Today, Ryan McQueeney, the new editor in charge of the Zacks Income Investor Portfolio, takes a look at Potlatch (PCH) and Illinois Tool Works (ITW), two income stocks with positive and negative factors influencing their share prices right now. Potlatch: https://www.zacks.com/stock/quote/PCH?cid=CS-YOUTUBE-FT-VID Illinois Tool Works: https://www.zacks.com/stock/quote/ITW?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch
Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests that many interested buyers (including whales) were left on the sidelines. The recent rally to $25,000 shared many similarities with the 2019 bear market rally,
Two rating agencies hit Ohio-based UC Health with two-notch downgrades and warned of the potential for further cuts citing operating losses that could lead to future covenant violations. Moody’s Investors Service dropped its rating on the system to Baa2 from A3 Feb. 7 and placed the rating under review for a further downgrade. S&P
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is that volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed
Getty Images I was recently at an ETF conference in Miami Beach, and one night a few of us noticed that Bruce Springsteen was playing up the road in Hollywood. We kicked around the idea of going, until someone said that ticket prices were likely $1,000 and up for the sold-out event. We went out
In this article EOG ADBE SG CVNA ADSK WBD BA MELI SQ BYND Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines before
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing by June of all cryptocurrency exchanges operating
Forbes Global Properties Portland’s Pearl District has much to offer. Set in the heart of Oregon’s largest city, its warehouses and rail yards have given way over the years to restaurants, breweries and boutiques. The lively urban neighborhood is home to several art galleries and a theater. Housing is made up of a mix of
SDI Productions Despite the cooling market, many homeowners made money selling their property in 2022 — and part of that windfall may be taxable. Home sellers made a $112,000 profit on the typical sale in 2022, a 21% increase from 2021, and a 78% jump from two years ago, according to ATTOM, a nationwide property
S&P Global Ratings upgraded Illinois by one notch Thursday for ongoing progress in chipping away at its debts and rebuilding its rainy day fund. The action — lifting $26.5 billion of general obligation bonds to A-minus from BBB-plus — puts the state back into the single-A category for the first time in seven years and
The US will make “no apologies” for prioritising American jobs in its bid to lead the global clean energy contest, the White House official responsible for the $369bn green funding drive has said. In an interview with the Financial Times, John Podesta, Joe Biden’s senior clean energy adviser, pushed back at criticism that the US
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge
The Puerto Rico Oversight Board received some support in its battle over discovery with Puerto Rico Electric Power Authority bondholders, but the court has yet to weigh in. Puerto Rico’s Fiscal Agency and Financial Advisory Authority filed a joinder Thursday, supporting the board’s position on discovery. “There will be a time and place to bring
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted at the Nvidia headquarters on May 25, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Check out the companies making headlines in early morning trading. Lucid Motors — The electric vehicle maker saw shares slide 14% premarket after reporting that fourth-quarter
CoreLogic, a global property data and analytics-driven solutions provider, today released its monthly Loan Performance Insights Report for December 2022. For the month of December, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared
A TV camera points to the U.S. Supreme Court as justices inside heard arguments in Gonzalez v. Google at the court in Washington, February 21, 2023 Kevin Lamarque | Reuters The Supreme Court in a unanimous decision Wednesday ruled that a California woman could not use U.S. bankruptcy code protection to avoid paying a $200,000
Rejecting nearly all of the challenges to its disclosure statement and plan of adjustment in the Puerto Rico Electric Power Authority bankruptcy, the Puerto Rico Oversight Board attempted to explain why National Public Finance Guarantee could get preferential treatment. National’s treatment is permissible since it is supported by a “legitimate basis,” the board said, citing
The EU and its allies are investigating a surge in exports to economies in Russia’s vicinity as they seek to prevent companies from evading western sanctions imposed on Moscow. David O’Sullivan, the EU’s newly appointed sanctions envoy, told the Financial Times that big increases in trade with countries in Russia’s neighbourhood raised questions as to
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The United States equities markets saw their worst performance of 2023 as concerned investors dumped stocks on Feb. 21, fearing continued rate hikes by the U.S. Federal Reserve. Although the cryptocurrency markets also gave back some of the gains, the fall was comparatively muted. UTXO Management senior analyst Dylan LeClair said that Bitcoin’s (BTC) correlation
States in the Southeast have a mixed message for electric vehicle makers and buyers. New factories to build EVs are celebrated and subsidized by the region’s largely GOP-controlled governments. But many of those same governments discourage EV ownership with special taxes levied on owners. Tennessee Gov. Bill Lee spearheaded almost $900 million of incentives for
The decentralized autonomous organization-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000. LinksDAO — self-described as a “global group of golf enthusiasts” that is on a mission to build the “world’s greatest golf community” — officially opened the proposal vote
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, February 17, 2023. Brendan McDermid | Reuters Is the growth of passive investing a threat to the stability of the stock market? A new study says you shouldn’t worry. There have been several very successful investing trends in the
In this article KEYS PANW COIN TOL Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in the premarket: Palo Alto Networks —
Artist name: Grant Riven Yun Location: Milwaukee Date minted first NFT: Feb. 3, 2021Which blockchains? Ethereum, Counterparty (Bitcoin) Who is he? Grant Yun has always been an artist at heart with an early aspiration to have his work featured at a major auction house. A curious and motivated individual, Yun is studying medicine while juggling his work
Rental platform REZI will announce later today their $100 million deal with SR Alternative Credit, a private credit affiliate of Spouting Rock Asset Management, for a new investment model the company is launching. REZI, an alum of startup accelerator Y Combinator, aims to streamline the rental process through its all-digital platform by lowering costs and
In this article INVH TCN-CA Follow your favorite stocksCREATE FREE ACCOUNT Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. “What we’re saying is don’t have private equity buying
A bill introduced in California’s legislature would prohibit banks or lenders with business customers that manufacture firearms from working on the state’s public finances. Senate Bill 637, introduced Thursday by California Sen. Dave Min, D-Costa Mesa, applies to every aspect of the state’s public finances including municipal bonds, capital projects and the state’s debt portfolio,
UK prime minister Rishi Sunak is exploring a 5 per cent pay rise for public-sector workers to end an escalating wave of strikes after the Treasury was given an unexpected £30bn windfall. In a sign of a change of mood after months of strife, the Royal College of Nursing on Tuesday called off a 48-hour
A new acronym of equities that could define the next decade of investing. Sea Limited: https://www.zacks.com/stock/quote/SEA?cid=CS-YOUTUBE-FT-VID CRISPR: https://www.zacks.com/stock/quote/CRSP?cid=CS-YOUTUBE-FT-VID Alibaba: https://www.zacks.com/stock/quote/BABA?cid=CS-YOUTUBE-FT-VID Nvidia: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Splunk: https://www.zacks.com/stock/quote/SPLK?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch