Ohio-based ProMedica Health System lost its final investment grade rating when Moody’s Investors Service cut the credit citing ongoing losses as the system struggles with ongoing COVID-19 related challenges that have hit its senior care business especially hard. Moody’s dropped the rating two notches to Ba2 from Baa3 Monday and warned of further deterioration by
Dogecoin (DOGE) may be back in the top-ten cryptocurrency by market capitalization, but its loses in both USD and Bitcoin (BTC) terms since Elon Musk’s SNL appearance are considerable. Dogecoin loses Musk-effect The DOGE/BTC trading pair has fallen 75% after peaking out at 1,287 satoshis on May 9, 2021, a day after Musk was a
Tracey Ryniec uncovers opportunities in 2 niche healthcare companies. Radnet: https://www.zacks.com/stock/quote/RDNT?cid=CS-YOUTUBE-FT-VID Nobilis Health: https://www.zacks.com/stock/quote/HLTH?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
Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies. On Sept. 15, 1Inch revealed the lack of safety in using Profanity as it
Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S. September 7, 2022. Carlos Barria | Reuters The market outlook is becoming increasingly uncertain, given unwieldy inflation and a slowing economy. Stocks ended Friday with losses. They were ultimately unable to bounce back from a
In this article ADBE DECK WYNN FSR NSC NFLX PYPL HUM ARNC Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and
Sentosa Island–Singapore’s waterfront playground where homeowners park yachts outside front doors–turns 50 years old this year. Formerly known as Pulau Belakang Mati, the nearly two-square-mile isle sits at the southern end of mainland Singapore–minutes away via cable car, auto, public transport, bicycle, moving walkway, or a garden-themed boardwalk. Getting to Sentosa is simple by this
Fabio Formaggio / 500Px | 500Px Plus | Getty Images Last year, I moved into a one-bedroom apartment in Manhattan. At 28, I was living alone for the first time. It was tremendously exciting, but I also had a problem: I had no furniture. For weeks I slept on an air mattress that would be
The inclusive crypto ecosystem has become home to numerous A-list celebrities over the years — primarily driven by the nonfungible tokens (NFT) hype of 2021. However, despite the prolonged bear market and an evident dip in cryptocurrency prices, celebrities continue to pour in support for the crypto market. Over the past year, celebrities have started
New York City could use municipal bonds as a way to finance better outcomes for migrants coming to New York from Ukraine and the southern border, city Comptroller Brad Lander said. Asylum seekers coming to the Big Apple could benefit from a new economic initiative tied into an inclusive strategy, Lander said during a webinar
The US central bank will lift its benchmark policy rate above 4 per cent and hold it there beyond 2023 in its bid to stamp out high inflation, according to the majority of leading academic economists polled by the Financial Times. The latest survey, conducted in partnership with the Initiative on Global Markets at the
Puerto Rico Electric Power Authority mediation ended Saturday morning and the Oversight Board is proposing that litigation commence, as the sides were unable to reach an agreement. “[S]harp differences over what a reasonable settlement is” remain, the board said. The sides “also differ on some key legal issues.” The current round of mediation started in
Tracey Ryniec and Sheraz Mian look at an apparel giant and a regional bank. Comerica: https://www.zacks.com/stock/quote/CMA?cid=CS-YOUTUBE-FT-VID PVH Corp: https://www.zacks.com/stock/quote/PVH?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
Ethereum’s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingView An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the
Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Business: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping and enhancing
In this article IP FDX UBER ADBE FE SNOW FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares of the delivery giant slid about 21.4% after the company preannounced disappointing results for the
A modern penthouse found high up in the W Residences Austin in Downtown Austin, Texas, has changed hands after roughly two weeks on the market, according to the listing brokerage. The asking price, which included the furnishings, artwork and other household accoutrements, was $5.95 million. Sleek and stylish furnishings are meaningfully placed throughout the penthouse.
Terra classic rose by as much as 20% in today’s session, which comes following a recent bearish streak. Today’s rally follows Thursday’s drop to a key support point, with bulls using this as an ideal area to reenter. Xrp was also higher, as it moved closer to a long-term resistance level. Terra Classic (LUNC) Terra
Municipals were weaker on the front end of the curve as selling pressure mounted all week while U.S. Treasuries were mixed and equities ended down again. Investors will be greeted with a lackluster calendar of a mere $1.4 billion total and only two deals over $100 million as issuers hold back with the Federal Open
Wall Street stocks recorded the biggest weekly drop in months after a profit warning from economic bellwether FedEx jolted investors who are already on edge over a looming interest rate rise by the US Federal Reserve at its upcoming meeting. The blue-chip S&P 500 index fell 0.7 per cent on Friday, bringing weekly losses to
With their revenues beating expectations through stronger-than-expected tax receipts and federal pandemic aid, many states have used the extra funds to pay down unfunded pension liabilities accrued in some cases over decades, according to a Pew Charitable Trusts report on state pension systems. The combination of increased contributions and surging investment returns “has had a
The World Bank has warned of a possible global recession in 2023. In a press release on Sept. 15, the bank said that the current pace of rate hikes and policy decisions is unlikely to be enough to bring inflation down to pre-pandemic levels. Ray Dalio, the billionaire founder of Bridgewater Associates said in a blog
Starting the New Year with Two Well Known Names. JPMorgan Chase: https://www.zacks.com/stock/quote/JPM?cid=CS-YOUTUBE-FT-VID Northrop Grumman: https://www.zacks.com/stock/quote/NOC?cid=CS-YOUTUBE-FT-VID
Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City. Michael M. Santiago | Getty Images Economists, Wall Street analysts, hedge fund managers and public prognosticators have been all over the map lately in trying to divine the ways of Wall Street. Some have
In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of
For generations, upper-class retail establishments have held out their superior service as a reason for customers to patronize them rather than lower-priced stores. The same emphasis on service is at play in some of the nation’s highest-end residential buildings. Sure, tennis courts and exclusive dining rooms and other physical amenities carry cache. But what good
Municipals were weaker Thursday as mutual fund losses climbed another $1.4 billion, while U.S. Treasuries sold off five years and in and equities ended in the red as ongoing concerns over Fed policy hang over markets. Municipal triple-A yields rose two to three basis points while UST rose up to eight on the short end
Sterling slid to its lowest level since 1985 on Friday after a round of weaker than expected data on UK retail sales amplified concerns that the country is headed for a prolonged recession. The pound dropped 0.8 per cent in morning trading in London to $1.137, the first time it has breached the $1.14 mark
Ratings pressure on both large and small hospitals could mount into next year as the sector confronts a perfect storm from an ongoing labor shortage, inflationary costs, and equity losses amid waning federal relief. Double-digit increases in patient revenue last year as volumes rebounded from 2020 pandemic scars drove some of the highest median operating
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