Month: May 2022
India’s largest-ever IPO will test foreign investor appetite
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market, […]
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Your kids can learn life lessons from investing and trading in stocks — here’s how
Trading stocks has become much easier for young traders in the last few years – thanks to fintech apps like Robinhood and Greenlight. Robinhood, for example, drew unprecedented levels of young, first-time traders to the stock market during the pandemic. The rise of such trading platforms that allow kids to buy stocks can be viewed […]
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White House to host union organizers representing Amazon, Starbucks workers
U.S. Vice President Kamala Harris will host a White House meeting with organizers from unions seeking to represent workers at Amazon.com, Starbucks and other employers. Kent Nishimura | Los Angeles Times | Getty Images U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers […]
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Fund manager believes FAANG is dead — says now it’s all about MANTA
Mark Hawtin reveals the stocks he thinks should replace some FAANG tech heavyweights — and explains why. Source
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Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. “We are going to get an oversold bounce. Sentiment […]
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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Cramer’s lightning round: I’ve ‘pulled in my horns’ on Lucid
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Democrats’ plan for a federal law to protect abortion rights faces huge hurdles in Congress
U.S. Senator Majority Leader Chuck Schumer (D-NY) addresses media after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, D.C., U.S., May 3, 2022. Michael Mccoy | Reuters WASHINGTON — […]
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Water is so low in the Colorado River, feds are holding some back so one dam can keep generating power
Water levels are at a historic low at Lake Powell on April 5, 2022 in Page, Arizona. Rj Sangosti| Medianews Group | The Denver Post via Getty Images The federal government on Tuesday announced it will delay the release of water from one of the Colorado River’s major reservoirs, an unprecedented action that will temporarily address […]
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Stock futures inch higher ahead of Fed’s big rate decision
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.17% higher, and Nasdaq 100 futures rose […]
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