Detroit’s post-Chapter 9 fiscal progress despite the COVID-19 pandemic’s revenue blows drew an upgrade from Moody’s Investors Service that moves the city two notches away from investment grade. Moody’s raised the rating Wednesday one notch to Ba2 from Ba3 and signaled by leaving a positive outlook on the rating that another upgrade could be in
What Is the Double Top Reversal Pattern? -You need a prior trend that is positive in order for it to be a reversal -There are usually two points that force a stock to reverse -As the stock climbs upward, it hits the first top, the stock goes down (sentiment is saying the stock is too
Understanding VIX contango and ETF leverage can save you a small fortune.
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Acorns, the fintech start-up that scrapped plans to go public in January, has raised $300 million from private investors, CNBC has learned. The savings and investing app is now valued at $1.9 billion after the transaction, more than double its last private round valuation, according to
Traders on the floor of the NYSE, March 2, 2022. Source: NYSE The Securities and Exchange Commission is voting on Wednesday to propose new cybersecurity rules for public companies. There are two components to the proposal: Mandatory cybersecurity incident reporting: “Material” incidents would have to be reported on an 8-K form within four business days
In this article AMZN BMBL SFIX JBHT SBUX GE Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble — Shares of the online dating company surged more than 43% in midday trading. Fourth-quarter revenue was just short of expectations from Refinitiv. Still, BMO
Bitcoin (BTC) soared on March 9 as the Dow futures recovered sharply and United States Treasury Secretary Janet Yellen’s statement on President Joe Biden’s executive order regarding digital assets, which was released a day earlier by error, contained positive statements about the crypto industry. For the past few days, investors seem to have been accumulating
REITs have been on a buying spree, making $67.8 billion of net acquisitions in 2021. Several factors have contributed to these purchases, including a robust recovery in underlying property markets and solid outlook for future growth, a low cost of capital, and strong balance sheets that are in a good position to support this expansion
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets and caused a run on the relatively safer bond market. Yields fell and mortgage rates
LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that
Puerto Rico bankruptcy Judge Laura Taylor Swain directed the Oversight Board to take quick action to advance a new deal for the Puerto Rico Electric Power Authority, after the governor killed the existing deal Tuesday. In her order on Tuesday evening, Swain rejected the requests of the Ad Hoc Group of PREPA Bondholders and yet
With the House poised Wednesday to follow President Biden’s action to ban Russian energy imports, a group of Democratic governors pressed Congress to suspend the federal gas tax to ease pressure on U.S. drivers. The House is set to vote as soon as Wednesday afternoon on bipartisan legislation that would ban the import of Russian
In this week’s episode what I’d like to do is share with you the concept of Bottom Fishing. First off what is bottom fishing? Should you do it? Is it important to do it? Does it matter if you do it? when is the right time to do it? So it’s all these questions are
Kevin Matras shows how to calculate a stock’s price target and how to find stocks currently trading below them. Highlighted stocks include CAR, HA, HLX, IACI and ULTI. http://www.zacks.com/
In this video we go over the basics of the currency market – the largest market in the world which trades over $200 billion every hour globally. From the building blocks of what currency pairs are and how they trade together to what buying and selling a pair actually means we cover the things underpinning
Municipals were weaker Monday along with U.S. Treasuries while stocks sold off on the ongoing crisis in the Ukraine. Triple-A yield curves saw two to five basis point cuts while UST yields rose up to six basis points, paring back some of Friday’s gains. Municipal to UST ratios showed the five-year at to 81% (down
The cryptocurrency ecosystem as a whole has taken a back seat to events in the larger world but this is not stopping developers from building. One project that has recently begun to gain traction thanks to its focus on creating a high throughput, low-cost blockchain network is Bitgert (BRISE), a crypto engineering organization that has
Do you want to know more about trading Options with Iron Condors? Here’s a list of pros and cons when you trade using the strategy. Check this out and find out if trading Options with Iron Condors is the right strategy for you! #optionstrading #tradingoptions #ironcondor #tradingstrategies Posted at: https://tradersfly.com/blog/pros-cons-of-a-40-day-iron-condor-with-options-trading/ 💌 Newsletter & Announcements :
Are Wall Street analysts bullish heading into these two key tech earnings reports? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Damircudic | E+ | Getty Images Women receive a small fraction of venture capital funding and closing the investment gender gap could drive economic growth, according to a new report from Citigroup. Female-founded companies received only 2.1% of venture capital dollars invested in 2021 in the U.S., according to PitchBook. “Lack of access to finance
In this article DKNG BKR SLB A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares rose 34% midday on news that GameStop’s Chairman Ryan
Australian NFT trading platform Immutable announced a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi Capital, Princeville Capital and Arrington Capital as well as from existing backers King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners and others have
Even in the face of rising mortgage rates and stagnating construction numbers, the housing market is still scorching hot. Because of this, it might be hard to believe that more than 16 million homes across the country are sitting vacant. But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the
Cannabis leaves sit on plants growing in a greenhouse in the GW Pharmaceuticals Plc facility in Sittingboune, U.K. on Monday, Oct. 29, 2018. Jason Alden | Bloomberg | Getty Images A vast marijuana farm could soon be built on a small island between the U.K. and Ireland. Peel Group, a real estate firm led by
Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices. Data from Cointelegraph Markets Pro
Disgruntled fans have filed a pair of lawsuits against the National Football League seeking damages for moving the San Diego Chargers to Los Angeles. The most recent complaint, filed in San Diego Superior Court in mid-February, contains allegations similar to those in a separate lawsuit filed in January. Robert Kirkbright, a five-year season ticket holder
Budget season has kicked off in New York City as the first public comments on the nearly $100 billion spending plan were heard this week. The city is in good financial shape, analysts said, thanks in part to federal aid. The City Council on Wednesday began the first of a series of public hearings that
In this article WOOF AAPL ABNB CRM SPLK Apple CEO Tim Cook attends the premiere for season two of the television series “Ted Lasso” at Pacific Design Center in West Hollywood, California, U.S. July 15, 2021. Mario Anzuoni | Reuters The last week has been nothing but turmoil for not only the stock market, but
In this article COST MRVL SG GPS AVGO TSLA Take a look at some of the biggest movers in the premarket: Tesla (TSLA) — Shares fell 1.2% in premarket trading after CEO Elon Musk challenged the United Auto Workers union to try and organize his company’s assembly plant in Fremont, California. Sweetgreen (SG) — Sweetgreen
Bitcoin (BTC) plunged below $40,000 on March 4 and has been trading below the level throughout the weekend. Although the crypto price action has been volatile in the past few days, Glassnode data shows that institutional investors have been gradually accumulating Bitcoin through the Grayscale Bitcoin Trust (GBTC) shares since December 2021. Another positive sign