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FHN launches banking push into Midwest, extends Southwest reach
FHN Financial Capital Markets will establish its first Midwest banking presence in Chicago, led by Melanie Shaker, and put banking boots on the ground in Scottsdale, Arizona, with the hiring of Rene Moreno. Shaker will join the firm’s existing Chicago office that houses sales professionals on May 24, and Moreno started Monday in what marks…
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UK unemployment falls to lowest level in nearly 50 years
UK unemployment fell to its lowest level in nearly half a century in the first quarter of 2022, with almost a million people switching jobs as the number of vacancies rose to a new high of 1.3mn. The Office for National Statistics said the jobless rate stood at 3.7 per cent in the three months…
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MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization. In…
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Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want. The investment bank told managing directors and partners last…
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Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more
In this article TTWO TME UAL A United Airlines passenger plane is loaded at the capital’s BER airport before its first flight from BER to New York’s Newark Airport. On flights to the U.S. East Coast, Berliners and Brandenburgers no longer necessarily have to change planes. From Monday, United Airlines will connect Schönefeld directly with…
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Why House Prices Skyrocket And Why The New Biden Housing Plan Won’t Work
The Biden Administration just announced its Housing Supply Action Plan with 19 immediate steps. Their top priority is to reform local zoning. On the upside, the Plan focuses on new funding for new construction instead of new funding for buying existing houses which just increases house prices and makes housing less affordable. On the downside,…
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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM. “That caused so many people to go upside…
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Portugal to Tax Cryptocurrency Income According to Minister of Finance
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains following the principles of “justice” and “efficiency,” and…
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Ep 95: Does Technical Analysis Work When Trading Stocks & Why?
In this week’s episode, I ask the question of does technical analysis actually works? And why does it work? For some of you who are a little more skeptical about technical analysis or are just getting into technical analysis, I want to share with you the concept of technical analysis. Also, I want to share…
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Why is Protagonist Therapeutics (PTGX) Soaring 90% Today?
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Munis sit on sidelines ahead of large GO deals
Municipals were little changed and U.S. Treasuries were mixed in what amounted to a relatively quiet day for fixed-income markets, while equities were mixed to end the day. Municipals took more of a wait-and-see approach ahead of a calendar filled with general obligation bonds from credits across the spectrum. Municipal to UST ratios were still…
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New York City gets an outlook boost as it heads into bond market
New York City got some good news just as it prepares to come to market with more than $1 billion of general obligation bonds next week. Fitch Ratings revised the outlook on the city’s AA-minus rated GOs to positive from stable citing improved revenue performance as the city sees a recovery from the COVID-19 pandemic.…
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China’s economic activity plummets as Covid lockdowns hit growth
China’s economic activity contracted sharply in April as a wave of lockdowns across the country posed the most significant challenge to its growth prospects since Covid-19 emerged over two years ago. Retail sales, the country’s main gauge of consumer activity which had already entered contraction in March, slumped 11.1 per cent year on year, compared…
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Major validator calls for ‘completely new chain’ to replace Terra
As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently. Jiyun Kim, CEO of blockchain solutions company DSRV, wrote an opinion post on his own behalf, detailing…
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Top Wall Street analysts say these stocks are extremely undervalued
In this article ZI COST CI COUR GDOT Megan Leonhardt | CNBC Friday’s rally gave investors a bit of respite from the latest bout of stock market tumult, but more volatility is likely ahead. It doesn’t help that inflation continues to bite, and the Federal Reserve’s move to raise rates has created further uncertainty. Wall…
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Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more
In this article TWTR AFRM HOOD TOST MSTR Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was “temporarily” on hold, as he awaits details on the number of fake and spam accounts on the…
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Manor House Boasts An Idyllic Setting Among The Vineyards In The South Of France
Albi, set on the Tarn River in the south of France, has many claims to fame. The Episcopal city boasts the Cathedral Basilica of Saint Cecilia with its fortress-like brick exterior and lavish interiors. The consistent French Gothic architecture earned the cathedral, built over 200 years from the 13th and 15th centuries, a UNESCO World…
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Every home in America now has a wildfire threat score, and some areas see a 200% jump in risk
Laguna Niguel, California May 11, 2022- Firefighters battle a brush fire at Coronado Pointe in Laguna Niguel Wednesday. Wally Skalij | Los Angeles Times | Getty Images Raging New Mexico and California wildfires may offer an ominous outlook for a growing swath of America, and not just in the West. Wildfire risk is increasing, likely…
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6 Tips to Reading Stock Market Charts Better
There’s a lot of things you can do when it comes to reading stock charts. You can play with a lot of different tools and make your charts look great, to be more efficient and make better trading decisions. So today, I’m going to share with you 6 tips to reading and understanding stock charts…
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Can Drones Save Ambarella?
Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss the future of chip maker Ambarella, Inc. (AMBA). Shares have plunged 35% from its all time highs earlier this summer on fears that the company may be a one-trick pony with GoPro (GPRO) as its most prominent customer. A rare earnings miss and…
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