Category: Finances
-
Troubled lender NYCB seeks to reassure investors after 60% stock slide, Moody’s credit downgrade
[ad_1] New York Community Bancorp (NYCB) is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk. The $116 billion commercial real estate lender put out a press release just before midnight ET on…
-
One of Wall Street’s most bullish strategists says a stock market correction is imminent
[ad_1] Fundstrat’s Tom Lee says investors should brace for a correction.Cindy Ord/Getty Images A stock market correction appears imminent after the S&P 500 rallied 21% over a period of 14 weeks, according to Fundstrat’s Tom Lee. Lee still maintains a bullish view on stocks for 2024, but said history suggests the market is about to…
-
Fired ‘Mandalorian’ actor sues Disney with funding from Elon Musk
[ad_1] By Lisa Richwine LOS ANGELES (Reuters) – Actor Gina Carano sued Walt Disney for wrongful termination from Star Wars series “The Mandalorian” in a lawsuit filed on Tuesday and backed by billionaire Elon Musk. Carano argued in the suit that she was fired in 2021 for voicing conservative opinions on social media platforms including…
-
Robert Kiyosaki, ‘Rich Dad Poor Dad’ Author, Says, ‘I Am a Billionaire in Debt’ — And Calls Dave Ramsey An Idiot For Encouraging People To Live Debt-Free
[ad_1] Robert Kiyosaki, the author renowned for his best-selling book “Rich Dad Poor Dad,” has again captured the public’s attention with his unconventional financial strategies, this time revealing a staggering $1.2 billion in debt. The revelation follows a statement he made in September 2022 via a YouTube short, where he disclosed being $1 billion in…
-
Eli Lilly Posts Earnings Beat. The Stock Is Rising.
[ad_1] Excitement over the sales potential of Lilly’s new obesity medicine has sent shares soaring this year. [ad_2] Source link
-
AI Stock Palantir Rebuts Bears With Strong 2024 Guidance
[ad_1] Palantir Technologies reported fourth-quarter earnings that met estimates while revenue topped Wall Street targets. PLTR stock jumped as full-year 2024 revenue guidance came in above views amid strong growth expected in the commercial market. For the quarter ended Dec. 31, Palantir earnings using generally accepted accounting principles, or GAAP, were 8 cents a share,…
-
SoftBank-Backed Medical Genetics Company Invitae Prepares for Bankruptcy
[ad_1] SoftBank-Backed Medical Genetics Company Invitae Prepares for Bankruptcy Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. San Francisco-based firm is working with Kirkland & Ellis and FTI Consulting to seek…
-
Biden’s chances of re-election are better than they appear
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. AMERICANS HAVE not been impressed by President Joe Biden’s handling of the economy. In fact, according to polling averages, nearly 60% disapprove of it. Meanwhile, Donald Trump’s ratings on economic matters are considerably better. The…
-
Bitcoin ETFs are off to a bad start. Will things improve?
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. The path to approval for the first bitcoin exchange-traded funds (etfs) was long and arduous. Applications appeared before regulators in 2013, when the price of a bitcoin was just shy of $100 and nobody…
-
China’s leaders are flailing as markets drop
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. In recent weeks, China’s economic policymaking has been not just inadequate but a little skittish. On January 23rd draft rules on video games disappeared from the regulator’s website a month after their appearance, as…