Author: Press Room

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. After months of a remarkably strong US labor market and economy, everything seems to be slowing down. The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering. The question is whether Friday’s monthly jobs report, easily the most anticipated piece of…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.There are already speculations about the cryptocurrency tokens that would rise in the new year. This article will explore three different tokens, Fantom (FTM), Solana (SOL), and Collateral Network (COLT), and why they could be the next game changers in the DEFI space. Notably, Collateral Network (COLT) is expected to surge by over 3500% in the coming months.>>BUY COLT TOKENS NOW<<Fantom (FTM)As it stands, Fantom (FTM) is experiencing a surge, primarily due to the Singapore-based Hyper Chain Capital declaring its investment in the Fantom token worth $15…

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Multi-strategy hedge funds had a mixed March after the Silicon Valley Bank collapse put markets on edge. The Citadel Wellington fund ended the month up 1.38%, while Steve Cohen’s Point72 was up 1.33%.  Izzy Englander’s Millennium lost 0.15% over the month but is up roughly 0.40% for the quarter.  Multi-strategy mavens got through a volatile March relatively unscathed. While the collapse of Silicon Valley Bank hit some hedge fund managers, firms that offer exposure to a diverse array of asset classes and strategies recorded small gains and low losses.Billionaire Ken Griffin’s Citadel’s flagship Wellington fund again outpaced its rivals with a…

Watching, learning, and choreographing dances on TikTok has been popular since the app launched. It’s helped professional dancers land jobs or secure brand deals and companies recruit talent. Dancers, choreographers, and companies explain how the platform has benefited the industry. This story is the first in a series examining TikTok’s influence on the entertainment business. Welcome to the era of CultureTok.When dancer Neha Dharmapuram joined TikTok, she never imagined it would lead to her Broadway debut.But that’s exactly what happened when, in May 2022, two choreographers came across the 21-year-old’s social-media account. Dharmapuram, who had around 70,000 followers on the…

With one of the most valuable natural gas pipeline systems in the country in Transco and an attractive valuation, Williams Companies (NYSE:WMB) look like an attractive stock at current levels. Company Profile WMB is a diversified midstream operator. It owns interstate natural gas pipelines; gathering, processing and treating assets; NGL marketing services, and crude oil transportation and production handling assets. The company operates in four segments. Its Transmission & Gulf of Mexico segment includes its large interstate natural gas pipelines Transco, Northwest Pipeline, and MountainWest, as well as related natural gas storage facilities. The segment also includes natural gas gathering…

Investors are loading up on protection against a fresh round of financial turmoil in US regional bank stocks as lenders prepare to reveal how badly their earnings have been squeezed by the troubles that took down Silicon Valley Bank.Regional bank share prices have stabilised since SVB’s collapse sparked a massive mid-March slide, but traders are buying record amounts of options tied to midsized lenders that had some of the highest volatility, according to Bloomberg data. Several banks that were badly hit in the recent volatility — including Citizens Financial, Charles Schwab and Keybank — have seen options interest hit record…

Health and Human Services Secretary Xavier Becerra on Sunday said “everything is on the table” following a Texas federal judge’s ruling to suspend the Food and Drug Administration’s approval of the medication abortion drug mifepristone. In an interview with CNN’s Dana Bash on “State of the Union,” the secretary would not say whether he believes the FDA should ignore the ruling and keep the drug on the market, but he maintained that the Biden administration is considering all options. “We want the courts to overturn this reckless decision,” Becerra said, adding that there was a “good chance” of Supreme Court…

Investors are suddenly worried about a potential recession. That means “bad news” on the economy might no longer be “good news” for the stock market.Until recently, investors welcomed signs of a slowing economy, figuring it meant the Federal Reserve would soon stop raising interest rates, presumably in time to avert a recession as inflation cooled. Following last month’s banking troubles, investors appear more fearful of a potential downturn, market watchers said. The market has shifted its focus from inflation to recession this year, according to Michele Morra, portfolio manager at Moneyfarm. The recent employment data adds to the growing evidence that…