Stock Market Today Lowest jobless claims number since 1968 gives the major indexes just enough oomph to avoid a third straight session in the red.Wall Street seemed to be en route to another day of losses, but a strong jobless-claims report helped stocks gain some momentum ahead of the week’s final session. The Labor Department… Continue reading Stock Market Today: Stocks Scratch Out Meager Gains | Kiplinger
Here’s Why Warren Buffett Bought HPQ Stock | Kiplinger
Warren Buffett Berkshire Hathaway’s 11.4% HP stake is a stereotypically yawn-worthy position … and thus a classic Buffett value betWarren Buffett dipped into Berkshire Hathaway’s (BRK.B, $344.71) massive cash pile for the third time in the past month, initiating a commanding position in HP (HPQ, $34.91). And while some of the stocks Berkshire has been… Continue reading Here’s Why Warren Buffett Bought HPQ Stock | Kiplinger
Syzygy Integration Releases iTAK in the App Store, a Cutting-Edge Situational Awareness App
, /PRNewswire/ — Syzygy Integration, a company focused on providing next-generation situational awareness to those that protect the homeland, announced today that it was the sole developer of iTAK (iOS Team Awareness Kit / Tactical Assault Kit) that the Department of Homeland Security (DHS) released to the Apple App Store for public use. iTAK helps to… Continue reading Syzygy Integration Releases iTAK in the App Store, a Cutting-Edge Situational Awareness App
US stocks end higher to break losing streak spurred by fears of a hawkish Fed
Wall Street’s main stock benchmarks closed higher Thursday after two days of declines. St. Louis Fed President James Bullard said the central bank is “behind the curve” on fighting inflation. Stocks appeared to take in stride Bullard’s view that the Fed needs to raise rates by 3 percentage points this year. Loading Something is loading.… Continue reading US stocks end higher to break losing streak spurred by fears of a hawkish Fed
Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds ‘a terrible investment’
Bitcoin and bitcoin equities make up 60% of billionaire Ricard Salinas Pliego’s liquid portfolio, he told conferencegoers in Miami on Thursday. Mexico’s third-wealthiest person at the Bitcoin 2022 conference called bonds a “terrible investment”. Salinas Pliego runs Mexican broadcaster TV Azteca and retailer Grupo Elektra. Bitcoin is a good place to be investment-wise, according to… Continue reading Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds ‘a terrible investment’
Treasury Secretary Janet Yellen says a central bank digital currency must support the US dollar’s global dominance
Any US central bank digital currency must support the dominance of the dollar, Treasury Secretary Janet Yellen said Thursday. A CBDC “could become a form of trusted money comparable to physical cash” and offer some of the benefits of digital assets, Yellen said. But issuing a digital dollar would take years of development, not months,… Continue reading Treasury Secretary Janet Yellen says a central bank digital currency must support the US dollar’s global dominance
Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 ‘hastens the decline’ of the company’s retail pharmacy business
Rite Aid shares dropped as much as 25% on Thursday following a ratings and price-target downgrade at Deutsche Bank. The retail pharmacy chain may miss its 2023 indication to bring in $430 million in annual adjusted EBITDA. “Unfortunately, we believe Covid has hastened the decline of the retail pharmacy segment,” the investment bank said. Loading… Continue reading Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 ‘hastens the decline’ of the company’s retail pharmacy business
Here’s Where Americans Are Spending Their Money
Americans have found themselves spending the majority of their money on a narrow slice of items, as the economy continues to attempt a rebound from the pandemic. The price of many items have risen exponentially due to a higher cost from labor expenses and supply chain hurdles. Higher inflation rates have increased in various sectors,… Continue reading Here’s Where Americans Are Spending Their Money
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