America Together – Black History Month – Family of Whitney M. Young Jr. Whitney Young Jr. may not be as well-known as some of the towering figures of the civil rights movement, but he had just as much impact, if not more. While the 1960s raged with unrest, riots and protests, […]
Read moreRising interest rates may continue to test the stock market in the week ahead
February's employment report is a highlight of the week ahead, and it is expected to show 218,000 payrolls, or four times as many jobs were created in February than January. The rapid rise in bond yields has made stocks skittish and that could be a factor in the week ahead, […]
Read moreEuropean markets set to fall, following global market dip on bond yield jitters
The yield on the U.S. 10-year Treasury note briefly surpassed 1.6% on Thursday, its highest in over a year, fueled by expectations for higher economic growth and inflation. Corporate earnings reports in Europe Friday come from British Airways parent IAG, LafargeHolcim, BASF, Deutsche Telekom, Suez and Engie. LONDON — European stocks are […]
Read moreTreasury Yields Spike Following Upbeat Economic Data
Treasuries saw significant weakness during trading on Thursday, extending the notable move to the downside seen over the past several sessions. Bond prices came under pressure in early trading and remained firmly negative throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of […]
Read moreMorgan Stanley breaks down 3 trades to play inflation as investors rotate out of safe-haven assets
Traditional safe havens like gold, or currencies like the yen and the Swiss franc are looking shaky. Markets are pricing in growth and a pick-up in inflation over the medium term. Here are the three ways to capitalize on the rotation out of haven assets, Morgan Stanley said. Visit the […]
Read more10-year Treasury yield holds above 1.4% ahead of fourth-quarter GDP update
The U.S. Department of Commerce is set to release its second estimate for fourth-quarter gross domestic product at 8:30 a.m. ET. Weekly data for new unemployment insurance claims is also due out at 8:30 a.m. ET. The 10-year U.S. Treasury yield held above the 1.4% level on Thursday morning, ahead […]
Read moreMicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings
MicroStrategy announced Wednesday it has bought just over $1 billion worth of bitcoin. The purchase of 19,452 bitcoins puts the company's total holdings of the digital token at 90,531. MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible […]
Read moreGameStop CFO resigns following Reddit stock trading mania
Robinhood, Citadel, others involved in GameStop trading frenzy face multiple investigations: Gasparino Sources tell FOX Business’ Charlie Gasparino that the investigations are forcing Robinhood to slow walk its planned IPO. Following weeks of headline-grabbing attention from a social media-fueled stock trading frenzy, GameStop announced Tuesday its Chief Financial Officer Jim Bell […]
Read moreTesla invests $1.5 billion in bitcoin
New York (CNN Business)Tesla, the hottest stock in the market for more than a year, has sunk into bear market territory. Shares of Tesla (TSLA) fell 6% Tuesday after closing down 8.5% Monday, wiping out its gains for the year. The stock closed at a record just above $883 on […]
Read moreLong Blockchain, former iced-tea turned crypto company, has its shares delisted by the SEC
Shares of Long Blockchain have been delisted by the SEC after failing to file its financial reports. The company formerly operated as an iced-tea company, but it tried to pivot to blockchain and changed its name to Long Blockchain from Long Island Ice Tea amid the bitcoin frenzy of 2017. […]
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