence McMillan. Read MoreThis Gabelli financial-fund manager has bucked this year’s brutal…
Borrowers are slated to resume student loan payments in a few months and if they need help, it may be harder to get someone on the phone than in the recent past. In documents filed with the Securities and Exchange Commission, Nelnet NNI, -0.18%, a publicly traded company that owns two major student loan servicers, detailed changes to its contract with the Department of Education starting April 1, including cutting the minimum number of hours its customer service center is required to be open each week. The company also said it laid off 550 staff. The cuts come after the Department…
The U.S. Securities and Exchange Commission is embarking on its most ambitious program of market-structure reform in a generation in the wake of the meme-stock saga that focused the public’s attention on stock-market plumbing like never before. The financial rule making process is typically dominated by insiders with the knowledge and resources to keep up the pressure on regulators, but this time around individual investors are using the power of social media to organize and make their voices heard. See also: Gensler’s meme-stock reforms are meant to help retail traders. Some investor protection advocates aren’t so sure. Their newfound might…
© Reuters. FILE PHOTO: A man uses a mobile phone outside a 7-Eleven convenience store in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai TOKYO (Reuters) -ValueAct Capital criticised Seven & i Holdings on Friday for having failed to provide clear answers to key questions about the Japanese retail giant’s strategy, building up tension ahead of its annual shareholders meeting. “Seven & i did not answer any of the nine questions posed by ValueAct in a clear and specific way,” ValueAct told Reuters in a statement, a day after Seven & i independent directors promised to continue reviewing strategic alternatives. The…
