Tag: Markets

Regional Bank Shares Take Beating After First Republic Collapses

May 1, 2023
Business & MarketsCompanieseconomic policieseconomyFDICFirst Republic BankinflationInvestmentJPMorgan ChaseMarketsPolicies & ImpactsrecessionUS
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U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co. The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year. Shares of several…

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Stock Market Today: Stocks Stay Steady After Bank Failure

May 1, 2023
Business & MarketsmarketMarketsstockstocksWall Street
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NEW YORK—The latest historic U.S. banking failure made few waves in markets, and stocks drifted Monday as Wall Street braces for what it hopes will be the last hike to interest rates for a long time. The S&P 500 was virtually unchanged after regulators seized First Republic Bank and sold off most of it in…

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Closing Prices for Crude Oil, Gold and Other Commodities (May 1)

May 1, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery fell $1.12 to $75.66 a barrel Monday. Brent crude for July delivery fell $1.02 to $79.31 a barrel. Wholesale gasoline for June delivery rose 2 cents $2.55 a gallon. June heating oil was unchanged at $2.38 a gallon. June natural gas fell 9 cents to $2.32 per 1,000…

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Investing in Bullion Coins

May 1, 2023
bullionbullion coinBusiness & MarketscoingoldGold and Commoditiesgold coinMarketsSponsored Content
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If you’re interested in investing in gold, silver, platinum, and palladium, you’ve likely come across the term “bullion.” Bullion is a blanket term used by precious metals investors, dealers, sellers, government entities, and more. So, what are bullion coins? Understanding how bullion compares to numismatic coins can help you make the right portfolio decisions for…

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Why Future Market Returns Could Approach Zero

May 1, 2023
Business & MarketsBusiness ColumnistsfutureInvestmentMarketsreturnUS
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What if I told you that future market returns could approach zero? This seems hard to believe, considering young investors piling back into the markets since the beginning of the year. As I discussed previously, this behavior follows the clubbing many received in 2022. A recent Wall Street Journal article discussed how retail traders that…

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Stock Market Today: Wall Street Rises to Cap a Winning April

April 28, 2023
Business & MarketsMarketsstockstocksWall Street
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NEW YORK—Wall Street closed out a winning April with gains Friday after more companies said their profits at the start of the year weren’t as bad as expected. The S&P 500 rose 34.13, or 0.8 percent, to 4,169.48. Despite some sharp swings this week, it still clinched a second straight winning month. The Dow Jones…

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Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 28)

April 28, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery rose $2.02 to $76.78 a barrel Friday. Brent crude for June delivery rose $1.17 to $79.54 a barrel. Wholesale gasoline for May delivery rose 5 cents $2.58 a gallon. May heating oil rose 3 cents $2.38 a gallon. June natural gas rose 5 cents to $2.41 per 1,000…

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NTD Business (April 28): Digital Health Device Cybersecurity Risk? IRS Hiring More Armed Tax Enforcers

April 28, 2023
armed agentsBusiness & MarketsCompaniescybersecurityeconomyEpochTVExxonFederal ReserveIRSjerome powellLive VideosMarketsmedical deviceMercedesNTD Businesspersonal financeUSVideo
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Exxon-Mobil reported bumper profits last quarter, despite falling gas prices. What contributed to the record? You can now add horsepower to an EV Mercedes, but at a cost. The IRS commissioner confirmed the agency is hiring armed tax agents nationwide as part of President Joe Biden’s push to shore up enforcement. But the IRS says…

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Anheuser-Busch to Invest Heavily in Marketing After Bud Light Transgender Controversy

April 28, 2023
Anheuser BuschboycottBud LightBusiness & MarketsCompaniesDylan Mulvaneyeconomic policieseconomyInvestmentMarketsUSUS News
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Anheuser-Busch is reportedly planning to invest in a major marketing campaign for Bud Light after getting involved in a transgender ad controversy. The beer company is promising beverage distributors they will avoid similar touchy subjects, The New York Post has learned. America’s largest beer giant saw its sales plummet after its Bud Light brand partnered with…

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Fugitive CEO Fined Record $3.4 Billion for Bitcoin Investment Fraud

April 28, 2023
bitcoinBusiness & MarketsCrime and Incidentscrypto fraudcryptocurrencyMarketsPublic SafetyTechTech NewsUSUS News
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A United States court has ordered a South African citizen to pay over $3 billion in fines for duping American investors through a fraudulent Bitcoin investment scheme. Cornelius Johannes Steynberg was ordered by a federal judge in the U.S. District Court for the Western District of Texas to pay $1.73 billion in restitution to defrauded…

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