Month: June 2022
Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll
Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Major cryptocurrency hedge fund Three Arrows […]
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Congested Port of Oakland slashing free wait time for import containers
In an aerial view, shipping containers sit on the dock at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images The Port of Oakland has had enough of the long-dwelling import containers clogging its ports. On July 1, Oakland is reducing the tariff-free time from seven days to […]
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Stocks making the biggest moves premarket: General Mills, Carnival, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills reported adjusted quarterly earnings of $1.12 per share, 11 cents above estimates, with revenue that also topped Wall Street forecasts. The stock rose 1.6% in the premarket, even as the food producer forecast full-year profit below Street estimates amid rising […]
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5 things to know before the stock market opens Wednesday
Here are the most important news items that investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equities markets’ attempt to build on last week’s momentum has so far fizzled this week. Futures were little changed Wednesday […]
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Bitcoin briefly drops below $20,000 again as pressure continues to mount on crypto market
Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin fell below $20,000 on Wednesday as a number of factors from macroeconomic worries to issues with cryptocurrency […]
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Retirees planning to travel should check their Medicare coverage to avoid costly surprises
Tom Merton | Getty Images If you’re a retiree on Medicare and feel the itch to travel, be sure you know whether your insurance plan can go with you. Whether you want to hit the road for a U.S.-based trip or head overseas, coverage at your destination hinges on the specifics of your Medicare plan. […]
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Best Western CEO Larry Cuculic: Our forward bookings remain strong despite inflation
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Larry Cuculic, president and CEO of Best Western Hotels and Resorts, joins CNBC’s ‘Squawk Box’ to discuss how inflation is hitting the travel industry, demand for hotel rooms in the coming months and more. Source
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Bank of America upgrades Goldman Sachs, says it will thrive in the coming economic storm
Investors looking to protect themselves from an economic slowdown should put their money in Goldman Sachs , Bank of America said Wednesday. Analyst Ebrahim Poonawala upgraded the bank stock to buy from neutral. In a note titled “buying protection against the coming storm,” he said the bank will thrive in an economic slowdown. “Our ratings […]
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Sony looks beyond the PlayStation 5 with its own brand of PC gaming gear
Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. Sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. […]
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Atlantic Equities says buy McDonald’s, a ‘defensive value play’ as consumer spending slows
Now is the time to buy McDonald ‘s, a defensive name to ride out slowing consumer spending, according to Atlantic Equities. Analyst Edward Lewis upgraded the fast-food giant to overweight, saying in a note to clients Wednesday that the company is “more than just a defensive value-play” and a leader in the global quick-service restaurant […]
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