business news
Trump appeals New York contempt ruling, fine over failure to comply with subpoena
Former U.S. President Donald Trump arrives at Trump Tower in Manhattan on August 15, 2021 in New York City. James Devaney | GC Images | Getty Images Former U.S. President Donald Trump has appealed a contempt ruling and a $10,000-per-day fine over his failure to comply with a subpoena by New York state’s attorney general […]
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88% of adults support requiring personal finance education in high school, survey finds
Most adults in the U.S. support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from […]
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Hedge funds attract the biggest inflows in 7 years on the back of market volatility
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. Brendan McDermid | Reuters (Click here to subscribe to the Delivering Alpha newsletter.) The hedge fund industry attracted its largest inflows in seven years during the first quarter as investors sought downside protection amidst a volatility […]
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Fauci says U.S. is transitioning out of ‘pandemic phase’
Dr. Anthony Fauci expressed optimism about the state of the pandemic in the U.S. on Tuesday. “We are certainly right now in this country out of the pandemic phase,” Fauci, the White House’s chief medical adviser and director of the National Institute of Allergy and Infectious Diseases, told PBS NewsHour. He later told The Washington Post that the […]
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Stocks making the biggest moves midday: Microsoft, Visa, Enphase Energy, Boeing and more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. Enphase Energy — Shares jumped more than 8% after Enphase topped earnings expectations on the top and bottom lines. The energy company reported record revenues, and said it’s setting its sights […]
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Real estate inventory plummets in South Florida, but the luxury markets are hotter than ever
This oceanfront mansion in Highland Beach, FL sold for $40 million breaking a local record for the town. Robert Stevens The supply of luxury homes and condos in South Florida isn’t merely tight. It’s worse than that. “This isn’t just a decline in inventory,” said Jonathan Miller, CEO of Miller Samuel, an appraisal and consulting […]
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors. Source
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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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