Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 04:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
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GameStop Drama: Who Really Won the Money?
"Maybe it's not as much of just the little guy versus the big guy," JMP Securities analyst Devin Ryan explained.
Feb 05, 2021 07:30 PM EST
Stefan He Qin, Wolf of Crypto Street, Pleads Guilty Over Securities Fraud
Stefan He Qin pleaded guilty to having stolen and disbursed almost all of his $90 million flagship hedge fund. He is also charged with the attempt to get more millions of dollars from another fund to repay the investors.
Feb 04, 2021 07:48 PM EST
Deutsche Bank Slays 2020 With Unexpected Earnings, Breaking Analysts' Loss Expectations
Analysis had actually expected it to not earn a cent; instead, they saw it making a huge loss of 201 million euros. That's what happened to Deutsche Bank in 2020.
Feb 04, 2021 05:00 AM EST
Super Bowl 2021: Miller Lite Giving Away $8 To Battle Michelbob Ultra Head On
Miller Lite and Michelob Ultra have never went head-to-head like this in the past though. For years, Miller Lite and Bud Light seem to be the ones competing with each other.
Feb 04, 2021 03:00 AM EST
Parler Fires CEO John Matze After Capitol Riot Scandal
Based on the memo that Fox News was able to obtain, Matze said he was terminated and that the decision was made without his participation.
Feb 03, 2021 11:48 PM EST
President Biden Pushes $1,400 Stimulus Checks; But, Who's Eligible?
Among the elements that President Biden said he is willing to compromise on is, who will be eligible for the next round of stimulus checks. He does not want to compromise on the amount, however, claiming the size of the $1400 payment should stand.
Feb 03, 2021 10:07 PM EST
Alibaba's Future Growth Uncertain After Jack Ma Caught Chinese Government's Ire?
Alibaba has reported higher-than-expected earnings for the December-quarter. But analysts now think the earnings are not likely to be enough to secure the company's growth if the government is monitoring its every move.
Feb 03, 2021 04:00 AM EST
Andy Jassy Net Worth: Is The Amazon New CEO as Wealthy as Jeff Bezos?
Annually, his salary as the CEO of AWS reaches $348,809. For the ordinary employee, this number is only aspired for.
Feb 03, 2021 03:19 AM EST
Debt Limit Might be Breached in Late Summer, Think Tank Says
The debt limit was temporarily suspended in 2019. However, it will already be reinstated Aug. 1.
Feb 03, 2021 12:03 AM EST
Amazon Announces Q4 Earnings, 2020 Full Year Performance, and a New CEO for 2021
Amazon also announced that Andy Jassy will be taking on on the role of the Chief Executive Officer, while Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021.
Feb 02, 2021 07:25 PM EST
Republicans' Stimulus Proposal Deprives Third Check from 17% of Those Eligible Under President Biden's Plan
The GOP plan would allegedly cut of people earning higher than $50,000 a year and couples whose income is higher that $100,000
Feb 02, 2021 09:40 AM EST
GameStop, AMC Drama Over: Are the Reddit Investors Losing?
The stocks that have became quite popular among the Reddit investors - those that have values that increased exponentially overnight, are now crashing.
Feb 02, 2021 10:38 AM EST
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