Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss Chipotle Mexican Grill, Inc. (CMG) and its recent stock plunge. Chipotle has been plagued by an E. coli outbreak in the Northwest and subsequent negative public relations which have hit fourth quarter sales hard. The company recently lowered fourth quarter sales guidance to
Month: June 2023
The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph. Ripple has been in a legal battle with the SEC since December 2020. The regulator alleges it was offering unregistered securities via XRP (XRP) since 2013. On June 6 the SEC
Preston Hollow Community Capital and Nuveen expect to close next month on a deal giving Nuveen a stake in its smaller rival in the high-yield muni space. The investment featured prominently in a settlement ending PHCC’s four-year-old legal pursuit of Nuveen for using what one judge labeled as “lies” and “threats” to damage its access
Donald Trump said on Thursday evening that he had been indicted on federal charges in connection with classified documents found at his Mar-a-Lago residence in Florida, the latest legal woe to hit the former US president as he mounts another White House run. “The corrupt Biden Administration has informed my attorneys that I have been
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters The current crypto frenzy is ‘”reminiscent of what we had in the 1920s before the federal securities laws were put
In this article CMTL GM MTN DOCU Follow your favorite stocksCREATE FREE ACCOUNT The DocuSign website on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines after hours. DocuSign — DocuSign jumped 5.6% in extended trading after the electronic agreements firm
Forbes Global Properties A stylishly renovated three-bedroom penthouse in Manhattan’s Chelsea neighborhood takes in two iconic views of the city from a pair of terraces. The more than 2,200-square-foot unit has two outdoor spaces, one that has a view of the Empire State Building, and another catty-corner space that takes in lower Manhattan to One
A sign is posted in front of a home for sale in San Francisco, February 20, 2023. Justin Sullivan | Getty Images Even in a housing market that has slowed significantly due to rising mortgage rates, the supply of homes for sale is about half of what it was in 2019. The shortage is hitting
Bond lawyer requests for clarifications on Internal Revenue Service rules affecting municipal finance are so far eliciting no answers from the IRS, leading the National Association of Bond Lawyers to send a letter to the agency requesting a response to some issues that date back to 2018. The letter comes from NABL president Jodie Smith of Maynard Nexsen,
Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin. BTC supply moves to Asia The past year has seen some seismic shifts in where Bitcoin is held and traded. In
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Bitcoin (BTC) and altcoins have been volatile in the past two days as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase. After the initial knee-jerk reaction to the news and the subsequent rebound, markets are
Puerto Rico Electric Power Authority bondholders say they are owed $8.5 billion and the timeframe of being able to collect on their claim should continue in perpetuity. That was a central point of contention during Tuesday’s PREPA bond claim estimation hearing during which lawyers for the bondholders and the Oversight Board argued about what the
The US, Taiwan and Japan are to share real-time data from naval reconnaissance drones, according to four people familiar with the project, demonstrating Washington’s push to strengthen co-ordination in the event of a Chinese attack on Taiwan. US defence contractor General Atomics is due to deliver four MQ-9B Sea Guardian drones to Taipei beginning in
Gabby Jones | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Affirm’s Adaptive Checkout, which offers customers pay-over-time plans, will now be a payment option through merchants offering Amazon Pay. related investing
Forbes Global Properties Few coastal neighborhoods in Southern California are as exclusive as Harbor Island in Newport Beach. For starters, there are just 30 homes on the small, semi-artificial island in Orange County’s Newport Bay. The island is defined by its ultrawealthy residents and bayfront setting. The waterfront home 11 Harbor Island Road features a
Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. ECA International’s latest “Cost of Living” research ranked 207 cities based on a basket of day-to-day goods and services commonly purchased by assignees. That includes food,
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Fitch Ratings upgraded Jacksonville, Florida, utility JEA’s more than $1.2 billion of water and sewer system debt to AA-plus from AA. The elevated rating applies to $1 billion of water and sewer system senior revenue bonds; $185 million of subordinated revenue bonds; and $28 million of district energy bonds. The outlook is stable. The upgrades
In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange. Most likely, the U.S. population will be barred from using the international version of Binance, and those who opt for VPN services will be at risk
One stock is being blown off the book and the other had almost blow out earnings. Extreme Networks: https://www.zacks.com/stock/quote/EXTR?cid=CS-YOUTUBE-FT-VID Synchronoss: https://www.zacks.com/stock/quote/SNCR?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
If you want to balance risk and return, then you can vary the mix of stocks and bonds in your portfolio. But how do you go about choosing the funds, how many funds do you need, and how can you implement the strategy cheaply on Trading 212? In this video, we answer those questions and
Author of Undressing Bitcoin: A Revealing Guide to the World’s Most Revolutionary Asset and host of The Layah Heilpern Show. Author, podcaster and crypto influencer Layah Heilpern’s unapologetic and sometimes controversial tweets have amassed her an impressive 606,900 Twitter followers. She tells Hall of Flame she fearlessly “speaks the truth about things” and admires others
Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security. The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, who inferred Dorsey was a “clown” in
House Republicans on Tuesday sharply criticized responses from the Federal Reserve and the Department of Treasury, taking the agencies to task for rate hikes that they said damaged the municipal and other markets, thwarted transparency, and cracked the banking system. The comments came during a House Financial Services Committee hearing on Tuesday. The discussions included
UK hopes of securing a quick deal to deepen digital trade ties with the US have run into the diplomatic sands amid growing resistance to such pacts in Washington, technology industry insiders have warned. The sector’s frustrations emerged as Prime Minister Rishi Sunak landed in Washington for a meeting with President Joe Biden at which
In this article COIN GTLB THO HQY ZION KEY Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Here are the stocks making the biggest moves in midday trading on Tuesday, June 6. Coinbase —
A rare Victorian-era home―its gas-lit heyday marked by white-glove soirees―has come to market in San Diego’s Bankers Hill district. The 1889 Queen Anne-style home, with its dome-topped tower, wraparound gingerbread porch, carriage house and impeccably maintained interior is priced at $6.485 million. “This is one of San Diego’s best,” says Bruce Coons, an architecture historian
Unfinished buildings, abandoned part way through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images
Fresh off enacting a tax credit program tied to private school education, Oklahoma will directly fund a religious charter school — a move the state’s attorney general called unconstitutional and potentially costly for the state to defend. In a 3-2 vote Monday, the Oklahoma Statewide Virtual Charter School Board approved an application from the Roman
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