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Why is Beyond Meat (BYND) Surging Today?
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Bonds remain in the mix as Illinois grapples with unemployment fund debt
Illinois in on track to put $2.7 billion of its American Rescue Plan Act relief toward paying down a $4.5 billion federal loan needed to cover the COVID-19-induced spike in unemployment claims. Bonds, unemployment insurance premiums and benefit cuts are the subjects of negotiations with business and labor about how to cover the balance. Senate…
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Munis hit hard on short end, damage felt along curve
Municipals were hit hard Thursday with up to nine basis point cuts on the short end, but the damage was felt across the curve. U.S. Treasury yields rose while equities rallied in another see-saw day for markets. Trading was weaker out of the gates, with large blocks of high-grades changing hands at higher yields. Long…
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Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch
Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities…
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BlackRock’s Fink says Russia-Ukraine war could accelerate use of cryptocurrencies
In this article BLK Larry Fink David Orrell | CNBC Russia’s invasion of Ukraine could accelerate the adoption of digital currencies by central banks, according to BlackRock’s Larry Fink. The CEO of the $10 trillion-asset money manager called it one of the “less discussed” outcomes of the war, which began one month ago, in his…
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Gasoline prices are hitting $6 in some parts of the country and summer driving season isn’t here yet
Gas prices hit over $6 dollars per gallon at a petrol station in Los Angeles, California on February 23, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices have been fluctuating but are likely to keep moving sporadically higher, and more drivers could pay over $5 and even $6 a gallon for unleaded…
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Fix My Flip’s Francesca Grace On Interior Design And HGTV
It would be inaccurate to call young interior designer and entrepreneur Francesca Grace “up and coming” after her television debut in March 2022 on HGTV’s Fix My Flip. She has officially arrived. You may not have heard her name yet, but reality television fans will recognize Grace’s work from Bravo’s Real Housewives of Beverly Hills.…
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‘Red flags’ as some China property developers say they can’t release earnings on time
A view of the Evergrande Changqing community on Sept. 24, 2021, in Wuhan, Hubei Province, China. Getty Images | Getty Images News | Getty Images A slew of Chinese real estate developers said this week that they are either not able to release their financial results on time or have yet to set board meetings…
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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security…
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Trading Options: Bull Call Spread (Vertical Spread Strategy)
This is how to trade options, more specifically, the vertical spread. The vertical spreads are fantastic option spreads to trade when you’re looking to trade out larger dollar stocks because it allows you to use less capital for trading those bigger stock. First I want to show you the diagram behind what it looks like…
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4 ETFs to Invest in Shining Semiconductor Stocks
We highlight four ETFs that are benefitting from the surge in demand for chips.
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Richard Davey to become president, COO of New York City Transit
Former Massachusetts Secretary of Transportation Richard Davey has been chosen to be the next president of New York City Transit. New York Metropolitan Transportation Authority CEO Janno Lieber announced Wednesday that Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway. Public service and more importantly public transportation is…
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Preston Hollow, Nuveen ready arguments over defamation accusations
Lawyers for Preston Hollow Capital LLC and Nuveen Investments will square off Thursday over summary judgment requests and what expert testimony should be heard when PHC’s defamation allegations potentially go to trial this summer. Dallas-based PHC’s legal pursuit of the Chicago-based investment powerhouse forges on two years after a Delaware Chancery Court judge concluded the…
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Carl Icahn describes how his style is different from that of fellow investing icon Warren Buffett
In this article OXY Wall Street legends Carl Icahn and Warren Buffett have taken different approaches to shares of Occidental Petroleum in recent weeks. Icahn had been selling to exit his long equity position. Buffett’s conglomerate, Berkshire Hathaway, has been building a position worth billions. In an interview Tuesday on CNBC’s “Closing Bell: Overtime,” Icahn…
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Stocks making the biggest moves after hours: KB Home, Spotify and more
New Home Construction by KB Home in California Bloomberg | Getty Images Check out the stocks making headlines in extended trading on Wednesday. KB Home — Shares for the homebuilding company slipped 4.3% after reporting an earnings miss. KB Home reported $1.47 earnings per share, missing the $1.56 consensus estimate by 9 cents. The company…
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Price analysis 3/23: BTC, ETH, BNB, XRP, LUNA, ADA, SOL, AVAX, DOT, DOGE
Bitcoin (BTC) and select altcoins broke above their immediate resistance levels but are struggling to sustain the higher levels, indicating that bears are not ready to give up. It is speculated that the spike in Bitcoin’s price on March 22 may have been caused by reports that Terra had sent 125 million USDT to Binance…
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Biden Administration To Probe Racial Bias In Home Appraisals
The Biden administration has established a task force to tackle the decades-old problem of home appraisals undervaluing properties in Black communities. The property appraisal and valuation equity action plan (PAVE) is aimed squarely at dismantling racial bias in the home lending and appraisal process and promoting generational wealth creation through homeownership. When enacted, PAVE represents…
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Mortgage refinance demand plunges 14%, as interest rates spike higher
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with the previous week, according to the Mortgage…
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What does it mean to go short on a stock?
Long position With a long position, you buy a stock at a certain price and sell it at a higher price as the stock appreciates in value. The profit that you make is the difference between your buy price and the price that you sell it at. Short position With the short position what happens…
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Why You Should Buy Cybersecurity ETFs
Rising risks of security breaches would boost spending on cybersecurity. zacks.com zacks.com/ultimate
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