Month: May 2022
What this week’s Terra stablecoin fiasco means for crypto and what investors can learn from it
But UST’s move isn’t the first depegging in stablecoins and it probably won’t be the last. Here’s what you need to know about this week’s Terra fiasco. Source
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‘I made $245,000 in a month’: This 29-year-old got rejected from 15 medical schools—now he runs a $1.5 million business
In 2014, I was fresh out of college and thought I had my life all planned out: Go to medical school, get a six-figure job as a doctor, and make my parents proud. None of that worked out. I realized I hated blood and needles, and got rejected from more than 15 medical schools. My […]
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Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community. The material, known as paper-filed information returns in accounting parlance, is sent yearly by employers and financial institutions, and covers taxable activity, such […]
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Franklin Templeton CEO Jenny Johnson says active management pays off during extreme volatility
(Click here to subscribe to the Delivering Alpha newsletter.) With $1.5 trillion in assets, Franklin Templeton is among America’s top 10 asset managers, and growing. Over the last few years, the firm has acquired asset manager Legg Mason, custom index provider O’Shaughnessy Asset Management, and secondary private equity investor Lexington Partners, among others. President and CEO Jenny […]
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Growth stock valuations ‘have further to fall,’ says Citigroup strategist
Analysts as a group expect that it is “more likely” that real yields will continue to rise, which would hurt growth stocks. Source
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Twitter’s market cap has dropped to $9 billion below Musk’s purchase price as concerns about deal emerge
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that […]
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Wolfe downgrades credit card stocks to underweight, as research firm feels a ‘recession is likely’
Investors should sell shares of credit card issuers given that a “recession is likely,” according to Wolfe Research. Analyst Bill Carcache downgraded credit card issuers as a group to underweight from market weight, saying in a Thursday note that the stocks will increasingly come under pressure with higher recession risks. “While we remain cautious on […]
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Piper Sandler downgrades Zoom Video, says there’s limited upside even after 85% decline
“The ‘if you haven’t used Zoom already by now’ mantra is more realistic and an overhang to the stock,” analysts said. Source
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Cramer says Disney is a buy, rips Wall Street sellers for misreading guidance
The Club thinks Disney is a buy, as shares trade in the red following its second-quarter earnings release the prior evening. Source
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Twitter freezing hiring and cutting costs as execs depart
A person in a mask approaches the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Twitter is pausing most hiring this […]
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