OK, another open letter to Tesla (TSLA) honcho Elon Musk. After my Real Money column of April 28, Elon decided to pull his offer for Twitter (TWTR) on July 8. I am not arrogant enough to believe it w...
Category: Finance
Live Finance News Updates.
Celsius Sale Plan Facing Objection from Texas and Vermont Regulatory
The regulators of Texas and Vermont express dissent to Celsius’s plan to sell its stablecoin holdings. According to the filing Celsius can continue alleged securities violations and a general la...
AT&T maintains quarterly dividend, with yield above 7%
AT&T Inc. T, -1.22% said Friday it was keeping its quarterly dividend at 27.75 cents a share, payable Nov. 1 to shareholders of record on Oct. 10. With the telecommunications and media companyR...
How A Seafood Waste Stream Is Being Transformed Into A Multi-Use Biopolymer
Crustaceans (Crabs, Lobster, Shrimp) are a delicious category of seafood, but their shells can yield … [+] a biopolymer with myriad potential uses getty Overall, our modern food system does a go...
‘Painfully slow capitulation’: Why investors keep getting inflation wrong
A brutal third quarter in financial markets came to a close on Friday and one thing is overwhelmingly clear: Inflation is the single most important factor driving asset valuations right now and yet fe...
Shareef And Shaqir O’Neal Talk About Basketball’s Influence On Fashion And Culture
Shaqir O’Neal and Shareef O’Neal attend the boohooMAN x Shareef & Shaqir O’Neal NYFW Dinner at Sei … [+] Less on September 10, 2022 in New York City. (Photo by Craig Barrit...
Young people shouldn’t save for retirement, new research says
Most financial planners advise young people to start saving early — and often — for retirement so they can take advantage of the so-called eighth wonder of the world – the power of compound interest. ...
Blackpink Conquers The World Songs Chart As Their New Album Arrives
SEOUL, SOUTH KOREA – JANUARY 23: Girl group BlackPink performs on stage during the 8th Gaon Chart … [+] K-Pop Awards on January 23, 2019 in Seoul, South Korea. (Photo by Chung Sung-Jun/Get...
This is the time when ‘accidents’ like Enron have happened — this JPMorgan quant says yields have peaked and prefers bonds over stocks
The old expression is when the tide goes out, you get to see who’s swimming naked. In financial markets, the tide is going out when central banks are raising interest rates and growth is slowing. That...
Hurricane Ian Could Be One Of Florida’s Deadliest Storms In Years—But Historic Storms Were Far Deadlier
Topline The death toll from Hurricane Ian reached at least 12 on Friday and is expected to climb, according to reports from local officials, making the storm one of the state’s deadliest in recent his...
European Union moves to contain fuel prices by imposing a cap
On Friday, member states of the European Union voted to implement emergency taxes on oil companies’ windfall revenues. They started discussions about their next course of action to address Europe’s en...
Credit Market Moves Toward Breaking Point as Investors Flee, Sales Flop
(Bloomberg) — Credit markets are starting to buckle under pressure from soaring yields and fund outflows, leaving strategists fearing a rupture as the economy slows. Most Read from Bloomberg Ban...
XRP Jumps 20% in a Matter of Hours Amid SEC’s Latest Setback in Ripple Lawsuit
The sixth-largest crypto asset by market cap, XRP, is rallying amid Ripple Labs scoring a win in court in a lawsuit lodged by the U.S. Securities and Exchange Commission (SEC). XRP surged approximatel...
Electric and autonomous vehicle ETF falls 15% in September
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffere...
October Weather And The Wines To Drink With Them
This weekend the calendar turns from September to October. It’s a transition that, for many readers and wine lovers, also signals a change from white or rosé wine to reds, as “October weather” with it...
Massive damage to the Nord Stream pipeline system has sparked a surge in natural gas prices — here’s why they could keep soaring
‘We can’t rule out sabotage’: Massive damage to the Nord Stream pipeline system has sparked a surge in natural gas prices — here’s why they could keep soaring Energy prices hav...
Celsius stablecoin sale plan faces objections from securities regulators
State securities regulators in Texas and Vermont are objecting to crypto lender Celsius’s plan to sell its stablecoin holdings. The Texas State Securities Board, the Texas Department of Banking ...
What It Could Take To End Hunger In America, Hurricane Ian Hits Florida Farming And Inside Marion Nestle’s ‘Slow Cooked’
Retirees swimming in their flooded South Florida living rooms. Entire houses getting sucked out to sea. Restaurants, grocers and food banks out of commission. Tomato fields and citrus orchards wrecked...
Here is why UK lenders halted mortgage deals with clients
Following the announcement of a “mini-budget” by UK’s finance Minister Kwasi Kwarteng last week, currency markets and the British pound have witnessed turmoil. This has pushed UK lenders Halifax, Skip...
‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023
Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession. “I will be...
What Nike’s earnings report tells us about 3 consumer stocks in our portfolio
A warning from Nike (NKE) in its first-quarter earnings report has given us some serious insights into a handful of consumer stocks in the portfolio. We call them “readthroughs”: valuable ...
How Asia’s richest person gave Bezos a run for his money
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
Blackpink Ties Twice For The Most Bestselling Albums In The U.S. Among Women In K-Pop
INDIO, CA – APRIL 12: (EDITORS NOTE: Retransmission with alternate crop.) (L-R) Jennie Kim, Rosé, … [+] Lisa and Jisoo of ‘BLACKPINK’ are seen at the YouTube Music Artist Loung...
Raymond James sees a 25% upside
Microsoft Corporation (NASDAQ: MSFT) is down big this year as fears of inflation and aggressive rate hikes keep investors cautious on the big cap tech. But a Raymond James analyst says now is a suitab...
Billionaire Berkshire Board Member David Gottesman Dies at 96
Text size David Sanford “Sandy” Gottesman arrives for a Berkshire Hathaway shareholders meeting in Omaha, Neb. Daniel Acker/Bloomberg David “Sandy” Gottesman, a Berkshire Hathaway board me...