Twitter Stocks Slide As Snap Crashes, Giving Musk Reason To Bail
As shares of Snap plunged 40% Tuesday, dragging down all social media stocks, twitter dropped 3%, changing hands at $36.72 each. That would mark its market value at roughly $28…
Fed Facility Tops $2 Trillion As Investors Scramble To Park Cash
The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to…
US Bars Russia From Paying Bond Holders Through US Banks
In a move designed to increase the chances of a Russian default on its debt payments, the US has barred Russia from paying bond holders through US banks. The Biden…
Experts Say Without A Full Ban On Russian Oil, Prices Could Crash To $65
Many analysts believe the key factor in the upper band of crude oil trading recently has been a fear of a Russian export ban to the European Union. Europe was…
Wells Fargo Ordered To Pay Advisor Nearly $1 Million For Role In Credit Suisse Deferred-Comp Spat
Credit Suisse struck an arrangement with Wells Fargo seven years ago, as it prepared to close down its US wealth management division. Credit Suisse withheld millions of dollars of deferred…
George Soros Moves Heavily Into Rivian And Salesforce
According to the latest 13F filing from Soros Fund Management, George Soros’ fund sold 3,680 shares of Amazon (AMZN) in Q1 of 2022, reducing his stake by 5%. The fund…
Texas Republicans Roil Muni Market Again With Energy Law
Texas had already banned various big Wall Street banks from its municipal bond market for espousing policies deemed unfriendly to private gun ownership. Now Texas is expanding the program, banning…
Airbnb Is Closing Its Domestic Business In China
Airbnb is closing out all of its listings in China. It will maintain an office in the country to facilitate listings in other countries, but all residences it has listed…
Zoom Soars On Earnings Report
Shares of Zoom surged 18% after its earnings report showed it beating analyst’s expectations. Full year adjusted earnings per share were revised to between $3.70 and $3.77 from $3.45 to…
Goldman And Bank Of America Have Different Predictions For The Future
In the latest weekly note to investors, Goldman Sachs says it believes the market has hit a floor on equities. Goldman’s chief U.S. equity strategist David J. Kostin says the…
