US stocks ended mixed on Tuesday after strong earnings from Walmart and Home Depot. US housing starts slipped, while industrial production rose, and the New York Fed’s manufacturing gauge eased. Oil slipped as positive signals from Iran nuclear talks raised the prospect of a supply boost. Loading Something is loading. US stocks closed a volatile… Continue reading US trade mixed after volatile session amid strong retail earnings and conflicting economic data
The amount stolen in crypto heists is up 60% this year to $1.9 billion, according to Chainalysis
The amount stolen in crypto heists is up 60% this year, according to a report by Chainalysis. Estimates show $1.9 billion was lost to hacks from January to July of this year, up from $1.2 billion last year. That upwards trend is also likely to continue, given the increasing severity of hacks. Loading Something is… Continue reading The amount stolen in crypto heists is up 60% this year to $1.9 billion, according to Chainalysis
S&P 500 industrial and consumer stocks face the biggest hit from a pickup in labor costs as the US sees the tightest job market since World War II, Goldman Sachs says
An acceleration in US wage growth would pressure the earnings of industrial and consumer stocks the most on the S&P 500, says Goldman Sachs. A rise of 100 basis points in wages would reduce industrials’ per-share earnings by 1.4%. Rising oil prices would help soften an earnings blow to the energy sector. Loading Something is… Continue reading S&P 500 industrial and consumer stocks face the biggest hit from a pickup in labor costs as the US sees the tightest job market since World War II, Goldman Sachs says
New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer
Pomelo launches a new type of credit card that enables families in the US to extend their credit abroad while avoiding expensive remittance fees – an industry first , /PRNewswire/ — Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the… Continue reading New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer
Oil prices drop as positive signals on Iran nuclear talks raise the prospect of a massive supply influx
Oil prices dropped Tuesday as signs of progress on the Iran nuclear talks raised hopes for a big supply boost. Brent crude fell as much as 2.8% to hit a six-month low, and US oil dropped back below $90 a barrel. Analysts have estimated Iran could add 1 million barrels a day of production within… Continue reading Oil prices drop as positive signals on Iran nuclear talks raise the prospect of a massive supply influx
A new bull market for stocks has begun. Here are the 3 technical signals that prove it.
A new bull market in stocks has likely begun, according to a Monday note from LPL Research.LPL pointed to three technical analysis signals that increased the likelihood the current uptrend in stocks is not a bear market rally.”The technical conditions of this market appear ripe for the start of a new bull market rather than… Continue reading A new bull market for stocks has begun. Here are the 3 technical signals that prove it.
US stocks close higher as tech and consumer shares help market push past China growth worries
US stocks staged a turnaround Monday to finish higher after opening in the red. Disney advanced as hedge fund Third Point took a new stake in the company. Dour China data dragged US oil prices below $90 a barrel and drove down energy shares. Loading Something is loading. US stocks advanced on Monday, with strength… Continue reading US stocks close higher as tech and consumer shares help market push past China growth worries
Russia says gray market imports could soar to $16 billion this year as Western sanctions slam official trade
Russia’s gray market imports total $6.5 billion since May, according to Deputy Prime Minister Denis Manturov. That figure could balloon to $16 billion by the end of the year as Moscow is trying to circumvent Western sanctions. Such unauthorized imports provide goods for Russia’s market without requiring an agreement from their original manufacturers. Loading Something… Continue reading Russia says gray market imports could soar to $16 billion this year as Western sanctions slam official trade
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