September 25, 2024
“Following its Capital Markets Day on Wednesday, T-Mobile (NASDAQ: TMUS) announced a whopping 35% increase to its dividend. T-Mobile just introduced a dividend to shareholders last year for the first time… In the wake of Analyst Day, analysts at Evercore raised their price… Continue Reading…
September 18, 2024
“…1. United Parcel Service There’s no getting around the fact that the wind-down of the COVID-19 pandemic has proven challenging for United Parcel Service (NYSE: UPS). The stock soared in the wake of a wave of online shopping, but the return of… Continue Reading…
August 20, 2024
“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week.… Continue Reading…
July 24, 2024
“…Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That’s a debt load that now represents over 120% of GDP. Earlier this year, the cost… Continue Reading…
May 13, 2024
“The death of a Bank of America associate last week has ignited a firestorm on Wall Street as some bankers slam the toxic work culture they feel contributed to his death — including reported complaints over 100-hour work weeks. Leo… Continue Reading…
February 21, 2024
“Lyft shares closed up over 35% on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates… Lyft stock initially shot up more than 60%… Continue Reading…
October 30, 2023
“Turkey’s central bank on Thursday hiked its key interest rate from 30% to 35%, in an ongoing bid to rein in inflation. The move was in line with expectations of economists polled by Reuters. The central bank said price rises… Continue Reading…
October 25, 2023
“Bitcoin (BTC-USD) surged above $35,000 in its largest single-day jump in 13 months, fueled by optimism that regulatory approval of the first spot bitcoin exchange-traded fund is nearing… The stocks of digital asset companies also pushed higher. Coinbase (COIN), the… Continue Reading…
July 27, 2023
“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…
July 4, 2023
“Chicago’s pension burden climbed last year after the city’s retirement funds lost money due to volatile markets, deepening the long-standing fiscal woes for new Mayor Brandon Johnson… The amount the city owes to its four pensions that pay benefits to… Continue Reading…
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