Month: April 2022
Stocks are off to their worst start to a year since 1942…but a comeback could be due
A review of similar years across history from Bank of America suggests markets could recover their losses. Source
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Russia releases U.S. Marine veteran Trevor Reed as part of prisoner exchange
Former U.S. Marine Trevor Reed, who was detained in 2019 and accused of assaulting police officers, stands inside a defendants’ cage during a court hearing in Moscow, Russia March 11, 2020. Tatyana Makeyeva | Reuters WASHINGTON — Russia agreed to release former U.S. Marine Trevor Reed in a prisoner exchange with the United States on […]
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Wealthy investors aren’t convinced big stock market losses mean it’s a buy-the-dip moment
It’s been a tough year to be an investor, and the wealthy are no exception. Losses in both stock and bond markets this year have made portfolio conversations between Wall Street investment advisors and clients more challenging. The most conservative portfolios have done as poorly if not worse than the riskiest portfolios, with bonds offering […]
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Spotify falls 11% on first quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid what’s been a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs an estimated loss of 24 […]
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Gibraltar became a hub for crypto — now it wants to tackle attempts to manipulate the market
The overseas British territory wants to become a global hub for crypto firms. Geography Photos | Universal Images Group | Getty Images Gibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space. The overseas British territory, located on the southern tip of Spain, […]
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Apple now lets you buy parts so you can fix your iPhone yourself
Apple opened its “Self Service Repair” online store on Wednesday as the right to repair movement has put pressure on U.S. regulators to give consumers more control over their products. The new program, first announced in November, will offer customers more than 200 parts and tools customers can use to repair the iPhone 12, iPhone […]
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Stocks making the biggest moves premarket: Microsoft, Boeing, Alphabet, Robinhood and more
A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton Factory in Renton, Washington on November 10, 2020. Jason Redmond | AFP | Getty Images Check out the companies making headlines in early morning trading. Enphase Energy — Shares of the solar microinverter maker jumped more than 8% during […]
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Archegos owner Bill Hwang, former CFO Patrick Halligan charged with fraud
Archegos Capital Management owner Bill Hwang and its former chief financial officer, Patrick Halligan, were arrested Wednesday in connection with the implosion of the family office last year. The men are expected to appear in Manhattan federal court later Wednesday, and are being charged with racketeering conspiracy, securities fraud and wire fraud, according to a […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% […]
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Boeing misses estimates as it grapples with delays on commercial, defense programs
A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomberg | Getty Images Boeing reported a wider adjusted loss and lower revenue than analysts expected as the company faced higher costs on both commercial […]
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