Rallies within the current bear market are a good time to reallocate holdings — and staying in cash isn’t a bad idea, says one strategist. “We’re recommending to take advantage of these times when the...
Category: Finance
Live Finance News Updates.
Shares of Lordstown (RIDE) rise as company begins deliveries
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Electric truck star...
LIV Golf CEO Greg Norman Has ‘Got To Leave’
Topline The world’s most influential golfer Tiger Woods called for the removal of LIV Golf’s brash CEO Greg Norman on Tuesday, as PGA Tour loyalists increasingly pin the blame on Norman for the ongoin...
Genesis creditors organize in bid to forestall bankruptcy move: Bloomberg
Crypto firm Genesis Global Capital warned last week about a possible bankruptcy filing, and now some of its creditors are pursuing options in order to prevent such a move. Law firms Proskauer Ro...
Amazon used AWS in satellite experiment
An image captured by the ION Elysian Eleonara satellite in January 2022. D-Orbit Amazon’s cloud computing division successfully ran a software suite on a satellite in orbit, in a “first-of...
Meghan Markle Faced ‘Disgusting And Very Real’ Threats From The Far Right, Former Counterterrorism Official Says
Topline Meghan Markle faced multiple threats to her life from the far right after marrying into the British royal family, one of the U.K.’s former top counterterrorism officials said, saying that anyo...
Bitso cuts more staff in fresh round of layoffs
Mexico-based crypto exchange Bitso has let go of an unspecified number of workers in a fresh round of layoffs, about six months after cutting about 80 employees. “Bitso made the difficult ...
FTX founder manipulated ESG to earn ‘virtue signaling glow’: Palantir co-founder
FTX Founder Sam Bankman-Fried manipulated ESG and woke culture to help his now-bankrupt crypto firm avoid scrutiny from regulators and gain credibility with investors, a venture capitalist told Fox Ne...
Kenny Pickett Is Starting To Show He’s A Franchise Quarterback
Kenny Pickett is starting to prove he is the franchise quarterback of the Pittsburgh Steelers. … [+] (Photo by Justin Casterline/Getty Images) Getty Images It may have taken some time, but Pitts...
Texas regulator wants Bankman-Fried testimony in securities case
Former FTX CEO Sam Bankman-Fried has a hearing date in Texas. The Texas State Securities Board wants Bankman-Fried to testify on Feb. 2 in response to an enforcement action issued today alleging...
StockStock Market Weakens At Midday As It Awaits Powell Speech; This IBD Index Outperforms
The stock market weakened at midday Tuesday, sending the main indexes near the day’s lows. An apparent easing of Covid restrictions in China could not offset the stock market’s apprehensio...
China touts vaccination progress as it looks for a path to reopening
BEIJING — Mainland China announced significant progress Tuesday in getting Covid-19 booster shots for people “over age 80.” As of Monday, 65.8% of that age category had received booster sh...
CrowdStrike stock tanked 20% in extended trading: what happened?
CrowdStrike Holdings Inc (NASDAQ: CRWD) tanked 20% in extended trading on Tuesday even though the cybersecurity company reported market-beating results for its financial third quarter. Why is CrowdStr...
The Impact Of Cryptocurrency Meltdown On The Sales Of Premium Cars
The recent crypto crash pulled down the major crypto players. Currently, investors are running empty wallets. The latest FTX downfall hit all industries beyond the crypto sector. For two weeks, Miami ...
Energy markets facing ‘one or two years of extreme volatility’: CEO
This image, from March 2022, shows wind turbines and gas storage facilities in Germany. Europe’s energy markets have experienced turbulence in recent months. Jan Woitas | Picture Alliance | Gett...
Leonsis Watches Values Of Wizards And Capitals Soar In Sale Of Minority Stake To Fellow Billionaire
Ted Leonsis, owner of the Washington Wizards and Washington Capitals, watches as the values of his teams rise. (Photo by Rob Carr/Getty Images) Getty Images Ted Leonsis, the billionaire owner of the N...
FTSE Russell to introduce 8 new digital asset indexes
Data and analytics firm FTSE Russell, which is owned by the London Stock Exchange Group, is rolling out a market cap index series covering the investable digital asset market. It includes eight ...
Josh Brown says this key indicator suggests it’s time to sell now
A key market indicator suggests that investors should “sell” here as things could get worse in the coming days, says Josh Brown – the CEO of Ritholtz Wealth Management. Here’s what the history tells u...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks and bonds and other assets worth trillions of dollars in 2022. “The $22 tr...
Can Israel Provide A Better Cryptocurrency Market For Users
In the wake of FTX’s bankruptcy, the crypto nations are trying to make new laws to regulate cryptocurrency. Recently Isreal lawmakers have been preparing a draft to bring changes to digital assets. Th...
Workday, CrowdStrike, Horizon and more
CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq Check out the companies making headlines in after-hours trading. Workday — Workday gained 6% postmarket Tuesday after earnings beat...
Karlsson, Morrissey Among NHL’s 2023 Norris Contenders
At 32, Erik Karlsson of the San Jose Sharks leads all defensemen in scoring. (Photo by Kavin … [+] Mistry/NHLI via Getty Images) NHLI via Getty Images When Cale Makar won the Conn Smythe Trophy ...
Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
Lordstown Motors has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. Lordstown Motors, which has experienced i...
DCENTRAL Is Bringing its Legendary Web3 Conferences to Asia, Starting in Vietnam
Miami, Florida, 29th November, 2022, Chainwire DCENTRAL has earned a reputation for hosting can’t-miss, community-focused Web3 industry conferences like DECENTRAL Miami and DCENTRAL Austin. Building o...
Black Friday Bigger Than Expected, Retail Group Reports
Glendale, CA – November 25: Black Friday shoppers at the Glendale Galleria, Nov. 25, 2022, in … [+] Glendale, CA. (Francine Orr / Los Angeles Times via Getty Images) Los Angeles Times via ...
Should You Pause 401(k) Contributions in a Bear Market? Morningstar Compares Alternatives
piggy-bank-on-lifebuoy-3d-render-SmartAsset Morningstar recently compared the numbers on different scenarios for investors who may be thinking of pausing their 401(k) contributions. The result was not...
World’s first national token launching on Tron chain
Commonwealth of Dominica has announced that it has partnered with Huobi to roll out two digital services on the Tron blockchain. According to the announcement, both entities will be working towards cr...
BlockFi files for bankruptcy in the wake of FTX collapse
BlockFi is the latest victim of the FTX collapse. After Celsius and Voyager, BlockFi is the latest lender to shut shop this year. Crypto winter and big collapses are crippling investor and retailer co...
Buy Taiwan Semi Stock Into a Weak Chip Market, Says J.P. Morgan
J.P. Morgan says investors should overlook any near-term softness in the chip business and buy Taiwan Semiconductor Manufacturing Company shares for the company’s robust future prospects. On Tuesday, ...