Not every sector of the market is a longer-term buy even with stocks continuing to be on autopilot, warn strategists at Goldman Sachs. Some of the worst stocks to own in a U.S. economy trying to claw back from the COVID-19 pandemic are those with high exposure to tight labor […]
Finance News
Saule Omarova, President Joe Biden’s , sketched out the possibility of “scary” scenarios emerging in cryptocurrency, but faced a mix of skepticism and agreement from senators on her views. During her appearance before the Senate Banking Committee on Thursday, Omarova — who is being vetted to be the next Comptroller […]
Amazon (AMZN) CEO Jeff Bezos is no longer the richest person in the U.S. That honor now goes to Elon Musk. Musk, the CEO of both SpaceX and Tesla (TSLA), holds a net worth of a whopping $299 billion. Formerly a resident of California, Musk relocated to Texas this year, […]
Additional than 300 lawsuits totaling a staggering $3 billion have been submitted around the Astroworld catastrophe on November 5 that eventually claimed the lives of 10 people today. Most a short while ago, Live Nation (LYV) and Apple (AAPL), along with rapper and headliner Travis Scott, were sued for $2 […]
Stock futures pointed to a higher open up Thursday early morning after dropping a day before, as traders gave again some gains as jitters more than inflation remained and overshadowed the most current batch of good corporate earnings results. Contracts on the S&P 500 gained for the duration of early […]
We had some serious economic news this month, when October’s inflation rate came in at 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} annualized. It was the sixth consecutive month +5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} year-over-year inflation gains – and the highest inflation rate seen in the US since 1990. Billionaire Ray Dalio, founder of Bridgewater Associates, reminds investors that the […]