Homepage and app announcement of “Truth Social.” Christoph Dernbach | picture alliance | Getty Images Patrick Orlando, the CEO of the shell company set to take Trump Media and Technology G...
Category: Finance
Live Finance News Updates.
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...
Inflation accelerated even more than expected in August
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumptio...
Roger Taylor Of Queen On New ‘Outsider Tour Live’ Album, Taylor Hawkins Tributes
Queen drummer Roger Taylor steps out as frontman during the ‘Outsider’ tour. October 15, 2021 at … [+] Rock City in Nottingham, England Photo by Colin Macleod The lock down of early ...
Healthcare And Biotech Outperform As Recession Fears Heat Up
Stocks fell sharply in September to this bear market’s new lows. Getty Images September lived up to its billing as a lackluster month for the stock market, as the S&P 500 lost another 9.1% t...
Fed Rate Hikes Are Pushing Credit Market Toward Dysfunction, Bank of America Says
(Bloomberg) — The Federal Reserve needs to slow the pace of rate hikes to prevent credit market dysfunction, warned Bank of America Corp. strategists. Most Read from Bloomberg Distress, dispersi...
Still oversold, picking at chip stocks, Club names in the news
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Market still oversold When ...
Country Artist Craig Morgan On His New Memoir ‘God, Family, Country’
Country artist Craig Morgan Credit: Nate Griffin Craig Morgan is a gifted singer/songwriter, dedicated family man, proud army veteran, and a man of strong faith. The country artist known for songs lik...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through th...
Sam Bankman-Fried and Elon Musk offered a “joint effort” to get Twitter –
When Elon Musk proposed to purchase Twitter for $44 billion, various tech personalities made attempts to carry over the deal. One of them was Sam Bankman-Fried, FTX CEO, recently-issued text messages...
The Best New Movies And Shows On Netflix Today: September 30, 2022
NEW YORK, NEW YORK – DECEMBER 05: Kid Cudi attends the “Don’t Look Up” World Premiere at Jazz at … [+] Lincoln Center on December 05, 2021 in New York City. (Photo by Dim...
El-Erian Warns ‘Economic Accident’ Would Precede Any Central Bank Pivot
(Bloomberg) — Mohamed El-Erian has a cautionary word for anyone anticipating an end to interest-rate increases from the Federal Reserve and other central banks. Most Read from Bloomberg “All of ...