Month: April 2022
5-year Treasury yield hits 3% following Powell’s comments on rate hikes
The 5-year U.S. Treasury yield topped 3% on Friday, after Federal Reserve Chairman Jerome Powell’s suggestion that a 50-basis-point rate hike could be in the cards in May. The yield on the 5-year Treasury note was last down 4 basis points at 2.937%. Earlier in the day it climbed as high as 3.05% and was […]
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Florida Gov. DeSantis signs bill revoking Disney’s special district status
View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. Getty Images Florida Gov. Ron DeSantis on Friday signed into law a bill revoking the Walt Disney Company’s special district status in the state, just days after the legislation […]
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Morgan Stanley theorizes how Elon Musk’s tunnel company will one day work together with Tesla
“The ‘Muskonomy’ is starting to bloom,” analysts wrote. Source
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Another rough market puts two of our newest stocks on sale. So we’re buying more
We’re dipping into our large, low double-digit percent cash position to make these two buys into Friday’s broader stock market selloff. Source
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74% of people do not think they will ever achieve high net worth status, survey finds
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth, […]
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Wharton’s Siegel says Fed should hike rates by 75 basis points: ‘Take your medicine all at once’
“We really need to slow down this super hot economy and get a handle on this inflation,” Jeremy Siegel told CNBC on Friday. “I think the market wants it.” Source
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Stocks making the biggest moves midday: HCA Healthcare, Kimberly-Clark, Gap and more
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit of $2.73 per share, versus […]
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Cuts to unemployment benefits didn’t spur jobs, says report
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages, […]
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Why the U.S. is going after yachts and mansions of Russian billionaire oligarchs
From chasing down yachts to seizing Italian villas, the global effort to punish Russian oligarchs for their financial ties to Vladimir Putin’s invasion of Ukraine has been unprecedented. For its part, the U.S. has arranged its own special task force — known as Task Force “KleptoCapture” — within the Department of Justice to seize the […]
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Carlos Ghosn says he would face fair trial in France, suggests timing of arrest warrant ‘suspicious’
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive. […]
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