US stocks climbed Friday and marked the end of a long run of losing weeks. S&P 500 and the Nasdaq Composite secured their first weekly advances after seven weeks of losses. The core reading on the Fed’s preferred inflation gauge eased to 4.9% in April from 5.2% in March. Loading Something is loading. Investors in… Continue reading Nasdaq leaps 3% to lead US stock rally as the S&P 500 snaps 7-week slump on signs of cooling inflation
Cathie Wood’s ARK bought $44 million Nvidia shares after the gaming firm beat earnings
Cathie Wood’s ARK Invest bought almost 250,000 Nvidia shares for $43.7 million on Thursday. The chip designer reported strong revenues, but predicted declining sales and tough macroeconomic conditions. ARK bought Nvidia stock across three of its ETFs amidst analyst optimism on the company’s performance Loading Something is loading. Cathie Wood’s ARK Invest bought almost $44… Continue reading Cathie Wood’s ARK bought $44 million Nvidia shares after the gaming firm beat earnings
These were the 5 worst performing cryptos over the past week amid bitcoin bear market
While bitcoin and ethereum dominate the headlines, there are more than 19,000 crypto coins.With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time.These were the five worst performing cryptocurrencies over the past week, according to data from CoinMarketCap. Loading Something is loading. Bitcoin’s bear… Continue reading These were the 5 worst performing cryptos over the past week amid bitcoin bear market
A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
A further decline in Russian oil supply is likely to spark a global recession, Bank of America said Friday. The bank warned oil prices could hit $150 a barrel, and an energy crisis could ensue, if supplies fall sharply. Russia’s oil production has fallen by around 1 million barrels per day in 2022, as sanctions… Continue reading A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
Russian stocks are ‘essentially worthless’ after the Ukraine invasion based on pricing in a key derivatives market, MSCI says
Russian stocks are “essentially worthless” based on pricing in the credit default swaps market, according to MSCI.The disconnect between pricing in Moscow’s stock exchange and the derivatives market is driven by trading restrictions for foreigners.Russian stocks could find redemption if the war against Ukraine ends and sanctions by Western countries are quickly lifted, MSCI said.… Continue reading Russian stocks are ‘essentially worthless’ after the Ukraine invasion based on pricing in a key derivatives market, MSCI says
Memorial Day Will be Different This Year
Memorial Day brings with it the unofficial start of summer: vacations, barbecues, and driving. With Americans more or less indifferent to any more variations of the coronavirus and chomping at the bit for a return to “normal,” plenty of folks are poised to hit the roads for the holiday. But there’s a huge damper hanging… Continue reading Memorial Day Will be Different This Year
Every Dinosaur in The Jurassic Park and Jurassic World Movies
With the new “Jurassic World Dominion” movie opening June 10, it’s time to brush up on your dinosaurs. Here’s what you need to know. (Don’t worry, no spoilers.) With the new “Jurassic World Dominion” movie opening June 10, it’s time to brush up on your dinosaurs. Here’s what you need to know. (Don’t worry, no… Continue reading Every Dinosaur in The Jurassic Park and Jurassic World Movies
Last-Minute Travel Deals for Memorial Day
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. It’s no secret that the travel industry was hit hard by the pandemic. 2020 was the worst year in tourism history with one billion fewer international arrivals according to the… Continue reading Last-Minute Travel Deals for Memorial Day
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