March 17, 2021
“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…
January 25, 2021
“Bitcoin’s price rose on Monday after a brutal sell-off that saw the virtual currency briefly dip below $30,000. Meanwhile, ether — the world’s second-biggest cryptocurrency — hit a fresh record high. Bitcoin rose more than 7.4% in the last 24 hours to trade… Continue Reading…
October 27, 2020
“Banks haven’t been among the hot groups lately. But there are exceptions like SVB Financial (SIVB). The IBD SmartSelect Composite Rating for the parent of Silicon Valley Bank shot to 96 on Monday, up from 89 earlier.Volume 0%01:2301:23 The upgrade means that SIVB… Continue Reading…
October 26, 2020
“Ant Group would raise $34.5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time. The Chinese financial technology giant previously said it would split its stock… Continue Reading…
September 5, 2020
“Shares of DraftKings rose 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors. Jordan, a member of the National Basketball Association Hall of Fame, will have an equity… Continue Reading…
August 21, 2020
“Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. That’s the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006.… Continue Reading…
August 12, 2020
“The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. … Continue Reading…
August 6, 2020
“As mortgage rates continue to decline to new record lows, prospective home buyers are facing a frustrating situation: Cheap financing is everywhere, but there’s seldom a home to buy. The 30-year fixed-rate mortgage averaged 2.88% for the week ending August… Continue Reading…
June 22, 2020
“Mortgage rates keep rewriting the record books. Mortgage giant Freddie Mac says rates on 30-year fixed-rate mortgages dropped last week to a new low in its survey that goes back nearly 50 years — and it’s the fourth time that’s… Continue Reading…
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