Meme-stock investor Ryan Cohen’s 2022 trades in Bed Bath and Beyond’s stock are being probed by the SEC, per the WSJ. The billionaire took a $120 million position in BBBY stock in early 2022, but sold it abruptly five months later. Cohen says he liquidated the position because the stock had “unexpectedly increased to a… Continue reading Billionaire Ryan Cohen’s 2022 purchase and abrupt sale Bed Bath & Beyond shares are being investigated by the SEC, report says
NFL-backed New Era Cap raises $775 million in financing ahead of potential IPO, report says
New Era Cap raised $775 million worth of debt and could explore an IPO, Bloomberg reported. “I can see myself leading a publicly-traded company,” CEO Christopher Koch told the outlet. New Era is best known as the official licensed hatmaker for MLB and the NFL. Loading Something is loading. Thanks for signing up! Access your… Continue reading NFL-backed New Era Cap raises $775 million in financing ahead of potential IPO, report says
US stocks trade mixed as rate fears persist amid signs of tight labor market
Jason Ma Spencer Platt/Getty Images US stocks trade mixed on Thursday amid fresh signs the labor market remains tight. Weekly jobless claims unexpectedly declined, and second-quarter unit labor costs were revised up. That could put more pressure on the Federal Reserve to keep rates higher for longer. Loading Something is loading. Thanks for signing up!… Continue reading US stocks trade mixed as rate fears persist amid signs of tight labor market
(A Little) Greed Is Good When It Comes to Investing
There’s a certain appeal to being a contrarian investor. Zigging when others are zagging. Going against the herd. And when you’re proven right, it feels pretty darn good (and can pay off handsomely). One of the first adages contrarian investors learn comes from Warren Buffett. In his 1986 letter to Berkshire Hathaway shareholders, Buffett wrote… Continue reading (A Little) Greed Is Good When It Comes to Investing
Stock Market Today: Stocks Fall as Inflation Fears Ramp Up
Stocks closed lower again Wednesday as rising oil prices and good-news-is-bad-news economic data weighed on investor sentiment. Rate-sensitive tech and tech-adjacent stocks were some of the day’s biggest losers as Treasury yields rose. The main benchmarks opened in negative territory and stayed there for the entire session. At the close, the Dow Jones Industrial Average… Continue reading Stock Market Today: Stocks Fall as Inflation Fears Ramp Up
Stock Market Today: Stocks Close Lower on Downbeat Economic Data
Market participants returned from a long holiday weekend only to be greeted by downbeat economic data, rising Treasury yields and higher prices for crude oil. Economic data from overseas set the mood early in the session. China reported its slowest rate of growth in services activity in eight months, while a survey in Europe revealed… Continue reading Stock Market Today: Stocks Close Lower on Downbeat Economic Data
Stock Market Today: Stocks Close Mixed on Downbeat Economic Data
Market participants returned from a long holiday weekend only to be greeted by downbeat economic data, rising Treasury yields and higher prices for crude oil. Economic data from overseas set the mood early in the session. China reported its slowest rate of growth in services activity in eight months, while a survey in Europe revealed… Continue reading Stock Market Today: Stocks Close Mixed on Downbeat Economic Data
Three Investments That Put Your Money to Work With Less Risk
Editor’s note: This is part three of a five-part series on supplemental income streams in retirement. Part one, Could Supplemental Income Strategies Work for Your Retirement?, is an introduction to the series. Part two: A Managed Account Offers Optimization and Tax Efficiency. Part three: Annuities Provide Peace of Mind and Lifetime Income. Part five, about putting… Continue reading Three Investments That Put Your Money to Work With Less Risk
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